Rising business electricity prices mean switched on businesses are in the market for the best business electricity deal from energy suppliers. Call uSwitchforBusiness today on 0800 188 4930 or request a call back to see how we can help you save on your business enegy costs.
You'd be surprised by how the price of business electricity can differ from business to business. How much you pay and the way energy rates are structured can vary considerably, so it pays to have an expert to make sense of the options available.
Comparing business electricity rates can result in quick and easy savings for any company.
No matter how bespoke your electricity needs are uSwitchforbusiness can help you get the best electricity plan for your business.
What's happening to business electricity prices?
Business electricity customers have spent the last few years seeing prices rise. However, there are still plenty of savings to be made on your business energy bills.
Across the UK the general trend has seen electricity prices steadily rising over the past few years.
Due to the fact that the price of electricity is heavily linked to supply and demand, business customers have experienced increases in their energy bills as a result of a higher demand across the country.
Why are business electricity prices rising?
Recently, the UK has experienced cold snaps during months like March and April, where weather was expected to be warmer. As a result, this has meant that the demand for electricity skyrocketed at times when suppliers were not expecting to need to generate as much power.
Other factors such as the cost to produce electricity, including through wind power or coal power, can also have an impact on the price. For example, in recent years strong winds have helped create more energy to produce electricity, keeping costs down. However, when wind power wanes, the price of electricity is likely to rise.
Despite electricity prices being heavily influenced by several external factors, the energy market is made up of many suppliers competing against each other, helping to ensure that the prices stay competitive for businesses.
In fact, it can be quite difficult to find the best supplier for your business because of the wide variety of choices available.
This means that it's important to choose the right electricity supplier for your business and get the best deal possible. Head to uSwitchforBusiness to compare electricity prices today.
How do I compare business electricity prices?
Unlike with households, businesses can't simply go online to compare prices between electricity suppliers. Each business has bespoke electricity usage requirements, so you would need to contact each supplier directly to get a quote.
But instead of individually obtaining quotes from each supplier uSwitchforBusiness can do most of the work for you by taking care of this process on your behalf.
uSwitch is the UK’s leading energy comparison site and uSwitchforBusiness can offer businesses essential, expert advice to help you compare business electricity rates as well as energy prices.
uSwitchforBusiness gets to know your business energy requirement to help you find the best deal for your specific needs. With relationships across a wide variety of electricity suppliers, finding a price and a plan that works for your business is easier with uSwitchforBusiness.
How does switching business electricity work?
Switching on your own can be quite a long and tedious process, but with uSwitchforBusiness the leg work is taken care of for you.
Switching your business energy supply has six steps:
- Check if your business is within its renewal window – remember, you can only approach suppliers for business energy quotes during this period.
- Speak to uSwitchforBusiness and let them know about your business requirements: how much electricity you use, your business credit rating, your location, if you want the same supplier for gas as well, and the length of contract you need.
- We'll get back to you with the best quotes to match your requirements, allowing you to compare and pick your preferred choice.
- Select the new business energy tariff of your choice.
- Inform your current supplier that you’re switching business energy contracts.
- Wait for the switch to take effect once your current business energy contract comes to an end.
See our guide Compare business energy quotes for more information.
If your business is not within its renewal window, give uSwitchforBusiness a call on 0800 188 4930 or request a call back and we can monitor the situation and get back to you when the time is right.
How does uSwitch find the best commercial electricity prices?
The process used to source cheaper electricity is not the same as that used for members of the general public. There is no automated business electricity price comparison.
Instead, the uSwitchforBusiness team liaises with suppliers to get your business the best business electricity rates. Ask uSwitch to evaluate the electricity usage of your business and see how much you could save with business electricity prices that suit you, not just your supplier.
When it comes to energy comparisons uSwitch is trusted across the UK and our relationships with suppliers up and down the country can help businesses get the best deal possible.
Read our guide, Compare business energy brokers to learn more.
Why put up with high business electricity prices?
Save on your business electricity bills by becoming one of the thousands of customers who switch with uSwitch each week.
How much is electricity for businesses in the UK?
The price of electricity for businesses in the UK can vary according to the size of your business, its credit rating, location, and how much of it you use on a daily basis.
The length of your contract and whether or not you want your gas from the same supplier can also affect the price as well.
On average the price per/kWh for business electricity rates is somewhere around 10p to 14p. The bigger your company and the better your credit score, the more likely you are to get a cheaper price per/kWh.
Electricity rates vary in different parts of the country too, so your location will also be a factor.
Take a look at our guide on average business energy costs and how to Compare business energy prices per kWh to learn more.
Compare business electricity prices
Enter your postcode below to see if you could save today on your home energy prices. Or head to uSwitchforbusiness to compare business electricity prices.
*Based on energy contracts arranged from 01 Jan 2018 to 30 Jun 2018 by uSwitchforBusiness, when compared to prices or renewal quotes from existing suppliers.