Business energy switching – how to lower costs

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The business energy switching process can be more complex than switching your home energy supplier. Your energy usage and location largely determine which deals you have access to. On top of that, there’s broker fees to contend with. These sometimes drive up the price of a contract without you knowing about it.

Despite this, switching is important. It’ll keep you off a sky-high ‘out-of-contract’ tariff and keep your supplier honest. It really is that simple.

You can switch once your existing contract ends and you’ll save money doing so, whether you switch to another of the ‘big six (British Gas, EDF, E. ON, Npower, Scottish Power, SSE) or an independent like Opus Energy Profile.

Business Energy switching and Contract Types

If you are a business consumer, you can beat the rising cost of energy by switching your energy supplier. You are not obligated to stay with your current supplier once your contract ends and you could find a better deal elsewhere.

The first step is understanding business energy contracts. This is important so you know what you’re getting yourself in for. The three main energy contract types are fixed-term contracts, variable-rate contracts, and deemed rate contracts.

Fixed contracts lock in a price for energy for the length of your contract; variable contracts might have a lower introductory rate but carry the risk of price increases; and deemed rate contracts are a rolling contract with expensive rates arranged by suppliers who have not yet agreed a contract with their customer.

What you want is a fixed rate contract. This will keep you steady. Variable rates are a gamble. Thankfully, because you now know you want a fixed rate contract, comparing deals is easy: the lower the price per kWh, the better!

Comparing electricity and gas deals

There are a few ways to go about business energy switching. Firstly, with our price comparison tool. Our price comparison tool makes it easy for businesses looking to switch and save on their energy deal. It lets you compare deals and plans from all main providers with no bias. Unlike some price comparison sites, we are not invested in the suppliers we recommend.

The alternative step is to contact suppliers directly. Some suppliers only divulge offers on the phone. You can still use our app as a benchmark regardless, because it helps you figure out how much you should be paying for your energy.

To get as accurate a quote as possible, you need to enter your exact location and usage details when you use our app or indeed any comparison service. This is because the main variables with business energy prices are usage and location. Once you’ve found the right deal, confirm your switch and your new supplier will do the rest for you. There will be no interruption to your supply. The process for business energy switching is seamless.

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