We take away the hassle of finding the best rates for your business gas or electricity, our team searches and compares all UK suppliers to find the most cost effective solution for your requirements and will manage the whole process so you don’t have to.
We have helped many customers, from start ups and local businesses to household names and international companies. Whatever your industry or business size if you use gas, electricity or water we can help reduce the costs.
Our clients save on average 19% in comparison to their quotations received direct from suppliers, find out how much your business could save.
For a quotation or advice speak to a member of our team on 0843 456 0066.
Just like with your home energy bills, business energy bills mainly comprise of two charges:
- Unit cost – This is measured in kWh and is the unit rate you pay for gas and electricity.
- Standing charge – This is a fixed daily charge which covers the maintenance of the national grid, and the cost of transporting gas or electricity direct to your business premises.
When comparing supplier quotations you look to lower the cost of your bill by finding the supplier offering the lowest unit rate and standing charge. There are also other costs that make up your bill such as taxes, including transportation and distribution costs levied by suppliers and the Climate Change Levy, issued by the government. All quotations supplied by the Utility Centre are FULLY INCLUSIVE of these costs.
You should also be aware of the types of energy contracts that are out there, of which there are five main types:
- Fixed rate – Unit rates are set at a certain price for the duration of the deal. This can help with budgeting and safeguard against price hikes. Monthly bills will still fluctuate in line with your energy usage.
- Variable-rate – Unit rates are linked to market activity, and can go up or down for the duration of your contract. So you could end up paying more or less from month-to-month, even if your energy usage remains constant.
- Deemed rate – Also known as an out-of-contract rate tariff, this is a rolling deal with expensive rates.
- 28-day – A contract for businesses who haven’t switched since the energy market was deregulated.
- Rollover – A contract that is used when no alternative has been agreed before your current contract’s end date. Rates are usually among the supplier’s most expensive.
The Utility Centre recommend fixed rate contracts as they offer security against unit rate fluctuations and allow for accurate bugeting.
You need to be particularly mindful of deemed rates and rollover contracts. If you haven’t signed a new contract or renewed your old contract, most suppliers will put you on ‘deemed rates’, a temporary rate that is usually a lot more expensive than regular, in-contract prices, or a ‘rollover contract’, which will see you sign up with your supplier for another year, again on less competitive rates.
If you’re placed on deemed rates, you can get out of this contract by giving your supplier 30 days’ notice, but if you go onto a rollover contract, you’ll find this much more difficult to leave.
That’s why it’s important to know when your business energy contracts end, and agree a new deal before this date.