Choosing the best commercial energy deal for your business may not be the number one priority on your agenda. But with the right tariff, you could save hundreds – or even thousands – on your energy bills. This guide will show you how.
In this guide, we put some business electricity and gas suppliers under the spotlight and talk you through the switching process.
You’ve likely heard of the Big Six, but if not, they’re the energy giants who hold up about 70% of the market. The Big Six are: British Gas, EDF, E.ON, Npower, Scottish Power and SSE. They supply business electricity and gas to companies of all sizes.
But you can also get cheap business energy deals from smaller companies, who often come up trumps, particularly when it comes to customer service.
For businesses, energy plans are custom-made. Quotes are individually estimated based on business size, location and previous energy use, among a wide range of other specifics.
So when we’re asked who the best business electricity and gas suppliers are, it’s not clear cut. What might be a cracking deal for one company may be an uneconomical move for another, making it a little harder to give a definitive winner. However, we’ll shine a light on some of our favourites here at Simply Switch:
The energy market is super competitive, meaning there is almost always a better deal out there. If you’re looking for cheaper business electricity or gas, then switching providers is a great way to save money.
But it’s not just about the cost; it’s worth delving a little deeper than that. Many energy suppliers will offer certain benefits, perks or rewards on particular tariffs, so shop around and have a look what’s on offer – you may be surprised.
You could find that another supplier is more in line with your company ethos, or offers a greater array of green energy plans. Customer service is also extremely valued by a business – if you’re running a company, you need efficiency, understanding and seamless service to ensure your business isn’t impacted by any issues that arise, so check reviews to find out what people thought of their customer service.
Have a look at what’s on offer and see how your business could benefit from switching energy suppliers.
If you’re looking to compare business energy quotes, then you’ll need to do a little more than just running a quick comparison. For sure, it’s a great way to get you started, but because energy tariffs are bespoke for businesses you’ll want to speak individually to providers. They need to understand your specific energy needs.
Compare deals, then shortlist your favourites. We recommend checking in with around ten suppliers so you can be certain you’ve got the best business energy deal going.
All you need to do is apply for your tariff, let your current provider know you’re ending the relationship (sob!), and your new supplier handles all the rest.
Once everything is set, it’ll take about four to six weeks for your energy to switch supplier hands. If you’re prematurely terminating your current contract, be aware that it could take longer and it’s likely you’ll incur exit fees, so factor these figures in.
To be sure you’re bagging the best energy deal for your business, it’s worth doing the above process. But if you’re busy running your business like the boss you are – go you! – then we know it’s time consuming. And time is valuable.
Instead, you can always hire an energy consultant to work on your behalf. Consultants will ensure that you land on the right tariff for your company and save money on your business energy bills as you go.