Compare Electricity Prices

Compare electricity prices, play an important role in operating a business’s overall costs. If a business uses the same electricity tariff without being willing to compare business electricity prices from different energy suppliers, you might not be taking advantage of cost savings. It's also important to stay informed about business electricity prices in your area.

If a business needs to renew its current business electricity contract or explore better options with other business electricity suppliers it's important to compare business electricity prices, we can handle all your needs. Our energy experts at BBC Utilities will help you in fulfilling your business needs. Contact us for a quick call and we will get your free business electricity quote in under 60 seconds.

• Let us know your business needs.
• Compare Electricity Prices and select as per your requirements.
• We will take care of your renewal or switch.

Whether you're looking to renew your current business electricity contract or considering a switch, we've got you covered, and it all begins with a single phone call. We only need a few essential details from your end. We will provide you with the best options available at your location and guide you in selecting the most suitable business electricity tariff to compare with the cheapest business energy supplier.

Furthermore, our experts will handle negotiations with your existing business electricity supplier for contract renewal, and they'll also explore options with new suppliers if you're considering a switch.

Different Business electricity tariffs to compare

When businesses compare electricity prices, the main thing a business should be aware of is various business electricity tariffs or contracts. Let’s go through some of them.

• Fixed-rate tariff: When you're running a business electricity price comparison. One popular option is called a fixed-rate contract. With this, you agree to pay the same unit rate you use and a standing charge for a few years, usually up to five.

Opting for a fixed-rate business electricity contract provides businesses with the benefit of predictable billing, facilitating more effective cost management. To compare business electricity rates and secure fixed-rate tariffs, businesses safeguard themselves against potential hikes in electricity prices per kWh throughout the agreement. This proactive approach helps shield businesses from fluctuations in the energy market, providing stability and financial security.

• Variable rate tariff: When we compare business electricity rates, choosing a variable rate tariff means that the unit charge of business electricity can fluctuate based on the business electricity market rates. This kind of plan can be good for businesses that are looking to save money when business electricity prices fall.

However, since the unit rate changes with the market, there's also a chance that prices could increase. This means you might end up paying more at times. It's all about whether the business is willing to take the chance to compare business electricity prices per kWh to going up with the hope they might also go down.

• Rollover tariff: When businesses compare electricity prices, it's important to remember that forgetting to renew your business electricity contract can land you on something called a rollover contract automatically. This rollover contract typically lasts for a fixed period, usually a year, and legally binds the business to stick with it. However, the issue with rollover contracts becomes apparent when you compare business electricity prices.

They often come with higher rates compared to what businesses could secure with a new electricity contract. This means businesses might end up paying more than necessary. Moreover, being stuck on a rollover contract makes it challenging for businesses to switch to better business electricity deals elsewhere. Therefore, businesses must stay proactive when they compare business electricity prices and renew contracts on time to avoid such situations.

• Green electricity tariff: For Zero Carbon mission and environmental safety, many businesses are aiming to be more environmentally friendly by choosing business electricity plans that come from renewable sources like the sun and wind. These plans are called green electricity tariffs, and they're getting helpful with the companies that want to reduce their impact on the environment.

Many business electricity suppliers are now offering these green electricity tariffs to businesses. This means that a small business organization or a large business has more options to choose from when it comes to picking an eco-friendly business electricity deal per kWh. By opting for green business electricity tariffs businesses get to do their part for the planet while also having more control over their business energy choices.

• Pass-through tariff: Understanding a pass-through electricity tariff can be a bit more complex compared to other types of business electricity tariffs. Essentially, it splits your business electricity bill into two main components: fixed wholesale rates and additional rates covering things like National Grid levies and network costs.

The fixed wholesale rates remain constant over a specific period, offering some stability in pricing. However, the additional rates, which include charges related to National Grid and network expenses, can fluctuate multiple times within a year.

These tariffs are typically most suitable for businesses that actively manage their business electricity consumption and closely monitor energy market changes. If your business is proactive in controlling its energy usage and staying informed about tariff adjustments, a pass-through tariff could provide the flexibility and transparency needed to make informed decisions and potentially optimize costs over time.

• Deemed rate tariff: When a business hasn't signed up for a specific business electricity contract, they're automatically put on what's called a deemed rate tariff. These business electricity tariffs are known for being the priciest options available in the market.

Essentially, if a business has never agreed to a particular electricity contract, the business energy supplier will assign them to this default tariff. Unfortunately, deemed rate tariffs usually come with higher electricity rates per kWh compared to negotiated contracts. It's a situation where businesses end up paying more simply because they haven't chosen a specific business electricity contract. So, it's in the best interest of businesses to actively seek out and agree to a suitable electricity contract to avoid these costly deemed rate tariffs.

• Flexible tariff: For large business electricity consumption organizations, buying all their electricity supply upfront can be a strategic move. By doing so, these businesses gain access to wholesale market rates, which can help bypass some of the additional costs associated with retailers.

Purchasing business electricity in bulk upfront allows these organizations to negotiate directly with wholesale electricity suppliers. This direct engagement often results in lower prices per unit of electricity compared to what retailers might offer. Additionally, by buying in advance, these organizations can hedge against potential price increases in the future, providing more stability and predictability in their energy costs.

Overall, opting to purchase electricity supply in advance can be an advantageous strategy for large consumption organisations looking to manage costs effectively and optimise their energy procurement process

Benefits of Comparing Business Electricity with more than 25 Suppliers

How we compare business electricity tariffs is simple and easy. We renew your existing contract or compare all the suppliers that provide business electricity services and quote the best tariff that suits your business well.

Factors Contributing to Rising Business Electricity Costs

After the businesses compare electricity prices, Businesses are experiencing an increase in business electricity bills, despite the decrease in electricity prices. This may be due to various factors.

The overall supply and demand for electricity in the energy market can impact prices. Seasonal changes, weather conditions, and geopolitical events can all affect supply and demand. In business electricity comparison the type of contract you have with your energy supplier can significantly affect prices. Fixed-rate contracts provide price stability, while variable contracts can lead to price fluctuations.

The amount of electricity your business uses can influence your pricing. High energy consumption can often lead to lower unit prices. Your business's location can impact electricity price comparison as regions with more energy supply options and competition may offer more competitive pricing. Government regulations, taxes, and incentives can influence electricity prices. For example, subsidies for renewable energy can affect pricing.

Some businesses have tariffs where the time of day you use electricity affects the price. Off-peak usage is typically cheaper. The number of energy suppliers in your area can impact prices. More competition can lead to better deals for businesses.

These are some key factors that affect your certain increase in electricity bills.

How can I save additional costs on my electricity bill?

Apart from comparing business electricity, here are a few measures that save you money and contribute to a more sustainable and eco-friendly operation. One of the most impactful changes you can make is to install smart meters. These electronic devices play an important role in tracking your daily electricity consumption accurately, eliminating the need for estimated bills. This precision in billing ensures you only pay for the energy you've used, preventing overcharges and unexpected costs.

How Do I Switch Business Electricity Suppliers?

You can't change your current business energy supplier whenever you want, or you might have to pay exit fees. But you do have a good opportunity to switch when your contract is nearly finished. About 49 days before your current contract ends, you can start looking for a new supplier without worrying about extra charges. This way, you can change suppliers smoothly and save money.

To Switch and Compare business electricity prices and suppliers for potential cost savings and improved services involves several steps. First, run a business electricity price comparison, considering pricing, contract terms, and your business needs. Review your current contract, checking for exit fees and its end date. Request a customised quote from the chosen new electricity supplier, then compare offers from your current and prospective suppliers to ensure financial alignment with your budget.

Once you decide, your new supplier contacts your current one to manage the switch. There's a brief cooling-off period, around 14 days, to change your mind without penalties. Provide a final meter reading if requested to prevent billing discrepancies. The switch takes about 21 days with no disruption in energy supply, and you'll receive bills from your new supplier. Regularly monitor your bills to ensure they reflect your new contract's terms and pricing.

In case you have issues related to business gas you can check our links:

• Compare Business Gas Prices
• Business Energy Comparison
• Gas and Electric Tariffs