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Businesses that don’t regularly compare and switch their energy providers will end up paying far higher tariffs, as they’re trapped into rollover contracts. These top tips should help you compare commercial electricity suppliers and find a deal that’s perfect for your business.
The energy contract you have for your commercial premises is set up differently than with domestic properties. This means that you’ll pay a different rate for the electricity being used for your business. If you haven’t switched suppliers recently, your bills will most likely be higher than they should. If this relates to your situation, we’ve got your back.
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I want to switch my commercial electricity supplier
All that you have to do is provide us with a few details to set your switch in motion. We’ll take over from there and do the rest on your behalf.
Some of the information that we’ll need to do the work that we do include your current supplier’s name and your electricity usage figures. If you are able to get this information to hand ahead of your application, it will speed things up in the long run, and we can see you switching and saving in no time!
Our utility experts will scour the market to advise you on the best deal for you. Once you give us the go-ahead, we will then secure that deal for you and oversee it from start to finish, until you are happy that the process was smooth and successful.
Keep reading for a comprehensive overview of commercial electricity in the UK, and how to switch through us.
Kilowatt hours explained
Electricity rates are measured in Kilowatt Hours (kWh), which means the amount of time it takes an appliance to use 1 kilowatt. For example, a 1,000 watt appliance would equate to 1 kWh, whereas a 500 watt appliance would equate to 2 kWh, and a 250 watt would equate to 4 kWh, and so on.
It is often thought that it is the amount of Kilowatts used per hour by a premises. This is not the case so be careful not to get mixed up.
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Types of businesses and their Commercial electricity costs
A business is classified with relation to how many employees work for it. The statistics below show the average usage and rates for each sized business over the past year:
Average usage per year: 8,000 kWh
Price per kWh: 16.74p
Commercial Energy in the UK
In recent years, there has been a rise in commercial electricity prices due to a number of well-reported environmental and economic factors. This includes the pandemic, which has seen energy demands soar worldwide. When temperatures plummeted, we used up much electricity, resulting in the supply dwindling faster than the demands were being met. As well as this, the relatively still weather over the past year has resulted in wind turbines generating less power than previous figures in the past.
This is just a few of many occurrences that have resulted in an increase in the price cap by Ofgem, meaning that suppliers are officially allowed to charge more for their energy.
As suppliers continue to increase their rates off the back of this, it would be an especially wise time for business owners to assess their commercial electricity bills, and seek to cut costs where they can.
Can I get commercial electricity if I run my business from home?
The only typical circumstances where you could get commercial electricity as a home worker is if over half of your electricity usage is for your business. In saying this, it is worth looking at the suppliers market to see if any offer commercial electricity at a lower percentage of usage.
Factors relating to cost
Nature of business
The figures are subjective to the nature of the business, and what electrical equipment or appliances are used within it. The only way to truly get an accurate estimate is to request an electricity audit on your premises. Many suppliers offer this service for free.
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Switch commercial electricity suppliers with Bright Utilities!
Most businesses are renewing their electricity contracts without even comparing the commercial services market, which is resulting in them missing out on thousands of pounds in savings when they choose the right commercial energy supplier.
We understand that time is precious, which is why we’ve created our quick and easy online business comparison website, to help you compare the best commercial energy services on the market.
This offers a straightforward solution to acquiring the cheapest and most competitive quotes available today.
Securing the most cost-effective electricity contract for your business can be far from straightforward. Due to the numerous additional charges recently introduced and the various length of the contracts available, using an energy broker can alleviate these issues. Especially one which has established a long-term relationship with a wide range of suppliers, meaning they can provide a range of options and offer expert advice on the contract most suited to you.
If your current electricity supplier has given you a high-priced renewal, get in touch with Bright Utilities before going ahead. Having an experienced broker in your corner could help you negotiate a much better business electricity deal. We will also handle every last detail of your commercial electricity supplier switch, from all the paperwork to negotiating with electricity suppliers. The whole aim is to save your business money and get the best energy deal for your business electricity.
Does commercial electricity cost more than home electricity?
Again, it all relates to many circumstances such as the ones mentioned above. Larger businesses will tend to spend less per kWh than households. This is because the magnitude of power that they use means that its wholesale price is reduced.
On the other hand, some micro & small businesses may pay more for their electricity than a domestic household, depending on the supplier and their energy infrastructure. One other notable point is that a business has no cap on their commercial electricity bill, whereas a household has a cap on their domestic household bill.
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Information & F.A.Q
INTERNATIONAL TREE FOUNDATION
Did you know we work with The ITF?
Bright Utilities has been working with the ITF since January 2020 and for every company who switches supplier, Bright Utilities will plant 10 trees with the International Tree Foundation.
One of the oldest environmental organisations in the world, ITF has been pioneering community led forest restoration since 1922. With each donation, ITF will plant ten trees with one of our African partners.