Information needed to switch business energy
You can find most of the important information you will need on your most recent energy bill.
Some of the important information you will need includes:
- Your business postcode
- Your current supplier and contract information
- Your current terms, including the end-date and notice periods
- Your current energy costs per unit (this will be on your bill in kilowatt-hours – kWh) as well as your standing charges if applicable
- Your current annual energy usage
Business energy tariff options
When it comes to finding the right tariff for your business needs, we do all the homework/hard work for you. It's important, however, to understand your average energy usage and operating hours when you're choosing one of our deals.
Some of the more common business energy deals you'll encounter with us are as follows.
Fixed-rate tariffs let the business know exactly what they will be paying for their energy.
Because of this, it will be important that you find the best rate for your business, as you'll then be locked into this rate for the duration of your contract.
Deemed Rate Tariff
Deemed rate tariffs are 28-day rolling contracts - you'll find yourself on one of these if you have failed to cancel or agree on a new contract when your current deal expires.
Rates tend to be inflated, but you only need to give 28 days notice if you want to switch.
Variable Rate Tariffs
Your price is not set to a specific rate and varies depending on the energy market. Variable rates offer greater flexibility and typically shorter contract terms that you can cancel with the agreed notice period.
Green Business Energy Tariffs
As more businesses are looking to increase their green credentials and reduce their carbon footprint, renewable energy options continue to grow.
Whether you want to make the most of commercial incentives or are just trying to take more social responsibility, you can consider green business energy tariffs.
A green energy tariff sees the supplier matching all or a percentage of the electricity you use with renewable energy. This is then fed back into the National Grid.
The idea is that the more people that sign up for this, the more green/renewable energy will be used in the national supply.
The most common renewable energy provided comes from wind and solar farms.
Multi-site Energy Contracts
Multi-site energy contracts are ideal for businesses that run across multiple sites. With this contract, information will be gathered from across all sites and taken into account.
Rolling contracts are similar to deemed rate tariffs on inflated rates but tie you into a year-long contract. These are not as common as deemed rate tariffs offer a much more flexible and fair plan.
No Standing Charge Tariff
A standing charge is a small daily fee that charges you, regardless of your energy use for that day.
If you are looking at changing to a no standing charge tariff, it is important to make sure the new rate does not cost you more over the duration of the contract.
UK business energy suppliers
When talking about business energy suppliers in the UK, you might have heard the term 'Big Six'. These are the biggest companies that take the majority of the market share. In fact, figures from Statista show that in 2020 they had 70% of the domestic energy market in the UK.
That 70% is broken down across the big six as follows;
- British Gas; 18%
- E.ON UK; 15%
- SSE; 15%
- EDF Energy; 10%
- Scottish Power; 9%
- npower; 3%
At Business Energy UK, we understand that not every business supplier will suit an individual business. That's why we compare across 24 business energy suppliers, including the big six and smaller suppliers. This ensures you find the best business energy contract for your individual business needs.