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How to compare Bulb energy prices with Business Energy UK

Are you searching for a business energy tariff because you've just set up a new business, moved to new premises, or your current contract is up for renewal? Choosing a new supplier can seem confusing, but we've got you covered.

With our business energy comparison tool, you can compare green energy suppliers like Bulb to make sure you're getting the best deal and to decide which policy is best for you and your business. Read on to learn more about Bulb Energy and the different tariffs and policies they offer.

Who is Bulb?

Bulb is an energy company that was set up by founders Hayden and Amit around five years ago, with the intention of tackling problems they identified with the current big energy suppliers. As a small company, Bulb wants to lead change in the industry by making energy usage simpler, cheaper and, most importantly, greener.

What this means for you is that they are dedicated to making energy plans really straightforward: you can switch to Bulb in two minutes and they have straightforward, no fuss energy plans.

As a company, they invest in technology in order to make your business energy prices cheaper, and, all of their plans come with renewable energy as standard.

For these reasons, Bulb could be a fantastic energy company for your business energy needs.

Bulb business electricity rates and tariffs

Bulb offers one set electricity rate for every company, so you can rest assured you're on the best deal they have. What's more, you could save 10% on your business energy prices compared to the market average.

Business electricity prices tend to be cheaper than domestic rates (but you will pay more in VAT). Ofgem offers a handy guide on how to get the best prices for your business here.

Fixed-rate contract

Fixed-rate or fixed-term contracts are arrangements whereby your energy price is secured for a certain period of time.

What this means is that you don't need to worry if wholesale prices rise, as you'll continue to pay your provider the same amount per kWh for your electricity. Your energy bills could still vary, however, depending on how much energy you use each month.

Bulb only offers one tariff to customers, which is a variable plan, so you won't be able to get a fixed-rate contract if you choose Bulb as your provider.

However, they list their current prices per kWh on their website and guarantee that you'll get 30-days notice before any price changes. Nevertheless, if you really want a fixed-rate contract, you'll need to look elsewhere.

Variable-rate contract

Bulb doesn't believe in fixed contracts, and for this reason, they only offer a variable tariff to businesses looking for an energy plan. Having a variable tariff means that your energy bills fluctuate based on the current wholesale price for energy.

Variable tariffs are also fully flexible, meaning that you can switch providers at any time, and won't have to pay any exit fees as you're not tied into a contract with your energy supplier. However, it can be harder to predict your monthly energy bill, as your price per kWh could fluctuate at any time.

Bulb advertise their current prices on their website, so you can roughly predict your monthly energy spend based on current meter readings.

What's more, they promise to give their customers 30 days notice of any price changes to their current electricity and gas rates, and you're able to switch providers at any time without exit fees.

Deemed or out of contract rates

With most business energy suppliers, if you forget to switch your plan at the end of a contract, or forget to renew onto a new tariff, you could incur deemed or out of contract rates. With Bulb, however, there are no end-dates, notice periods or renewals to negotiate: and they never charge an exit fee.

For this reason, you can rest assured that you'll never incur any of these fees if you choose Bulb as your energy supplier.

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Additional Bulb business contract information

Bulb offers simple contracts, with just one energy tariff to choose from: so you know you're getting the best value for your business.

They guarantee 30-days notice of any price increases on your plan, and no-exit fees should you feel you can get a better deal elsewhere. Additionally, they only offer green energy to their customers: so you can know you're making an ethical choice.

Bulb charges in monthly payments at the beginning of each month, based on a prediction calculated about the amount of energy they believe your business will use each year. This amount goes into your account as credit. At the end of the monthly billing period, they deduct the calculated amount from your credit, based on meter readings.

You can claim any extra credit back at the end of the year. Alternatively, if your account is in debt, you might be asked to pay this back as a one-off payment or over increased monthly payments. You can use the Bulb app to manage your account, keep track of how much energy you're using each month, and check if your account is in debt.

Pros and Cons of switching to Bulb Energy services

To help you make an informed decision, here are the pros and cons of making Bulb your business gas or business electricity supplier:

Pros

  • They make energy simple with one straight-forward Bulb tariff.
  • They offer 2-minute hassle-free switching.
  • Provide an easy-to-use app to manage your business account.
  • Bulb tariffs are excellent value - 10% less than the market average.
  • No strings attached - customers can leave at any time with no extra fees.
  • You'll never get caught off guard with out-of-contract price hikes.
  • You can benefit from wholesale energy price decreases due to their variable energy plans.
  • All Bulb plans use Ofgem accredited 100% renewable energy and carbon-neutral gas.
  • For every new member who joins, they give £2 to the Bulb foundation - which makes donations to charities and social enterprises that are tackling climate change.

Cons

  • They don't offer any fixed-rate tariffs, so if you want a guaranteed energy bill, you might need to look elsewhere.
  • You’ll need to contact them directly to make the switch, after comparing prices through our comparison tool.

How to switch your business energy supplier to Bulb

If you've decided to make the switch and take out a renewable energy plan with Bulb, it couldn't be easier to switch. Here are some easy steps you can follow to make the change as smooth as possible:

  1. Double-check the deal you found with our comparison tool directly with the supplier.
  2. You can do this by getting a quote directly from Bulb here. They’ll ask for a few personal details like your email address and your business’s annual electricity usage.
  3. If your business has a 2 rate meter, a half-hourly meter or only uses gas, they might request a little more information: you can find out more about this here.
  4. Then, you’ll need to give notice to your current supplier at least 30 days before the end of your contract. Make sure you give them enough notice before leaving and make sure there’s no outstanding balance on your account, otherwise your current supplier may block the switch. There's a handy list of contact details for most UK suppliers here.
  5. Sit back and relax - Bulb will manage the rest!

Frequently Asked Questions

The best energy provider for you and your company will depend on a number of unique factors, however, there are many reasons why a Bulb Energy LTD tariff could be a great choice for you.

Bulb is committed to making energy simpler, reducing costs and getting you great savings. For this reason, they offer competitive prices, no hidden fees, no nasty contracts, and 100% renewable energy as standard.

If you have a question about your account, payment, the app, how to join or more, you can visit their help forum here. Alternatively, should you have a complaint, you can email their customer service team at complaints@bulb.co.uk.

To speak to a member of the customer service team, you can use their online chat function here, or call them at 0300 30 30 635.

Bulb customers can benefit from no exit fees, deemed rates, or hidden charges, which helps to save you and your company money in the long run and prevents any nasty surprises in your bill.

What's more, their plans save you more than 10% on your energy bills compared with the average UK business tariff.

Bulb prides itself on making energy simpler, cheaper and greener. This includes letting you speak to a human when you have a question, and making sure everything is really straightforward – you can switch in two minutes!

For this reason, they have great customer reviews in comparison to many leading energy companies, with their simple, contract-free policies and green tariffs praised regularly. Read a Bulb business energy review today to see for yourself!