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Along with the hard work of both you and your staff, your company runs on energy. And it’s easy to end up overpaying for your energy by simply not being engaged with your contracts, being unaware that there’s a better business electricity quote and business gas quote on offer, or neglecting to compare business energy brokers to find one that will give you the best prices.
- Why use a business energy broker?
- How much should your business be paying for energy?
- How much could a business energy broker save your business?
While energy might be a non-negotiable element in your business, the amount you pay for it doesn’t have to be. Switching energy tariffs can be an easy way to cut your bills and good energy brokers for business can help you to do this.
Business energy customers must contact suppliers for bespoke quotes. What’s more, they must get a separate business electricity quote and business gas quote from each supplier since dual fuel commercial tariffs aren’t available.
If, like many business managers, you simply don’t have the time to navigate the whole process yourself, a business energy broker can help in the following ways:
- Energy brokers for business can gather both a business gas quote and a business electricity quote from a range of suppliers on your behalf.
- Compare business electricity brokers and business gas brokers to find one with access to a wider choice of deals than you would find online.
- An expert business energy broker can find you a tariff that works for your specific needs, handle all the paperwork involved in switching contracts.
- Energy brokers for business are skilled negotiators and may be able to get you a better deal than you could secure yourself.
Before you compare business energy brokers, bear in mind that there are certain brokers that specialise in different areas, such as green energy or a specific business industry. For most companies, it’s best to use a business energy broker, or price comparison site, with access to a large range of different suppliers.
In short, there’s no easy answer. A supplier needs to factor in a lot of different things when designing a bespoke quote, including:
- The type of business often dictates the energy usage pattern. Businesses that consume most of their energy when there is less demand from the network will have lower rates.
- Your business’s credit rating can impact the overall cost of your energy and the suppliers available to you.
- The amount of energy your business uses in a year. A higher volume normally means a lower price. But if unit rates decrease, the daily standing charge can increase. Always check your overall offer for the cost incurred for a full year rather than unit prices.
- The size of your business determines your energy buying power. If you compare business gas brokers and business electricity brokers, you’ll see that there are some that specialise in group energy buying services for small and medium businesses, but they’re rare.
- Location.Energy prices vary around the country. Scotland has some of the highest prices in the UK, whereas the Midlands some of the lowest.
- The length of your contract. On average, each year you extend your contract adds an additional 6% to the unit cost whilst 2%-6% is deducted from the standing charge. Negotiation plays a part in determining contract length so it’s important to both compare business electricity brokers and compare business gas brokers to find a representative that’s a leading expert in their field.
- Using the same supplier for electricity and gas may get you a discount. This is another reason to properly compare business gas brokers and business electricity brokers to find one that works with many different suppliers.
Because of all the different elements involved, business energy prices will vary if you compare business energy brokers, suppliers and types of businesses. There’s no definitive answer but we’ve compiled a list of average figures to help you get a rough idea of how much you should be paying for your business energy according to company size. You should keep this in mind when you come to compare deals.
Average business electricity prices
| Business size | Unit cost | Standing charge |
|---|---|---|
| Micro business | 12.5p per kWh | 27p per day |
| Small business | 11.0p per kWh | 25p per day |
| Medium business | 10.5p per kWh | 22p per day |
Average business gas prices
| Business size | Unit cost | Standing charge |
|---|---|---|
| Micro business | 4.1p - 4.5p per kWh | 23p - 26p per day |
| Small business | 3.8p - 4.0p per kWh | 21p - 22p per day |
| Medium business | 3.5p - 3.7p per kWh | 18p - 20p per day |
Please note: These figures are based on industry averages and are only intended as a guide. There are many contributing factors that impact the amount that you pay for your business energy, including consumption habits and the location of your premises.
How much you could save using the services of business electricity brokers and business gas brokers depends on the price you’re currently paying. But if you haven’t switched tariffs recently, you’re likely missing out on substantial savings that a great business energy broker could help you to get.
At uSwitchforBusiness, we work with energy suppliers from across the whole market, from the big six to smaller providers. If you compare business energy brokers, you’ll see that uSwitchforBusiness always makes sure you get the full picture. And if you're not within your renewal window, we can monitor the situation and get back in touch with a great business gas quote and business electricity quote when the time is right.
Give us a call today on 0800 188 4930 to find out how much you could save.