Electricity Price Comparison for Business Users
Luckily for business owners the retail market for electricity is extremely competitive. PowerExperts EnergyMax™ can quickly negotiate competitive prices for your business that could provide substantial savings on your current renewal letter.
Get an online electricity quote for your premises
Through our extensive relationships with the utility companies, we have access to exclusive market leading deals. Our brokers have negotiated long-term tariff reductions that we can pass onto you.
1) Obtain Today's Latest Prices
You can obtain current pricing information at any time during your contract. However, you can only switch once you have terminated your current agreement (information here).
Once termination occurs, you can switch providers and avoid costly rollover contracts. Ensure you switch in time otherwise you'll incur expensive "out of contract" rates.
2) Fixed Your Rates for One to Three Years
All contracts operate on fixed rates for a fixed duration. SMEs can choose between one, two and three-year deals with a 6% premium for each additional year.
Extending your contract to a three-year term protects you against future increases in wholesale prices over the entire duration of your agreement.
Many companies and individuals complain their bills are inaccurate because of estimated meter readings. All buildings with half hourly meters are exempt from these issues as their meter is automatically read every 30 minutes and billed directly. Investing in invoice validation software can automatically check your invoices are accurate from both a consumption and contract viewpoint.
For the majority who don't have half hourly electricity, there are steps to ensure your bills are accurate.
Check Your Bills
Standard electricity bills are fairly straightforward to understand. Your invoice reflects your consumption of energy in kWh and is read directly from your meters between two dates. The example below shows a previous meter reading of 40,288 and current reading of 45,081 providing consumption of 4,793kWh.
The consumption is multiplied by the unit rate (in this case 11.49p) to provide the charge. How many kilowatt hours are used is based on the appliances and electrical devices you have at your premises. Light bulbs use about 81kWh per year with a computer using 504 kWh per year.
Provide Meter Readings in Your Account
Accurate meter readings and account management provide the most accurate invoices. High consumption buildings have their meters automatically read while the majority of companies have physical readings undertaken by a qualified representative of the energy provider. It's vital you read your own meters and enter the data into your online account as shown below.
Your online account will show previous readings to help manage your consumption. Direct debits will be automatically adjusted based on your consumption data.
How Can I Check the Whole Market?
Sometimes it's not all about getting the cheapest prices. You may require management software, UK customer services, online account management, itemised billing and accurate invoices. All suppliers we deal with have UK based customer services and allow you to enter meter readings online. They also provide excellent energy efficiency information to help cut usage and consumption.
To compare prices for your business either complete the online quote form or call our team on 0844 472 1567.
What Steps are Required to Switch Contracts?
Switching to a new supplier, or even just to a new contract, is easy. Once you have chosen your new tariff, your selected provider will complete all the paperwork for you. During this process, there is no loss or interruption of the supply of your energy. Once switched, your new contract terms take effect from your next invoice.
Do Prices Differ During The Year?
The wholesale market for UK electricity fluctuates on a daily basis depending on demand on the National Grid. A quote today may not be at the same price next week. Seasonal demand also increases or reduces supply and rates. By using our specialist knowledge, you can gain access to live market pricing data and the optimum time to bid for your contracts.
Our advisors can also manage your switch. We provide a free, no-obligation service to UK businesses online and on 0844 472 1567, Monday to Friday, 8am to 6pm.
What are Typical Prices in the Market?
You may be offered very low rates by some brokers, although larger users usually receive the cheapest tariffs. For SMEs, unit prices are, on average, 9.5p/kWh with a standing charge of 25p/day. All businesses pay VAT at 20% on their energy bills (against residential customers who pay 5% VAT).
For SMEs with 03 type meters with an average consumption of 15,000 kWh per year we have achieved the following recent prices:
- Unit price of 8.68p/kWh with a standing charge of 23.70p/ day
- 9.07p and 24.23p
- 9.25p and 23.64p
- 9.03p and 23.61p
For our last 20 customer quotes the average unit price was 9.39p per kWh with a daily standing charge of 22.59p. The average annual bill is £1,476 plus VAT. A recent customer on a 04 type meter with an annual consumption of 25,000 kWh per year got 6.74p/kWh with a daily standing charge of 23.34p which is one of the lowest contract rates we've seen this year.