BUSINESS ENERGY SUPPLIERS

Whether or not a business electricity supplier is the best choice for you depends on a few things. Firstly, a lot of modern suppliers, such as Yü, will offer better deals to microbusinesses and smaller businesses. This means larger businesses would be better looking elsewhere.

The best way to find the best supplier for your needs is to compare business energy providers available within the UK. Take into consideration what their values are and whether they align with your businesses values.

For example, one company may value renewable energy whereas another may be on the lookout for the cheapest business energy deals. Finding the best supplier for you doesn't have to be a struggle, use our online comparison services to determine which provider is best for your business!

There are a few factors that come into play when it comes to determining how long it will take to switch to your new provider. On average it can take anywhere between 3 to 6 weeks to fully transfer your supply from one provider to another.

When arranging the change, try to ensure all the details you have provided, such as meter readings, are accurate and up to date. This will prevent any erroneous details from causing a delay and will help your new provider set up your supply with minimal fuss.

If you are leaving your current supplier before the contract date has ended, you may be required to pay some fairly high exit fees. This means you may want to reconsider switching supplier until your current contract has ended.

However, it may still be worth it if the exit fees combined with the new providers' tariffs combined is still cheaper than your current business energy bills. Always weigh up the costs before switching business energy provider.

As COVID-19 has affected millions of people around the globe, it has taken a massive toll on the energy industry. With so many supply chains slowing down demand, and fewer planes requiring a fuel supplier as they remain grounded - business energy providers have been hit pretty hard.

However, with the end of COVID-19 within sight, suppliers and energy experts have banded together to ensure that the energy business can still provide their customers with regular gas and electricity. One of the biggest changes is that a lot of suppliers are now placing a larger focus on green and renewable sources.

Some of the largest business suppliers in the UK, such as British Gas and Scottish Power are trying to convert their supplies into renewable sources. So although the COVID-19 situation has been devastating, it has highlighted a few areas where improvements could be made for the future.

As long as all the details have been processed correctly and you have supplied your new provider with the information they need - there should be no disruptions to your supply when switching energy provider. Almost all of the work will be completed remotely, which will limit any potential disruptions massively.

The only disruptions that you may face are if you don't provide all the details your new electricity and gas supplier requires. You should always ensure that any potential problems have been solved before the transfer date to limit the likelihood of there being any disruptions.

You don't want your business to suffer due to some misplaced paperwork or incorrect gas and electricity readings.

A supplier will use two measures to determine the price of your business energy tariff. These charges are:

• Standing Charge: This is the price you will need to pay daily, regardless of your energy usage to access the electricity provided by your supplier. This standing rate will be easy to find on your bills as will be decided on before you agree to any contracts. Most businesses will pay the same standing charge.
• Unit Rate: This is a measurement of how much you pay per Kilowatt Hour of electricity you will use. For example, if your unit rate is 7p and you use 100 kWh you will be charged £7 for that usage. You will usually receive a different unit rate for night time use and day-time use so always keep that in mind when using electrical appliances.

These are the most common factors used to determine how much you pay either monthly or yearly depending on what you and your supplier have agreed on. When choosing flexible contracts, these rates may change depending on the current market price whereas a fixed tariff will always offer the same standing and unit rates.

More often than not, energy suppliers tend to class charity or non-profit businesses as a small business. This means the charges will be the same as a small business no matter how large it is. However, charities are entitled to a V.A.T reduction of 15% when it comes to their energy supply.

However, a lot of energy suppliers in the UK do not automatically apply this V.A.T discount so you should always alert them to it where possible. If you leave it too long and you are a valid business, then you may need to pay more than you should.

Try to alert your supplier to this before you sign any contracts. If you notice this too late, you should be able to contact your business energy suppliers directly and fix adapt any charges to accommodate for this.

With so many competitive business gas and electricity suppliers out there, it can be hard to find the right one to suit your needs. Below are just a few of the most popular options currently available in the UK for all your gas and electricity needs:

• British Gas: Ideal for larger businesses looking for a trusted electricity and gas supplier. Perhaps the most popular choice throughout the UK
• Octopus Energy: A smaller, newer energy supplier whose main focus is on green energy. Perfect for small energy-conscious businesses.
• NPower: Another big name in the UK energy supply market. One of the largest and highly rated suppliers available.
• Bulb: Offering adaptive prices that move with the markets, if you don't want a fixed-rate then this is an ideal choice.
• Scottish Power: Another big name when it comes to electricity suppliers - ScottishPower are ideal for large businesses looking for a standard rate.

There are an incredible amount of business gas and electricity providers, more than just the few we have outlined above. Be sure to compare business energy

Firstly, you should alert your current business energy provider as soon as you can. They will need to transfer your supply to a new building, so the sooner you alert them to your move, the sooner they can set up your gas and electricity supply.