- 1 Be Aware of Your Existing Tariff Rate
- 2 Know Your Contracts End Date
- 3 Be Aware of Contract Length and Terms
- 4 Research Business Energy Suppliers
- 5 Read Customer Supplier Reviews
- 6 Find Out Your Business Electricity Profile Class
- 7 Be Aware of Your Business’ Current Consumption Usage and Pattern
- 8 Have Your Business Electricity and Gas Supply Numbers on Hand
- 9 Good Credit = Good Prices
- 10 Consider How Your Payment Options
- 11 The More Suppliers You Compare the Better
The most convenient, accurate and effective way to ensure you get the best deal for your business gas and electricity is to request quotes. Getting business energy quotes allows you to find out how much a supplier will charge you based on your needs and their latest prices/ current deals. We recommend using a price comparison site like this one in order to compare a range of suppliers with ease.
By using our site, you can compare a range of suppliers in just a few minutes and find the best business gas and electricity deals for your business. There’s a few key pieces of information you should have on hand to most benefit from requesting business quotes, we’ve listed them below:
Be Aware of Your Existing Tariff Rate
It is essential to know what your current tariff rate is as this allows you to compare the quoted prices to your current situation and ultimately find the best business quotes for you. If you do not know what your current tariff is, you can take a look at your most recent energy bill which will provide you with key details or you can call your energy provider and they’ll be able to tell you your current tariff details.
Know Your Contracts End Date
A large number of people do not know when their current contract is due to end, however, you should receive a notification from your supplier 42 – 49 days before your tariff comes to an end. It is important to know the date your contract is ending and the termination period and terms. Your tariff end date can be found on your latest energy bill or by calling your energy provider. When you know the end date and the termination requirements, you will be in a far better position to request energy quotes and start planning your energy switch.
Be Aware of Contract Length and Terms
Contracts can last anywhere between 1 and 5 years, the contract length can impact the cost but it is important to know that although longer contracts can come with better prices they also come with large penalties and fees should you wish to terminate your contract before the end date. Keep in mind when requesting gas and electricity quotes that the contract length will have an impact on the price. With that said, if you have a new business, it is a better idea to choose a shorter contract term as this will allow you to see your energy usage and costs as well as your businesses financial stability without the risk of penalties etc.
Research Business Energy Suppliers
There are a large number of available business energy suppliers. The big 6 may be the most well known and widely used suppliers (e.g. british gas quote/ eon quote/ SSE quote) but this does not mean they offer the best deals. Take a look at the smaller companies and what they are offering. Don’t be surprised if you find better rates, more options and a more personalised experience. We compare more than just the big 6 so you can have a good idea of the options available to you.
Read Customer Supplier Reviews
After you have requested business electricity quotes or business gas quotes and you’ve found a supplier that is offering great rates, the next thing to do is take a look at their customer reviews. Head over to a few of the trusted review sites such as Trustpilot and see what real customers are saying, to save you time, we have also added in TrustPilot and which reviews around our site. Just because a supplier is cheap does not mean they are offering the best services.
Find Out Your Business Electricity Profile Class
Your business electricity profile class is based on your electricity consumption pattern and load profile. There are currently 9 classes with profile classes 05 – 08 now required to use half hourly meters. By knowing this, you can make sure you choose the right energy tariff option for your business.
Be Aware of Your Business’ Current Consumption Usage and Pattern
Use your past energy bills to give you an idea of your business’ energy consumption. By understanding the patterns of your usage, you will be able to find suppliers and deals that suit your needs. Every business will have a different energy usage and energy profile, by understanding yours you can more easily find the best deals for you.
Have Your Business Electricity and Gas Supply Numbers on Hand
When requesting gas and electric quotes, you should have your supply numbers on hand. Your business gas supply number is called your Meter Point Reference Number (MPR for short). This number can be found on your latest gas bill and is comprised of 10 numbers.
Your business electricity supply number is called your Metering Point Administration Number (MPAN for short). This number can be found on your latest electricity bill and is found next to the big S on your bill.
These supply numbers are important for the energy company to confirm your details and check these meters are in good standing.
Good Credit = Good Prices
In order to get a great energy price, you need to have good business credit. This is because the energy company wants to be sure you will pay the bills without delay or issue. The supplier may carry out a credit check before you are offered their best rates so to keep your costs downs and get the best deals make sure you have a good credit score.
Consider How Your Payment Options
Energy suppliers often offer a couple of ways to pay their bills. The majority of suppliers offer a discount for customers willing to pay via direct debit. Find out about any deals related to the method of payment to make the most of any potential savings offered.
The More Suppliers You Compare the Better
Last but certainly not least is to get a lot of quotes. When requesting business electricity and gas quotes it is best to compare a range of suppliers. This allows you to really compare the available options and find the best deal for your business. Don’t limit your options by sticking with one supplier e.g. british gas request a quote or good energy quotes, compare them all in moments.
To help you enjoy lower rates with ease, we can compare a range of UK business and gas suppliers for you. Simply fill in our form, we will contact you and find the best deals across over 20 suppliers tailored to your requirements in just a few minutes.