Business Energy

How to switch and save money on your business energy tariff

6 Sept 2021

Your commercial gas and electricity supply is crucial for keeping your business up and running. But are you paying more for it than you need to? We’ve partnered with Love Energy Savings to help you switch and save money on your business energy tariff today.

Green energy wind turbines

Switching to a better business energy deal used to be much more complex than switching to a different domestic energy supplier. Commercial contracts are different and there isn’t the option to combine electricity and gas into one tariff. 

Many of the cheapest business energy tariffs aren’t available directly through suppliers either, which is why it’s always worth using a business energy comparison tool. As a commercial customer, you could save hundreds of pounds a year by making the switch. 

You’d be happy to know that it’s never been easier to find a better energy deal. If you’re ready to make the switch now, find out what deals your business could be eligible for today.


What business energy tariffs are available?

Unlike some domestic tariffs, business energy tariffs are designed to fit the needs of individual businesses. Suppliers will provide you with a tailored quote based on their assessment of your company and how much energy it consumes. 

Like every business, each energy quote is unique.

Some business owners are put off from switching energy deals because they think they need to approach each supplier separately in order to get a quote. 

The reality is most businesses don’t have time to do this, while others aren’t quite sure what a good deal looks like in the first place. That’s where comparison platforms come in. 

Our partners at Love Energy Savings are experts in finding businesses like yours the best energy deal. Their experts are on hand to run quotes on your behalf and match you with the best energy deals for your business. 

Of course, it always helps to have a basic understanding of the terminology before you start your search. The most common energy tariffs offered to SMEs are as follows:

Fixed rate tariff 

With a fixed rate energy tariff, you’ll pay the same amount to your supplier throughout the term of your contract (typically one to five years). While fixed rate tariffs are usually competitive, you should compare business energy quotes to ensure you get the best deal. 

Variable rate tariff

The amount you pay for a variable rate tariff fluctuates in line with the energy market. This means you’ll pay less if market prices fall and more if they rise. In this sense, they can be unpredictable and carry a certain amount of risk.  

Deemed rate tariff 

A deemed rate tariff is what your business moves onto if it doesn’t agree to a new contract with its existing supplier when its contract ends. It’s likely you’ll be on an inflated rate, but because deemed rates work on a 28-day rolling basis, you can switch at relatively short notice. 

Green energy tariff 

If you’re committed to becoming more environmentally friendly, it’s worth considering moving onto a green energy tariff. In doing so you’ll get a percentage or all of the energy supplied to your business via the grid from renewable sources. 

Electricity pylons

Save money by switching to a new electricity provider.

Getting the best energy deal for your business

It’s not foolish to presume that the best energy deal is the cheapest one. 

But while affordability is a huge deciding factor, it’s not the only one. If your selected supplier isn’t the best fit for your business, you may end up running into problems during your contract. And nobody wants to find themselves cut off or paying more than they can afford. 

Different suppliers offer different benefits, so it’s worth comparing a few options in order to make an informed decision. The experts at Love Energy Savings can help you do this. 

Generally speaking, you’ll only be able to switch energy suppliers when your current one reaches its renewal window. This is typically six months before your deal is set to expire. 

When your renewal window does arrive, your supplier should provide you with a renewal offer. However, it’s likely that these terms won’t be competitive, which is why it’s worth comparing new deals to see what’s on offer. 

Comparing quotes through us is easy:

  • Use the contact form to tell us your business premises’ postcode and the type of energy you’d like to compare (electricity or gas).

  • The experts at Love Energy Savings will provide you with a breakdown of the best tariffs – you can choose your preferred option and buy it online or over the phone.

  • You can rest assured in the knowledge that Love Energy Savings will handle the transition between your old and new suppliers on your behalf.

One of the best things about using our comparison tool to find an energy deal is that you’ll have access to an experienced business energy adviser. 

Their role is to source the best deals for your business and answer any questions you have about your switch. Because they work with suppliers to handle the transition, you won’t experience any disruption or energy downtime!


Stuart Lawson

Chief Commercial Officer

Stuart is Chief Commercial Officer at Funding Options where he plays a key role in driving the growth of the business and its relationships with more than 120 partners. A finance industry veteran, he has a strong background in alternative finance, corporate and commercial banking, as well as global transaction banking.

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