Commercial electricity prices

With commercial electricity bills on the rise, there has never been a better time to compare business electricity prices. "There's a grim predictability about Britain's energy suppliers" says Consumer Focus referring to their "inevitable talk of higher bills". Carbon reduction commitments and the looming 'Energy Gap' means the days of cheap energy may be over but there is still a massive 3-fold difference between the most expensive and the cheapest commercial electricity prices.

Basically if you are a business and waiting for your supplier to miraculously drop your commercial electricity costs… don't hold your breath. Firstly, most businesses are on fixed commercial electricity tariffs so anything you read about price changes won't affect you as a business until your contract is up for renewal - on the one, two or three year anniversary since you entered the initial agreement. Secondly, if your renewal date is approaching (and the majority of businesses are on one year contracts so dig out the paperwork now and find out when it is) the likelihood of seeing any reduction is, frankly, remote.

Take one of our customers as an example: Nick Horne from The Pier House Hotel near Fort William on the West Coast of Scotland contacted Make It Cheaper after receiving a renewal notice from his supplier. The letter informed him his commercial electricity prices were about to go up from an already-expensive 14 pence rate up to an eye-watering 32 pence per unit. The cheapest alternative supply we could find him at the time was less than a third of the price at 9 pence per unit.

Stay with the same supplier year-on-year and you will inevitably pay the price but play them at their own game and you can stay on the best business electricity prices indefinitely. In other words switch - or at least compare the market for 'new customer' prices - as often as your commercial electricity contract comes up for renewal.

Our Price Checker tool provides you with a good indication of how fairly you are being charged at present by suppliers, but we cannot stress enough the importance of finding out when your contract is due for renewal. Ideally, you also want to find out what renewal price is being proposed by your commercial electricity supplier so that we can accurately compare it against the lowest available going forward. To find out how much you can save by switching, please get in touch and one of advisors will be happy to help.