Compare business electricity suppliers

Yes, your credit score can have an impact on the business electricity quotes you can access. Business electricity suppliers often assess the creditworthiness of businesses before offering quotes or entering into business electricity contracts. A higher credit score may make your business more attractive to suppliers, potentially leading to access to a wider range of options and better pricing terms when you compare business electricity. Conversely, a lower credit score could result in higher prices or require you to pay a deposit to secure a contract. Suppliers may view businesses with lower credit scores as higher risks, leading to increased costs or additional financial requirements. Therefore, maintaining a good credit score can help businesses access more competitive electricity quotes and improve their negotiating position with suppliers.

Singing a Letter of Authority for your business electricity contract enables efficient access to sensitive information, facilitates tailored quotes, and empowers expert negotiation to secure the best possible electricity deals while ensuring compliance with regulatory requirements and industry standards.

A deemed business electricity contract, also known as an out-of-contract or default contract, occurs when a business begins using electricity at a premises without having agreed upon a formal contract with an electricity supplier. In this situation, the business is automatically placed on a deemed contract, which typically entails higher rates and less favorable terms compared to negotiated contracts. Deemed contracts are usually temporary arrangements until the business either switches to a negotiated contract with the current supplier or selects a new supplier. It’s important for businesses to actively manage their energy contracts to avoid being on deemed contracts for extended periods, as they can result in higher costs and less flexibility. To avoid this, businesses should actively compare business electricity contracts to find the most suitable options for their needs.

An MPAN (Meter Point Administration Number) serves as a distinctive identifier allocated to electricity metering points across the UK. This number is crucial when assessing business electricity suppliers as it precisely indicates the meter’s unique identification.

Your MPAN can be located on your business electricity bill, usually referred to as the “Supply Number” or “Meter Point Administration Number”.This information is essential when you’re comparing quotes for business electricity.

A standing charge is a fixed daily fee that is applied to an electricity contract regardless of the amount of energy consumed. It is intended to cover the costs associated with providing and maintaining the energy supply, such as metering, network maintenance, and customer service. The standing charge is typically set by the energy supplier and is listed separately from the unit price of energy (measured in kWh) on the energy bill. While the standing charge remains constant regardless of energy usage, the unit price may vary depending on the amount of energy consumed.

kWh stands for kilowatt-hour, which is a unit of measurement used to quantify electricity consumption. It represents the amount of energy used by a device or system that consumes one kilowatt of power for one hour. In the context of comparing business electricity contracts, kWh is used to indicate the amount of electricity consumed over a specified period, typically measured in kilowatt-hours per month or year. This measurement is essential for understanding electricity usage and determining the cost associated with different contract options.

When comparing business electricity suppliers, you should consider the cost per kilowatt-hour, contract terms, customer service quality, renewable energy options, additional services, and the supplier’s reputation.

No, there will be no disruption to your electricity supply when changing business electricity suppliers.