Every business should compare business utility quotes when their providers approach for contract renewal. This ensures you’re not overpaying for your business gas supply. However, without exploring all available options, how can you be certain you’re getting the best rate for your specific needs?
Contact Utility Provider Directly
It’s best to compare as many business utility providers as possible. Call them to find our what prices and contracts they can offer you. But this can be time-consuming. If you don’t have much time to do this yourself, consider leveraging the expertise of the Business Utility Hub team.
Use Energy Price Comparison Websites
Price comparison websites can be helpful for checking different utility providers’ tariffs.
While business gas comparison sites can simplify the process, be cautious as they may not include all providers, limiting your options.
Also, keep in mind that not all websites cover the same utility providers or show the latest deals. Some may even feature outdated offers, so it’s wise to verify the information you find.
Understand Business Gas Rates
Understanding business gas rates is crucial for maximising cost savings and enhancing profitability. Calculate the total cost of potential deals over the contract duration to ensure they truly offer savings. A lower unit rate might seem appealing, but if it comes with a high standing charge—paid to the National Grid—you could end up with a higher overall bill.
This could render your search for a competitive utility provider fruitless, locking you into a contract for 12 months.
Using an Energy Broker
A practical next step is to gather your gas bill and consult an energy broker. Signing a ‘letter of authority’ allows your broker to act on your behalf, enabling them to obtain quotes from various gas providers. Brokers can analyse your existing gas bill, identify cheaper energy tariffs, and tailor tariffs to your energy consumption.
Comparing Energy Contracts
When reviewing contracts, pay attention to:
- The unit price of energy
- Any additional costs
- Contract duration and exit fees for early cancellation
- Notice period required to end the contract
- Broker fees, if applicable
Switching Utility Provider
If you choose to switch utility provider, notify your current provider as soon as possible. Confirm your new contract and the date of the energy takeover. Be sure to take accurate meter readings on the switch day and send them to both your old and new providers.
Let Us Help You Find the Best Business Gas Prices
At Business Utility Hub, we specialise in securing competitive business energy rates for businesses. Complete our simple online form for a business utility quote, and our friendly team will compare utility providers and tariffs on your behalf. Contact our friendly team and start saving today!
