Compare Business Energy Prices

If you haven't shopped around for the cheapest deal already, yes. Businesses can save up to 40% on their bills by comparing deals with Love Energy Savings. (*40% average saving can be achieved when compared to your energy suppliers standard out-of-contract deemed rate).

A fixed term tariff is a contract that sets out how much a business will pay for its energy. This includes a specific price per unit for the gas or electricity a business uses, as well as a daily standing charge that's payable regardless of how much energy a business consumes.

The cost per unit and standing charge will not change for the duration of the contract, with these deals typically lasting anywhere between one and four years.

On a flex approach contract, a business can take advantage of favourable energy market activity by purchasing energy for the months ? or years ? ahead, usually when costs are low.

However, this can be a risky strategy if a business is caught out of contract when energy prices are high.

For busy business owners, it can be difficult to find the time to dedicate to running a thorough comparison or to switch tariffs.

The good news is that there is help available ? even to the busiest of business owners. Through the services of a business energy broker, not only can they help you save money by switching your contract, but they can even save you time.

One short telephone conversation with one of Make It Cheaper's business savings experts is all it takes to learn enough about your business's needs and consumption habits to obtain market wide quotes on your behalf. This means you can have a view of the deals available to you within minutes, and our savings experts can even advise you on the deals that best satisfy your business's needs.

There's no quick self-service way to compare business energy quotes and switch to a better deal. However, there are third-party intermediaries (TPI), like Make It Cheaper that operate to make the process a lot smoother.

Switching your business energy can be both easy and pain free with the help of a TPI. Once the process is underway should take you around 4-6 weeks on average from start to finish. Switch times can however, be impacted by the circumstances of your own business.

When deciding on a new tariff, it's important to think about your personal business circumstances, as well as price. Most contracts operate on a one, two or three year basis and can be fixed or variable with different payment arrangements attached (direct debit, pay on receipt of bill etc), so it's worth considering what structure is going to work best for your business.

Customer service satisfaction scores may be another element to consider when choosing a new deal as it will impact on how quickly and easily any issues will be resolved, should they occur.

There are two main rates that make up your business energy prices ? a daily standing charge that you'll pay regardless of how much energy you use, and a set cost for each unit (kWh) of energy your business consumes.

The price you pay per unit will depend on your contract's terms, which is why it's important to run a business energy comparison to find a contract that properly suits your business's needs. A thorough comparison will also help to ensure that you're not overpaying on your business energy rates.

Other than ensuring you're on the most competitive contract, being energy efficient is the other major way to reduce your business energy costs.

From utilising low-consumption appliances, energy-saving light bulbs and good insulation to instigating changes to the way you and your employees use energy, it's possible to ensure you use only the energy you need.