What if I told you that you could slash your business energy bills by up to 50%? You’d be intrigued I’m sure.
What if I told you that you wouldn’t have to change supplier either, unless you really wanted to?
You don’t need me to tell you that keeping your energy costs low is an important business move at any time. And that in tough times such as these, it becomes even more crucial.
In this post, I’m going to let you into one of the best kept secrets of the business energy market which allows business energy brokers to line their own pockets. I’ll show you how to avoid paying over the odds for your energy and utilities by sourcing the cheapest business rates in the UK today.
Are business energy brokers costing you more?
Lots of companies in the UK enlist the services of business energy brokers in the mistaken belief that they will provide access to cheaper energy rates. However, even with the “help” of these brokers, most companies still end up paying way over the odds for energy.
In theory, business energy resellers and brokers should inform you of the cheapest business energy rates and the best tariffs available in your area. But this isn’t always the case.
More often than not, here’s what happens:
In order to win contracts, business energy brokers tell you that they’ll beat your current rates. They do this by asking you for a copy of your company’s last bill to determine an appropriate uplift charge while ensuring you get around 10 to 15 percent off your bill. Sound familiar?
The thing is that, most of the time, this simple calculation isn’t the ‘best rate’ for you. You could’ve gotten, say, 30% off by working with a transparent business energy solution provider that publishes the best available deals and tariffs instead of asking for your bill to marginally beat the current rate you’re paying for business energy.
Energy and utility suppliers give brokers access to wholesale rates which are significantly cheaper than what companies like yours will end up paying for the same services. These brokers make money by adding a hefty uplift to the rates before selling on to you.
In my opinion, this lack of transparency in energy rates and pricing is the most overlooked red flag in today’s business energy market.
Makes your blood boil, right?
So, the short answer is “Yes”, business energy brokers are probably costing you more.
How to reduce business energy and utility costs
Now, you might be wondering how you can combat the lack of transparency in the business energy market while reducing your energy and utility costs.
For starters, you should look for a provider that doesn’t decide what rate you get based on your past bills. Instead, the business energy provider should engage with you and inform you of the best wholesale tariffs available in your area.
We’ve set up a new “business energy” service for our customers to help them access tariffs that, up until now, have been hidden away from them.
Since changing providers can be difficult, our first goal is to provide you with a better rate from your current supplier. And, if you’re happy to look at alternative suppliers after that, we’ll also share other deals and tariffs available in your area.
The difference between our new service and that of your typical energy broker is that we’ll show you the full range of energy tariffs available to you. The table will give you a detailed breakdown of the exact unit rate from each energy supplier, the standing charge, and any fee we might add on to the rate. This way, you’re in a better position to make an informed decision and choose the tariff that suits your needs best.
Basically, what this means is that you can effectively reduce your month-to-month business energy and utility costs, in some cases, without having to switch from your current supplier. This is especially important for startups and SMBs in the UK that are struggling to stay afloat as the COVID-19 crisis deals a blow to businesses.
Features to look for in a business energy and utility provider
So, how do you find the right business energy provider?
Here are some of the key features you should look for if you’re thinking of hiring a business energy & utility broker to source the best rates for your company.
#1: Access to business energy and utility rates
Perhaps one of the most important things you need is access to accurate business energy and utility rates in your area of operation.
Here’s the deal: resellers and brokers don’t always give you the best possible rates. Good business energy solution providers, however, inform you of the cheapest business energy rates and available tariffs in your area so you can choose the best tariff for your business.
Ideally, the tariffs they share with you are detailed and include up-to-date details about the:
- Business energy supplier
- Term of the contract
- Start date
- Payment options
- Any additional charges
Armed with this information, you’re in a better position to evaluate the charges and make an informed decision on which supplier best suits your business needs.
#2: Simple evaluation process
Here’s another characteristic of good business energy solution providers:
Instead of asking for a copy of your last bill, good business energy providers ask you for the minimum information they need to find the cheapest business energy rates for your company. Generally speaking, this means your company’s location or area postcode.
For example, we’ll ask you for your company’s area of operation and run it through our platform to see which providers offer the cheapest business energy rates along with information on how much you’ll save. You can use this information to get a better rate from your current supplier or explore alternative suppliers in your area.
If you think about it, you get more options in exchange for much less information.
And, last but not least, good business energy solution providers are transparent with their rates and charges.
One of the standout benefits of using our platform is that you can rest assured you’ll be getting services from fully-licensed utility providers. Not to mention, it provides a business energy tariff table in the interest of transparency which includes a detailed breakdown of the cheapest rates and charges.
In addition to this, the service doesn’t lock you in with one energy supplier and one price for a long contract period. You can choose to sign up for a 12-month contract period if you prefer. The best part is that the business energy rates you sign up for will be re-evaluated once it’s time to renew your contract.
This way, you can rest assured that you’re always getting the best deal for your business.
Grab the cheapest business energy rates
Our aim is to help you find a better rate than what your current supplier or energy broker is offering. We’re sick and tired of UK businesses not being given access to the cheapest rates available, which is why we’ll be the most transparent and honest source of rates and information in the business energy market.
Looking to reduce your business energy costs? Just call us on 0800 3101010 or send us an enquiry via our contact form. We’ll explain the service in more detail and show you how you can quickly start accessing the UK’s best business energy tariffs.