With the great rise in energy prices over the past few years the cost of electricity has sky rocketed and running a business has become an even more expensive job than ever. With time and money being both extremely precious commodities to any business owner, it is hard to know which to put first. Taking five minutes to fill out your electricity bills and fill in the online comparison forms may not seem like your time well spent, but if saving hundreds of pounds a year seems more important than losing those few seconds you should compare business electricity prices now. It really could help you save a small fortune.
In 2003, the average British Gas households were being charged £534 to fuel their home. Today, that number has doubled, regardless of economic climate and the Double Dip Recession hitting both consumers and business hard. Energy prices have overlooked all that and continued to rise, and not even particularly steadily. So if you are running a business, the prices are relative…you will be spending a lot more on your electricity than the average consumer so now is an opportune moment to switch, or least do a little research and see if you really are on the best deal.
The simplest way to do that is the comparison site. Despite the energy provider paying a commission to the site for appearing on there, thus raising the likelihood of a small extra charge to the final quote you receive to make up for that, it really is the quickest way to get a good overall view of the energy market. There are several options of tariffs usually available including Fixed Price, Standard and Online discount/Variable price tariffs. Fixed price sets the price you will pay over an agreed time period; standard has no exit fees if you wish to switch mid contract but because of this are usually higher in price; and the discount/variable tariffs generally offer the cheapest available rates but have cancellation fees if you wish to switch and your prices won’t be protected as with the fixed-price option. So it depends whether you are after ease of a fixed price and an unchanging tariff, or you’re an on-going money saver who will want to jump ship as soon as a cheaper option comes along.
Before doing the comparison form it is always best to have your last bill/bills for the year in front of you so you can get an exact comparison and ensure you really are getting the best deal for your business. Also make sure you know what tariff type you are already on so that you get a real like-for-like comparison as opposed to just taking the cheapest option which may not ultimately be right for your business.
Finally, if in doubt call the company and ask to speak with someone over the phone to do the comparison. All these sites have customer care centres now so there is no excuse not to check your bill and save.
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