Business Electricity Price Review
Here at Lockdownrefunds.com, we also offer free business electricity reviews for all our customers. We will complete a full breakdown of every aspect of your current energy supply agreement and service and give free independent utility advice.
We will contact your current electricity provider for all the information we require to complete our review. We research every aspect of your supply, including business type, usages, contracts, prices, C.C.L. (Climate change levy), and V.A.T., and try our best to find the correct solution for your business.
Click the ‘’Get Started’’ button below if you would like us to start our review.
How Do You Get A Better Deal On Your Next Business Electricity Contract?
Business electricity contracts can be a great way to save money on your energy bills, but only if you know how to get the best deal.
The first step is to understand your needs. How much electricity does your business use, and what type of contract would best suit your usage patterns? Once you have a clear understanding of your needs, you can start shopping around for the best offers. Be sure to compare prices, terms, and conditions before signing any contract. You should also consider the reputation of the supplier and their customer service record. By taking the time to research your options, you can be sure to get the best deal on your next business electricity contract.
Also, make sure you read the small print of any business electricity contract before you sign it. This will help you avoid any unexpected charges or fees. By following these simple tips, you can be sure that you’ll get a great deal on your next Business Electricity Contract.
What Details Do WE Need To Get You A Better Commercial Electricity Contract?
Business electricity is an area where businesses can often make great savings. We would need some basic information so we can provide you with a bespoke Business electricity Contract.
This would include your business name and address, Ltd company number (If applicable), annual electricity consumption, contract end dates of any Business electricity Contracts, and your MPAN (Meter Point Administration Number) which can be found on any of your current electricity supplier’s bills or invoices.
Once we have this information, we will be able to obtain Business electricity quotes from a range of commercial electricity Suppliers and find the best prices and terms for your Business. If you are happy with the electricity quote, we can then proceed to arrange the switch for you.
How Easy Is It To Switch Business Electricity Suppliers?
Switching business electricity suppliers is not as difficult as it may seem. In fact, the process is quite simple and can be done in a matter of minutes. The first step is to research your options and compare rates from different suppliers.
Once you have found a supplier that offers a competitive rate, you will need to contact the company and request a quote. Be sure to have your current electricity bill on hand so that you can provide accurate information about your usage. finally, once you have selected a new supplier, you will simply need to sign a new contract and start paying your bills at the new rate. Switching business electricity suppliers is a quick and easy process that can save your company money.
Why And When Should You Change Your Commercial Electricity Suppliers?
Commercial electricity suppliers offer businesses a variety of ways to save on their electric bills. When shopping for a new supplier, you’ll want to consider the type of business you have, your energy needs, and your budget. You’ll also want to compare the rates and services offered by different suppliers. Here are a few things to keep in mind when changing commercial electricity suppliers.
The first thing you’ll want to do is determine how much electricity your business uses. This information will help you find a supplier that can offer you the best rate. You’ll also want to consider your business’s energy needs. If your business uses a lot of electricity during peak hours, you’ll want to find a supplier that offers competitive rates for off-peak hours. You should also consider your budget when changing commercial electricity suppliers. Some suppliers charge monthly fees, while others require a deposit.
Be sure to compare the costs associated with each option before making a decision. Changing commercial electricity suppliers can be a great way to save money on your business’s electric bills. However, it’s important to do your research and choose a supplier that offers the best rate and service for your needs.
How Long Does It Take To Change Your Commercial Electricity Supply?
It used to take some time to change your Commercial electricity supply but now it can be complete within a few days, providing you are not in any sort of contract or debt with your current supplier.
Once you have chosen a new supplier, you will need to sign a new electricity supply contract. This process now only takes 2 days for the transfer to take place This is because of the new change over rules that were put in place in early 2022. Once your Commercial electricity supply has been swapped from your old supplier, it can take a couple of weeks to receive confirmation and can take over a month for your first direct debit to be taken out and the same to receive your first energy bill.
How Much V.A.T Will You Pay On Your Business Electricity Supply?
The amount of V.A.T. (Value Added Tax) that will be paid on the Electricity supply can vary massively depending on your business type, commercial premisses, and whether you live on site.
For some businesses, V.A.T. on Electricity is charged at the standard rate of 20%, and in other cases it is charged at 5%, just like a standard home or even at the zero-rated rate for multiple reasons.
If you live on the premises, for instance, you can apply for what is call a ‘’mixed use supply’’ reduction. Which means you are charged at 20% for your business use & at 5% for everything you use personally in your living space.
Charities and non-profit organisations, on the other hand, can be charged at a mixed rate, 5% or even zero.
To determine the amount of V.A.T. your business will be charged on your Electricity bills, it is essential to define the V.A.T. status of your business. Once you have determined this, the V.A.T. rate can be evaluated and applied at the correct amount for all the electricity used by your business. By doing this, businesses apply for correct amount of tax on their Electricity bills to be changed, or even backdated going back up to 4 years. Which can be a substantial amount of money.
Commercial businesses, in a lot of cases, have been charged at a higher, incorrect rate for many years. If this is the scenario, you can often be entitled to a V.A.T & C.C.L. (Climate Change Levy) rebate, and you will also be charged at this better rate for all future usage.
What Are C.C.L. (Climate Change Levy) Charges on Electricity?
C.C.L. (Climate Change Levy) is a government tax that has been charged on all business energy bills since 2001 when it was introduced in the United Kingdom.
C.C.L. (Climate Change Levy) is added to commercial energy for utilities, such as electricity, gas, and even coal. This was introduced to push U.K. based businesses to lowerer their carbon emissions.
C.C.L. (Climate Change Levy) is applied to gas bills at a rate of 0.568 pence per kilowatt-hour (kWh) and 0.775 pence per kWh for electricity and is always on the rise. They do go up every year.
You can reduce the percentage of C.C.L. (Climate Change Levy) you pay on your bills in several ways. You can accomplish this by:
- Signing up for a green energy tariff contract – which is usually much more expensive anyway.
- By reducing your carbon emissions – which often entails some sort of upfront costs, such as wind turbines or solar panels.
- Find out if your business qualifies for a reduced rate of C.C.L. – This is probable the bast way, due to there being no upfront cost, and it also regularly results in a cash refund.
If you do qualify for a refund, it means that you have been overcharged by your electricity supplier and, more often than not, entitled to a substantial amount of money being refunded to your account.
If you are successful with your C.C.L. (Climate Change Levy) refund, the money will be re-credited to your energy account as a credit, providing you are not behind on your bills, and can then ask for any credit to be refunded by cheque or directly into your business bank account.
How Can Lockdownrefunds.com Help You With Finding A New Business Electricity Contract?
How Can Lockdownrefunds.com Help You With Finding A New Business Electricity Contract?
Lockdownrefunds.com has a close working relationship with many U.K. utility providers and energy brokers, which means we can compare, and negotiate prices on your behalf. This saves you time, effort, stress, and money.
All our advice is given on an independent basis, as we are under no obligation to any utility provider or energy brokerage.
All our Utility Advisors have over 15 years’ experience energy & utility refund and pricing industry and all our clients are given their very own personal advisor, to save you the hassle of repeating the same conversations over and over, like is the case with most customer support teams.
All you need for Lockdown Refunds to start our free energy review is complete the ‘’information request form” or simply give us a call, and we will send you the necessary paperwork that needs completed for us to get in touch with your providers and gain the information we require to review your electricity supply details and try to find you the right contract for your business needs.
All our energy review services are completed total free of charge, as we are paid by directly by the utility suppliers and brokers. There will be no extra charges. It really is free.
How Much Does Business Electricity Cost?
Business electricity prices have gone crazy since the start of the Covid-19 pandemic, with electricity prices rising at an unheard-of rate. Commercial prices for electricity differ massively compared to domestic prices, and this is because commercial contract prices are not protected in the same way as domestic contracts, and domestic customers are.
Household customers are protected by governing bodies and government rules, whereas businesses are only protected by their current contract. If you have no contract, your business prices are at the mercy of the suppliers and influenced by many other outside sources.
How much you pay for electricity is determined by business size, energy usage, the number of workers, the type of Business, machinery, equipment, and even where geographically in the country your business is situated.
Commercial premises will also, usually have a standing charge added to their bills, which is a charge that is normally charged daily for having a commercial electricity supply to your building. This is to cover the costs for providing commercial electricity, with is for the upkeep of the national grid & meter reading, amongst other costs. These commercial electricity costs can be a heavy burden on your business, so it’s important for businesses to compare Business gas prices before signing up for an account.
You need to look around to ensure you are getting the best contract prices for your business. As a business owner, you need to keep a close eye on your usage and current electricity prices, or you risk overspending. To make an informed diction can be very time-consuming and a major headache for someone who is also trying to run a business, this is where we come in.
Businesses really need to keep an eye on what they are using to keep costs to a minimum. You could easily be wasting money by not turning off equipment or heating when it is not necessary, so it’s important to be efficient with energy usage. Companies that are efficient with their electricity usage can save as much a half on their electricity, simply by switching things off each night before they close.
What Is The Difference Between A Fixed-Rate Gas Tariff and a Variable-Rate Gas Tariff?
What Is The Difference Between A Fixed-Rate Gas Tariff and a Variable-Rate Gas Tariff?
Commercial electricity contract prices can be a complicated puzzle. Most businesses enter a fixed-rate electricity tariff contract; this means that your provider will charge you the same rate per kWh of electricity used for the entirety of the contract pricing period. This is normally done on an annual basis, but it can be majorly beneficial to enter a three or even a five-year contract, if the price is right.
Longer fixed-rate electricity contracts generally work out to be cheaper than variable tariffs in the long run, so it’s important to compare electric prices before you switch.
A variable electricity tariff means that your prices are not guaranteed and can go up or down at anytime and are based on the current electricity markets. This can go one way or the other, but it is a much riskier way for most companies, due to current global markets being very volatile at the moment.
To find a fair electricity price in this economic climate, it’s a must to compare electricity providers and prices regularly. By looking around, savings can be in the hundreds or even thousands of pounds per annum.
Can You Get a Business Electricity Contract If You Work From Home?
Businesses premises need electricity just like a home premise. In fact, commercial businesses use more electricity than homes do. This is usually because of the equipment they use. Commercial equipment is generally larger which simply means, higher costs.
If you do work from home, you can usually get a commercial contract if you wish to. But this is normally a terrible idea, as business contracts are often much higher than a domestic supply. So make sure to check the prices thoroughly before making any changes.
What Are Standing Charges And Should I Pay A Standing Charge?
Standing charges are charged by most electricity providers. Standing charges are for the upkeep of the national grid, such as repairs, workers’ wages, transport, and energy lost in heat from power lines.
Standing charges are applied to most businesses’ bills. Standing charges can differ hugely from supply to supply and supplier to supplier. Normally, houses pay less than businesses, simply because larger users, use the grid more. Commercial businesses are usually charged anywhere between 10p and £10 per day, varying due to the amount of energy used. Small places pay less, large places pay more, as a rule of thumb.
Even though nobody wants extra charges on their bills, in this case, it’s mainly a good idea. Most companies offer a no-standing charge option, but this is mostly an advertised ploy invented by suppliers.
No-standing charge options are often more expensive than just paying a standing charge because if you don’t have a standing charge, your unit prices will always be higher. The only time this is a good idea is if you are an extremely lower user.
What are Deemed Rates on Electricity?
Deemed rates are the prices charged by electricity suppliers if you are not currently in a contract for your energy. These prices are always higher than the prices they will offer you if you are willing to enter a contract.
Deemed rates can also be an introductory or rolling contract rate. Electricity providers use these prices to force customers into longer-term contracts. That is why they are so high.
If you are on deemed rates, please make sure to find a better deal. These prices can be as much as treble the rates you can get by looking around. Don’t just take your current provider’s word for it.
What Is A Green Energy Electricity Deal?
Green energy electricity deals are becoming increasingly popular as consumers look for ways to reduce their impact on the environment. Green energy is generated from renewable sources such as solar, wind, and waterpower, which means that it does not produce emissions or pollution.
Green energy plans typically cost a little more than traditional deals, but many consumers feel that the extra expense is worth it to help protect the planet. In addition, green energy deals often come with special incentives, such as bill credits and free Green-e certified products, that make them even more attractive. With the growing interest in green energy, it’s likely that we’ll see even more green electricity deals in the future.
What Else Can Affect Commercial Electricity Prices?
Commercial electricity costs can change at the drop of a hat. The reasons for this are as follows; business size, amount your business uses, global unrest, pandemics, war, and, last but not least, your electricity provider.
In the United Kingdom, business electricity prices are barely regulated. There are government initiatives to help commercial companies decrease their electricity outgoings. All these programs are based on lowering your carbon emissions, and often come with an upfront cost.
You can sometimes benefit from a varying range of taxation incentives, such as, Business Energy Saving Schemes. This means businesses can claim capital allowance on any energy-efficient equipment and lower their energy bills at the same time, but this still comes at a cost.
What Are Rollover Electricity Contracts?
Rollover contracts are one of the worse tricks energy suppliers have played on their customers. These types of contracts are a way of the company you are supplied by, holding on to its customers with sneaky tactics.
If you forget to cancel your contract before a designated date, you then get trapped in a legally binding contract for 1 to 2 years on prices that are always higher than what you can get with the same provider, just because you either, didn’t read the paperwork properly, or just forgot.
As a rule, you should always read the small print methodically to stop these things from happening, but to be on the safe side, you should always send in a letter of termination to your supplier at the earliest possible date. This is one of the tasks that we can do on your behalf as one of our valued clients.
The other type of common rollover contract is a 28-day rolling contract. This means you can go to another supplier at any time providing you give your current supplier 28 days’ notice. This type of contract also comes with added risk, as your supplier can raise your prices at any time.
Can You Get A Dual Fuel Discount?
Dual fuel discounts only really apply to domestic energy accounts. Business, Industrial, and commercial prices are drastically different depending on so many different aspects. This means that most energy suppliers will not offer any sort of deal unless their prices are already at an inflated rate.
What Is a MPAN (Meter Point Administration Number) For?
An MPRN (Meter Point Reference Number) is a unique electricity meter reference number used to identify a specific electricity meter. The MPRN can be found on any electricity bill and always consist of 13 digits. This number is used by electricity providers to guarantee they are supplying, billing, and pricing the correct meter.
This number is also used by the national grid to identify the correct meter when changeovers occur, and to arrange meter removals and repairs.
You will need this number if you want to gain prices from any electric suppliers or energy brokers, as it is important to make sure that your business is on the correct rates.
How Many Commercial Electricity Suppliers Are There?
There are over 100 different Electricity suppliers throughout the United Kingdom going by different names but many of them are owned and run by the ‘’Big Six’’ energy providers. There are some small players, and a couple of larger ones but over 85% of the U.K. business are really provided by these six huge companies.
Below are the top 6 U.K. electricity providers with links to their websites:
Do You Have Any Other Questions Or Queries?
If you have any questions or would like us to explain anything about any of our products or services, we would be more than happy to help. Please contact us by telephone, email, or post with any queries, no matter how big or small. All our contact information is on our ”contact us” page and at the top of our website.