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Owing to different factors, the price of business electricity can vary greatly. However, you have the power to reduce your bills by acknowledging the amount you pay on the standing charges and price per kWh.

Standing Charges

The cost of having the electric supply is the standing charges. The rate you pay to your supplier for accessing electricity does not change, no matter how much electricity you use.

The standing charge is the total of the cost of electricity supply, meter readings, and maintenance. You are charged standing charges in pence daily.

Why there is a great variation in standing charges?

The standing charges depend on the amount of electricity you use. If you find yourself paying a low standing charge, then it means you are paying more per kWh of electricity and vice versa.

How helpful is zero / no-standing charge contracts?

The zero and no-standing charges are like synonyms of each other, meaning you are not charging anything for having the electricity delivered to you. You only pay for the amount of electricity you use i.e., kWh.

The zero or non-standing charge contracts can be found with some suppliers. However, it won’t be of much use to you if your business’s electricity usage is low.

Price per Kilowatt Hour (kWh)

A kWh is used to measure energy. The kWh is commonly referred to as unit rate, and it fluctuates depending on the amount of electricity you use.

Also, the price of a kWh will vary depending on the amount your supplier wants to charge. This can range anything between 10p to 30p.

Why is there a great variation in kWh (unit)?

The suppliers will charge you different rates based on the location of your business. The reason for this would be the location of the power plant, demand, and the availability of energy infrastructure in that area.

Our Research Depiction

Our company Committed Utility Solution (CUS), recently interviewed seventeen businesses to showcase the difference between standing charges and the kWh charges of different firms with an average consumption of 34,438 kWh of electricity per annum.

The standing charges varied from 21p to 33p a day, making a remarkable difference of 12p per day. We found the best business energy rate should be 26.61p, which was quite high, showcasing the need for the businesses to look around for a better deal.

We noted the lowest kWh at 11.49p, while the highest was 15.45p per unit, which made a difference of 2.96p per unit. The average kWh worked out at 13.42 per unit. Based on these figures and stats, we found that an average business pays £4,716 per annum, but they can pay as much as £5,441 or an amount lower than £4,033. When the figures are compared, you can see the potential savings that can be made.

What did we found?

It is evident that its standing charges don’t vary much. However, on a general note, the businesses using the most kWh had the best business electricity rates.

Key Takeaways

The most exciting and encouraging thing about interviewing the 17 business firms were finding out the annual prices they had managed to obtain from the suppliers. In most of the cases, the renewal quote was higher than the amount they were currently paying. This showed that all business firms could save money on electricity bills.

What Are The Electricity Profile Class And How Do I Know Mine?

How can I find which Profile Class I belong in?

You can find your electricity profile class with the first two digits of a supply number. A supplier number is a 21- digit number printed on your energy bill. They have got nine classes ranging from 00-08.

It depends on the amount of energy you use and also the time of its usage.

Profile Class- What do they mean?

While looking around for energy quotes from different suppliers, you may come to know about profile class, and its influence on the price offered to you. They are calculated in price per kWh.

Different types of Profile class

Profile Class 01 (Domestic Unrestricted)

The majority of the consumers belong to this profile Class. They typically have a low usage class of energy, so the home business firms in this class do not need to switch to an unlimited business plan. However, it may be beneficial in some cases.

Profile Class 02 (Domestic Economy 7)

This profile class belongs to the home consumer of energy. It is commonly known as a differential tariff. This is because this class helps the small energy users to save money between business peak hours.

The calculator separately calculates for day and night hours, and you will receive a quote of an average day and a lower nightly rate. This will help you save money during these hours.

To be a part of profile Class 02, the consumer needs to update to economy 7 and get a meter installed.

Profile Class 03 (Non-Domestic Unrestricted)

This class belongs to small and micro business users having low uses of electricity. The group has a standard single charge per kWh, which is the most suitable for those with a smaller consumption of energy.

Profile Class 04 (Non-Domestic Economy 7)

Just like class 02, this group also has got economy 7 installed on a business or commercial meter other than a domestic one. It offers a separate day and night charge rate to the owners. Thus, it can be used to reduce the cost of electricity during and peak hours.

Profile Class 05-08 (Maximum Demand)

This class is for the non-domestic energy users, having high electricity usage. All of this profile class can be differentiated by its Peak Load Factor.

Here is the breakdown of the Profile Class from 05-08

Profile Class 05- LF is lower than 20%

Profile Class 06- LF is between 20%-30%

Profile Class 07- LF is between 30%-40%

Profile Class 08- LF is more than 40%

Profile Class 00 (Maximum Demand with LF over 100kW)

This class has always been under maximum demand half-yearly with an LF over 100 kW, meaning the annual consumption would be 100,000 kWh or more. The reading is sent to the supplier every 30 minutes. Thus, making the readings more accurate. Also, it will help to find a better price deal to people looking for energy quotes.

What if the profile class I am in is not the one for me?

If you feel you are not fit for a particular profile class and can benefit from different profile class, you need to contact your current electricity supplier to discuss it.

Best Business Electricity Suppliers In UK

With so many business electricity suppliers available in the market, it can be challenging for a business owner to decide the best one for him. Don’t worry, we are here to answer your queries by comparing electricity suppliers. Every business is different and has its own unique needs and ideas. Here we have curated the list of the most popular suppliers who have a lot to offer.

BES Utilities

Based in the UK, BES Utilities is an independently owned group of Companies. They are involved in providing commercial electricity and gas, and also business telecommunications. Additionally, they also help businesses decrease their utility bills and save money on them.

British Gas

By supplying energy to over 400,000 businesses, British Gas has become the largest and best domestic business electricity supplier in the UK. The company has two years of experience working hard with the community and being trustworthy and reliable.

Corona Energy

The company focuses on providing the consumers with great quality service with their customer contracts and well-trained, dedicated staff who are always available to help the customers.

Dual Energy

The company works to build itself outside the tag of “The Big 6”. Dual energy provides the customers a lower price than the bigger companies..

EON

The company is among the “The Big 6” making it the largest energy provider in the UK. The company, with its strong interest in your carbon footprint, provides you with innovative energy solutions.

EDF

The company has been engaged in producing around 20% of the electricity in the UK, making it the largest domestic and business electricity supplier. The customers of the company often say that they received great rates and easy switch over.

Haven Power

The company, with its personal approach, helps the customers as much as possible. They like to know the owner and the company to provide smart solutions.

Hudson Energy

Hudson is an independent and innovative renewable business electricity supplier that aims to provide energy at a competitive price that suits the needs of the customers’ business.

Npower

Npower, has made itself the leading electricity supplier in the UK and serves over 5 million homes and businesses. The company’s sole focus remains on its customer service.

Orsted Energy

By keeping close communication with the customers, the company tries to provide them with new solutions to meet the needs of their business.

PFP Energy

The company, by supplying energy, has made it to the list of the top 10 cheapest National tariffs. The company is a non-profit energy supplier in the UK. They are well known among the customers for their honesty and services at good value for money.

Scottish Power

The company based in Scotland is among “The Big 6” supplying energy to more than 5 million domestic and business premises across the UK. They stay up to date with changes in the needs of the businesses and offer customers the best deal.

SSE

The company with in-depth knowledge of the industry is in a unique position to help your business by putting you on the right contract.

Total Gas and Power

The company has been supplying energy to over 175,000 sites ranging from non-profit organizations, public service, small all, and medium businesses to large industrial and commercial companies.

YU Energy

The company is growing faster by focusing on the customers and the services they receive. With them, you get the benefit of no wait phone service. Also, they provide you with a personal account manager to help you with your business needs.

BUSINESS ELECTRICITY QUOTE

How to get a business electricity quote?

Are you looking for a solution to save your business money on its electricity bill? Look no further Committed Utility Solution (CUS) is here for your help. Our company provides the best energy comparison service that would make the work of comparison and switching business energy supplies easy for you and eventually will help save money on your business energy.

You can take the services from our company free of cost with no obligation.

How to obtain electricity quotes?

Here is a step-by-step guide for you to quickly and easily obtain the most competitive electricity quotes for your business-

You need to fill up the online form

You will get a call from Committed Utility Solution to gather a few more details

Once done with that you will receive a call from the suppliers with their quotes

Now it’s up to you. Choose the most suitable supplier for you and switch easily

What will I need to fill-up the form?

Here is the detailed information of what you will need to fill up the online form to complete the process of obtaining electricity quotes-

The type of quotes you want like electric or gas

Details about the current supplier

The postcode of your business

Your email address to contact you on

The name of your business

The telephone number to reach out to you

The end date of your current contract

All these details are essential to obtain the most accurate quotes to meet the needs of your business.

What will happen once I am done filling the form?

Once you are done filling the form, it will be sent to one of the Committed Utility Solution’s professional representatives. They will give a quick call to you to obtain the other essential details that would ensure you get the most accurate quotes for your business. It will also help if you have an electricity bill handy while you are on a call with us.

The bill would provide us the following information-

The address of the business

The amount of electricity you use.

Your supply number or MPAN number.

You have got an alternative if you don’t wish to complete the online form. Simply give us a call at our registered number and speak to one of our professional representatives who would happily assist you

In simple words, if you wish to get the best price, then speaking directly to the suppliers is the best shot for you. The suppliers will be readily available to customize the quotes to meet the unique needs of your business. They would allow them to offer you the most reasonable and competitive price.

Also, by speaking directly to the suppliers, you can negotiate the price and find the other details of the deals they are offering to you.The call is simply to provide and present the best prices possible.

ABOUT US

We are a team of super
professionals & experts!

We started with a mission to help the community to save on their monthly bills of business gas & electricity, and our team leaves no stone unturned to get you the most personalized deals to help you save a significant money that you can invest somewhere else.

What Our Clients Say

My Energy Quote is certainly way ahead of its competitors when it comes to giving personalized deals!

Kudos to the team and continue with the brilliant piece of work.

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