Energy and utilities in general are regularly one of the main ongoing costs small businesses have to cover, so it's vital that you get a small business electricity tariff that works with you and not against you.
Most commercial energy providers offer their deals as fixed price, fixed term contracts - meaning they're typically quite inflexible.
However, by assessing your business energy needs and researching tariffs thoroughly you can get the best electricity prices for small businesses relatively quickly and easily.
For example, you can choose a contract term to suit your company; for instance some small business electricity suppliers offer packages tailored to companies with low energy consumption.
The key is to identify the service you want using a small business electricity comparison, only compare electricity for small business packages that match, and find the cheapest deals.
The main features of a commercial electricity contract include its duration, service, billing and any added extras. You'll need to consider:
If your current energy use is constant and you don't anticipate it increasing, a long term energy contract may protect you from price rises and prove cheaper overall.
However, if you expect your consumption to increase significantly at some point in the future, a short term contract may be cheaper for the interim period up until that point.
Additionally, while a longer term contract will protect you against future price rises, it will leave you unable to benefit from any fall in energy rates.
Service: location changes and dual fuel
There are a number of factors that affect the service your business needs. For example, do you currently operate from, or expect to move into, a number of different locations?
Some providers may only be able to cater for a certain number of sites - or number of meters per site - so you'd need to exclude them from your electricity comparison.
You should also check if you could save money by opting for a dual fuel deal.
Some energy suppliers offer half hourly meters, so that you can identify waste and manage your consumption. Others might assign an energy manager to your business, for that purpose. It's worth checking where you'd be eligible for these extras.
You'll need to bear in mind the impact that these features will have on your billing, and on how you manage the account.
Simplifying this process can be equally as important as getting cheap electricity for small business.
Dual fuel contracts, for example, combine your business gas and electricity supply so you also combine your billing - and in many cases save you money, too. Other suppliers offer online billing, while you may decide you need paper invoices.
Once you've decided what service and features you want, use an electricity price comparison for small business to rank the UK's top electric suppliers by the service they offer.
Compare electricity for small business online to narrow your search, and get as many quotes for small business electricity prices as you can to find the best supplier for your needs, for less.
Find out more from our guide: How to Compare Business Electricity Prices.