Here is how to work out which electricity tariff you should get:
Consider your business needs
When comparing business electricity, you should think about:
The size of your business: Check your annual turnover and the size of your office space, because suppliers tend to specialise in some sizes of business and not others.
How long you plan to stay in one place: If you want to move premises, or if your business runs seasonally, a short term contract gives you more flexibility to switch.
Your energy usage: Check previous bills to see how much electricity you use each year. If you are a new business, call suppliers for help estimating your usage.
When you use electricity: If you only use electricity during the night or early hours of the morning, you may be able to pay less for your energy.
Most business tariffs are fixed contracts, which could tie you in for up to four years. This makes it especially important to pick a tariff that meets your needs as a business.
You will need to get a range of quotes from different energy suppliers so you can find the right tariff at the cheapest price.
If you have an existing tariff in place, start comparing other deals as soon as you get a renewal offer from your current energy company.
Here is more information about how to switch your business electricity tariff.
Decide on a tariff
Once you know what your business needs are, you can choose the right tariff:
Fixed rate: The price of your electricity stays the same throughout your contract
Flexible: You bulk buy your energy before you use it, usually if your usage is high
Smart meter: Your electricity usage is monitored half hourly and your bill is more accurate
Multi site: Your energy company supplies electricity to several business locations
Eco: The electricity comes from green resources, like solar power