In terms of cost per kWh, businesses usually do pay a lower rate.

This is due to the fact that businesses have a higher electricity consumption than private residences, so they’ll able to negotiate lower energy costs, and can be eligible for bulk discounts.

However, a business will have to pay a much higher amount of VAT on their electricity, and this can be as much as four times the amount that homeowners pay.

Ultimately, electricity prices are constantly changing in accordance with the market, so it’s important to shop around and stay informed – whether you own a business or not!

The answer to this question will depend on a variety of different factors.

Business energy prices can be influenced by market shifts, your location, company size, and electricity needs.

For this reason, if you’re looking to switch business electricity provider, it’s important to do your research to ensure you’ve secured the best deal. Some providers may be able to offer a great unit cost, but require a high standing charge from businesses of your size.

Taking the time to consider different rates, contract types, and providers will not only improve your knowledge, but it will help you to negotiate a better deal for your business, too.

If you’re struggling to find reasonable business electricity rates, you can always ask experts to help you.

In terms of business electricity cost per kWh, a smaller business will usually have to pay more than a larger business.

Bigger businesses can often negotiate lower electricity and gas prices simply because they use so much more over the average year. They can also be eligible for bulk discounts on their electricity, and often have to pay lower standing charges.

However, whilst a larger business may be given a lower tariff, a smaller business might save money simply by using less electricity, and will therefore have lower annual bills.

Ultimately, if you suspect you’re paying unreasonable business electricity prices, it’s always worth shopping around for a better deal.

When you own a business, paying your gas and electricity bills can be eye-watering.

If you consistently have to pay expensive bills, it’s worth examining your business to see if there’s anywhere you’re wasting electricity and money.

For example, if your company constantly has the heating on, even after hours, this can be a huge drain on your business electricity supply. Correctly insulating your building, putting your thermostat on a timer, and reducing drafts can make a huge difference over time.

You should also check how efficient your electrical appliances are. Switch to LED or CFL bulbs, and opt for tech with lower electricity needs.

Try to get the whole business involved, so remind staff to turn off any unused lights or computers!

You should also check your business electricity tariff. Make sure you haven’t been switched to deemed rates or a rollover contract, and take a look at other providers to check you’re on a reasonable plan. It’s fairly simple to switch business electricity provider, so it’s worth making the change if you find better contracts elsewhere.

Don’t forget to check your electricity meter, to ensure it’s in full working order, and sending accurate data to your energy provider. A larger business may benefit from a half-hourly or smart meter.

Overall, if your business electricity bills are too high – just a few simple checks and changes can help you bring costs back down!

Using a meter to measure power usage at your business has a surprising number of benefits.

Many suppliers now require companies to install a half-hourly or smart meter as part of their contracts – and this is for several good reasons.

Firstly, an accurate meter will show detailed information on your business electricity use. This way, you can see where you might be wasting power, and therefore wasting money.

You’ll also be able to make an accurate forecast for your monthly bill, which is incredibly useful when budgeting for your business. You also won’t have to pay ‘estimated bills’ from your supplier if you forget to tell them about your electricity usage.

A meter is also a good choice for those hoping to make their business more eco-friendly. Learning more about your electricity habits can encourage your staff to make more conscious choices – such as printing less, or turning off lights and appliances more often.

Finally, most business electricity suppliers will install a meter entirely free of charge – so why not try one today?