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Where to Compare UK Business Electricity Prices
If you operate an enterprise in the UK You should be aware of where to compare UK business electricity rates. There are a myriad of providers to choose from , and you need to find an option that provides the right service at the most affordable price. Be aware of any VAT or other charges you might be subject to. VAT is charged at a standard rate of 20 percent, however there are also discounts available under certain conditions. This guide to VAT on business energy bills to learn more.

Smaller suppliers

With more customers realising that large electricity providers for business may not be offering the most efficient service and prices Many are switching to smaller providers. A third of business electricity customers are switching from large companies to smaller independent companies. These smaller suppliers can offer higher rates and superior service.

While the UK market is dominated by the 'Big 6 energy companies smaller independent companies are beginning to challenge them. They do not have the same government licensing requirements as the Big 6, so they are able to offer lower rates.

Big 6

For a long time, the Big 6 energy suppliers have dominated the market for business electricity, but in recent years, competition has increased. Although compare business electricity is around 70 percent, this has increased as more and more customers are shopping around for the most competitive prices for business energy. The big six electricity prices have remained relatively steady over the years, however, smaller independent providers are becoming more competitive. They are not subject to the same restrictions as those under government licensing and can often offer lower prices.


Although the UK market is highly competitive However, the Big 6 energy companies continue to be the market top players. The biggest companies include British Gas, EDF Energy, E.On, Npower, Scottish Power and SSE. These companies are the UK's oldest and largest energy providers and have more than 500,000 commercial customers. It doesn't matter if require gas, electricity, or heating. It is important to understand the energy company that you're using.

Economy 7

Economy 7 and Economy 10 are both good choices if you're looking to find an electricity plan that is affordable for your business. Both tariffs are cheaper for electricity during off-peak hours. It's crucial to think about the time of day you're using your power, and whether you'll need to turn your electric heater running during off-peak hours. A storage heater, for instance is a great option for off-peak times. It's designed so that you can generate warmth overnight, and then keep it in place for the night, and then let it go during the daytime hours.

The off-peak time is usually between 11 p.m. until 1 am, and is over by 6 am or 8 am or at any time daylight saving times change. If you are using your electricity during these times will depend on your supplier and the type of meter you're using. Some providers offer off-peak hours that are cheaper than others however you must verify whether you can use your electricity during those times.

Smart export guarantee

Smart Export Guarantee is a government-sponsored program which pays small-scale renewable energy producers for excess electricity they export to the grid. It replaces the Feed-in Tariff scheme which expired on April 1, 2019. The SEG tariffs will be effective as of January 2020. Small-scale generators can apply for the scheme on a voluntary basis.

Smart export guarantee rates can be flexible and be adjusted according to market demand. Exports made during peak hours are charged more than those made during off-peak times. The type of tariff that's suitable for a company is determined by the amount of energy it is exporting, the frequency of exports, and the amount it costs per unit. Before deciding on a tariff it is a good idea to test different tariffs.

Website: https://comparebusinesselectricity.uk/