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When you need to compare the best cheap business electricity deals in 2020, then the process is slightly more complicated than it is for sourcing energy for our homes.

Firstly, there are a lot more business electricity plans available than for domestic consumers, which means finding the right plan at the right price is crucial.

A potential small business electricity provider will consider:

  • Your firm’s geographic location
  • The sector you work in
  • How many staff work there
  • Whether there are plans for expansion.

Source business electricity prices per kWh

Indeed, the next most important issue is to source business electricity prices per kWh (kilowatt-hour) and understand what they mean. This means that you need to appreciate:

  • The unit price: This is what you pay for the electricity your firm consumes, usually expressed in pence per kilowatt-hour.
  • The standing charge: A fee that is levied to pay for the electricity to be delivered to your firm’s premises.

 

This is the point you need to appreciate that accessing a cheap unit price will deliver lower bills, but only if you have a cheaper standing charge too – some firms may not appreciate that the standing charge will vary and if you pay more then you will erase any savings.

Cheap business electricity prices

In the hunt for cheap business electricity prices, you need to be aware that competition among small business electricity suppliers is very strong.

And while you could compare business electricity prices online, it’s worth putting the Business Utility Hub to the test because they can search all suppliers – which is something that small business electricity comparison websites are not likely to do and you should always check how many firms they will approach for a quote.

The Business Utility Hub team will find the cheapest and best deal and also other incentives, such as having a dedicated account manager.

Another useful incentive that may attract attention is the opportunity of having an energy consultation carried out. This will see experts analyse how and when you are using energy – and then recommending ways to implement savings.

This reduction in consumption will boost your firm’s energy supply savings – and ultimately push up profits.

There’s a lot to consider when you need to source the best cheap business electricity deals in 2020, so contact the team at the Business Utility Hub today to find out what they can do for you.