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Since energy costs account for a large proportion of overheads, it makes sense to source cheap business electricity deals every year.

All firms should be on the cheapest tariff for meeting their needs but for various reasons, not every firm will be searching for a new supplier annually.

According to one government survey, around 40% of UK firms have never switched which means they are likely to be paying more for their electricity.

It doesn’t have to be like this with a strong marketplace and lots of suppliers competing for you as a customer and switching to a new provider is easy.

The deals will change on a regular basis and many business owners may not appreciate that there are other issues affecting the prices being quoted.

For example, the regional location of your premises, how many people you employ and the type of industry you work in will all have an influence on the prices you are offered.

Sourcing cheaper business electricity prices

However, the prospect of sourcing cheaper business electricity prices can be a daunting task to many busy business owners.

Fortunately, the team of experts at the Business Utility Hub can help in this regard and they are able to search the entire market which most, if not all, comparison websites cannot do.

This means that in a few minutes, they will be able to access hundreds of tariffs and from there, source a great deal for meeting your needs.

Also, they can take care of the switchover process which will be seamless so you can enjoy the savings when your current contract comes to an end.

Understand business electricity prices per kWh

Part of this process will be a need to understand business electricity prices per kWh (kilowatt-hour) because this is what you pay for the energy you consume.

So, while you could search for a new supplier offering a lower price per kilowatt-hour, or unit charge, you may believe that this is a huge saving.

However, you should also calculate what the standing charge will be and it may be that the supplier has a much higher charge which goes to the National Grid for supplying energy than you currently pay.

As a consequence, there will be no savings to be enjoyed and unfortunately, you run the risk of paying more than you do currently.

If you want to source cheap business electricity deals for your firm and reduce overheads, then you need to speak with the Business Utility Hub team.