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At Switch365, we understand that finding the best electricity rates can be a hassle. That's why we offer an online tool that makes it quick and easy to compare prices, saving you time, and money!
With our hassle-free approach, you can take control of your business electricity costs and focus on running your business, rather than worrying about your energy bills.
Our online tool not only helps you avoid out-of-contract rates and save money but also puts you in the driver's seat when it comes to choosing the best electricity provider for your business.
You can use our tool to compare prices, check today's market at current energy rates, and find the most competitive rates that meet your business's unique needs.
This means you'll never have to worry about overpaying for your energy again, and you'll always have the power to make informed decisions about your electricity provider.
How Business Electricity Usage is Calculated and What Factors Affect the Cost Per Kwh
The cost of business electricity is calculated based on usage, with suppliers charging a cost per kilowatt-hour (kWh) used. This cost can vary depending on a range of factors, including the supplier, the size of your business, and the type of tariff you have.
Generally, the more electricity you use, the lower your cost per kWh will be. However, it's important to note that some suppliers may charge higher rates for businesses that use more electricity during peak periods.
To calculate your business electricity usage, your supplier measures the amount of electricity you use in kWh over a set period of time, usually a month. This measurement is then used to calculate your overall electricity bill based on the cost per kWh that your supplier charges.
At Switch365, we understand that finding the best business electricity prices per kWh can be a daunting task. That's why we offer a range of tools and resources to help you navigate the market and find the best deal for your business.
Our team has extensive experience working with SMEs, mid-market businesses, and large corporations, and we can help you secure a competitive rate that meets your unique needs.
Smart meters help make better sense of your energy, so you can manage your usage and keep track of your billing - in near real time!
At Switch365, we are dedicated to helping businesses reduce costs and save valuable resources on their business electricity expenses. Our team of experts specialises in securing the best available utility contracts on the market and introducing the latest payment solutions and renewable technologies. We work with businesses of all sizes and industries, including
We work with:
SMEs
Mid-market businesses
Large private and public corporations
Places of worship and charities
We understand that in the current climate, businesses need to make savings wherever possible, and that's why we offer a hassle-free solution that allows you to secure new utility rates and access improved payment services. With our services, you can make smarter choices for your business and focus on driving growth, while we take care of your electricity needs.
Take a look at our brief guide below to learn about the various types of business electricity tariffs available:
Fixed-Term: This is a widely used business electricity tariff in which the cost per unit and standing charges remain constant throughout the contract period, which typically ranges from one to four years
Variable: Under this tariff, the unit rate of your electricity is linked to the wholesale energy market conditions, and your bill can fluctuate on a monthly basis throughout the contract.
Out-of-contract Rate: If you fail to sign a contract with a supplier, you'll likely end up on an out-of-contract rate, which is typically the most expensive tariff available.
Extended: Your current electricity supplier may offer you an extended tariff, which allows you to extend your current contract period.
Flex Approach: This electricity tariff entails purchasing all the energy your business needs in advance, providing you with access to wholesale prices and complete knowledge of your energy expenditure.
Pass Through: This electricity tariff splits your bill between a fixed wholesale price and variable charges, such as National Grid and Transmission Network Use of System (TNUoS). The idea behind this tariff is that as the variable charges increase, they'll offset the cheaper wholesale rate you pay for your energy.
When choosing a business electricity provider, it's important to consider factors such as pricing, contract terms, customer service, and the supplier's reputation. You should also take into account your business's energy needs and usage patterns.
You can compare business electricity prices by using our online comparison tool or by contacting our helpful team directly. Keep in mind that pricing can vary based on factors such as the size of your business, location, and energy usage.
There are several ways to reduce your business's energy costs, including implementing energy-efficient technologies and practices, regularly monitoring and adjusting energy usage, and exploring renewable energy options. Additionally, choosing a supplier with competitive pricing and contract terms can help lower your energy bills, and that's where Switch365 can help you!
The length of time it takes to switch to a new business electricity provider can vary, but typically takes around 4-6 weeks. This includes the time needed to finalise a new contract and any necessary metering changes.
If your business uses more electricity than your contract allows, you may be charged an excess usage fee. To avoid this, it's important to accurately estimate your business's energy needs when choosing a contract. We can help you with any queries and provide a tailored quote, speak to our team!
To ensure reliable electricity supply for your business, it's important to choose a supplier with a strong track record of service and reliability. Additionally, having backup generators or energy storage systems can help prevent disruptions in case of power outages. With over a decade of experience serving over 70,000 customers, you can rest assured that Switch365 is a reliable business partner.
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