Compare Business Electricity Prices – FREE ONLINE
Energy Advice Line is a free online comparison and switching service dedicated to businesses in the UK that enables you to check the market at the click of a button. Even if you do not have your bill in front of you, our online quote engine provides you with the most competitive options available in the UK, so you can make a saving with the confidence that you have compared the market and made a well-informed, confident decision.
Our service does not end with getting you the cheapest rates, we will also manage your switch and make sure that you transfer to your new supplier as quickly as possible. Most importantly you will not suffer any interruption to your business electricity supply!
The most important element of protecting your business from unplanned price rises is two-fold. Firstly, we always advice customers moving into a new business premises is to compare and switch energy as soon as the lease or freehold agreement has been signed, to avoid being moved onto very expensive out-of-contract rates. Secondly, if you are coming to the end of a fixed term contract with your current supplier, it has never been more important to spend some time and go online to compare rates against what you are being offered on renewal
Business Energy Prices
At Energy Advice Line, we provide a free price alert service where we email you with the latest price trend every time an energy supplier changes their price. Energy suppliers only tend to inform the market when they change their domestic tariff but business owners are often kept in the dark. The price alert service will simply email the business owner every time a supplier on the Energy Advice Line extensive supplier panel changes a price up or down.
This will allow the business owner to gain an understanding of market trends very quickly which we hope will allow a good informed decision to be made about when to agree a new fixed term contract.
Contract Renewal Reminder Service
Your Energy Advice Line account manager will contact you on approach to the end of your fixed term contract expiry date. We will contact you with your renewal offer from your current supplier as well as compare them with what is available from other suppliers as new business options.
Our aim is to seamlessly secure the most competitive price and prevent your current supplier from moving you onto expensive roll over or ‘deemed out of contract’ prices, which are designed to maximize the supplier’s profitability – to the detriment of its customer.
The Best Business Electricity Prices on the Market
Furthermore, not only are we committed to offering you the best electricity prices for your business on the market, but we analyze the supplier’s small print, terms and conditions, and give them a ‘star rating’ based on them meeting certain criteria. We compare the prices but also identify what we would consider unfair terms that could be detrimental to your business. This way you get the lowest prices, as well as understanding exactly what you are signing up for.
The business electricity prices you are paying now could increase significantly overnight, so it pays to check now with the Energy Advice Line. We pride ourselves on being a consumer champion, helping firms of all sizes find the cheapest commercial electricity prices on the market.
Controlling the Cost of your Business’ Electricity Bills
Energy regulator OFGEM has investigated business electricity price comparison and found that firms who use a reputable price comparison service, like the Energy Advice Line, are more likely to have lower bills than those who stay with the same supplier year after year. There is no doubt that it literally pays to shop around and to stay in control of the businesses electricity or gas supply.
Say NO to Cold Calling on Business Electricity and Gas
At Energy Advice Line, we actively campaign against business owners and decision makers being called out of the blue by agencies and suppliers that buy customers’ data. In most instances, the data tends to be very expensive, which then has a detrimental effect on the price that these cold calling companies offer you. They will tend to have to build in extra margins on the prices to pay for the data. Ultimately, this approach does not benefit anyone apart from the commission hungry cold callers. We strongly advise customers not to engage with someone that calls you out of the blue and firmly believe that if you want to compare the market you should invite the contact and speak to a company that you want to speak to.
Please join the campaign today and let us lobby the regulator to try and prevent this approach. There is nothing worse than being bombarded by unsolicited cold callers – that’s why we actively campaign against it – join the campaign today!
Leading the way on Trustpilot
Energy Advice Line currently leads the way on Trustpilot.
Trustpilot are considered one of the best review communities in the UK that builds trust and transparency between consumers and businesses. It gives the opportunity for all Energy Advice Line customers to review our service.
Use a widget from the Trustpilot website pulling in EAL’s current score.
Best Price First Time Policy
When you contact Energy Advice Line, whether you compare prices online or call a customer advisor at our UK service center we will offer you the best price first time for your meter configuration. Our overriding aim is to save our customers as much money as possible.
As a direct comparison, if we compare this with the majority of suppliers on a direct basis, they will only tend to offer you a price in the first instance that will allow them to earn as much money as possible. It is then up to you to make an informed decision on what you do going forward. This does not sit very well with the team at EAL, as this approach creates an element of distrust between supplier and customer – which ultimately affects the trust perception of the customer on the entire market.
We remain completely independent of this and our track record over the 10 years and the vast number of positive customer reviews we receive backs up our promise that we will offer you the best, most competitive price first time every time
Facts about Business Electricity and Gas Contracts
The majority of businesses (93%) have a fixed term contract for their gas/electricity supply and pay by direct debit (86%). Around two thirds of businesses with a fixed term contract report that the duration of these are for either one (32%) or two (34%) years.
41% of businesses recall receiving the contract renewal letter reported having read it in detail; 47% had glanced at it or skim read it. Recent ‘switchers’ and those who have recently shopped around for a new contract were more likely to have read the letter in detail.
Eighty-two per cent of businesses with fixed term contracts know when it ends; 59% know exactly and 23% know approximately. Three fifths of businesses with fixed term contracts (62%) know when they are able to start renegotiating or giving notice of termination; 16% know exactly and 46% know approximately.
Key Findings about the Business Electricity and Gas Market
Business Electricity and Gas Customer Switching Habits
The majority of businesses on a fixed term contract (82%) review their supply arrangements when their contract comes up for renewal.
Nearly two thirds (64%) have switched supplier in the last 5 years; this is a significantly higher proportion in 2014 at 60%. 13% have switched at least three times in this period.
25% of businesses have switched supplier in the last 12 months (compared to 23% in 2014).
33% of businesses have not switched in the last 5 years and nearly half of these (44%; 16% of all businesses) have never considered switching. This is a decrease compared with 2014 (39% and 19% respectively).
One in five businesses that switched in the last 5 years contacted one or two suppliers when they last considered switching (21%), with a slightly higher proportion having contacted three (23%) and fewer having contacted four (16%) or five (15%). Another fifth (21%) contacted more than five suppliers for a quote. This includes contact made with a supplier through a price comparison service or broker.
Cost savings remain by far the most likely reason for switching; 89% have switched in the last 5 years say it was because they were offered a lower price.
Domestic Customer Switching Habits Reviewed
A report published in May 2016 by the Competition and Markets Authority (CMA) shows more than 70% of energy consumers have never switched tariffs.
A survey of 7000 domestic energy customers carried out by the CMA as part of its probe into the energy market also found that more than one-third of respondents had never considered switching supplier.
This was despite the fact that customers of the Big Six energy companies could have saved hundreds of pounds by switching to a rival firm.
Although this report has proved that switching suppliers has significant financial benefits millions of customers still fail to do it.
The CMA report, the culmination of a two-year, £80 million investigation of the energy industry, found that:
The report found that dual fuel customers of the Big Six suppliers could have saved an average £164 per year by switching over the previous three-and-a-half years, and in some cases as much as £245. The report pointed out that the potential savings from switching had risen substantially over the past two years, in some cases (depending on tariff) of £330 annually.
The CMA stated that independent and reliable services like the Energy Advice Line are the quickest, easiest and cheapest way to shop around, compare the cheapest business electricity and gas for their business and change suppliers seamlessly and quickly.