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Qualify To Reduce Your Business Energy Costs By 40%?

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What Is Business Energy?

Find out how you could switch to a better deal

Why You Need to Switch Your Business Energy Suppliers

With prices at the mercy of a wholesale price rise, it's essential that you are getting the best possible energy deal, or you run the risk of overpaying on one of your largest expenses. 

 

This quick guide runs you through the main reasons why businesses like yours switch business energy suppliers. Many businesses that do switch do so through us; we provide a free business energy comparison tool to help find you the best business energy deals. Click the button to the left to start comparing now, or read on to find out more.  

Save Money

It is important to make sure that you switch your business energy supply in good time to make sure that you do not find yourself on an unnecessarily high tariff. If you have just moved premises, you will be placed on a "deemed energy contract," which is one of the most expensive tariffs available and should be switched immediately. 

 

If you don't switch to a fixed tariff before your current one expires, you will be automatically moved to a variable tariff, which offers no security against unpredictable price fluctuations.

Improved Customer Service

Some business energy suppliers are better than others when it comes to providing you with top-quality customer service. If you find yourself on hold for hours on end - time that could be spent on your business - then it's time to find a new supplier. 

Scalability

If your business is rapidly growing, you may soon find that your current energy tariff is no longer fit for purpose, and without a reliable energy source, you won't be able to effectively perform your daily tasks.

 

Whether you've bought a new piece of heavy machinery or expanded your office size, no matter your growth, this expansion is pointless if you can't properly power it. 

Go Green

Renewable energy is becoming more popular, with 40% of the UK using environmentally friendly sources in 2022. Switching could see your business join the green revolution and do your part to help combat environmental change. 

Better Contract Terms

Switching over to a new supplier could lead to you negotiating improved contract terms, including contract length, price, or a more flexible contract that better suits your specific needs.

Qualify To Reduce Your Business Energy Costs By 40%?

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FAQs

Your Questions Answered

No two businesses are the same, and neither is their energy consumption, so it is difficult to accurately pinpoint how much energy will cost your business. 

 

However, the average SME will be likely to exceed £3000 for electricity and pay about £1000 for gas. Businesses also have to pay 20% VAT on energy bills and contribute to the Climate Change Levy (CCL). 

There is no cap on business energy prices as there is for commercial energy. 


This is why you must switch suppliers to a better deal as quickly as you can, which you can do with our free business energy comparison tool.  

What's Trending?
Read more about how to save your business money
Five Ways to Cut Your Business's Energy Bill

How Your Energy Bills WorkFor consumers, the energy price cap is the main factor that influences the price of energy. There is, however, no price cap for businesses and they are at the mercy of the wholesale price of gas. Earlier this year, the UK Government addressed this and introduced the EBD Scheme, to help businesses with their energy bills. The price though, is still on the rise and every penny counts, especially if you're a small business still finding its feet. This is why we've created this article, to offer you some pointers to make every penny go as far as possible.  How to Cut Your Energy Business BillsWith energy prices rising, it's more important than ever for businesses to find ways to reduce their energy consumption. By making a few simple changes, you can start to save money today.  Reminding everyone to power down computers and disconnect chargers can make a difference. You could also implement an official energy-saving initiative to reinforce your business's commitment to limiting energy use. Here, we'll take you through five simple and easily done methods for saving money for your business.  

Your Guide to Business Energy Tax

The Climate Change LevyThe Climate Change Levy is an environmental tax aimed at encouraging businesses to operate in a more environmentally friendly way.  The tax is imposed on businesses that use commodities like electricity, gas, solid fuels, and liquid fuels. The rate of CCL your business pays depends on the type of commodity you use and how you use it.  The CCL is a significant cost for many businesses, but it can also motivate investing in energy efficiency and renewable energy measures.What Government Schemes are there for Green Businesses?The UK Government offers some tax reliefs and schemes to help businesses invest in green technology and reduce their environmental impact. These include allowing businesses to claim money back on qualifying energy-efficient plants, electric vehicles, and certain types of green technology:

Octopus Energy Review

What is Octopus Energy?Octopus Energy is one of the biggest energy providers in the UK and is now regarded as one of the 'Big Six'. In recent years it acquired all of the customers from Bulb, which went bust during the energy crisis, which made it into the big player it now is.  Known widely as one of the cheapest places to get energy, its big status has meant it has been able to invest heavily in green energy, adding to its appeal to many customers. What does Octopus Energy Offer?One of the main selling points of Octopus Energy is its commitment to green energy and, in recent years it has been able to make a name for itself as one of the leading green energy suppliers in the UK. A 'green' energy supplier is a supplier that provides energy without adding to the amount of carbon dioxide emissions in the atmosphere. There are numerous ways of doing this, and Octopus opt for doing it in the easiest and cheapest way possible.  It supplies customers with fossil fuels but then offsets this by buying the equivalent amount of power from renewable sources so, while the actual fuel they supply may come from fossil fuels, its use doesn't add to emissions. This makes it effectively net zero. This method is the cheapest way of supplying green energy, and the saving is passed onto the customer.  They do this with their gas supplies but, when it comes to electricity, they only use 100% renewable sources. Is Octopus Energy Good for Small Businesses?Octopus Energy is likely a good choice for your business, as its focus on customer service and care means it works hard to make life as easy as possible. By offering things like 12-month fixed tariffs to give you more certainty, options to alter your time of use to save money, and being available over the phone or email, it ensures it's there to meet your business's needs. Its most eye-catching advantages are its constant monitoring of wholesale prices, which allows it to reduce your business's bill as soon as possible and the offer to businesses struggling with bills to explore reducing or pausing them.  With clean energy, fair pricing, and good quality customer care, Octopus Energy could be a good bet for your small business.