Business Energy Prices

Business Energy Prices can put forward a choice of business energy products to suit all types of businesses; our experienced business energy Advisors will help you select the best Fixed Priced Contract most suited to your business energy needs.

If you have more intricate requirements, we are able to offer bespoke Products negotiated directly with the business energy suppliers, which is usually catered for large business energy users. With business energy and gas prices on the way up (again) those companies that pay their bills by direct debit will save the most. Credit score will also make a difference, those with below average credit score will pay higher prices and in most cases will be asked to pay a deposit.

Index Tracker Contract

The Index Rates are priced on a month by month basis, you can Fix your business energy prices in the month you wish to secure, the easy way this system works is you can secure the best months rates any time, if June, July and September rates are very good you can secure these months and the Rate is fixed and will not rise. The months that are left will Track the Market and can be locked in at any time.

The Index Tracker rates can rise and fall depending on the Market, but when you are on a fixed business energy price contract you are held by those rates, index rates for the large consumer, because they Track the market are usually better at different times of the year, following the market at the present time is an effective tool to reducing your Energy Cost.

Fixed Price Contracts

A fixed business energy price contract is where the supplier has agreed to fix the contract price with the customer for a specific period. Businesses on a fixed price contract may pay more than those on an Index Tracker Contract, the benefit of a fixed price contract is you know exactly in advance what your charges will be and hopefully, avoiding any industry price increases that could reasonably be expected during the life of the contract.

Prices can be increased on a fixed price contract. The supplier terms and conditions will outline the possible scenarios or reasons why a supplier will increase the contract price, if the supplier does increase your rates during a fixed term contract, you will have the choice as whether you want to stay or look else where for a better deal.

How can I find out what my business energy prices are?

Existing business energy prices should be listed on your business energy bill. If you cannot find the information easily, contact your account manager or business energy supplier and they will provide you with the necessary information.

How long does it take to switch from one supplier to another?

Switching your business energy supplier can take between 4-6 weeks to transfer your account. Once the switch has been completed, you will be informed by letter from your new business energy supplier with all the essential information you need.

What is the Climate Change Levy?

The Climate Change Levy (CCL) is an environmental tax on business energy supplies to industry, commerce, agriculture, local administration and a number of other services. It does not apply at all to domestic energy supplies.

The Levy is intended to encourage greater energy efficiency and lower business energy use by increasing the effective price of energy. As such, it aims to help the UK to meet its legally binding commitments under the Kyoto Protocol to reduce greenhouse gas emissions. The CCL is intended to reduce UK carbon dioxide emissions by at least 5 million tonnes by 2010.

The forms of energy covered by the Levy are energy or gas obtained for end-use rather than resale from a third party supplier; hydrocarbon gases supplied in liquid form; coal and lignite (and cokes and semi-cokes thereof); and petroleum coke. Low-value solid fuel worth less than £15 per tonne and waste used as a source of energy are exempt from the Levy. Oil-based fuels are exempt as they are either liable to road fuel duties or to other excise duties.

Any company supplying energy supplies of the liable types to liable organisations is required to register with HM Customs and Excise, and to pay the tax - the cost of which is passed on to customers as higher prices. There is no turnover threshold for registration, as there is for Value Added Tax.

A number of exceptions to the regime are in place to ease the CCL's impact on energy-intensive business sectors. Businesses in a number of energy-intensive sectors are eligible for a discount of up to 80 per cent if they sign up to industry-wide Climate Change Agreements which set challenging targets for improving energy efficiency. The eligible industries are aluminium; cement; ceramics; chemicals; food and drink; foundries; glass; non-ferrous metals; paper; steel; and around 20 smaller sectors (microelectronics, lime, distillers, textiles etc). Agreements are negotiated between the Government and trade associations representing the sectors (all of which are covered by the EU Integrated Pollution Prevention and Control regime).

What is the MPAN?

The MPAN stands for Meter Point Administration Number. This is a 21-digit number identifying your business energy supply and is shown on your energy bill.

What is the MPR?

The MPR number stands for Meter Point Reference number. This is a 10-digit number identifying your business gas supply and is shown on your business gas bill.

What is the MSN number?

The MSN number is the Meter Serial Number. This is shown on both your meter and your bill. It is important that these numbers match; if they do not, contact your account manager or supplier.

What information do I need when I move premises?

Contact your business energy supplier when you know you will be moving. You need to give them a forwarding address, a final meter reading and who will take over the premise, if you know.

Why have my business energy costs gone up?

Sometimes your energy consumption will have had an unexpected rise, firstly check if there are any activities you have undertaken which might cause this? You might have new equipment, additional staff or an extreme change in weather.

Monitoring your meter over a period of seven days may provide some clues. This will show how much energy you're consuming each day and could indicate if your meter is faulty.

As a safety measure compare the Meter Serial Number (MSN) on the front of your meter and compare this number with the MSN listed on your bill. If these numbers differ, contact your account manager or business energy supplier.