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Why compare your busienss electricity bills with daily circle?

  • We’ve completed

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    electricity switches1

  • We’ve helped
    customers
    save

    over £67.4 million1

  • On average
    a typical customer

    saving is £8962

Business energy tariff types

Fixed rate business electricity rates

Fixed rate busines energy tariff means that you are agreeing to pay a fixed unit price on the kWh and standing charges. You can agree a fixed rate contract up to 5 years depending on the busines energy provider.

Variable rate business energy prices

Variable rate for business electricity means that you pay less if market prices drop and pay more if prices go up. Variable electricity rate contracts can be cancelled by providing 30 days notice.

Green electricity tariffs

Green electricity tariffs means that you are using renewable energy. Green deal energy prices are usually more expensive when compare to fixed and variable rates.

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What are commercial electricity (business electricity) prices based on?

Business electricity usage

Business electricity supplier will look at your business size to understand how much electricity you are going to use. They may also look at when you actually use most of the electricity, at what times and what times of the year you are likely to use more electricity.

Your business credit history

Good business credit score will help you get much better business electricity rates. If your company’s credit history is bas then you are most like to be offered with expansive electricity rates.

Business energy electricity contract length

Business energy supplier offer better saving with longer term business electricity contract, you can get business electricity contract from 1 to 5 years. If you do sign up a long term fixed rate business contract and electricity prices go up, you will probably save some money for your company.

Wholesale electricity market rates

Commercial electricity prices usually follow trends of global wholesale electricity market. Weather changes, higher electricity demand can drive up whole sales prices. Business electricity suppliers may pass on any price rises to your business.

Types of business electricity contracts

  • 1. Fixed terms business electricity contract – your electricity unit rate and standing charges will be fixed for the agreed duration. Your monthly electricity bill can go up or down depending on your monthly usage.
  • 2. Variable rate commercial electricity contract – commercial electricity rates may vary throughout the agreed contract, it will follow wholesale electricity rates.
  • 3. Business electricity deemed rate – deemed electricity rates is where supplier moves you to another electricity tariff when you have failed to agree another contract with them or another supplier.
  • 4. 28 day business electricity contract – 28 day electricity contract means that you have not switched business electricity contract since deregulation of the electricity market.
  • 5. Commercial electricity rollover – When you’ve failed to notify your current electricity supplier about your next move, then electricity supplier will move you to another contract which can be short or long term contract.

Types of commercial electricity meters

  • 1. Standard electricity meter – Most commonly used meter by the UK businesses and is a one rate meter. Electricity supply number will begin with 03 which also mean that business has standard rate meter.
  • 2. Economy 7 commercial meter – Economy 7 means it has 2 rates, one rate for the day and another for night time. MPAN (Supplier number) will begin with 04 which also mean that it’s an Economy 7 meter.
  • 3. Economy 10 – It’s very similar to Economy 7 meter and has 2 rates, lower rate will last 10 hours from afternoon to the evening.
  • 4. Evening and weekend electricity meter – It’s a 2-rate meter, timing of the weekend and evening will vary from supplier to supplier. It’s beneficial to those who use more electricity over the weekend and evenings, such as busy restaurant.
  • 5. Evening, weekend and night rate meter – It’s a 3-rate meter; most expensive electricity rate would be day rate. Night rate would be cheaper compared to day, evening and weekend rates.
  • 6. Maximum demand 1 – it’s very similar to standard rate meter but specifically designed for those who require high demand of electricity.
  • 7. Maximum demand 2 – it’s similar to economy 7 meter and has 2- rates but its beneficial for those who require high demand of electricity supply.
  • 8. SToD meter (seasonal time of day) – it’s a multi rate meter and can have up to 56 rates. It can measure rates from day, night, peak and other periods by seasonality.
  • 9. Related off peak electric meter - it means there’s 2 meters and second meter is linked to the main electricity meter. Second meter is known as off-peak meter which uses less electricity compared to the main one.
  • 10. Multi MPAN meter – means multiple meters are linked to the main meter which records usages of all meters.
  • 11. Half hourly (00) meter – half-hourly meter is connected to a phone line which records and reports usages & demands to business electricity supplier every half hour.