Many SME & Corporate businesses in UK pay higher business gas prices than they should do. Here are few tips to get you best business gas prices.
Top 5 tips for getting the best business gas prices and the contracts for your business:
1 Compare business gas prices with all suppliers.
Business gas price varies between different suppliers depending on your meter and area you are in. It is really important that you have checked which supplier is best option for your business. We at FreePriceCompare.com, compare wide range of supplier to make sure we get you the best business gas price. Our London based agents are here to help to find best contract and do all the relevant paperwork to save you Time and Money. The easiest way to get a quote is by simply ringing us on 0207 112 4951, or fill out or contact us form and we will call you back within half hour.
2 The prices (Unit rate & Standing charges)
Business electricity tariffs have a standing charge with unit-rate, not all gas tariffs do.
Two types of business gas tariffs available
Standing charge + Unit rate. – Idle for medium & corporate businesses / big users.
Only unit rate (No Standing charge). – Idle for small businesses / small users.
Our business energy advisors can help you find best tariff with the combination of standing charge and unit rate that is suitable for your business.
3. Don’t forget the extras charges that may apply to your business gas bills.
VAT is charged at 20% on business gas bills. But some small businesses charged at 5%, for example if you are charity, domestic/residential element to your business are using average of 12000 kWh of gas per annum.
CCL(climate change levy)
0.182 pence per kilowatt hour – rate from 1 Apr 2013
0.188 pence per kilowatt hour – rate from 1 Apr 2014
IGT meter charges
Some business gas meters are served by independent gas transporters (IGTs) instead of Transco. IGT gas prices are normally higher because the gas suppliers have to pay a fee for pipes to IGTs.
4. A long-term contract
By going for long term contract (3 to 5 year contract) you are securing fixed rate for your business for the term of your business gas contract. Benefit of long-term contract – security, No paper work (though we do all the paperwork), no shopping around and more time to focus on your business.
5. Set up reminder / avoid out-of-contract rates (deemed rates)
You can set up contract reminder by using our contract reminder service and we will remind you 3 to 4 months in advance of your contract renewal date as some supplier require you to make decision early as 90 to 120 days.
the roll-over or renewal contract prices can be up to 150% more expensive than the current market price when you fail to negotiate a new contract.
6. Don’t take too long to make decision.
Both business gas and electricity market is unpredictable and prices are very volatile – they change roughly every day. Once we have provided with few business energy quotes and your are happy with one of the price, its idle to get that contract as soon as possible as prices are not guarantees for next hour/ day or a week.