Why Choose a Business Energy Broker? | Your Complete Guide to Business Energy Brokers
Business energy brokers provide a convenient solution for businesses with limited time to compare energy deals. Understand the importance of selecting the right broker, as some work exclusively with one supplier, while others have partnerships with multiple providers.
If you plan to compare business energy prices without a broker, you'll need to request separate quotes for business gas and electricity from each supplier to ensure competitive rates.
What Is a Business Energy Broker?
Energy brokers collaborate with chosen suppliers to compare prices across various tariffs, helping customers find the best deals. While some brokers work with just a few suppliers, others have a broader range. For instance, our comparisons encompass deals from a wide array of trusted suppliers, including exclusive offers unavailable directly. Confirm with the broker which suppliers are included in your comparison.
A business energy broker can be invaluable in more complex situations, such as sourcing a new energy meter or renegotiating with your current supplier if the broker has a working relationship with them. Not all brokers offer these additional services, so it's crucial to choose one that can fulfill all your energy requirements.
Why Use a Business Energy Broker?
Apart from the obvious time and cost savings achieved by using an energy broker, there are numerous additional benefits. While we can't speak for all UK business energy brokers, here are some of the advantages we offer our customers that set us apart:
A panel of trusted energy suppliers: Some brokers work exclusively with a single supplier or a select few, making it challenging to assess competitive pricing. We collaborate with a wide range of providers, offering competitive rates and exclusive deals. This includes major UK suppliers and smaller independent providers.
FREE new meter installation: We can arrange new meter installations, often at no cost, when you switch business energy contracts with us.
Advocating for you: If you prefer to stay with your current supplier, we can help negotiate competitive rates, ensuring business as usual.
Switching multiple business utilities: Our advanced comparison engine enables you to compare electricity, gas, water rates, business telecoms, broadband, and more, helping you manage your business bills effectively.
Contract end reminders: We'll notify you when your contract is about to end, preventing automatic placement on expensive out-of-contract rates.
Online switching: Our unique platform allows you to switch your business energy online at your convenience, with approval typically leading to a change within five working days.
How Much Do Business Energy Brokers Charge?
Energy brokers employ various charging methods, with commissions being the most common. Typically, the commission is integrated into the energy usage cost and included in the quoted price. Commissions can range from 1% to 2% of the total energy contract cost in some cases. Alternatively, some brokers may charge an upfront lump sum. If you're unsure about any charges, discuss them with the broker.
We always disclose our commission amount before switching your energy contracts, and you'll likely find that you're still getting a better deal compared to approaching a supplier directly.
Using an energy broker offers numerous benefits beyond cost savings
Should You Use a Commercial Energy Broker? Pros:
Gain market insights: Collaborating with a business energy consultant helps you understand your energy profile and receive tailored tariff quotes.
Contract management: A commercial energy broker prioritiSes your energy contract, notifying you when its approaching renewal, preventing rollover contracts, and assisting in deciding whether to renew or switch.
Time-saving: Whether you're a start-up or an established company, an energy broker handles the complexities of comparing energy prices, allowing you to focus on your core business.
Cost savings: Brokers' relationships with multiple suppliers enable them to negotiate better business energy rates than individual customers.
Considerations:
Supplier range: Ensure your chosen broker compares a broad panel of suppliers rather than a limited selection. If you seek specific criteria, such as a clean fuel mix, confirm that your broker collaborates with relevant suppliers.
Decision-making: While a business energy broker relieves you from comparing supplier prices, selecting the right broker requires research to secure competitive deals."
