Switching business energy suppliers can be a difficult process, especially if you are already in a contract. It is therefore important to be aware of the terms and conditions of your contract and whether you intend to change suppliers in the future. This will make the process much smoother and easier. In addition, switching to a different provider will help you save money on your electricity bill.
Businesses
A Business Energy UK expert can help businesses reduce their energy use, reduce their carbon footprint, and cut costs. Whether you’re looking for a new energy supplier, or simply want to save money, a business energy expert can help you make informed decisions. The following are a few tips to help you save money and energy.
First, compare prices. The cost of electricity and gas for a business will vary widely. There are a number of large energy suppliers in the UK, including E.ON, British Gas, Scottish Power, and EDF Energy. However, there are also many smaller suppliers that offer competitive rates. This competition in the industry means that businesses can get significant energy savings. To help you find the best deal, use our energy comparison tool. It only takes five minutes to compare prices and find the best deal for your business.
Households
Business owners are concerned about the soaring costs of energy. The government is taking steps to help them cut their energy bills. Prices have soared significantly this year, and are expected to rise again in October. If current trends continue, energy bills will be up 54% from 2021 prices. Switching providers is one way to get the best deal.
The government is tackling the issue by reducing wholesale power prices for businesses, schools and public sector organisations. This measure will be in place for six months, and further help will be offered to vulnerable industries.
Government
The government has announced a new energy support scheme to help businesses reduce their bills. This scheme will run for six months and will target support for businesses that are most affected by the high cost of energy. It is administered by the Department for Business, Energy and Industrial Strategy and is delivered through seven UK delivery partners. However, the scheme has been criticised by green economy representatives, who want to see the scheme coupled with other measures to tackle the rising cost of living.
The new scheme will apply to non-domestic energy users in England and Scotland. A similar scheme is set to be introduced in Northern Ireland. However, businesses will have to adhere to certain rules and conditions.
Grants
Business Energy UK grants are available to businesses to help them save energy and money. The grants can help you improve your business’s energy efficiency and cut your carbon footprint. These grants are available from the government and other institutions. Businesses can also apply to receive money from the European Regional Development Fund. To find out more, visit Grants Online.
Grants can help you invest in energy-efficient products and services. The Business Energy Efficiency Anglia programme is run by Groundwork and is funded by the European Union Regional Development Fund. It offers free advice and financial support to eligible businesses. For example, an expert will assess the energy use of your company and recommend ways to cut carbon emissions. If you qualify, they will even visit your premises to make sure the steps are right for your company. Businesses that participate in the programme can also benefit from free resources and one-to-one support through the Green Business Fund.
Loans
A Business Energy UK loan can help you invest in a new or upgraded energy system for your business. This loan is interest-free and open to small businesses. It is a great way to help your business make the switch to renewable energy while also saving money in the process. However, you must meet certain criteria in order to be eligible.
To access funding, visit the BEIS website. This government body runs initiatives to help businesses become more sustainable, and has a finance search tool that allows you to search for funding for your energy efficiency upgrades. Simply enter the items you would like to improve and choose the type of financial support. Some upgrades may be eligible for capital allowances, and others may qualify for grants. Businesses should also look into the carbon trust, which is an expert partner for businesses looking to create a low-carbon future.
Price Cap
With the introduction of a new government policy on energy prices, UK businesses will be able to pay less for energy. The new Price cap for Business Energy UK is a welcome development, easing the concerns of business owners about the impact of rising energy costs. The government will give a discount on wholesale prices for both gas and electricity. This measure will apply to both domestic and business customers.
The cap will apply to business customers with fixed, variable and flexible energy contracts from April 2022. Although this policy is a welcome development, businesses may still experience losses in winter, especially if they are coming to the end of a fixed contract. This is because businesses still face massive increases in prices since they signed their contract.