Large Business Energy
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There’s no one size fits all when a large business energy. Most require custom cost control and efficiency management.
What Is Classed As A Large Business?
Businesses consuming more than 200,000 kWh of gas and 55,000 kWh of electricity per year is classed as a large business energy user.
What Energy Solutions Are Available?
We have unique options available for large business energy. Options include buying from wholesale suppliers and collective buying schemes.
We will create a custom energy deal to ensure your business is managing and not overspening.
Switching with us means you will have access to various management tools. This helps with managing energy efficiency. Your account manager will ensure you’re getting the best deal. We will be in touch if we can get you a cheaper deal. Your account manager will remind you when renewal opens. This ensures you get a handle on your business energy prices. You will never be placed on an expensive rollover contract.
Why Switch Large Business Energy With Us?
Half hourly meter pricing records records usage every 30 minutes. This helps efficiency and reporting. This data will be useful when auditing your usage for the renewal window. Businesses using half-hourly meters change tariffs through a tendering process. This is best handled by an accredited broker.
Management software larger companies implement efficiencies. This could be across a portfolio of buildings, offices and stores. This could save multi-site businesses between 9% and 35% a year.
An energy broker helps you get access to market leading prices. Our flexible approach manages a seamless tendering and auctioning portfolio specific for your needs. Our services help public authorities, industrial users, multi-site high street retail outlets and other high volume users of energy.
Wholesale market data could predict the retail pricing. Fluctuations and volatility occur on a regular basis. This means it’s vital to understand when to procure for the next 12 months. Read how this affects your business with trending data for the past few years.
The Carbon Cost Reduction is a Government programme. They charge levies on all businesses to reduce the UK’s carbon footprint. Reporting is mandatory for half hourly customers. UK league tables are produced showing how companies perform.
Restaurants, pubs and hotels have unique challenges with keeping their gas and electricity costs low. This in-depth guide shows you how to improve energy efficiency and reduce your unit costs to save money.
In 60 seconds, you can compare business electricity prices and select the tariff that’s right for your company.
What are the average electricity prices for a large business?
A large business using 80,000 kWh of electricity per year should expect to pay around £10,429. This is based on a kWh price of 12.93p and a standing charge of 26.20p.
Many large businesses have different requirements. This means pricing is not always as straight forward as the above calculation. A standard rate of 20% is applied to business energy. Some businesses may be eligible for a VAT reduction. You can read more about that here.
For more information contact our Corporate Team on 0800 690 6008. They will help with procurement, invoicing, quotations, tendering and management software.
What are wholesale energy prices?
Wholesale energy prices are set by market activity. World events and weather can impact the rate. The prices move up and down based on supply and demand. Large businesses can bypass traditional suppliers for cheaper energy. This avoids any markups that the suppliers charge to manage your account. You can read more here.
Am I eligible for a VAT reduction on my business energy?
VAT is paid on business energy if annual turnover is more than £85,000 per year. VAT reduction is rare for larger businesses. Businesses are eligible for a VAT reduction if are a charity or non-profit. Small businesses are often eligible due to their low energy usage.
What is a multi-site meter?
These meters are used by businesses with multiple locations. This means that business energy for multiple buildings can be managed on one billing account. This includes offices, factories and any other places of business. They also help manage the switching process with one renewal date.
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