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Why Food Processing businesses should compare energy prices

23 August 2021

All businesses are keen to find ways to reduce their overheads. However, many businesses are still missing out on significant potential savings by failing to compare energy prices. As food processing businesses often run particularly high energy usage, failing to switch energy suppliers could be costly. Here, British Business Energy look at the benefits of using an energy comparison to find the right energy supplier. 

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1. Comparing the latest prices is quick and easy
Going it alone when searching for the best business energy prices can be incredibly time-consuming. By using an energy comparison service, you can avoid going from supplier to supplier yourself.
By answering just a few questions about your energy usage, you can view the latest energy prices from a wide range of suppliers. You can then simply select the right energy tariff for the needs of your business.

You can quickly view a breakdown of the full estimated yearly costs of potential tariffs, including any standing charges and government levies.

2. The switching process can be handled for you
Business energy switches can be more complicated than switching domestic energy and the process can become time-consuming.

Many energy comparison services will take care of the entire switching process for you. They will handle negotiations and setup with your new supplier on your behalf. This can remove the hassle of switching supplier and ensure your tariff best suits your energy usage.

3. You can receive renewal reminders
Under Ofgem rules, energy suppliers are only required to send renewal letters to micro businesses. They are under no obligation to inform larger businesses that their energy contract is coming to end. As business energy exit fees can be punitive, failing to switch or renegotiate during your renewal window can be costly. 

When you switch with an energy comparison service, you can often set up reminders as your renewal window opens towards the end of your contract. This will detail the latest energy deals from new suppliers and your current provider.

4. You can access better rates
When you compare energy prices with a broker, you can often access better rates than when going it alone. Brokers work closely with a number of large and small suppliers on behalf of a wide range of businesses. These relationships often allow them to negotiate better prices than a regular customer.

Why switching energy suppliers is so important

For many businesses, it’s easy to overlook gas and electricity costs as the day-to-day running of operations takes over. Yet failing to switch or renegotiate your energy deal can prove costly.

If your energy tariff with your current supplier comes to end and you haven’t switched or negotiated your contract, you will likely be left on out-of-contract rates. This can lead to an increase of up to 80% on your gas and electricity prices.

Comparing energy prices when you hit your renewal window can help you avoid these sharp price increases.

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