Switch to the Cheapest & Best Business Electricity Deals.

In an era where every penny counts, we understand that reducing expenses is essential for your business to boost profitability. Electricity costs often form a large part of your overheads, yet many overlook potential savings. With today's competitive energy market, you can tap into cheaper suppliers—if you know where to look and how to navigate the process. At Switch Squid, we’re here to guide you with insight, expertise, and a personalized approach.

We know that business electricity rates aren’t one-size-fits-all. They’re made up of two main components:

• Unit Rate (per kWh): Often lower for businesses due to larger consumption, though there are challenges.
• Daily Standing Charge: A fixed cost that covers infrastructure and is usually higher for business tariffs.

For example, in Q4 2023, the average rates (including the Climate Change Levy) were:

• Micro businesses: 32.21p per kWh
• Small businesses: 34.57p per kWh
• Medium businesses: 32.54p per kWh
• Large businesses: 30.62p per kWh

By regularly comparing and switching suppliers as your contracts expire, you can secure better unit rates and manage costs more effectively. And that’s exactly what we help you achieve at Switch Squid.

When choosing your business electricity tariff, it’s important to match the deal to your needs. Here’s what we offer:

Fixed Rate Tariffs

• Stability & Predictability: Lock in the cost per kWh and the standing charge for the term of the contract.
• Ideal for Budgeting: This option protects you against market volatility, simplifying your financial planning.

Variable Rate Tariffs

• Flexibility: Prices change with the market, potentially offering lower costs when wholesale rates dip.
• Watch Out: They can rise if market prices go up, so monitoring is essential.

Time of Use Tariffs

• Tailored Savings: Enjoy reduced rates during off-peak hours—ideal if your business usage varies.

Blend and Extend

• Hybrid Approach: This option lets you renegotiate before the renewal window, balancing current market rates with previously locked-in prices.

With our expert advice, you can choose the tariff that best suits your energy usage and financial strategy.

We consider several key factors that determine your overall electricity costs:

• Annual Consumption: Larger energy use often means lower rates per kWh.
• Geographical Location: Regional differences can affect pricing.
• Meter Type: Specific meters (such as Economy 7) can influence your rates.
• Additional Charges: VAT, the Climate Change Levy, and other fees add to your total cost.

By keeping an eye on wholesale prices and these other factors, we help you time your switch perfectly to lock in the best deals.

Unit Rates

• Market-Driven: Your unit rates reflect changes in wholesale prices.
• Secure Your Costs: Fixed-rate contracts can lock these rates in, providing stability for the duration of your contract.

Standing Charges

• Daily Fees: These cover the maintenance and delivery of electricity.
• Cost Trade-Off: Some suppliers offer tariffs with no standing charge, but that might mean higher unit rates.

Let’s Compare: We simplify this process so you understand how these fees affect your bill.

Beyond the base rates, there are additional charges that might affect your bill:

• Regulatory Fees: Charges like the Climate Change Levy, Renewable Obligation, and Feed-In Tariff.
• Miscellaneous Charges: Delivery fees, taxes, and even late payment fees (for example, EDF Energy’s £30+VAT fee for missed payments).
• Exit Fees and Deposits: Sometimes incurred when switching or terminating contracts.

We ensure you’re fully aware of these extra costs so you can avoid any surprises.

Switching suppliers isn’t just about lower prices—it’s about improved contract terms and long-term savings. Here’s what that means for you:

Potential Savings

• Lower Bills: You could save up to one-third on your electricity bills by switching.
• Market Advantage: Avoid costly deemed rates that often come with new premises.

Improved Contract Terms

• Fixed-Term Deals: Lock in favorable rates to protect against price hikes.
• Negotiation Leverage: Secure better terms with a flexible notice period (often just 28 days).

At Switch Squid, we make switching simple and optimized for maximum savings, so you can focus on what matters most—growing your business.

Sustainability is a core value we share with you. Green tariffs not only help reduce your carbon footprint but can also be cost-effective:

Renewable Energy Tariffs

• 100% Renewable Options: Many of our suppliers offer green tariffs sourced from solar, wind, or hydro.
• Transparency: Renewable Energy Guarantees of Origin (REGO) certificates let you know exactly where your energy comes from.
• Cost-Effective: As renewable energy becomes more mainstream, these tariffs are increasingly competitive.

Smart Export Guarantee (SEG) Tariffs

• Earn While You Save: Since January 2020, businesses can sell excess renewable energy back to the National Grid.
• Additional Revenue: This program replaces the old Feed-In Tariff and adds another way for you to benefit from renewable energy.

We help you explore these options so you can support sustainability while saving money.

Switching suppliers can be quick and hassle-free. Here’s how we guide you through it:

Steps to Switch

• Timing is Crucial: Plan your switch at the end of your current contract to avoid exit fees.
• Notification: We help you notify your current supplier within the required notice period.
• Smooth Transition: The switch typically takes about five working days after approval, with no disruption to your existing equipment.
• Final Checks: We ensure that all your contractual and financial obligations are settled before your new contract begins.

We’re with you every step of the way to make the process as seamless as possible.

We’ve seen it all, and here are a few pitfalls to watch out for:

• Missing the Switching Window: Only switch at contract end unless you’re on a deemed or out-of-contract rate.
• Overlooking Standing Charges: Don’t just focus on low unit rates—make sure you factor in high daily fees.
• Long-Term Commitment Risks: Avoid locking yourself into inflexible contracts that might not suit future needs.

Our expert comparison tools help you avoid these mistakes by ensuring you evaluate every aspect of your deal.

Understanding your energy consumption is key to saving money and boosting sustainability:

• Track Usage Patterns: Identify when and where you’re using the most electricity.
• Invest in Technology: Tools like smart meters and energy management software provide real-time data.
• Adopt Renewable Solutions: Consider options like commercial solar panels to offset costs.

We help you analyze your energy usage so you can negotiate better deals and achieve long-term savings.

By Business Size

Smaller Businesses: Often face higher rates per kWh (e.g., around 34.57p for small businesses) due to lower consumption.

Larger Enterprises: Benefit from economies of scale, with rates around 30.62p per kWh.

By Industry

Small Business Bills: Can range from £200 to £600 monthly, depending on team size and location.

High-Volume Users: Industries with large energy demands may benefit from advanced metering like half-hourly smart meters.

At Switch Squid, we provide tailored quotes that consider your business size and industry, ensuring you get the best possible deal.

Staying informed about future price trends is essential for managing your energy costs:

Recent Trends

• Price Increase: Since October 2024, rates have risen by 1.52p per kWh—a 6% increase due to broader market pressures.
• Stabilization Outlook: Projections for 2025 suggest rates may stabilize around 26.6p per kWh for smaller businesses, though still above pre-crisis levels.

Strategic Implications

• Be Vigilant: Market monitoring is key as geopolitical and seasonal factors influence prices.
• Use Smart Comparisons: Our online tools ensure you’re never locked into an unfavorable rate.

We empower you with the latest insights and tools to stay ahead of the market.

Good customer support makes all the difference in managing your business electricity:

Importance of Support

• Seamless Transitions: Reliable support minimizes any disruption during the switch.
• Expert Guidance: We work with suppliers like EDF Energy, who use AI tools for 24/7 assistance, ensuring you’re never left in the dark.
• Informed Decisions: Reading supplier reviews helps you choose a partner that aligns with your needs.

At Switch Squid, we combine competitive rates with exceptional support to give you peace of mind.

Our online comparison tools are designed to make your life easier by simplifying the process of finding the best energy deals:

Key Features

• Tailored Quotes: Simply enter your details, and we provide customized offers.
• Clear Comparisons: See one-year fixed rates, standing charges, and other details side by side.
• Smart Integration: Minimal paperwork means you can quickly switch suppliers without hassle.
• Expert Oversight: We supervise the transition to ensure your new contract starts smoothly.

How to Use Them

1. Enter Your Details: Provide your business postcode and energy usage.
2. Review Offers: Compare multiple quotes to find the best fit.
3. Clarify Contract Terms: Make sure you understand contract length, notice periods, and unit rates.
4. Make the Switch: Authorize a seamless transition managed by our experts.

Our platform is built to simplify the process so you can focus on what really matters—running your business.

Reducing your electricity expenses is crucial for business success. By understanding the structure of electricity rates, evaluating tariff options carefully, and leveraging robust comparison tools, you can secure significant savings while supporting sustainability goals. At Switch Squid, we’re dedicated to simplifying this process—providing you with clear, expert guidance that makes navigating the energy market straightforward and stress-free.

Take control of your business electricity costs today. Let us empower your decision-making with transparent comparisons, expert advice, and tailored deals designed to save you money—all while keeping your operations running smoothly and sustainably.