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**Love Energy Savings aim to beat the forecast annual cost of any 1, 2 or 3-year fixed electricity or gas initial renewal offer, based on your annual consumption that you provide. More T&Cs here.
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Commercial Energy FAQ
What are commercial energy contracts?
Commercial energy contracts are agreements between energy providers and businesses, lasting months or years, supplying businesses with the energy their facilities require. Commercial energy tariffs vary, and there is plenty of choice in the market.
How do commercial energy contracts work?
There is an important distinction between domestic energy contracts and commercial contracts. You may notice that commercial energy rates will be lower than those you are offered as a domestic consumer. Domestic consumers tend to buy energy on a monthly basis, whereas businesses purchase energy in bulk, to match the expected energy consumption over the length of the contract.
When’s the best time to switch commercial energy providers?
Switching or looking for a new commercial energy provider can prove more cost-effective, when carried out in advance of your current deal expiring. Your current provider may assume you wish to remain with them unless you explicitly state otherwise, and so they may automatically put you onto an out-of-contract plan, where the commercial energy rates could be much higher.
How do commercial energy deals vary in cost terms?
Deemed-rate and rollover contracts are at the high end of the cost range, and automatically result from not altering your deal before its expiry date. Both variants result in the most expensive level of commercial energy rates.
Fixed-term and variable rate contracts are cheaper, but for different reasons. Once you have agreed to a fixed-term commercial energy contract, you will be charged a fixed price-per-unit for the duration of your contract, with the final costs depending on your energy consumption. A variable rate, once negotiated with your provider, will see its total costs determined by fluctuations in market activity, rather than consumption.
How do commercial energy contracts differ from domestic ones?
A domestic energy contract can seem more generic and you can find more off-the-shelf tariffs that suit household consumption of energy. Commercial energy contracts are bespoke and tariffs will vary, so it is vital to understand your requirements and find the providers who are placed to service them adequately.
Can I get a dual fuel deal in my commercial energy contract?
No, you cannot pay for gas and electricity on the same quote, in a so-called ‘dual-fuel deal’. If you require both gas and electricity from a supplier, you will find they provide separate tariffs on both. Before taking out a new energy contract as a business, make sure to find the gas and electricity tariffs that suit your needs best.
How do I keep my energy bills low?
One of the best ways to keep a lid on energy bills for a business is to become more energy-efficient. Consider installing appliances like energy-saving lightbulbs or making sure your business property has adequate heating, as this can ensure that you waste less energy on heating it.
Love Energy Savings £1,000 Cashback Guarantee – Terms & Conditions
Love Energy Savings aim to beat the forecast annual cost of any 1, 2 or 3-year fixed electricity or gas initial renewal offer, based on your annual consumption that you provide to us. Where Love Energy Savings decide not to offer a lower priced plan, Love Energy Savings will pay £1,000 per customer. The promotion is open to new and existing customers who are small or medium enterprises and excludes any other promotion offered by a competing supplier, e.g. cashback. Your energy tariff or fixed price contract must be in the renewal window. If Love Energy Savings can't beat the price you tell us and you'd like to claim the £1,000 promotion, we'll need to see the competing initial renewal offer either in writing or by email issued by your existing supplier. The contract start date must be within 120 days of the date on the renewal letter or email.
Love Energy Savings will review our offer and the competing offer from your existing supplier using information you provide to us such as your annual consumption as well as any additional costs or charges you'll pay in the competing offer over the contract period, e.g. distribution/transportation, VAT, Climate Change Levy (CCL) or CCL equivalent charge and government environmental charges or costs. If the competing offer is for a 2 or 3-year term, Love Energy Savings will use the same annual consumption for each year.
The promotion is available to small and medium enterprises with less than 10 non-half hourly electricity or non-daily metered gas sites who use less than 1,000,000kWh of electricity or 1,500,000kWh of gas per year. Alternative offers through third-party intermediaries are not eligible for this promotion. Any offer of a contract is subject to a credit check. If Love Energy Savings can't beat the renewal offer, then Love Energy Savings send a £1,000 cheque made out to the business name within 28 days, following receipt of the written/email offer and of our declining to beat the offer from your existing supplier.