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Renewable Business Energy FAQ
What is renewable energy for business?
As hydrocarbons become scarce and human activity continues to have a marked impact on the environment, the argument for switching to greener forms of energy grows stronger, including within the policies of certain organisations who want to secure energy contracts from suppliers who get energy from renewable sources. There are a growing number of providers capable of providing renewable business energy, helping UK businesses become greener.
Where does renewable business energy come from?
Renewable energy for businesses can come from a number of sources:
- Solar power
- Tidal power
- Wind power
- Biomass power
- Geothermal power
- Hydroelectric power
Why should I seek renewable business energy?
Moving towards more renewable sources of energy for businesses not only helps reduce your carbon footprint, but it sets a standard for others to follow. It also puts your business on a sustainable footing in the long-run and could also contribute to your commercial image and reputation.
Renewable sources are naturally occurring and so the overall costs may be less volatile as a result. This is because they don’t risk running out or facing the type of supply disruptions as hydrocarbons do.
Is renewable energy more expensive for businesses?
Green energy tariffs can prove to be more expensive than those for other sources of energy. However, there is an increasing amount of competition in the renewable energy sector, giving you a growing number of options to choose from. Adequate research can help ensure you get the cheapest deals.
What is a green tariff?
Energy suppliers are increasingly offering ‘green tariffs’ as a way of supporting renewable energy. A green supply tariff ensures that some, if not all, of the electricity you purchase can be met by a matching purchase of green energy, made on your behalf.
You may find your energy comes from conventional fossil fuels, mixed in with more sustainable sources of energy. It is still debated just how this changes the amount of renewable energy you will ultimately be provided with. Green funds don’t affect or involve your actual electricity supply, but you can pay a premium towards a fund that can go towards the development of greener energy in the future.
How can I keep my renewable business energy costs down?
Going green can help your business become more energy efficient, but you can also employ a number of methods to keep your costs down while you run your business. For instance, you could invest in more energy-efficient appliances such as energy-efficient light-bulbs, which reduce general wastage and have a lower carbon footprint.
Also, you could ensure your business property is properly insulated. Poorly-insulated business properties may lose money as more heating is lost to the outdoors. Better insulation retains the heating, reducing wastage.
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.