For many businesses – particularly those with multiple sites and facilities – energy bills make up a large percentage of overheads, making them a priority when looking at ways to keep commercial costs low.
A simple solution is to switch your business energy supplier to get a better tariff rate. However, if you’re new to the world of business electricity, or you run a large-scale business with many variables to consider, finding the best deal requires a significant time investment.
This is where a business energy broker can come in.
Energy brokers work closely with energy suppliers and use that relationship to secure their customers a better energy deal than what they achieve by themselves.
A broker will do everything they can to ensure their client receives the best possible deal and in return will claim a commission on the energy that the client uses.
A commercial energy broker helps compare business energy prices from a number of suppliers, helping their clients get the best deals.
Businesses use a commercial utility broker to save time and money on securing a deal and make the switching process easier, especially if you're a larger business with half hourly meters installed.
Business energy brokers offer a range of different services from comparisons to assistance in managing energy consumption.
Common services offered by business energy brokers include:
When you compare with an energy broker, you will have immediate access to quotes from a wide range of energy suppliers. This avoids the time-consuming process of going from supplier to supplier obtaining business gas and electricity quotes yourself.
Your energy broker will handle the process of the switch on your behalf by communicating with your current and new supplier. This includes arranging a date for your switch and ensuring your new bills will be accurate.
If you choose Love Energy Savings to handle your business energy comparison, we will contact you towards the end of your new contract to ensure you can stay on the best energy deal available.
This service will ensure you can avoid costly rollover rates and never overpay for your business energy again.
Your energy broker can assist you with energy efficiency, consumption reduction and analysis. Using access to your usage data, your broker provides advice on ways you can manage your business can manage its energy costs.
Comparing suppliers with a business energy broker is a much quicker process than going it alone.
To start your comparison, you will usually need to provide your energy broker with the following information:
With this information, your broker will provide you with a range of energy tariff options from their database of suppliers. You can then select the tariff you want to switch either online or over the phone.
Once you’ve selected your new tariff, you will be asked to sign a Letter of Authority which allows your energy broker to get you set up with your new supplier and manage the switching process.
Whether it’s a freelancer, a contractor or a consultant, there are upsides and downsides to hiring an external party to help with your business. The same is true for commercial energy brokers.
Things to consider
At Love Energy Savings, we pride ourselves on our first-class customer service, making it effortless for our business energy customers to compare prices and secure the right deal.
We’re proud that our commitment to putting the customer first has seen us rated excellent from over 10,000 Trustpilot reviews.
We work hard to make the switching process as simple as possible for you. By comparing with us, you will have the choice of switching online or over the phone with one of our expert advisers.
Once you’ve chosen the tariff that’s right for your business, we will provide you with a dedicated account manager who will be on hand to support you throughout the switching process.
You can even keep up to date with the progress of your switch online using our Track My Switch tool.
To start your switch today, simply enter your postcode and find out how much you can save on your business gas and electricity.
Call our team for a friendly chat at 0800 9888375 or fill in our contact form for an online enquiry.
An energy broker helps customers purchase energy from suppliers/wholesalers. By hiring the services of a broker, customers can secure more competitive deals than if they dealt with a supplier directly. Brokers will monitor an energy account and inform you when a contract is coming to an end — they’ll then assist with the switching process.
There are over 3,000 energy brokers in the UK today, but few have the credentials to get you the deal you need.
If you’re in need of a business energy broker, make sure you research all your options to ensure you’re hiring the services of a reputable source.
No. An energy broker will secure a deal for you and manage the relationship between customer and supplier. However, as they do not directly involve themselves in transporting or distributing energy, a broker does not need the same licences as a supplier.
That said, a reputable broker will adhere to a code of practice that ensures you get the best service possible. This means they’ll be transparent about how they work and the suppliers that they work with.