The best business energy brokers

Discover how a business energy broker can help you find the best deals on your gas and electricity.

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Business energy brokers put in all the heavy work to help you find the best business energy deals for your company premises.

This service tends to be in high demand, not only because business owners tend to be incredibly busy, but also because finding the best business energy deal can be complicated.

Instead of offering predefined tariffs that every business can access, suppliers in this market tend to offer bespoke quotes based on the size and needs of the customer. As useful as this is, it can make it more difficult to track down the best deal.

Thankfully, the top business energy brokers have developed an expertise in this. After gathering a few details about your business, a great broker will be able to find a fantastic energy deal for you.

These businesses are sometimes labelled as Third Party Intermediaries (TPIs). There are plenty of established companies in this field, including: Fortis, Business Juice, Gazprom and Gaia Energy.

However, in order to be presented with a competitive deal, it is important to work with a reliable broker.

How to find the best broker for business energy

  • Reliability. Use a broker that has signed up to the Third Party Intermediary (TPI) Code of Practice. By signing up to this code, the broker agrees to follow specific regulations to best serve its customers.
  • Cost. Some brokers will charge customers for its services. Others are completely free, as they receive a commission from energy suppliers.
  • Full market coverage. It’s important to establish how many energy suppliers that a broker will compare for you. If it’s only a handful, you’re unlikely to be offered a competitive deal. In order to be sure of a fantastic deal, you’re best off working with a broker which searches the whole market.
  • Transparency. Before you agree to switch energy providers, your broker should present you with a forecast of your new annual bill. They should also compare your new contract with your current one, as well as other alternatives across the market. It should be simple to access all the terms of your contract, including its start date and expiry date. A good broker will also be able to provide an accurate timeline of your switch.
  • Customer service. Some brokers will go the extra mile for your business, not only by arranging an energy switch on your behalf, but also by making you aware when the contract is due to expire. This helps prevent a situation where you have to negotiate for a deal while you’re out of contract. A broker’s customer service levels may be especially important if your new deal falls through. In this situation, a great broker will be able to proactively get in touch to suggest and arrange alternative energy deals.

How much should you be paying for business energy?

The cost of your business energy is dependent on your location and your choice of tariff. To give you an idea of how much you should pay, here are some recently-published industry averages.

Average business electricity prices

Business sizeUnit costStanding charge
Micro-business12.5p per kWh27p per day
Small business11p per kWh25p per day
Medium business10.5p per kWh22p per day

Average business gas prices

Business sizeUnit costStanding charge
Micro-business4.1p – 4.5p per kWh23p – 26p per day
Small business3.8p – 4.0p per kWh21p – 22p per day
Medium business3.5p – 3.7 per kWh18p – 20p per day

What about energy for small business?

If you opt for a longer fixed-rate period, you may pay more for the extra security. You may also choose to pay more to use a provider that creates energy from renewable sources.

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