Secure even better deals with Switch Whiz today!
With business electricity and business gas prices soaring, it is no surprise that so many business owners seek the services of business energy brokers. But what exactly do these intermediaries do?
We select the best, most affordable energy deal for your business. On top of that, we can explain confusing legal jargon, negotiate new contract terms, and speed up the entire process.
Business energy brokers are third parties that help business owners find the best energy deals possible. The broker speaks to business owners, gains insight into their needs, and negotiates with suppliers on their behalf.
Essentially, brokers are there to navigate the complicated world of business energy for you.
Business energy brokers offer a wide range of services, including:
Some brokers can even provide in-depth energy analysis for your business.
One of the biggest benefits of employing a business energy broker is the cost savings. Brokers are specially equipped to navigate the ever-changing energy landscape, meaning they can spot a deal from a mile away.
Business owners save an average of £1,952 per year when they switch with us. With so much money on the line, it is always worth contacting an energy broker and being aware of your options.
There are plenty of brokers waiting to help you secure the best business energy deal possible.
There are lots of benefits, but just as many drawbacks. One of the biggest concerns about business energy brokers is transparency. Some brokers take payment indirectly through business energy bills, which can make some customers feel as if they have been swindled.
At SwitchWhiz, we always disclose our commission. You pay no upfront fees, and in return, we provide you with open, honest communication. Together, we can cut your costs and find the best business electricity and business gas deals on the market.
Looking for a broker you can trust? Contact our team today.
Business owners across the UK employ online energy brokers to save time and money.
Energy brokers are especially useful for people who:
In our experience, small and medium business owners benefit from business energy brokers because they eliminate a lot of the boring, time-intensive admin work. This allows business owners to focus on their products, services, and clients while a broker works in the background.
Choosing a business energy broker might seem daunting, but there are a few questions you can ask to separate the fraud from the real deal.
Remember, there are hundreds of energy brokers out there! You don’t have to settle on the first broker you find.
Business energy brokers work on a commission basis. The fee is written into the contract, and brokers only receive payment once the customer starts using energy.
Broker fees are expressed as an amount per unit of energy, typically in pence per kWh. The amount of commission typically starts at 0.05p per kWh and is usually capped at 1- 2p by energy suppliers.
Most business energy brokers have long-standing relationships with a handful of suppliers. The relationships are based on mutual trust and the desire to secure the best deal possible. Brokers who have this sort of insider insight into the business energy landscape can negotiate great gas and electricity deals.
It all depends on which broker you go to. If you go to a more traditional broker, you will need a few key pieces of information.
Once your business energy broker has this information, they can inquire about energy deals on your behalf.
If you want to avoid this kind of admin, you can use our comparison engine. To start your search, just input your name, business address, and contact details. There is no need for letters, documents, or other complex admin work. Just input your details, wait for 30 seconds, and browse through tailor-made energy quotes.
A Letter of Authority (LOA) gives an energy broker permission to speak to suppliers on your behalf. Typically, a LOA will outline specific boundaries. This means that the broker will only ever act in a way that benefits you, even when you are not privy to conversations between them and energy suppliers.
Yes. If you have a business energy meter, it is still worth speaking to a broker. They can read the terms and conditions of your contract, advise you on energy usage, and plan for the future.