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An open energy market provides consumers with the opportunity for huge savings on their electricity bill. Most retailers are able to sell you electricity at prices much lower than you can get from your local utility company. Businesses in particular may be able to get more savings out of the energy market, due to the larger volume of energy they consume.If you expect your business to use a lot of electricity, you may be able to arrange a discounted rate from a new supplier. There are some decisions you’ll have to make in the process:

Your Commercial Electricity Contract

When you compare business electricity contracts, there are a few elements for you to consider.

  1. Rate – Different providers will offer you different rates, for whatever reasons. These rates may be determined in part by their need for your business and their ability to supply you effectively. Again, comparing business electricity prices can be a little more involved than comparing prices for retail, since providers will want to make special offers tailored to the needs of your business.
  2. Length of Contract. You will have to make a decision about how long you want to commit to your electricity company. Typical business electricity contracts last from one to five years. Some retailers may also offer no-term electricity contracts for business; however, these typically come with a much higher rate.
  3. Variable vs Fixed – You can choose between a variable electricity plan that fluctuates with the market and a fixed electricity plan that stays the same for the duration of your contract. Variable-rate plans involve a little more risk, but can also save your business a large amount of money. If you need to hedge your bets, many retailers offer hybrid options that combine a variable and a fixed rate.
  4. Energy Source – If you’re signing your business up for a new provider, you may want to look into green electricity. Electricity from renewable sources may not cost much more than generic electricity, and it can serve as a useful source of green branding for your company. You may even want to go so far as to install your own source of renewable power.

How to Compare Business Electricity

We can help you to compare business electricity by collecting your information and distributing it to local energy retailers. You can start by entering your zip code into the box above, but instead of selecting from the published rates, you can communicate directly with local retailers in order to negotiate the best possible deal.

As particularly heavy users of electricity, a business holds more weight within the energy market than does an individual household. When each contract matters, retailers will actually want to outbid each other to secure it. If you submit your information to CompareElectricity.com, we can help you by sending it out to relevant providers and forcing them to compete for your contract.


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