Business Energy Providers in Ireland

What Should I Know Before Comparing Business Energy Providers

Before you start, it’s important you understand that business energy plans are much more complex than with domestic properties. Business energy suppliers don’t offer dual fuel tariffs, so business gas and electricity must be compared separately. Pricing can also significantly vary depending on the following factors:

• Type of Business You Operate 
  Not all businesses run Monday to Friday from 9am to 5pm. Businesses that consume more energy at night or at the weekend will usually pay lower rates during these off-peak hours since there is less overall demand.
• Location of Your Business. 
  Business energy prices vary depending on the region in which your business is located. If your business is based in a rural area, you can generally expect to pay more than if it were located in the city.
• Size of Your Business 
  The larger your business, the more buying power you have. If your business has multiple premises, you’ll be able to negotiate a better offer than if you were to operate from just one location.
• Amount of Energy Your Business Consumes 
  The more energy your business uses, the more likely you are to get a better price per unit of energy that you use.
• Type of Tariff 
  Tariffs can have fixed or variable rates. Fixed-rate tariffs protect businesses from fluctuating prices for the duration of the agreement, while variable tariffs reflect the market.
• Length of Your Contract 
  Business energy contracts can usually last anywhere from one to five years. While longer fixed-rate contracts generally have higher rates than short-term contracts, you could actually save more in the long run because these prices will be protected from any market increases.
• Your Credit Rating
  If you’ve got a low credit score, you could end up paying more for business energy because you are seen as a higher risk.

Make Sure You Know Before You Switch!

One of the most crucial aspects of a business energy contract is the lock-in period. Once you sign on the dotted line, you're typically committed to that supplier for a set period. 

This means that even if market prices drop significantly or a more competitive offer emerges, you may be unable to switch without incurring significant penalties.

While the initial cost is a major factor, it's equally important to prioritize reliability and customer support. A consistently reliable energy supply is essential for business continuity, and prompt, efficient customer service can save you time and money in the long run.

Before committing to a contract, take the time to thoroughly research potential suppliers:

• Check Online Reviews: Look for customer reviews and testimonials to gauge a supplier's reputation for reliability, customer service, and billing accuracy.
• Compare Contracts: Carefully analyze the terms and conditions of each contract, including the lock-in period, pricing structure, and any additional fees or charges.
• Consider Your Business's Specific Needs: Factor in your business's energy consumption patterns, any special requirements (e.g., renewable energy), and future growth plans.
• Seek Expert Advice: If you're unsure about the best choice, consider consulting with an energy broker who can provide personalized advice and help you negotiate favorable terms.

A reliable energy supplier ensures:

• Minimal Disruptions: Fewer power outages or supply interruptions, reducing potential losses and operational disruptions.
• Consistent Service: Reliable energy delivery, especially crucial for businesses with critical operations.
• Peace of Mind: Knowing that your energy needs will be met, allowing you to focus on your core business.

A responsive and helpful customer support team can:

• Resolve Issues Promptly: Address billing errors, meter readings, and technical problems efficiently.
• Provide Expert Advice: Offer guidance on energy efficiency, renewable energy options, and cost-saving strategies.
• Offer Flexible Solutions: Work with you to find solutions that meet your specific needs.

By carefully considering these factors and conducting thorough research, you can make an informed decision that will benefit your business for years to come.