Energy
2
min read

Compare business energy plans

Written by
Michael Koopman
Published on
November 21, 2024

There are a few ways to compare business energy plans: comparison sites, brokers, and consultants. But the best way is to have it automated for you every month.

Comparing business energy plans with brokers

There are small business brokers that help you find better prices.

The problem is they get paid commission by retailers, and they only work with a few of the biggest retailers in the market.

This means their incentive is to put you on rates that pay the biggest commission. That's why you don't see them working with many small retailers.

And part of this deal is that they agree with brokers to not go looking for better prices for you for another 12-24 months.

But the energy market can change a lot in one month, let alone 12 months.

Comparing business energy plans with comparison sites

Comparison sites can also be helpful but their commission structure also means their incentives are fundamentally misaligned with yours.

It's all tedious and time consuming to compare every meter every few months, especially when you manage multiple meters for your business.

Comparing business energy plans with consultants

Consultants don't have the same incentive misalignment as brokers and comparison sites but they charge a flat fee regardless of the savings they find you.

Because they're not tech enabled they're generally expensive and can often cost more than the savings found.

Small business energy comparison compared with Termina

Termina automatically keeps you on the lowest electricity and gas prices every single month for every meter.

Termina monitors the market every month to find better prices with the group buying power of thousands of meters.

And we refuse commissions from retailers. Instead our revenue comes from a portion of the savings we find you. So our only motivation is to save you as much as possible.

We sign bulk agreements throughout the year as well as optimise for the best market rates every month.

This locks in savings when prices go down that you benefit from, while benefiting from previous agreements when prices are going up.

So you have peace of mind you're on the best rate every month.

When looking to compare electricity and gas options, it’s essential to focus on strategies that reduce energy costs. By finding the lowest cost energy plans, businesses can significantly cut expenses and optimise their energy usage. Leveraging tools and services that monitor the market and negotiate better rates can ensure consistent savings and enhance overall energy efficiency

If you want someone who's in your corner to keep your energy costs down, get a savings estimate now. There's no lock in, entry or exit fees.

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