⚡ Energy Education

Finding the Best Electricity Supplier for Your Business

The right energy partnership does more than save revenue — it's a working relationship built to cut cost and lift efficiency. Here's everything you need to compare rates and providers with confidence.

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Natural Gas

Electricity

Finding the Best Electricity Supplier for Your Business

Finding the best electric company for your business impacts more than just saved revenue. The relationship between energy supplier and business owner should be formed tactfully, as you work together to identify opportunities to minimize cost and maximize efficiency. With so many factors to consider, finding the best electricity deal is easier said than done.

In this article, we've compiled all the information you need to compare electricity rates and business electricity providers to make an informed decision.

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Reach out directly to learn how Aggressive Energy can help you decrease your utility budget while increasing your energy efficiency.

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Understanding How to Compare Electricity Rates For Your Business

Having to compare electricity rates can easily become a time-consuming burden on business owners. Electricity quotes aren't always priced the same from company to company. To effectively compare rates it's important to understand how business energy suppliers price their services and the factors that influence the market.

Electricity Costs Vary By Region

The price of electricity by state tends to vary mostly due to a number of environmental factors. Whether or not you live in a state with a deregulated energy market plays a big role too. If your business is in a deregulated energy state, the volatility of the market gives you more opportunity to negotiate pricing.

However, energy costs vary from state to state regardless of whether the state has energy choice. Environmental factors — like living somewhere naturally warmer, or the natural supply of a specific energy source — also play a large role in fluctuating prices.

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ClimateWarmer regions, different demand curves

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DeregulationChoice markets enable negotiation

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Local SupplyProximity to energy sources

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State LinesPricing varies regardless

Compare Electricity Rates by Market

Like most things, the price of electricity depends on supply and demand — how much energy you need, how much your region has, and the kind of energy: natural gas or electric power. Because the two are measured and priced differently, we'll break them down individually.

🔥 Natural Gas

Gas market prices rise the most during winter, when many homes and businesses use natural gas to power heaters. Higher demand means higher cost. Gas can also produce electricity — used heavily in summer — causing demand outside winter too. Fall and spring are the "off-season," when natural gas suppliers store unused gas to build reserves and relieve price fluctuations. The gas market is also more dependent on factors outside the US, since much of it is imported.

Winter peakStorableImport-sensitive

⚡ Electricity

Similarly, electricity rates rise during winter and summer months. Dissimilarly, electricity cannot be stored the same way natural gas is. Storing electricity is far more complex, meaning the market doesn't have reserves to stabilize cost. However, electricity also has more local energy-efficient sources that can power it, which helps stabilize supply.

Dual peaksHard to storeLocal sources

Being Prepared to Switch Electricity Providers

Switching providers should be strategic — don't wait until the last minute to start researching. Here's what to look into before getting serious about switching suppliers.

Review your current contract

Check the date your current energy provider contract is up. If you still have a while left, there may be a penalty fee for breaking it. Note your starting energy rate and any price changes since, then review your current plan so you can accurately compare electricity rates — and identify which features you can't live without.

Assess business energy usage

For many small businesses the cheapest energy company is favorable — but not always. The best energy company looks different for every business, since usage varies across industries. Commercial energy requires far more than small business energy. Work with your staff to assess which areas cost you the most, and why.

Finding a New Energy Supplier

You want to be sure the provider you switch to is the right long-term decision. Do adequate research so you're not back in the same position soon. These are the key factors to keep in mind.

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Reliability & Experience

You'll need a company that's stable, experienced, and proven. An established electricity provider understands your business energy needs almost better than you do. Read each company's "About" page and check reviews on Google and Yelp.

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Energy Efficient = Cost Efficient

Beyond saving the environment, conserving energy helps businesses save money long-term. The best electric companies know energy conservation is here to stay — and how to help customers implement it when comparing electricity rates.

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Solutions & Service

Anyone impresses at the intro stage. To choose the most impactful electric service provider, ask how they'll maximize your service to reduce expenses. Ask about support options and hours — in an emergency, you'll need a supplier who can help immediately.

The best electricity deal educates you on eliminating risk

It offers a customized solution specialized to meet your business's energy needs. If that sounds like the deal for you, let's talk today.