Business Energy Comparison
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We compare the business energy deals offered by various trusted business energy suppliers. We compare the business energy prices of these big brands:
Use the AquaSwitch business energy comparison service to get the best business energy deals across the market. Our easy-to-use comparison service allows you to:
In energy, a large business is defined as one that consumes more than:
Suppliers will offer bespoke large business energy quotes rather than the standard energy rates given to smaller businesses if you fit into the large business category.
Comparing business energy suppliers for large organisations can be a little more complicated with the following additional considerations:
Although a little more painful, our business energy experts are here to help you through every stage of the large business energy comparison process.
Business energy is a significant overhead for most small businesses, so reducing your unit rate by even the slightest margin will help you save money.
The regular Ofgem gives additional rights to smaller businesses to make it easier to compare business energy prices and avoid expensive deemed contracts. Ofgem defines a small business as one that meets its financial or energy consumption criteria:
For these businesses, a commercial energy supplier must:
Business energy suppliers offer simple fixed tariffs aimed at smaller businesses that can help you quickly and easily reduce your energy bills. Compare business energy quotes for your small business today. Start by simply entering your postcode into our smart address finder below.
AquaSwitch has helped businesses save thousands on their business energy rates by switching to the most competitive deals available.
If you’ve recently moved into a property and are being supplied under a deemed contract, you are most likely paying needlessly expensive energy rates.
If you are coming to the end of a fixed-term contract you negotiated years ago, your renewal quotes may be more expensive due to recent rises in the wholesale cost of energy.
Business energy prices are complicated, and the quotes you receive will depend on the current state of the energy market, your location, consumption and credit score.
Our energy experts will help you compare business energy rates and prices to find the best deals regardless of your situation.
Renewable energy rates are getting cheaper each year as green technologies improve. The additional cost of a green energy tariff is getting ever closer to the price of a standard business energy tariff.
A few of the biggest energy suppliers now provide renewable energy as standard in their small business tariffs.
To get the latest renewable energy prices, enter your details in our business energy price comparison tool. Our business energy experts will automatically collect quotes from green energy suppliers for you to compare.
Here are frequently asked questions about energy comparison for business. We cover deemed contracts, cancelling business energy contracts and much more.
Business energy suppliers carefully manage credit risk when onboarding new customers. Suppliers have different approaches when it comes to assessing the credit scores of new customers. It’s common to adjust their pricing to factor in the credit risk associated with a contract.
To accept a new customer with a lower credit score, suppliers can ask for a security deposit or bill settlement by direct debit to reduce their exposure to credit risk.
Read our in-depth guide on credit scores and business energy comparison.
The cost of business energy tariffs available in the market changes daily and are affected by several different factors.
The section above shows current indicative business energy rates and how typical business energy costs have changed over the last year.
Business energy costs are impacted by the following:
The cost of business energy also depends on the location energy consumption of your company. Use the AquaSwitch business energy comparison tool to request quotes tailored to your business.
Typically, companies that consume more energy can access lower business energy prices.
The following table shows the latest government statistics on the business energy rates paid by different sizes of companies.
For business energy supply:
|Business size||Annual consumption (kWh)||Unit electricity rate/kWh|
|Small||20,000 - 500,000||27.82|
|Small/Medium||500,000 to 2,000,000||30.57|
|Medium||2,000,000 to 20,000,000||26.35|
Please note that the government statistics are about six months out of date. For the latest business energy rates, see above.
Yes, your business should get a smart meter.
The benefits of a smart meter are:
Read our guide for more information on business energy meters.
You can use our business energy comparison tool to compare the latest prices, but for AquaSwitch to manage the switch, an LOA must be completed.
Half-hour business energy meters are compulsory for commercial properties with energy demands of over 100kWh in any 30-minute period.
Check out our comprehensive guide to half-hourly business energy meters for more information.
It depends on your energy consumption, location and business size. Businesses generally benefit from purchasing more energy than households, allowing them to negotiate better prices.
Unfortunately, prices fluctuate due to the ever-changing nature of the energy market. If you receive a business energy comparison report today and look to go ahead with a quote in two days, prices will likely have changed.
Once you use the business energy comparison tool, it’s worth reviewing each supplier’s prices and then deciding whether to proceed with those rates. The rates you get today will differ from tomorrow due to volatility in the wholesale energy market.
You can cancel your business energy contract when you come to the end of your fixed term. First, you need to identify the official end date of your current contract, which you can find on your energy bill.
Once you have this, you will need to write an official termination letter to your supplier that specifies the end date in the original contract and ensures you are not charged for terminating early or automatically renewing your contract.
One thing to note is that if you do terminate your contract, ensure you have found another business energy supplier to move to immediately. If you don’t, you’ll pay “out-of-contract rates”, which are typically twice as expensive compared with fixed rates available on the market.
If you are looking to end your contract early, you will most likely pay a termination fee – this can equate to the cost of your wholesale energy rates for the rest of the contract, so be sure to contact your energy supplier to get the exact figure you will be charged for ending your contract early.
The prices offered by business energy suppliers change from day to day with the underlying energy market and depend on factors such as where your business is located.
If your business consumes a lot of energy, you can request custom rates and look to pay lower business energy standing charges.
However, if you pay lower standing charges, you’re likely to be paying higher kWh unit rates, which offset the benefit of a lower standing charge.
We recommend using our business energy comparison tool to compare the latest business energy prices and rates to give you an idea of what’s out there.
A deemed energy contract is a default energy contract that is put in place by a business energy supplier when you haven’t agreed on new business energy rates.
A deemed energy contract usually occurs when your business moves into new premises and starts using energy without agreeing to a contract with an energy supplier.
Business energy is essentially gas and electricity for businesses—the same as households but with a few differences:
For businesses, the energy quotes are singular so that you won’t receive a dual fuel price. You will be quoted separately for business gas prices and business electricity rates, unlike households where you get dual-fuel tariffs.
Businesses pay 20% VAT on business energy bills compared to the 5% VAT homeowners pay. So, business energy rates may look cheaper initially, but VAT usually pushes it slightly higher than domestic.
The unit rates are generally lower for commercial compared to domestic as the business energy supplier purchases the energy in bulk to negotiate lower rates.
At AquaSwitch, we also offer a home energy comparison service.
Normally, business energy prices are not capped. Unlike domestic energy products, energy companies are not regulated with a price cap.
The lack of a business energy price cap means that business energy suppliers’ out-of-contract rates can be much higher than current market prices. This makes energy comparison for business an essential part of keeping costs down.
Check out our complete guide to the business energy price cap.
A standing charge is added to most business energy bills. A standing charge is a fixed amount you pay daily, which covers the maintenance of the mains supply. It stays the same and does not change no matter how much energy you use.
Some business energy suppliers do not have a standing charge, but you’ll find their kWh rates are generally higher than those who include one.
Energy operators can tell you who currently supplies energy to your business property. To do this, use the Energy Network Association tool to help you find your business energy supplier using your postcode.
Once you find out who supplies your business energy, reach out to them, and they can give you your MPAN (Meter Point Administration Number) and MPRN (For Gas) as well.
A multi-site meter is an efficient way for your business to organise the billing for numerous energy supply points. This could be the billing for meters housed in one large business site or across multiple business locations.
Multi-site meters can save business owners money, time, and hassle. Trying to gather different meter reads for different suppliers around your multiple properties can be costly. It’s a huge benefit when you go to compare business energy prices.
You can only switch to a new contract the day after your contract end date. It’s important to note that it can take up to 4 weeks for a new supplier to take over your supply, so if your contract end date is less than four weeks away, you may end up on out-of-contract rates while you wait for the transfer of your supply.
There are some exceptions to this.
We recommend using our business energy comparison tool to compare business energy prices and make an informed decision.
Avoiding expensive out-of-contract business energy rates in a deemed contract is key to avoiding overpaying for business energy.
The most common indicators that you are paying for energy in a deemed contract are:
Your business energy supplier must tell you exactly what kind of contract you are on and the cheaper alternatives that they offer. If you are uncertain about the current status of your business energy tariff, we recommend contacting the customer services department of your supplier.
If you look at your recent business energy bill, it will usually state the end date of your current contract. If not, we recommend reviewing the original agreement that you signed or otherwise contacting the customer services of your business energy supplier.
It’s important to know when your business energy contract ends. If you haven’t arranged another business energy contract, you’ll automatically start paying needlessly expensive deemed standard variable energy rates.
It’s so important that we’ve published a complete guide on what happens at the end of a business energy contract.
Knowing whether your renewal quote will be cheaper than your current tariff is difficult. It depends on multiple factors. If you recently fixed for a year in the height of the business energy crisis, your current supplier may be able to fix you at a better rate for the future.
We recommend using our business energy comparison service to compare the latest prices and rates. You’ll quickly find out if your renewal quote is competitive.