Compare Business Electricity
Compare February 2024 Electricity Quotes and Save up to 45% Today
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Following the unprecedented energy crisis of 2022, most UK SMEs pay for electricity with a variable rate tariff. In the last few months, the electricity market has stabilised, and there are now significant savings to be made by switching to a fixed business electricity tariff.
Find out how much your business can save by entering your postcode into our smart business electricity tool below.
Here are the top five most important factors to consider when comparing business electricity quotes:
If your business has more than one property, managing your electricity contracts in a single multi-site comparison can save time and money.
A multi-site solution makes managing business electricity contracts easier and allows you to access cheaper business electricity rates:
The benefits of multi-site business electricity comparison are:
Our business electricity experts will help you compare consolidated business electricity quotes from multiple suppliers. Start by entering the postcode of your main property into our comparison tool below.
Businesses concerned about their environmental impact are adopting green business electricity tariffs. The terminology of the different green electricity can be confusing so let’s compare green business electricity deals:
Mixed business electricity – Green electricity generation now accounts for over a quarter of all electricity generated in Britain. In a standard business electricity contract, most electricity will come from non-renewable sources. Review the fuel-mix disclosure on the website of your business electricity supplier to find out exactly how much.
Direct generation green electricity – In a direct generation quote, your supplier commits to never separating renewable energy guarantees of origin (REGOs) from underlying electricity purchases. More simply, direct generation means your electricity comes from renewable sources only.
Indirect generation green electricity – A green contract where your supplier may purchase REGOs separately from electricity. Separate REGO purchases may occur on windy days with excess green electricity making them cheap. It allows your supplier to buy electricity from non-renewable sources if it holds excess REGOs.
Carbon offset green electricity – In this green contract, your supplier may use electricity generated from fossil fuels by offsetting greenhouse gas emissions by purchasing carbon credits from investments such as forest regeneration.
Smart export guarantee electricity – A special contract designed for businesses with their own renewable electricity generation, such as solar panels. The scheme allows you to purchase and sell electricity to and from the national grid. Find out more in our guide to the smart export guarantee.
AquaSwitch founder Ben Brading says, “It’s a great time to compare business electricity
Most government support for business electricity rates ended in March, so businesses will start paying the real cost of electricity.
But happily, there are also now good rates available in the market. The unseasonably warm winter has eased the pressure on the wholesale market, making electricity cheaper for businesses.
During 2022, the cost of electricity for businesses rose to unprecedented levels.
Thankfully, the start of 2023 has brought an easing of the market, with business electricity falling to pre-crisis levels.
The government continues to support businesses that entered into expensive fixed business electricity contracts during the crisis.
The current government support is called the Energy Bill Discount Scheme. Under the scheme, companies will automatically receive a discount of 1.961p/kWh from electricity bills if the wholesale element of your electricity bill exceeds 30.2p/kWh.
With AquaSwitch, you can compare the latest business electricity prices for free and get a range of quotes to compare.
We make it simple. We’ll start with just a few details about your property and electricity supply. Our team will prepare a business electricity comparison document where you can see the best business energy tariffs currently available on the market.
You can discuss any questions or queries you may have with our business electricity experts.
Here is a breakdown of frequently asked questions by people looking to compare business electricity.
A business electricity tariff forms part of your contractual agreement with your business electricity supplier.
An electricity tariff is how the supplier will charge you for providing an electricity supply.
Here are the key parts of a business electricity tariff:
Yes, variable business electricity tariffs typically have no fixed end date, and you are free to switch suppliers at any time.
To compare business electricity prices on a variable tariff, simply select “I’m out-of-contract” on our smart comparison form. Our business electricity experts will then provide you with a comparison report of quotes offering an immediate switch.
You can find your MPAN on your latest electricity bill. MPAN stands for Meter Point Administration number. The MPAN is also called the “S Number” or a “supply number”.
The MPAN is a 21-digit number that begins with an S – making it easy to identify. Even though the MPAN is used to identify your property, you won’t find it on the meter and will have to review a past electricity bill to locate the number.
A deemed contract is a default electricity contract that is put in place when you haven’t agreed on commercial electricity rates for your business with a supplier.
Here’s an interesting article on deemed contracts by the Evening Standard that shows 10% of micro-businesses are on a deemed contract.
Business electricity is a specific type of electricity quote where a licensed business energy supplier will provide electricity to a non-domestic property.
The key differences between business electricity and domestic electricity are:
It depends on your current business electricity tariff. In a standard variable tariff, your business electricity prices per kWh can increase or decrease depending on market conditions.
In a fixed electricity tariff, there are only limited circumstances where your business electricity rates can change. Check out our full explainer on unexpected increases in my business energy contract.
If you are looking to compare business electricity for your home office, you’re unlikely to be able to qualify for business electricity tariffs. However, we can help you compare domestic electricity tariffs.
To qualify for business electricity rates, at least 50% of your usage must be for business purposes. Some suppliers will demand an even higher percentage to qualify your home usage as business usage.
If you are looking to compare business electricity for your home office, you’re unlikely to be able to qualify for business electricity tariffs.
Business electricity contracts have a section that says what happens if you reach the end of your contract without arranging a new one.
Typically, you’ll continue to be supplied by your current business electricity supplier with either:
Either way, these automatic business electricity contracts are unnecessarily expensive. To avoid wasting money, we recommend using our business electricity comparison service to arrange a renewal or a hassle-free switch to a new supplier.
Here’s our complete guide on what to do at the end of a business electricity contract.
Yes, it’s possible. Most business electricity rates come with a standing charge, but you can request specific rates that do not have a daily standing charge.
However, generally in aquote without a standing charge, the unit rate of electricity you pay on consumption will be higher. This isn’t always ideal, especially if you have high consumption.
It depends on your current business electricity tariff. You can cancel anytime if your business pays for electricity in a standard variable contract or a deemed contract.
If you’re paying for electricity with a fixed-rate tariff, you’ll likely incur an exit fee to cancel your contract early.
The only exception is when vacating your property; you can cancel your contract on the move-out date by submitting a ‘change in tenancy’ form with your supplier.
Here’s our full guide to cancelling a business energy contract.
Comparing small businesses, electricity follows the same process that all companies use. Simply enter the postcode of your business and select your address to begin.
Enter a few additional details, and we’ll present you with a comparison report with the available business electricity prices.
Read the full guide on small business electricity here.
Comparing the market for large commercial electricity users can be complex. Business electricity suppliers generally only provide bespoke business energy quotes to large businesses, which take a little while to prepare.
Additionally, businesses with half-hourly meters must provide historical consumption data to obtain accurate quotes.
Our business electricity experts can help cut through the complexity. We’ll manage the process of collecting and comparing high-consumption electricity quotes. Start the process today by entering the details of your head office in our business electricity comparison form above.
The location of your business is a key factor when comparing business electricity quotes. Electricity prices depend on which local electricity distribution network serves your commercial property.
To get accurate quotes for your business location, simply enter your postcode into our business electricity comparison form above. Our smart address finder will automatically locate the details of your business name and address.
Electric vehicle charging stations consume vast amounts of electricity, so getting the best deal for your business electricity is essential.
To compare accurate business electricity quotes for EV charging stations, it’s important to accurately estimate how much electricity you expect to consume. For more information, check out our comprehensive guide to EV charging.
To start comparing electricity prices, simply enter your postcode, MPAN and estimated consumption into our business electricity comparison tool above, and our experts will collect the best electricity quotes from across the market.
In the last year of a business electricity tariff, your supplier will automatically send you a renewal offer which sets your rates that apply when your current tariff ends.
This is the best time to negotiate with your current supplier to get a better business electricity renewal offer; here’s how:
Business electricity suppliers don’t want to lose customers, so this is the point where you’re in the best position to negotiate a better deal for your business.