Compare Business Electricity

Compare business electricity rates today. Save on business electricity prices in minutes using our easy to use comparison tool.

Compare Business Electricity

As a business, you can compare business electricity suppliers and save your business money on your business electricity rates.

Business rates for electricity are one of the most significant expenses for businesses, so it’s essential to make sure you’re paying the best possible price, the best way to do this is by using our tool to compare business electricity prices.

It’s simple to compare business electricity suppliers and our guide answers any outstanding questions to help you with your next switch.

How to compare business electricity rates

Comparing business electricity rates is simple. Here are the three simple steps to allow you to compare the latest business electricity rates.

Enter your details.

Simply enter in your property details for us to begin the comparison.

Our experts talk you through the best deals.

Our electricity experts will collate the best business electricity deals and talk you through these on screen, answering any questions you may have on the process. Once you’re happy with one of the electricity quotes, we’ll proceed with the switching process.

We will take care of the switch for you.

Our expert will take care of the switch for you, ensuring the process is easy and seamless. To compare business electricity prices, we will need the following details from you:

  • Postcode
  • Business Name
  • Current Supplier
  • MPAN
  • Electricity usage
  • Contact Details

That’s it, that is all the information we need from you to compare business electricity prices. You will be able to look at the latest business electricity prices and complete a simple switch to your preferred electricity supplier.

Who are the main ​​business electricity suppliers in the UK

Here’s a list of trusted business electricity suppliers that we work with to find your business the best tariff.

  • British Gas
  • Hudson Energy
  • EDF
  • Octopus Energy
  • Gazprom
  • E-ON
  • Engie
  • Crown
  • Opus Energy
  • Squeaky
  • CNG
  • SSE
  • Scottish Power

UK Business Electricity Suppliers

Current business electricity rates by supplier

The prices that are shown are using 25,000 kWh of electricity per year. These business electricity rates are correct on 5th July 2021 for a one-year fixed contract.

Current business electricity rates by supplier in the UK

*Tariffs vary by region and could change at any time.

 

What are the costs involved for business electricity rates?

There are two main charges to consider when comparing business electricity rates. These are the unit rate and the standing charge.

What is a unit Rate

The unit rate is the rate you pay for the electricity that your business consumes. The unit rate is shown in pence per kilowatt-hours kWh.

For example, the unit rate could be 15p per kWh.

What is a standing charge?

The standing charge is what your electricity supplier charges you for their service. It covers things like maintenance of the national grid, the cost of delivering electricity directly to your business and managing your account.

The standing charge will be priced in pence per day.

What are the different tariff options for business electricity suppliers?

There are different business electricity tariffs available to suit the diverse needs of businesses. When you compare business electricity it’s important to take into consideration the length of the contract and the type of electricity tariff you will undertake. Here is a breakdown of your available options:

Fixed-Rate

A fixed-rate tariff is a tariff where you pay a fixed amount per kilowatt-hour of electricity – this stays the same throughout the duration of your contract. You know precisely the cost of your electricity usage, and it protects you from any fluctuations in pricing.

A fixed-rate tariff is usually the cheapest way to pay for business electricity rates; make sure you compare before signing up to ensure you get the best electricity rates for your business.
The only negative is that if there is a reduction in wholesale costs in the electricity market, you won’t receive the discounted rates.

But the other side is if the wholesale prices go up, you will not incur any rise in electricity prices. Fixed-rate allows you to plan the cost of electricity into any future projections.

Variable-Rate

A variable-rate tariff is a tariff that varies based on the current market price for electricity. The lower the price, the less you pay; however, if the price rises, you’ll be spending a lot more than a fixed-rate deal – on the other hand, if the price drops, you’ll be paying a lot less for your electricity.

If you don’t like uncertainty, we recommend the fixed-rate option.

Deemed rate tariff

A deemed rate tariff is a tariff given to you based on the old occupant’s supplier. For example, if you’ve moved into new premises and haven’t yet signed up to a new business electricity supplier, you’ll be given a deemed rate by the previous occupant’s supplier.

These are generally more expensive than new customer rates, so you should look to compare your deal and switch to a lower cost tariff as soon as possible.

Rollover

A rollover electricity tariff is where you do not arrange a new electricity contract before your current deal ends. Your current electricity supplier can then roll you over onto a new deal. The business electricity rates for a “Rollover” contract tend to be far more expensive than a fixed-rate deal; make sure you compare before your electricity contract comes to an end.

Note: If you run a microbusiness, your electricity contract cannot last more than 12 months.

Green energy

Green energy deals are environmentally friendly electricity offering electricity from renewable sources. They also offer green energy tariffs based on offsetting power produced from non-renewable energy by funding ecologically friendly initiatives.

Each “Green Tariff” will enable you to query the validity of their environmentally-friendly credentials, so don’t be afraid to question them.

What is the average price per kWh for business electricity rates?

The average price per kWh for business electricity varies on the size of your business and the annual usage of electricity. See below our table broken into business size, annual use, the average unit price per kWh, the average standing charge and the annual bill estimate.

Just to note, this is only a guideline and will depend based on your business electricity tariff, your energy supplier, the length of the contract and the current state of the market.

Business Electricity Rates

What is the VAT on my business electricity bill?

As a business, you will pay 20% on VAT for electricity costs. This is automatically added to your bill by your electricity supplier. However, you may be eligible for a 5% discounted rate based on your business. These exceptions are:

  • A charitable or non-profit organisation.
  • Low energy usage. Low energy usage is defined as less than 1,000kWh of electricity usage every month (33kWh a day).
  • Use at least 60% of your energy for domestic purposes—for example, a care home.

How can I reduce my business electricity rates?

Business rates for electricity, combined with the cost of gas supply, can be one of the most expensive overheads that businesses incur.

So how can you reduce your business electricity costs?

Turn off office equipment that is not in use.

By leaving printers, laptops, computers and photocopiers on standby, you can use a lot of energy throughout the day. Make sure you turn off any of your office devices at the end of the day to help save you a lot of money on electricity.

An example is commercial printers used in offices. One commercial printer will use between 30 to 50 watts per hour on standby. Switching this off when not in use will save your business money over the week, month and year.

Energy-efficient bulbs, and switching off your lights.

One of the top contributors to your business energy bill is lighting. Lighting consumes a vast amount of electricity and usually commands around 40% of your electricity usage.

Turning off lights is essential when leaving a room or when your staff are heading home to help combat the high usage. Another way to reduce this is to install devices that switch the lights off when no movement is detected.

As well as installing energy-efficient light bulbs, like LED light bulbs. Make sure you utilise the natural light in the office, as this will reduce your electricity bill and improve your employees’ well-being.

Comparing business rates for electricity

By comparing your current business electricity rates, you will be able to see if you could save money by switching to a new tariff or to a new electricity supplier for your business. Use our comparison service to compare the latest business electricity prices and save today.

Educate your staff

Educating your staff to switch off devices, reduce the heating and switching off lights will help save you a lot of money. You can’t always rely on smart devices, especially to switch off a computer whilst plugged in.

But educating your staff around switching off equipment whilst not in use or before they leave the office will save your business an incredible amount of money.

Who has the cheapest business electricity rates?

There isn’t a set answer for the cheapest business electricity supplier. It’s completely dependent on numerous factors relating to your business, including:

  • Location (Region)
  • Electricity usage
  • Tariff type

This is why it’s good to regularly compare business electricity prices to see if you can make any savings. Use our electricity comparison service today.

Who supplies my business electricity?

To find your current business electricity supplier, the Energy operators can tell you who it is. To do this, use the Energy Network Association tool, and this will help you find your business electricity supplier using your postcode.

Once you find out who supplies your business energy, reach out to them to obtain your contact details. They can also give you your MPAN (Meter Point Administration Number). This tells you and your electricity supplier where your meter is.

Who has the best business electricity rates?

It depends on multiple factors. The best business electricity rates depend on:

  • The type of business electricity tariff you choose.
  • The Location (Region) of your business
  • Your annual electricity usage

To see the best business electricity rates for your business, you should use our business electricity comparison service today.

This way, you can compare the current business electricity rates today and see the best business electricity rates for you.

Compare business electricity rates.

To compare business electricity prices, simply jump to our postcode finder and begin the comparison.

Follow the simple steps above to immediately compare business electricity rates.

FAQ – Compare Business Electricity

Here is a breakdown of frequently asked questions by people looking to compare business electricity prices.

Where can I find my meter number (MPAN)?

You can find your MPAN on your latest energy bill. MPAN stands for Meter Point Administration number. The MPAN is also referred to as 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.

Can I cancel my business electricity contract?

Yes, you can.

To do this, you will need to terminate your current contract. To terminate your agreement, you will need to find out the official end date of the contract you’re currently in.

Then you will need to write a termination letter to your supplier noting your end date and the notice period for terminating this agreement in your original contract from your electricity supplier.

This will ensure you don’t get any charges for terminating early and not get hit by a renewal either in the future from this supplier.

One thing to note is that if you do terminate your contract, ensure you have found another supplier to move to immediately on the date of termination.

If you don’t do this, you’ll be hit by “Out of contract rates”, which will see you potentially pay double on your current contract.

Is business electricity cheaper than domestic?

Your electricity consumption, location and business size determine business electricity prices. The prices for business electricity may be lower than domestic as the electricity will be purchased upfront to cover the entire period at the best possible rate.

The wholesale energy market determines these business electricity prices.

Something worth remembering is that businesses pay a higher VAT rate on their electricity at 20% compared to the 5% domestic customers pay.

What is a deemed electricity contract?

A deemed contract is a default electricity contract that is put in place when you haven’t agreed on electricity rates for your business with an electricity supplier.

A deemed contract usually occurs when your business moves into new premises and starts using electricity and gas without agreeing on a contract with an energy supplier.

The biggest issue with these is that the rates are costly and can be as much as 80% more than the cheapest business electricity rates in the market.

Here’s an interesting article on deemed contracts by the Evening Standard that shows 10% of microbusinesses are on a deemed contract.

It’s worth checking today to ensure you’re not being charged on deemed contract rates.

Who are the big six business electricity suppliers?

Traditionally the big six electricity suppliers were:

However, OVO acquired SSE’s customer portfolio in December 2019 and has technically dropped out of the “Big Six”.

What is a kWh?

A kWh is a “Kilowatt-hour”, a measurement unit used by utility companies to monitor how much electricity (or gas) a business premises has consumed. A kilowatt (kW) is a universal measure for electricity usage.

kWh is always quoted on your business electricity bills and shows you exactly how much you have used.

What is business electricity?

Business electricity is an electricity tariff that is strictly for business use only. Contracts tend to last longer for business electricity rates, and you can compare business electricity quotes with a number of suppliers.

There are a few differences between business electricity prices and domestic electricity:

  • Business electricity prices change daily.
  • Contracts are much longer for business electricity than household electricity rates.
  • Quotes for business electricity are tailored, giving you room to negotiate better rates over a longer period than domestic contracts.
  • Businesses are not eligible for “Dual Fuel” deals.
  • You pay more VAT on business electricity rates. You pay 20% compared to the 5% you pay on domestic bills.

How much money could switching save your business?

The amount you can save is subjective. It depends on several factors, including the following:

  • Current business electricity rates
  • Size of your business property
  • Your businesses overall energy efficiency

It’s worth looking at these electricity-saving tips above to help lower the overall cost of your business electricity rates.

Use our business electricity comparison above to see how much you can save by switching your business electricity supplier.

What if you run your business from home?

If you’re working from home you will only be able to switch your current energy contract to a business tariff if the majority of your electricity usage arises from the operation of your business.

The threshold can vary from supplier to supplier, so it’s worth doing your research and seeing if your business is eligible for a commercial electricity contract.

Does your business need a half-hourly meter?

If your business uses a large amount of electricity, you will need a half-hourly meter.
Legally, if your business has a maximum demand of 100kW or greater in any half-hour period during the day, you must use half-hour metering.

However, if your business has a maximum demand of 70kW or more in half an hour, you have the option to install a half-hourly meter; it’s not a legal requirement. Anything less than 70kW per half an hour there is only limited benefit in having a half-hourly meter installed.

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