Energy For Large Businesses
Compare 2023 large business energy rates
Just enter your business postcode…
Business energy bills are one the most significant expenses for large businesses, and reducing them is a priority. As well as reducing energy costs, large businesses in Britain are looking to become more energy efficient for financial and environmental purposes.
In this guide, we look at the definition of a “large business” and how these businesses can reduce costs.
A large business is defined in the energy sector as one of two things, these are:
If your business fits within one of these categories, business energy suppliers will class you as a “large” business. Most suppliers will offer you bespoke energy rates, advise your business to become more energy-efficient and offer devices such as multi-site meters.
These special types of meters are solely to record the consumption of large businesses to ensure they are being billed fairly and accurately.
Half hourly meters (also known as HH or 00) are electricity meters that send consumption data to your business electricity supplier every 30 minutes. This allows the supplier to bill you accurately for what you’ve consumed.
Older AMR (Advanced meters) also allow half-hourly metering and standard smart meters. If you have a demand of over 100kWh, you must implement half-hourly metering reading as a compulsory measure under P272.
You can find this on any electricity statement in a box marked ‘S.’ Half-hourly meters are sometimes called ’00 meters’ for this reason.
Businesses that use a half-hourly meter will have agreed on a “Maximum import capacity”. This figure is agreed with your local Distribution Network Operator (DNO). This allows them to ensure they have enough supply to meet your maximum import demands.
If you use over the maximum agreed amount, your business must pay an Excess Capacity Charge by the DNO.
This charge is based on what you’ve used over the agreed amount and will be charged through your current business energy supplier.
Multi-site energy meters (or multi-location meters) are a simple way for a large multi-site business to organise the billing and readings for each site.
It makes accurate billing easier and is significantly more time-efficient.
You will pay the standard rates during normal hours, but they will offer an “off-peak” rate that offers lower rates during weeknights and weekends.
Off-peak times vary depending on three factors, these are: