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Helping UK businesses find cheaper deals on their business energy bills
All businesses depend on energy to run smoothly. Yet all too often businesses find themselves on expensive energy tariffs which don’t suit their needs.
The good news is that it’s easy to compare business energy quotes and find a cheaper deal online or over the phone.
At Love Energy savings, we’ve built strong partnerships with trusted business energy suppliers, giving you instant access to incredible energy deals.
Since 2007, we’ve helped hundreds of thousands of customers enjoy big savings on their business energy bills by helping them to switch to cheaper gas and electricity tariffs. It’s one of the reasons why we have become one of the leading business energy comparison services in the UK.
So, whether you run a start-up enterprise, a small to medium-sized business or a large multinational corporation, you can start saving money on your business energy bills by switching to a cheaper deal today with Love Energy Savings.
Why compare business energy with Love Energy Savings?
There are a variety of reasons to switch business energy contracts from reducing your gas and electricity bills to choosing a tariff that matches the needs of your business.
Yet many businesses are continuing to overpay for their energy having never switched their gas or electricity supplier.
At Love Energy Savings, our goal is to take the hassle out of switching your business energy supplier. It’s never been easier to compare business energy quotes with us and the entire switch can be managed on your behalf.
By switching business energy, you can take control of your bills and select a tariff type that suits your business. Whether you’re searching for an eco-friendly tariff, multi-site metering, or no standing charge options, our energy experts can help you find the perfect deal for your business.
With Love Energy Savings, you can quickly access the best prices on the market from the widest possible range of business energy suppliers. Once you’ve chosen your tariff, you will even have a dedicated account manager to support you throughout the switching process.
With a typical business customer at Love Energy Savings saving over £840, why wait to compare business energy quotes?
1 358,105 customers switched and £100 million saved as of April 2021
2 Since inception, Love Energy Savings has saved customers on average £840 on each switch. This data was collected on 07.04.2021.
The average SME electricity bill is £2,400pa (consumption below 50,000kWh).
Switching your business energy supplier has never been easier!
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Get quotes in seconds - Simply enter your postcode and energy habits for a bespoke comparison of incredible gas and electricity deals in your area. Click here to get started.
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It’s easy - Our advanced comparison engine does all the hard work for you and calculates your results for an easy, reliable and reassuring market comparison.
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It’s stress-free - Simply choose the right deal for you and confirm your switch – we’ll notify your suppliers and handle the switching process to make it as simple as possible for you.
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Excellent customer experience - We’ll keep you up-to-date throughout the switching process and you can track the progress with ‘Track My Switch’.
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Fully managed accounts - You’ll be appointed a dedicated Account Manager who will look after everything; from switch to renewal.
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Enjoy great savings - With Love Energy Savings you’ll never overpay for your business energy ever again!
See how much you could save on your energy bills...
Why you should switch your commercial energy supplier
If you haven’t switched your business energy supplier for a few years, or if you’ve never switched at all, you are likely to have been ‘rolled over’ to a more expensive tariff. This will often leave you significantly overpaying for your business gas and business electricity.
By comparing business energy prices with Love Energy Savings, you can find the best energy tariffs available to suit the needs of your business. We use our technology and our expertise to help you switch the best business energy tariff quickly and easily.
Our top tip
Don’t assume that you must switch suppliers to get a great deal! Over 55% of Love Energy Savings customers stay with the same supplier and still save money.
How to switch to a cheaper business energy deal
Understandably, many business owners feel they don’t have the time to switch energy suppliers. At Love Energy Savings, we know how busy you are, so we’ve made it as simple and hassle free as possible to compare business energy quotes.
When you choose to switch business with us, you can avoid investing time going from supplier to supplier requesting quotes to find the best rates. By providing us with just a few details about your business, you can view the best energy deals on the market almost immediately.
Before you compare business energy quotes, it’s important to find out when your contract is due to expire. This will let you know when you will enter your renewal window, which is usually 6 months. Your energy bill or contract should clearly show when your current deal is up for renewal.
Once you’re ready to switch business energy, simply follow our 3-step guide to find a better deal.
See how much you could save on your energy bills...
Business energy suppliers
There are now more than 50 business energy suppliers in the UK offering different benefits and services to customers.
Although it’s important to secure a good deal, price shouldn’t be your only consideration when changing energy suppliers. You will need to choose a provider who can meet the specific needs of your business.
Many businesses continue to use their incumbent supplier or a supplier they switched to several years ago. However, there is little reward for loyalty in the energy market. In most cases, new customers will have access to an energy supplier’s best prices.
By comparing business energy suppliers with Love Energy Savings, you can access the best deals available from our trusted providers.
Choosing your business energy supplier
At Love Energy Savings, we’ve worked with businesses of all sizes to help them find the best business energy supplier for their specific requirements.
With our wide range of suppliers and tariffs, you can be confident that you can find the right business energy deal for you without the need to invest time in shopping around.
The big 6 business energy suppliers
Most people will be aware of the big six energy suppliers. Despite increased competition, the big six continue to hold the largest market share for both domestic and non-domestic properties.
As they are well established and recognisable companies, the big six energy suppliers are often seen as safe choices when it comes to switching business energy supplier.
Independent business energy suppliers
The business energy market offers a wide range of suppliers and independent suppliers play an important role in that.
As the market covers a range of business sizes and types, it is common to find independent suppliers catering for specific needs. This includes gas only providers, suppliers catering for large businesses, and renewable energy providers.
Green business energy suppliers
As the name suggests, green business energy suppliers offer renewable energy tariffs. Recent years have seen an increase in the number of energy providers offering green energy solutions to businesses.
Energy is generated through renewable sources such as wind, solar, and hydro with any non-renewable energy used offset through investment in environmental projects.
Best rated business energy suppliers
When comparing business energy suppliers, it’s not only the price you’ll need to take into consideration. It’s vital for your business to receive the best customer service from your new supplier.
With Love Energy Savings, you can find information on every supplier we work with as well as supplier ratings from aggregated review by Google certified review partners.
What are the average business energy bills?
At Love Energy Savings, we use our industry knowledge and strong relationships with energy suppliers to offer you the best deals on the market and reduce your business energy bills.
However, many businesses are unsure as to how much they should be paying for their gas and electricity. This can leave businesses significantly overpaying for their energy bills and causing an unnecessary increase in overheads.
How are business energy plans calculated?
There are a number of factors that are taken into consideration when calculating business energy plans, these include:
- Your location
- The size of your premises
- Your current energy supplier
- Your current spend on business energy
- Your current consumption of kWh units and current standing charges
- Your meter type (standard, economy 7, maximum demand or half hourly)
When you request a business energy quote, all of these factors will be taken into consideration. Based on this information, you will be provided with a selection of energy comparisons that will give you specific information on:
- Day unit rate (kWh)
- Night unit rate
- Standing charges
- Fixed term period (if applicable)
- Estimated annual bill
- Estimated monthly bill
Tips for saving on your business energy bills
Even when you have switched to the best business energy tariff for you, there are still steps you can take to reduce your energy costs.
Implementing some simple energy- saving tips can really affect your energy usage and bring down your business bills.
- Switch to energy- efficient LED or CFL bulbs
- Consider investing in light sensor switches
- Turn off computers and laptops instead of leaving them standby
- Set up a temperature control to reduce heating costs
- Invest in a business energy audit
Energy tariff types explained - what are the different tariff types?
Understanding Business Energy Prices
Your business energy rates will be made up of two main charges – your price per kilowatt hour (kWh) and standing charges.
What is a kilowatt hour (kWh)?
Kilowatt hour (kWh) is a unit of measurement that is used by energy suppliers to measure how much energy you use per hour. So, if you really want to make sure you’re getting the best deal when you’re comparing energy prices, it helps to know how much you’re currently paying per hour for energy.
The amount of energy you use will depend on the size of your business and the type of work you do.
For example, the average energy consumption for a micro business (a business with 1 to 9 employees) is between 5,000 — not much more than the average UK household — and 15,000 kWh per year. That’s about 25 kWh per day.
While small and medium-sized businesses might use up to 65,000 kWh per year depending on their industry, huge businesses like factories can use as much as 20 million kWh annually! That’s why it’s important to shop around and make sure you’re getting the most competitive deal.
What is a standing charge?
Your standing charge is a daily fee which is charged by a supplier to cover the costs of keeping your premises connected to the energy network.
You will be charged a daily standing charge fee regardless of how much energy you have used on that day.
Businesses which operate seasonally or only use energy a few days a week may benefit from a no standing charge tariff. This will set your daily standing charge to zero usually in exchange for a slightly higher price per kWh.
The latest business energy prices per kWh
Here, we’ve provided the average prices per kWh for a range of business sizes.
Business Electricity prices per kWh
| Business size | Annual Usage | Unit Price/kWh | Standing charge | Annual Bill |
|---|---|---|---|---|
| Micro | 8,000 kWh | 16.74p | 27.40p | £1,439 |
| Small | 20,000 kWh | 14.83p | 26.83p | £3,064 |
| Medium | 40,000 kWh | 13.68p | 26.41p | £5,568 |
| Large | 80,000 kWh | 12.93p | 26.20p | £10,439 |
Business Gas prices per kWh
| Business size | Annual Usage | Unit Price/kWh | Standing charge | Annual Bill |
|---|---|---|---|---|
| Micro | 5,000 kWh | 3.925p | 27.40p | £296 |
| Small | 15,000 kWh | 2.303p | 26.83p | £443 |
| Medium | 35,000 kWh | 2.228p | 26.41p | £894 |
| Large | 75,000 kWh | 1.925p | 26.20p | £1,539 |
Choosing your business energy tariff
When you compare business energy, it’s important to know which tariff type will best suit the needs of your business.
The right tariff for you will depend on how your business operates, how you want to pay for your energy, and the type of energy you want to receive.
Here, you can find some of the most common tariff types:
Fixed rate tariff
A fixed rate business energy tariff means that you will pay a fixed price on the amount of energy used (per kWh unit).
This tariff is incredibly popular with businesses as you enjoy consistent billing every month and it provides protection against energy price increases if the market fluctuates.
When you compare business energy prices, make sure you look at how long prices are fixed for before you switch. In some cases, business energy suppliers could fix their energy plans for up to 5 years.
Variable rate tariff
A variable rate business energy tariff means that you unit price you pay for your energy can fluctuate throughout your contract.
Although your business won’t enjoy the consistent billing offered by a fixed price tariff, you will benefit if there is a reduction in energy costs.
Businesses should only switch to a variable rate tariff if they are comfortable with potential increases in their unit rate.
No standing charge tariff
The main benefit of a no standing charge tariff is that you will only pay for the energy you use. However, you are likely to pay a higher unit price per kWh for the energy you do use.
A no standing charge tariff can be a good option for seasonal businesses or businesses which only open for a few days a week.
If your business is open all year round and is energy-intensive, you may be no better off with a no standing charge tariff.
Multi rate tariff
Multi rate business tariffs include Economy 7 and Economy 10 tariffs where a business will pay a lower unit rate during off-peak hours.
These tariffs often suit businesses which are mainly open and use energy during the evenings or on weekends.
Your unit rate during peak hours is likely to be higher than on other tariffs so it’s important that you only switch to a multi rate tariff if you will use most of your energy outside of peak hours.
Green energy tariff
Green energy is any energy generated from renewable sources which don’t deplete the Earth’s resources. This can be through renewable electricity, renewable gas or carbon offsetting.
An increasing number of suppliers are now offering green energy tariffs meaning there is more choice than ever for businesses.
Although green energy tariffs originally had a reputation of being more expensive than other tariffs, there are now a number of much more affordable green energy tariffs for business.
By comparing business energy with Love Energy Savings, you can compare the widest range of green energy suppliers to make sure you are on the best deal for your business.
How to get accurate business energy quotes
With Love Energy Savings, you can receive bespoke business energy quotes from a range of trusted energy providers.
We take the leg work out of searching for the cheapest energy deals. There is no need to invest time going from supplier to supplier to compare quotes, simply complete our quick online comparison.
Before comparing business energy quotes, you should:
- Find out when your business energy contract is ending
- Find a copy of your MPAN & MPRN numbers
- Think about the tariff type you’d like to switch to
- Consider how long you’d like your contract to last
What are the advantages of using a business energy broker?
For most business owners, it’s understandable that dealing with energy contracts will not be a number one priority.
By working with a business energy broker, you can benefit from expert industry knowledge and access to the best deals on the market. As brokers work closely with energy suppliers, this allows them to secure better prices on business energy rates than regular customers.
A business energy broker can then provide advice and answer any questions you may have on the tariffs available to your business.
Comparing business energy with Love Energy Savings
Once you’ve chosen your tariff, a business energy broker such as Love Energy Savings will handle the entire process of your switch on your behalf.
At Love Energy Savings, you will be provided with a dedicated account manager who will keep you up to date on the progress of your switch and answer any questions you may have. You can also receive updates online at any time by using our Track My Switch tool.
Our energy experts will also help you stay on top of your business energy contract by letting you know when your contract is coming to end to help avoid expensive rollover contracts.
To start your switch with the business energy experts at Love Energy savings, simply complete our online energy comparison tool.
Large business/Corporate Energy
Energy solutions for large businesses
Large businesses often have specific requirements when it comes to their gas and electricity. At Love Energy Savings, we offer corporate energy solutions to businesses to ensure they can access the best gas and electricity deals available.
If your business has a maximum demand of 100kW or more in any half- hour period, you will be required to install a half- hourly meter. Businesses with a maximum demand of 70kW or more will also have the option of switching to a half- hourly meter.
A half- hourly meter offers accurate billing by providing your supplier with meter readings automatically every half hour.
Whether you want to install a new half- hourly meter or switch your existing tariff, the business energy experts at Love Energy Savings can help you.
You can find the best energy prices for your large business by completing an online comparison or calling us on 0800 9888 375.
We've helped hundreds of thousands of customers switch to a cheaper tariff - saving millions in the process. Our dedication to customer savings doesn’t stop there. Switch with Love Energy Savings today and unlock some incredible deals on water, business insurance and telecoms.
“Great Service. Sam was really helpful in taking me through the charges on our bills and where we could save money. She identified that we were being incorrectly charged VAT on our bills. She was really efficient and a pleasure to speak to”
C Folley, Trustpilot review
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Business Energy FAQs
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What information do I need if I want to switch business energy?
You will need to make sure you’re choosing the best deal for your business when switching your business energy supplier. To accurately compare quotes, you will need the following details which you’ll find on your energy bill:
- Your supplier name
- Your monthly payment amount
- Current energy consumption and unit rate (kWh)
- Your MPAN number, also known as supplier number
With this information, you will be able to compare new quotes against your current rate. When you find the right deal for you, you can switch your business energy.
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What should I do if I’m moving business premises?
If you’re moving business premises, there are a number of things you need to do:
- Contact your energy provider and tell them when you’ll be leaving the premises
- Provide a final meter reading and keep a copy for your records
- Leave Direct Debits in place until your contract has been fully terminated.
When you get to your new business premises it’s essential you set up a new energy contract as soon as possible to prevent you from being overcharged for your business energy:
- Take meter readings as soon as you move in
- Compare energy prices as soon as possible
- Choose a new supplier and give them your meter readings and confirm the date you moved in
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Can charities and not-for-profit organisations get discounts on business energy?
Charities and not-for-profit organisations may not receive energy discounts, but they can get reductions on VAT (from 20% to 5%) and be exempt from the Climate Change Levy, which could help reduce energy bills overall. Discounts are not automatically applied, so make sure you speak to one of our experts about getting these discounts applied to your energy bills.
Read our helpful article Is Your Charity Making The Most of VAT Reduction on Its Energy Bills? for more information.
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How do I switch business utilities?
Switching business utilities is very easy. Simply start by comparing utility prices, when you have found the right deal for your business, click ‘switch now’ to complete your switch online.
At Love Energy Savings, we’ll handle negotiations between suppliers too, making the whole process as stress-free as possible.
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How long will it take to switch?
Once you’ve found your new, cheaper tariff, it takes between 4 and 6 weeks to complete the switch from one supplier to another. We will manage this process for you, so you don’t have to.
The transfer is seamless; your energy will not be cut off as a result of switching. We’ll keep you up-to-date if there are any transfer issues. If you have any queries before or after the switch, please don’t hesitate to contact your personal Account Manager on: 01204 372 746.
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Will my business be disrupted when I switch?
There won’t be any disruptions to your supply, so it will be business as usual!
We’ll liaise with your existing supplier and negotiate the entire process for you. We’ll let you know when your switch has been completed.
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How much could I save by switching my energy provider?
How much you can save is dependent on how much energy you use. But, on average, businesses with an electricity bill of £2,400pa (consumption below 50,000kWh), can expect to save up to £943 when they switch.
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What is a deemed contract?
A deemed contract will usually be in place for both gas and electricity if you move into new premises.
You may also be moved to a deemed contract if your existing contract has come to end but you continue to consume energy.
The cost of a deemed contract is on average 80% more than rates charged in a negotiated contract. If you are on a deemed contract, you could make significant savings by comparing business energy tariffs.