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Helping UK businesses find cheaper deals on their energy bills

If you’re the bill payer at work, you’ll know how much more business energy is compared to domestic.

With lights, heating, air conditioning, computers and printers being used around the clock, it’s vital you find a deal that helps cut costs. Since 2007, we have helped hundreds of thousands of customers enjoy big savings on their energy bills by helping them switch to cheaper tariffs on gas and electricity.

What’s more, our commitment and dedication to growing our partnerships with trusted energy providers means we have instant access to incredible deals. It’s one of the reasons why we have become a leading energy price comparison service provider for businesses around 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 energy bills by switching to a cheaper deal today with Love Energy Savings.

Why choose Love Energy Savings to help you find a cheaper deal on your energy bills?

If there’s one thing we’re passionate about here at Love Energy Savings, it’s helping our customers save money.

Here are some of the reasons why we’ve become the first choice for businesses looking to switch…

  • We’ve helped over 249,525 customers switch1
  • We’ve helped customers save over £85.1 million1
  • On average, a typical customer saving is 40%!2
  • We handle all negotiations with suppliers
  • All business customers have a dedicated Account Manager
  • Existing customers have access to exclusive offers

1 249,525 customers switched and £85.1 million saved as of August 2019
2 Since inception, Love Energy Savings has saved customers on average £943 on each switch. This data was collected on 21.08.2019.
The average SME electricity bill is £2,400pa (consumption below 50,000kWh).

Switching your energy provider has never been easier!

  • 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.

  • 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.

  • 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.

  • Excellent customer experience - We’ll keep you up-to-date throughout the switching process and you can track the progress with ‘Track My Switch’.

  • Fully managed accounts - You’ll be appointed a dedicated Account Manager who will look after everything; from switch to renewal.

  • 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 energy supplier

It’s a common misconception that switching commercial energy suppliers is a time-consuming and complex process. At Love Energy Savings, we use our technology and our expertise to prove how fast and easy switching can be.

By being smart about how much you pay for your gas and electric, you could save your business from being locked into an expensive, rollover tariff and make significant savings that you can reinvest back into your business.

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

Here at Love Energy Savings, we know how busy you are, so we’ve made it nice and easy for you to compare business energy prices.

Follow our simple 3 step guide to find a better deal today…

  • Step 1
    Complete your details

    So that we can provide a bespoke comparison for your business and help you find an incredible deal, we need to know a little more about your business, current usage and location. Click here to get started.

  • Step 2
    Choose your tariff

    It takes less than 60 seconds for us to provide a list of suppliers and tariffs available to you. Simply choose the best option for your business and hit ‘Buy Now’.

  • Step 3
    Make the switch

    You’ve selected a great deal for your business, so we’ll take it from here, including negotiations with suppliers to ensure the switch is as smooth as possible.

See how much you could save on your energy bills...

Business energy suppliers, tariffs and prices

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What is a fixed-rate business energy 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. For more information, take a look at our helpful guide, The Complete Guide to Fixed Price Energy Tariffs.

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

Why fixed energy plans can help you save money

Gas and electricity is imported into the UK from other countries, so business energy prices can fluctuate depending on market trends.

By securing a fixed price on what you pay for business energy, you will not have to pay any more for the gas or electricity you use if prices increase, which could save you a great deal of money in the long run.

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.

Understanding Standing Charges

What is a standing charge?

When you compare business energy prices, you’ll notice that many plans have a ‘standing charge’ listed.

Simply put, a standing charge is the daily price you pay for your supplier to provide energy into your business premises, plus maintenance costs to supply it to you.

Standing charges are often charged at a flat rate and can cost anything from 5p and 60p for electricity or from 10p to 80p for gas. These charges are set by the specific energy provider, though some providers do not charge a standing charge fee.

While standing charges were once a requirement on all energy bills to make it easier for customers to compare energy tariffs, Ofgem no longer deem them essential following recommendations from the Competitions and Markets Authority (CMA). This means you could see energy tariffs with no standing charge.

Is a ‘no standing charge’ tariff better?

The advantage of choosing a tariff without a standing charge is that you only pay for the energy you use. However, you may pay a higher unit price per kWh for the energy you use. So, if your business is energy-intensive, you may be no better off with a 'no standing charge' tariff"

Always take every element of the quote into consideration before you switch utilities to ensure you’re paying the best price for your business.

Why does my business have to pay a CCL on business energy?

In an attempt to tackle global warming, the government introduced a number of taxes and schemes to encourage businesses to become more environmentally friendly.

One of these measures was the Climate Charge Levy - a tax that is charged on the energy used by UK businesses.

The tax seeks to deter businesses from relying too heavily on fossil fuels (electricity, gas and solid fuels) and switch to renewable sources of energy such as solar, wind and hydro power.

Who is affected?

Businesses working in industrial, commercial, agricultural or public service sectors are all eligible for the main rates of CCL. However, there are some businesses who can be exempt from paying CCL or eligible for reduced rates, including:

  • Small business using very little energy (less than 33 kWh (electricity) and/or 145 kWh (gas) a day)
  • Domestic energy user
  • Charity engaged in non-commercial activities

Read our guide: The Ultimate Business Energy Guide to the Climate Change Levy for more information.

What is a ‘kWh per hour’ price?

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.

How can I find out how much energy my business uses?

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.

When you’re shopping for a new energy deal, make sure you have a copy of your latest bill to hand as it will tell you:

  • Who your current supplier is
  • How much your current monthly bill is
  • What your current electricity consumption is and the unit rate (price per kWh)
“Today I received my yearly account review from Love Energy Agent, Wayne Cook. I found him helpful and courteous. He explained all my options for renewing my gas supply and switching my electric. All information was easily explained and understood. I would definitely recommend Love Energy to other business users.”
K O'Neill, Trustpilot review

Energy saving FAQs

  • What is an energy broker?

    An energy broker acts as a third party intermediary between commercial energy suppliers and businesses. Energy brokers work with several energy providers and can help businesses compare lots of prices for energy at once - saving you the hard work of shopping around for seperate energy quotes.

  • How can I compare the market for business energy?

    The easiest way to compare the market for business energy is to request a quote for business energy. Here at Love Energy Savings, we work with many well-known business energy providers, as well as several independent suppliers to bring our customers the most competitive quotes for business gas and electricity. This makes it very easy for businesses to compare quotes and choose the right one for their business.

  • What are the different business tariff options

    Businesses can choose between fixed-rate tariffs and variable-rate tariffs on business energy. Fixed-rate tariffs mean the price you pay for gas or electricity is fixed for a period of time, so if energy prices fluctuate, the price you pay will not be affected. These contracts are fixed for a period of time, from 12 months to 5 years.

    Variable-rate tariffs respond to energy market trends, so if the cost of energy increases, you will have to pay more for the energy you use. However, if market prices drop, you will pay less for the energy you use. You are not tied into a contract with a variable-rate tariff. To leave your supplier, you simply need to provide 30 days’ notice.

  • What is green business energy?

    Green business energy is a more environmentally friendly way to power your business. If you buy your business energy from a green energy supplier, your supplier is promising to match some or all of the electricity you use with renewable energy, which is then fed back into the National Grid.

    Read Love Energy Savings Guide to Green Energy Deals for more information.

  • 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.

  • List of business energy suppliers

    At Love Energy Savings, we work with the following energy suppliers:

    • Avanti Gas
    • British Gas
    • CNG
    • Crown Gas & Power
    • Dual Energy
    • EDF
    • EON
    • Gazprom Energy
    • Npower
    • Octopus Energy
    • Opus
    • Scottish Power
    • Total Gas & Power
    • Utilita
  • 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
  • Do business energy quotes include VAT and CCL charges?

    At Love Energy Savings, we include additional charges such as VAT and CCL in our quotes. For a full breakdown of costs, click ‘more details’ on all quotes provided in our comparison engine results page.

  • Can charities and not-for-profit organisations get discounts on business energy?

    Charities and not-for-profit organisations many 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 more information.

  • 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.

  • Who is the cheapest energy provider for businesses?

    The cheapest energy provider for businesses will depend on a number of factors, such as:

    • Your location
    • The size of your premises
    • Your current supplier
    • Current spend on business energy
    • Current consumption of kWh units and current standing charges
    • Meter type (standard, economy 7, maximum demand or half hourly)

    The easiest way to find the cheapest energy provider is to compare energy prices.

  • Who is the best energy supplier?

    Choosing the best energy supplier for your business is very important. You want to know that the provider you choose will value you as a customer, that you’ll receive excellent customer service and that the company acts with total transparency.

    Which? consumer magazine published a survey that compared key suppliers on a number of factors including:

    • Bill accuracy
    • Customer service (phone)
    • Customer service (online)
    • Complaints handling
    • Helping you understand and reduce energy use
    • Value for money

    Take a look at the ‘Best and worst energy companies for 2019’ survey for more information.

  • How can I fix business energy prices?

    If you want to fix the price you pay for business energy, simply choose a fixed-price tariff. Energy providers fix prices from 12 months up to 5 years, so just choose the one that you feel suits the needs of your business the most.

  • 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.

  • 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.

  • 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.

  • What do I have to do to switch my business energy supplier?

    Switching your business energy has never been easier. Once you’ve found a supplier and quote which suits your business’ needs simply hit ‘Buy Now’ or wait for one of our agents to contact you. Once you’re happy to proceed, we’ll handle the entire switch for you. We’ll need a few additional bits of information along the way, but this will all be explained in your welcome pack

  • Do energy prices change depending on your location?

    Yes – you will find that energy prices change from region to region.

    Factors that influence pricing will depend on:

    • The number of suppliers that sell energy in that region
    • The number of suppliers that buy from the generators in that region
    • The charges local distribution networks put onto your energy supply