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Electricity is one of the biggest expenditures for UK businesses, so it makes sense to ensure you’re on the cheapest tariff.
With so many suppliers to choose from, finding great deals on business electricity can feel like an overwhelming task – but that’s where we come in!
We compare hundreds of tariffs in a matter of seconds, giving you instant access to incredible deals.
And, you can do everything online! So, you can shop suppliers, choose the tariff that’s right for you and track your switch.
The power is in your hands. Let us help you make big savings on your business electricity…
With a huge range of suppliers to choose from, we make comparing business electricity prices easy.
Our aim is to make it as simple as possible for you to find the best business energy deals. So, if you want to switch business gas suppliers at the same time as your electricity, we can help you find the best gas and electricity deals in minutes.
Discover why we’ve become the first choice for businesses looking to switch to cheaper electricity deals:
a typical customer
“ I made an email enquiry and you were quickly on the telephone to me. Thanks to Love Energy Savings I now have a four-year fixed deal for electricity at what I believe to be an unbeatable price. ”Robert, Trustpilot review
By comparing business electricity with Love Energy Savings, you can choose from a range of tariffs from the leading business electricity suppliers in the UK.
Each tariff type offers its own benefits, from fixed costs over a certain period to renewably sourced energy. Find out which electricity tariff is best for your business.
A fixed rate electricity tariff is great for businesses who want to maintain control of their bills and budgeting, as they will be protected from electricity price increases.
With Love Energy Savings, choosing the right electricity tariff and supplier for your business is easy. Thanks to our trusted electricity supplier network, you can secure a fixed-term rate for 12, 24, 36, 48, or 60 months with a switching window available up to a year in advance.
Unlike a fixed-rate tariff — where you pay a fixed price per kWh unit used — you will pay the supplier’s standard rate on a variable rate tariff.
The price you pay is dependant on the market price, which means that you pay less when market prices drop. However, if prices increase, you will have to pay the inflated rate which can be quite costly.
Variable rate contracts can be cancelled with 30 days’ notice, so if you find that prices continue to rise, you can switch to a fixed-rate tariff, save money and benefit from consistent billing.
If you choose a green energy tariff, 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.
With an increasing number of business electricity suppliers offering green energy tariffs, there is now much greater choice for small and large business seeking renewable electricity.
Our dedication to customer happiness is what sets us apart from the competition.
At Love Energy Savings, we aim to take the hassle out of comparing business electricity prices & rates, allowing you to focus on what you do best – running your business.
When you’re part of the Love Energy Savings family, you’ll enjoy…
Here at Love Energy Savings, we know how busy you are, so we’ve made it nice and easy for you to compare business electricity prices.
Follow our simple 3 step guide to find a better deal today…
The more we know about your current supplier and how much you spend on business electricity, the easier it is for us to give you accurate business electricity quotes.
It’s easy to compare business electricity rates with us. In fact, it takes less than 60 seconds for us to provide a list of all the electricity deals available. Simply choose the best tariff for you.
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.
When comparing business electricity prices, it’s important to remember that there is no one size fits all tariff.
At Love Energy Savings, we work with a wide range of electricity suppliers to ensure your business has access to the right deal for you.
Here, you can find a snapshot of the current charges of some of our trusted business electricity suppliers.
|SUPPLIER||kWh||STANDING CHARGE||ANNUAL COST|
From prices correct as of 10/01/2020, based on 03 profile electricity meter and annual usage of 25,000 kWh
Sometimes, you don’t need to switch suppliers to save money. The best way to discover if you could get a cheaper deal with your existing supplier is to compare prices. Get a quote today to see how much you could save!
“ 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
There’s only one surefire way to beat energy price hikes and that’s to secure a new electricity deal as soon as possible.
If your business electricity deal is due for renewal and you don’t negotiate a new deal, you could be left on a ‘rollover’ contract paying much more than you need to for the electricity you use
You can secure a great deal up to 12 months before your contract ends, so don’t get caught out - switch to a cheaper electricity deal with Love Energy Savings.
At Love Energy Savings, our aim is to make it as simple as possible for you to have access the best business electricity quotes on the market.
All you need to start comparing business electricity prices is your business address and your contact details.
However, it can help to have a copy of your most recent bill to hand to help you get the best idea of how much you could save by switching.Why you need a copy of your electricity bill
If you really want to make sure you’re getting the best deal, it helps to know how much you pay in standing charges, how much energy you currently use and how much you pay per hour for that energy.
What are the average business electricity prices per kWh?
The cost of your business electricity will depend on a number of factors including your business size, location and the type of tariff you are interested in.
As a guide for your business, we’ve provided the average business electricity prices per kWh by business size.
Business electricity prices by business size
Business size: Micro
Annual Usage: 8,000 kWh
Unit Price/kWh: 16.74p
Standing charge: 27.40p
Annual Bill: £1,439
Business size: Small
Annual Usage: 20,000 kWh
Unit Price/kWh: 14.83p
Standing charge: 26.83p
Annual Bill: £3,064
Business size: Medium
Annual Usage: 40,000 kWh
Unit Price/kWh: 13.68p
Standing charge: 26.41p
Annual Bill: £5,568
Business size: Large
Annual Usage: 80,000 kWh
Unit Price/kWh: 12.93p
Standing charge: 26.20p
Annual Bill: £10,439
|Business size||Annual Usage||Unit Price/kWh||Standing charge||Annual Bill|
It’s important to remember that these will by no means be the best prices available to you. The quickest way to find the cheapest business electricity quotes is to compare energy prices with Love Energy Savings.Example comparison of a business based in the South East of England with a current monthly business electricity bill £450.
* Prices depend on a number of factors including business type, current usage and location. Prices were accurate at the time of the sample. Prices can change daily.
By comparing the overall savings alongside kWh and standing charges, as well as any other additional supplier discounts you’ll be able to compare deals on a more granular level and ensure you find the one that’s perfect for your business.
MPAN stands for Meter Point Administration Number (also known as a Supply Number or S Number). This 13-digit number is unique to your property and energy suppliers will use it to calculate your electricity rates. It is often displayed on your electricity bill like this:
Your MPAN number will also have a profile type number. This number tells energy providers about the type of commercial business you operate, which makes it easier for you to switch as it and simplifies the administration process for your new supplier.
To learn more about meter types, take a look at understanding meter types.
Business energy contracts are attached to the supply point - not the business owner. This means that if you are moving business premises, there will be no penalty fee for ending your contract early.What to do if you’re moving business premises:
If you are going to move business premises but your electricity deal is up for renewal before you move, it’s important that you still set up a new deal - especially if you have a few months left on the premises contract. If you don’t find a new deal and you go out of contract and continue to use electricity, you will be placed on what’s known as a deemed contract. This means you could be charged higher rates per kWh.
The quickest and easiest way to make sure you avoid high business electricity prices is to switch to a new deal as soon as possible. Our business comparison engine makes the entire process very quick and easy and our team of energy experts will take care of all the details for you, so you can focus on your business instead of your bills.
Then, when the time comes for you to move out, simply call your energy provider and let them know. Remember, energy contracts are attached to the premises, not the business owner or bill payer; therefore you will not be charged a penalty fee for ending your contract early.What is a deemed contract?
When you set up a new electricity contract with your supplier, you both agree to a number of terms, such as how much you will pay per kWh of electricity used. If you continue to use electricity when this contract ends and you do not renew with your supplier or switch to a new deal, the supplier can now place you on a deemed contract (also referred to as a default contract) and charge you their ‘deemed rates’. This means your bills will be significantly higher — in some cases, it can be as much as 80% higher than rates charged in an agreed contract, as reported by Ofgem.How to cancel a deemed contract
The good news is that there are no cancellation fees and only a 30 day notice period on deemed contracts so you can switch to a cheaper electricity deal at any time. However, it’s important to remember that switching can take a number of weeks, so if you continue to use electricity during this time, you will still pay the deemed rates until your new contract goes live.
Discover more in our helpful article: Guide to Energy and Changing Tenancy.
If your business operates across multiple sites, we understand that comparing prices may seem a little complex, but we can help simplify the process.
Right now, online energy comparison services can only provide individual quotes per meter. That’s because energy prices can differ depending on where your business is located and the size of your premises.
So, to make the entire process as easy as possible for you, simply call 0800 9888 375 and we’ll provide multiple energy quotes on multiple sites without you needing to complete separate comparison requests.
Domestic and business premises have different meters. This is because business electricity usage is different from that of domestic customers.
Your meter will have a profile number and can be found on your energy bill:
In rare cases, some businesses may have domestic 01 (domestic unrestricted) and 02 (domestic economy 7) meters. Only a handful of energy providers will provide commercial energy contracts to these businesses.
Typical commercial meters begin 03 or 04 and will pay standing charges, unit rates and a Climate Control Levy (CCL).03 - Non-domestic unrestricted
Standard 03 meters use one unit rate when measuring usage. This means that the rate you pay for each unit of energy used will remain the same throughout the day, regardless of time. This type of unit is best suited to those businesses with low energy consumption.04 - Non-domestic economy 7
This is a two-rate business energy meter. This means you pay a day rate and an evening rate on the energy you use. Electricity rates are usually higher during peak times and lower at night times. It is advisable to check with your supplier to confirm what time their economy 7 hours apply. Most suppliers operate their economy 7 hours between 1pm and 8am, though this can vary depending on supplier and location.Maximum demand meters
Maximum demand meters are those with the following profile numbers:
Businesses who have these types of meters often have high levels of energy consumption. Much like the standard meters above, there are two options available:
As part of P272, half-hourly meters have been introduced to provide more accurate billing for businesses and help prevent businesses from overspending on electricity.
As opposed to previous maximum demand meters, where units are measured every hour, new 00 meters (also referred to as HH meters) measure units every half hour. This will help provide accurate energy insights to your supplier.
These meters are mandatory for customers with an energy demand greater than 100kW, though customers can request a half hourly meter if their consumption is greater than 70kW.
There are a number of factors that are considered when calculating energy prices, these include:
Get an electricity quote today and discover the cheapest electricity suppliers for your business.
If it’s been a while since you last switched your electricity supplier, you may have been ‘rolled over’ to one of your suppliers more expensive tariffs. This can leave you overpaying for the electricity you use.
By paying too much for your business electricity, you could be throwing away money you have worked hard to generate through your business.
Comparing business electricity rates with Love Energy Savings will give you access to the best tariffs on the market. Whether you’re looking to compare electricity prices for small businesses or seeking advice on half hourly meters, we can help you.
If you simply wish to leave your contract early because you want to switch to a cheaper electricity tariff, then you could be liable to pay an early exit fee on your contract.
It’s always worth weighing up whether this is financially feasible before switching.
You can shop around and secure a cheaper deal up to 12 months before your contract ends. This means you can lock into an incredible deal and enjoy great savings when your contract ends.
If you wish to cancel because you are moving premises, there will be no early exit fee or penalties to pay. This is because energy contracts are attached to the premises, rather than the account holder.
Electricity prices are based on the type of electricity plan you choose and are broken down by the following:
When you compare electricity prices with us, your quote will also tell you:
When you choose to switch your energy provider with Love Energy Savings, we will guide you through the entire process, including the switching between your providers.
However, your electricity contract will be with the energy provider you choose to switch to - not Love Energy Savings.
Your dedicated account manager will keep you up-to-date on how your switch is progressing and when renewal time rolls back around, we’ll be here to help you find the cheapest electricity rates possible.
Businesses can now switch their supplier and enjoy cheaper water bills. You could fix cheaper water rates for up to 3 years. See if you qualify for a free water audit.
We’ve partnered with one of the UK’s leading insurance providers to help our customers secure the most competitive rates on their commercial insurance.
From mobile phones and SIM cards to landlines and VoIP solutions, we can help your business stay connected for less. Discover great deals on business telecoms.
At Love Energy Savings, we work with the following electricity suppliers:
On average, our customers save 40% when they switch electricity, though this can vary depending on your usage, location and length of contract.
The quickest way to compare electricity prices is to use our comparison engine. Simply enter your postcode and your electricity usage and we’ll return accurate results in less than 60 seconds.
To ensure we can provide the most accurate comparisons of business electricity, it’s important that you provide as much information as possible. In our energy comparison engine we’ll ask you for information about existing supplier is and what you currently pay. If you have a recent copy of your bill to hand, you’ll be able to accurately compare electricity prices based on your kilowatt hour (kWh) consumption. If you don’t have a copy, you could log into your account or speak to your energy provider directly. Read our guide to switching business energy here.
When you complete your details in our comparison engine, you’ll be taken to a page that will show you all the electricity deals and electricity suppliers that are available to you. Here, you will see a breakdown of your savings compared to what you are currently paying. Click the ‘More Details’ tab to see the kWh breakdown for day unit rates, night unit rates and standing charges.
If you want to switch to a cheaper electricity deal across multiple sites you will have to request a quote for each site. Alternatively, call us directly to tell us about your current electricity rates and we can provide a quote for each site.
Yes, energy prices can change from day to day and will typically rise year-on-year. Many factors can influence this, including fluctuations in market rates. Also, as the UK imports gas and electricity, environmental changes - such as severe weather conditions - can impact the price you pay for energy. The best way to ensure you get the price possible is to secure a new deal as soon as possible. You can start looking for new deals between 6 and 12 months before your contract ends, so if you’re prepared, you could make some big savings - and fix that rate for up to 5 years!
Even if you are about to move to a different business site, it’s always worth switching to a new deal. If you don’t do this, you risk ‘going out of contract’, which means you’ll be paying higher rates on your electricity. All fixed-tariff contracts feature a ‘change of premises’ clause which supersedes any early-exit penalty fees. Read our guide to changing tenancy for more information.
In most cases we can switch the day after your contract with your current supplier ends providing we have given your provider 30 days’ notice before your contract end date. We provide Track My Switch for all our customers which allows you to see where your switch is up to.