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British Gas NPower CNG Opus Octopus GazProm EON British Gas Lite EDF Scottish Power

Save money on business electricity

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…

I want to save money on business electricity

The leading business electricity comparison experts

With a huge range of suppliers to choose from, we make comparing business electricity prices easy. Discover why we’ve become the first choice for businesses looking to switch to cheaper electricity deals:

  • Electricity switches Icon

    We’ve completed

    over 191,202

    electricity switches1

  • Helping Customers Icon

    We’ve helped
    customers
    save

    over £67.4 million1

  • Savings Icon

    On average
    a typical customer

    saving is £8962

1 191,202 meters switched and £67.4 million saved as of August 2019.
2 Since inception, Love Energy Savings has saved customers on average £896 when they switch electricity. This data was collected in August 2019.
“ 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

Switching to a cheaper electricity deal has never been easier!

  • Compare electricity suppliers quickly:
    We work with a huge range of energy suppliers to make comparing electricity prices quick and easy.
  • Get electricity quotes in seconds:
    Pop your postcode and details about your existing supplier into our comparison engine to view your bespoke electricity quotes.
  • Switching made simple:
    Select the right deal for you and we’ll take care of the arrangements between your suppliers. You don’t have to worry about a thing!
  • Dedicated account management:
    From switch to renewal, we’ll handle all the details for you and make sure you never overpay for your business electricity again!
I want to save money on business electricity

What is a fixed-rate electricity tariff?

One of the most popular tariffs for businesses is the fixed-rate tariff. A fixed-rate tariff means that you agree to pay a fixed price on the kWh unit and the standing charge. You can lock this price in for a number of years too, in some cases up to 5 years depending on the energy provider.

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 if the market fluctuates. Take a look at our helpful guide, The Complete Guide to Fixed Price Energy Tariffs, for more information.

With Love Energy Savings, choosing the right electricity tariff and supplier for your business is easy. Thanks to our trusted 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. Compare fixed-term contracts from 21 suppliers and see how much you could save.

What is a variable rate electricity tariff?

Variable rate tariffs can be a good option for businesses who want flexibility when it comes to the amount they pay for business electricity. 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 to businesses.

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.

Time to search for a better deal? Check electricity rates and compare suppliers, get a quote today and see how much you could save.

What is a green energy tariff?

More and more businesses are moving towards sustainable energy sources, so green energy tariffs are becoming a popular choice for environmentally conscious companies.

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.

Green energy prices can be a little more expensive than fixed and variable rate tariffs, but as technology advances, it is getting easier to generate sustainable, renewable energy. Read Love Energy Savings Guide to Green Energy Deals to discover more about how your business can go green.

Why choose Love Energy Savings?

Our dedication to customer happiness is what sets us apart from the competition. It’s one of the reasons why we have more five-star ratings than uSwitch, Confused.com and CompareTheMarket combined!

When you’re part of the Love Energy Savings family, you’ll enjoy…

  • A dedicated Account Manager
    No more call centre queues
  • A simple, stress-free service
    The switch will be managed for you
  • Exclusive offers and deals
    More savings to be made

Switching made easy

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…

  • Step 1
    Complete your details

    To help you find the most competitive deal on your business electricity, we need some details from you. 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 electricity quotes. Click here to get started.

  • Step 2
    Choose your tariff

    We make comparing business electricity prices easy. In fact, it takes less than 60 seconds for us to provide a list of all the electricity deals available in your area. Simply choose the best one for you and click ‘buy now’ to secure some great savings!

  • 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.

Business electricity suppliers, tariffs and prices

SUPPLIER kWh STANDING CHARGE ANNUAL COST
British Gas Lite
British Gas Lite
12.63p 25.86p £3,251.89
British Gas
British Gas
13.06p 27.93p £3,366.94
Dual Energy
Dual Energy
13.08p 20.23p £3,343.84
EDF Energy
EDF Energy
14.10p 25.00p £3,616.25
EON
E.ON
14.28p 30.00p £3,679.50
Gazprom Energy
Gazprom Energy
13.45p 29.84p £3,471.42
Npower
nPower
14.30p 23.54p £3,660.92
Octopus Energy
Octopus Business
12.69p 22.64p £3,255.14
Opus Energy
Opus Energy
13.56p 25.00p £3,481.25
Scottish Power
Scottish Power
13.43p 26.42p £3,453.93
SSE
SSE
12.95p 25.55p £3,331.49
Total GP
Total GP
13.44p 20.04p £3,433.15

From prices correct as of 11/10/2019, based on 03 profile electricity meter and annual usage of 25,000 kWh

Want to stay loyal to your existing electricity supplier?

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!

I want to save money on business electricity
“ 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
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 as well.

How to beat electricity price rises

There’s only one surefire way to beat energy price hikes and that’s to secure a new electricity deal as soon as possible.

Since 2015, energy prices have increased by 25%, so the longer you leave it, the more you’ll pay.

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.

  • Accurate electricity quotes
  • Moving premises
  • Quote for multiple sites
  • Understanding meter types
  • Accurate electricity quotes
    How to get an accurate business electricity quote

    You can, of course, request a quote without any of the following details, but if you want to make sure that you’re comparing the most accurate business electricity prices for your business, then it helps to have a copy of your most recent bill to hand. If you have an online account, you’ll be able to find this information there too.

    Why you need a copy of your electricity bill
    • It will help you to confirm details about your supplier
    • It will help you to accurately confirm how much your current monthly bill is
    • It will give you information on your current electricity consumption and the unit rate (kWh)
    • It will give you your MPAN number, also known as supplier number
    Why it helps to know what your current unit per kWh is

    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.

    • kWh (kilowatt hour) is a unit of measurement that is used by energy suppliers to measure how much energy you use per hour
    • A standing charge is a daily price you pay for receiving energy into your business and covers the maintenance cost of your energy connections.
    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.

    What is an MPAN number?

    MPAN stands for Meter Point Administration Number (also known as a Supply Number or S Number). This 12-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.

  • Moving premises

    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:
    • Call your electricity provider and tell them when you will be vacating the premises
    • Provide a final meter reading to your electricity provider (keep a copy for your records)
    • Leave Direct Debits in place until your contract has been fully terminated as you may have one final bill to pay or your business could be owed money
    How to set up a new electricity contract at your new business premises
    • Take meter readings as soon as you access your new premises
    • Your new premises will most likely be on a deemed contract, so it’s essential that you compare electricity prices as soon as possible and secure the right electricity deal for your business
    • Give your new electricity supplier your meter readings and confirm the date you moved in to ensure you’re charged correctly for your energy usage.
    What you need to do if your electricity contract is due to end before you move 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.

  • Quote for multiple sites

    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.

  • Understanding meter types

    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:

    Energy profile numbers and what they mean.

    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.

    Standard business meters:

    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:

    • 05
    • 06
    • 07
    • 08

    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:

    • Maximum demand 1 rate meter - charges a single rate, regardless of the time of day
    • Maximum demand 2 rate meter - charges a day and night rate, with cheaper rates running during off-peak hours
    Problems with maximum demand meters

    If you have a maximum demand meter, you may struggle to get a quote online. This is due to new mandatory legislation called P272 that requires all businesses on maximum demand meters to move to a half-hourly (HH or 00) meter.

    If it’s time to switch your energy provider, call our team of energy experts on 0800 9888 375 and we’ll be able to help you and make the switching process as smooth and as stress-free as possible.

    Half-hourly meters

    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.

    If you have any further questions, don’t hesitate to get in touch with our energy experts.

Electricity prices, plans and contracts explained

How are business electricity prices calculated?

There are a number of factors that are considered when calculating energy prices, these include:

  • Your current plan
  • Your current supplier
  • How much you currently spend on business electricity
  • Current consumption of kWh units and current standing charges
  • Meter type (standard, economy 7, maximum demand or half hourly)
  • Get an electricity quote today and discover the cheapest electricity suppliers for your business.

Electricity plans for businesses

Here at Love Energy Savings, we specialise in helping businesses compare energy prices and find the right electricity plan for their business.

Electricity plans depend on a number of factors, including:
  • Your location
  • The size of your premises
  • The amount of energy used
  • The type of electricity meter you have.

The easiest way to discover what electricity plans are available is to compare energy suppliers. Discover competitive plans on business electricity today.

Cancelling your electricity contract early

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.

Business electricity prices

Electricity prices are based on the type of electricity plan you choose and are broken down by the following:

  • Day unit rate (kWh)
  • Night unit rate
  • Standing Charges

When you compare electricity prices with us, your quote will also tell you:

  • Fixed term period (if applicable)
  • Estimated annual bill
  • Estimated monthly bill
Business electricity contracts

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.

Business electricity FAQs

  • List of business energy providers who supply electricity

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

    • British Gas Lite
    • British Gas
    • Dual Energy
    • EDF
    • EON
    • Gazprom Energy
    • Npower
    • Octopus Energy
    • Opus
    • Scottish Power
    • Total Gas & Power
    • Utilita
  • How much could I save if I switch my business electricity?

    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.

  • What information do I need to compare business electricity prices?

    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.

  • How can I compare kWh consumption on business electricity quotes?

    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.

  • I want to switch to cheaper businesses electricity deals across multiple business premises. How do I do this?

    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.

  • Do electricity prices fluctuate?

    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!

  • I’m about to move out of my business premises. Should I still switch to a cheaper deal?

    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.

  • How long will it take to switch electricity suppliers?

    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.

  • When I switch to a new electricity supplier, will my supply be cut off?

    No, your energy supply will not be cut off during the switching process. We’ll liaise with your existing supplier and negotiate the switch on your behalf. You can keep updated throughout with our ‘Track My Switch’ tool.

  • Are there regional variations in business electricity rates?

    Yes – you will find that there are regional variations in business electricity rates, so prices will change from region to region. There are a number of factors that influence these variations, including:

    • How many suppliers 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