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Business Electricity

Compare Business Electricity Prices

 

Within just 60 seconds you can compare the latest prices and secure your new business electricity deal online

Compare Electricity Prices


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How to switch business electricity suppliers

  • Compare

    We just need your postcode, we’ll find your meter and usage to show you the latest prices.

  • Select your supplier

    You can stick with your current supplier, on the latest exclusive tariff or choose a new supplier.

  • Protect your bills

    We’ll look after the switching process. You can even do it all online, or speak to our expert team.

Secure your business electricity prices 

A changing energy market does not mean it should be difficult to compare business electricity prices.

We're here to help your business find peace of mind when it comes to managing your business electricity supply.

See how much you can save against your current energy supplier

  • British Gas
  • E On
  • EDF
  • Scottish Power
  • Energy Suppliers SSE
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Why business electricity bills are increasing 

The energy market is changing and electricity prices are rising rapidly. It’s important to understand how these changes affect your business and what it means to find the best business electricity rates when costs are rising.

Put simply, there are various world events that have impacted wholesale energy prices causing energy suppliers to increase business electricity prices. You can read more about that here.

Finding the best business electricity prices now means finding stability and peace of mind. It is likely that business electricity rates will fluctuate for the next few years. Fixing your business energy tariffs now could mean you save money against future price increases.

 


Average UK business electricity prices by size

Here are the average business electricity prices per kWh by business size in the UK. These unit rates are separate from standing charges.

At the time of writing, the average commercial electricity prices across the UK are:

    • Micro: 22.43p
    • Small: 21.04p
    • Medium: 18.47p
    • Large: 17.35p
    • Extra Large: 18.31p

These average business electricity rates include the Climate Change Levy (CCL). Last Updated: October 2022.

Tariffs are regularly updated and the best way to find the latest deals is to compare commercial electricity prices.

See the latest electricity prices

Should You Compare Business Electricity From The Big Six Suppliers?

It is a good idea to compare business electricity prices from the Big Six. However, they can sometimes offer expensive electricity rates so it would be wise to compare business electricity prices from a range of trusted suppliers.

The Big Six have been traditionally the largest energy suppliers in the UK. The current Big Six are:

Cheapest Business Electricity Suppliers

The title of the cheapest business electricity supplier can change daily. Whilst prices may be driven by wholesale energy prices, suppliers set their own prices based on this and multiple other factors.

We can answer this question using our comparison engine which will look for the cheapest energy deal from our trusted panel of suppliers based on your business's requirements. These prices are only locked in for a certain period of time as business energy suppliers regularly change prices and tariffs.

Compare Electricity Prices

Unit Rate vs Standing Charge

This is a question we're asked regularly. The answer depends on how your business uses its electricity supply. What may seem like a great deal to have no standing charge can actually end up adding to your energy bills.

A typical business electricity supplier may offer an attractive-looking tariff with no standing charges but will likely offset any potential losses with a higher unit rate.

For a business that typically uses a medium to a high amount of electricity each month, it will likely cost more if you opt for a no-standing charge tariff.

On the flip side, a low-usage business can save money on its electricity supply with this type of tariff.

How To Compare Business Electricity Rates That Are Competitive?

It is easy to compare business electricity suppliers but the market is always changing and not having the right information to hand can make your business electricity quote more expensive.

Some great things to know/ have to hand are:

  • A recent business electricity bill
  • Your electricity usage for at least 1-year
  • Know your meter type (smart, traditional, half-hourly)
  • Business Information
  • Your current business electricity supplier

There are some things to be aware of when it comes to finding competitive business electricity rates:

  • Rollover contract - it may be tempting to agree to your renewal from your current energy suppliers. Renewal offers are often more expensive than new prices available on the market. Comparing business electricity prices against your renewal is easy and takes just a few minutes.

  • Staying with the same supplier - some of our customers end up staying with their current business electricity supplier. This happens when they compare business electricity prices against their renewal and discover the current supplier is offering cheaper deals to new customers. We can negotiate with your supplier so you can switch business electricity tariffs and not suppliers.

What impacts business electricity rates?

Many factors impact the commercial electricity tariff you can secure for your business. The main variables that affect the price you pay for your electricity supply are:

  • Wholesale energy prices
  • Location and size of the business premises
  • Credit ratings
  • The sector the business operates in
  • Annual consumption

Many businesses associate these obstacles as a reason not to switch business electricity supplier. Unfortunately, this means many companies are on the wrong type of tariff.

We’re here to help you navigate the energy market and secure the best deal available from our panel of trusted suppliers. No matter how big or small your business is, we’ll help you find a suitable business electricity deal within seconds.

Compare tariffs


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When will business electricity prices go down?

Some estimates predict that business electricity prices could remain high well into 2024. As wholesale market prices fluctuate daily, it really is about finding security, peace of mind and consistency with business energy bills. Many business owners are choosing to fix their electricity bills to achieve peace of mind in a market that is likely to have prices fluctuating for some time. When you switch business electricity supplier, it does not impact any discount you will receive from the business energy relief scheme. You can read more about the scheme here.


Can businesses still switch electricity suppliers?

The business energy market remains open for business.

Despite high business electricity prices, owners and office managers are seeking peace of mind and security against the potential threat of further energy price increases.

When you compare business electricity prices with us, you will see live market rates that change daily. Switching business electricity does not impact your entitlement to the business Energy Bill Relief Scheme (EBRS).

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How your business electricity prices have risen

Here's how business electricity prices have changed over the past decade.


graph showing the increase of electricity pricing

Source: GOV.UK

Over the last 10 years, business electricity prices have been on a slow upward trend. The real difference is clear when looking at quarter 3 of 2021. We see a very sharp rise in the cost of business electricity.

These average business electricity rates include the Climate Change Levy (CCL). Last Updated: October 2022

Average Business Electricity Prices By Supplier

The price of business electricity for your organisation varies on multiple factors. For example, larger consumption users may be offered cheaper unit rates than SME businesses.

Below we have provided an example of a business with 17,000 kWh of annual electricity usage. These prices are from a snapshot from November 2022. These are 1-year fixed deals and unit rates may be cheaper on 2-3 year fixed. Whilst this provides some guidance on rates, business electricity prices change daily and it is advised you use our comparison engine to explore today's live business electricity rates.

 

Supplier

Price Per Kwh

Monthly Energy Bill (excluding VAT)

Annual Cost

BGLite

60.01p

£860 

£10,316

British Gas

69.35p

£1,020

£12,234

Smartest Energy

61.78p

£881

£10,567

Valda

57.14p

£847

£10,169

 

Compare Electricity Prices

What business electricity tariffs are available?

Fixed rate tariff
A fixed-rate tariff is one of the most popular business electricity tariff options. With a fixed rate tariff, you agree to pay a fixed unit price and a standing charge. This price can be locked in for a number of years, in some cases up to 5 years depending on your 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.

Variable rate tariff
Variable rate tariffs can be a good option for businesses who want to benefit from any reductions in the price of business electricity.

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. With an increasing number of business electricity suppliers offering green energy tariffs, there is now a much greater choice for small and large business seeking renewable electricity.

To determine which business electricity tariff is the best value, you will need to consider how your business uses energy, how much it will cost, how large your business is and whether you have multiple locations.

Each tariff type offers its own benefits, from fixed costs over a certain period to renewably sourced energy. For those reasons, it is important to thoroughly compare business electricity tariffs, which will help you identify the correct tariffs to maximise savings.


Commercial electricity solutions for large businesses

We offer solutions for large single-site companies, or servicing multi-site businesses from one-simple bill. From our panel of trusted suppliers, we will find a corporate energy solution tailored for your organisation.

Our team of specialists will save your business time, effort and resources by building a bespoke commercial electricity tariff that meets your exact requirements.

Compare tariffs


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Business electricity tariffs for SME businesses

We find great value business electricity rates for SME businesses all over the UK. Taking the pressure off business owners, and making it simple and efficient to compare business electricity prices is what we do.

Our self-service platform allows you to compare business electricity rates online, anytime, when it suits you. We have created a one-stop business utilities marketplace to help businesses save money and time without sacrificing service.

Compare tariffs


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Want to stay with your current supplier?

It’s hassle-free, easier and quicker to recontract with your current electricity supplier. This is a good choice for your business if you want to avoid any lump sum final bills and additional paperwork.

View latest tariffs available

Are you moving premises?

If you have recently moved into a new location, or you have recently bought your business premise, we can help you.

We have exclusive relationships with suppliers to help you get sorted with an electricity tariff.

Consider having a look at our other services to get your business up and ready for this new chapter:

Get a new electricity tariff


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Business Electricity FAQs

  • What is the energy bill relief scheme?

    All business energy customers will have their bills reduced for six months, according to the UK Government's newly introduced Energy Bill Relief Scheme (EBRS). The government-supported price package caps wholesale prices at 21.1p per kWh/ £211 per megawatt-hour (MWh) and £75 MWh for gas. There will be different discounts for those paying variable rates.

    This does not impact your ability to compare business electricity prices and switch to a new supplier.

  • Can I cancel my business electricity contract early?

    It is possible to cancel your business electricity contract but it isn't advisable. All business energy contracts will have to incur an early exit fee. This exit fee is usually the remaining cost of the contract. 

    However, there are no fees if you're cancelling to move business electricity prices. 

    You can secure a new business electricity deal up to 12 months before the end of your current deal. This means if you're offered a favourable rate when you compare business electricity prices, it may be worth locking those rates in.

  • Are business electricity prices cheaper at night?

    Not all business electricity tariffs offer cheaper rates at night. Most business electricity prices have the same unit rate 24/7 for the duration of your contract. 

    You can request an Economy 7 or an Economy 10 tariff as these business electricity tariffs do offer cheaper electricity supply rates at night. These are often the best business electricity tariff options for restaurants, nightclubs or bars if they are open late.

  • What vat do I pay on my business electricity?

    There are many costs to consider when it comes to business energy. Most businesses will pay a flat rate of 20% VAT on their electricity supply. This is automatically added to your business energy bill by your electricity supplier. 

    Some business electricity customers are eligible for a 5% discount. You are eligible for a business VAT discount if you match one of the following: 

    • A charity or a non-profit business 
    • Very low business energy usage (less than 1,000 kWh of electricity per month) 
    • At least 60% of the business electricity supply is used for domestic purposes (this must be proved).
  • What is a half-hourly meter?

    Half hourly meters are for business premises recording a large amount of electricity consumption. 

    By law, your business must have a half-hourly meter if you have a maximum demand of 100kWh or greater in any 30-minute period during the day. These energy meters are great for managing business electricity and gas ensuring that energy suppliers are not overcharging you based on estimated billing.

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