See how much you could save on your business energy in 60 seconds!

Born out of their letting industry experience, Spark Energy identified a gap in the utility market supplying gas and electricity to new tenants via their letting agents. In 2007, they set out to keep things simple for letting agents, landlord and tenants, and now supply over 350,000 customers and counting from their office in the Scottish Borders.

A relative newcomer, Spark Energy is challenging the big suppliers with its unique offering, backed by cheap pricing, green energy options and smart technology. They focus on supplying domestic customers only with a range of tariffs with a variety of payment options.

Tili is Spark Energy’s award-winning digital home-move assistant who can set up your home services.

In 2018, OVO Energy was appointed by Ofgem to take over the company, but Spark Energy continues to operate as a separate brand.

Ownership

Spark Energy is owned by OVO Energy. wholly owned by OVO Energy founder Stephen Fitzpatrick. 

In 2019, the Mitsubishi Corporation bought a 20% stake in the company, following the only prior sale of equity to Mayfair Equity Partners in 2015.

Location

Green Star Energy’s postal address is:

Spark Energy Ltd

Ettrick Riverside,

Dunsdale Road,

Selkirk,

United Kingdom,

TD7 5EB

If you choose to switch through Love Energy Savings, one of our representatives will contact Spark Energy team on your behalf, saving you the hassle of back and forth communications. That way, you get the energy tariff you want with minimal fuss.

Spark Energy prices and tariffs

Spark Energy supply wholly to the domestic market within a niche supplying via letting agents; both high-street names and smaller independents.

Residential Tariffs

Fixed Tariffs

Spark Energy currently offers new customers two fixed-rate options. Choosing a fixed rate tariff can give you peace of mind, with rates fixed for the term of the contract.

  • Tili Select Saver - Apr 2021 Monthly Fixed Direct Debit
  • Fixed Saver March 2021 — Monthly Fixed Direct Debit

 

Variable Tariffs

The variable tariffs on offer from Spark Energy will rise and fall in line with the market, but can offer savings if the prices drop, however they will also rise when the market price increases.

  • Move In Saver v9 — Monthly Fixed Direct Debit
  • Move In Saver v9 — Prepayment Meter

Supply Source

Spark Energy’s fuel mix is listed below.

  • Natural Gas: 61%
  • Renewables: 39%

Compare these statistics to the typical fuel mix from UK suppliers in our wholesale energy guide.

Financial Performance

The latest financial information for Spark Energy Limited Year-End 2018 and is as follows:

Metric Total Year on Year Change
Revenue £936.4m +23%
Gross profit £70.8m  -44%
Loss for financial year (£45.6m) -£48.9m

View the full financials for Spark Energy here.

Awards

Engie has been awarded accolades in the energy sector and beyond with its work with local authorities.

  • National Energy Conferences LLC - 2015 Retail Energy Provider of the Year Award

Cancellation policy

Cancelling your Spark Energy can be done in the 14-day cooling-off period using a form from the website. An exit fee may apply depending on your contract. If you want to leave, it’s better to view your online account to check the balance, you’ll need to rectify this before you leave or when you receive your final bill.

Green performance

In October 2019, Spark Energy has pledged to purchase 50% electricity from renewable sources, an increase from 33% from how they previously purchased electricity. They have also pledged to become net-zero by 2030, which means the business operations will have a neutral carbon footprint by offsetting its energy.

Understanding your
Spark Energy bill

Your online or paper bill will tell you:

  • The billing period (typically monthly)
  • What you owe and when it needs to be paid
  • Your estimated energy usage over the billing period
  • A detailed breakdown of your usage
  • A comparison of this usage compared to last year
  • A breakdown of how the price has been calculated for transparency
  • Advice on how you could spend less on your energy bills

How to switch to Spark Energy

Whether you want to switch your tariff or your supplier, Love Energy Savings can handle a switch to Spark Energy for you. We’ll get everything sorted for you by liaising with your current provider and the Spark Energy team.

Enter your details here to generate a quote for your business and then simply decide if it’s the right supplier for you.

See how much you could save on your business energy in 60 seconds!

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