Business Electricity

COMPARE BUSINESS ELECTRICITY

Are you interested in reducing your compare business electricity expenses? Compare Business Electricity can help you save up to 45% by assisting you in finding the most advantageous offer.

Here are some advantages you can enjoy:

Receive a customized quote for your business within minutes.
Access comparisons based on the most up-to-date compare business electricity rates.
Opt for a dual fuel package from the top-rated business electricity providers in the UK.
Benefit from the expertise and guidance of our compare business electricity specialists.

COMPARE BUSINESS ELECTRICITY SUPPLIERS

WHAT IS AVERAGE COST OF COMPARE BUSINESS ELECTRICITY?

Get Business Electricity Quotes – in Minutes

With the continuous increase in compare business electricity prices, it has become crucial to ensure that you secure the most favorable deal for your compare business electricity suppliers and effortlessly manage the entire switching procedure.

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Business Gas

Discover the opportunity to access real-time market prices for business gas with ease. Our platform is designed to help you reduce your business gas expenses by up to 45%.

Business Electricity

Decreasing your expenses for compare business electricity. We have the capability to provide you with the most competitive quotes for compare business electricity available in the market.

Compare SME Electricity

Compare SME Electricity is a leading platform providing comprehensive comparisons of electricity plans tailored for small and medium-sized enterprises (SMEs).

Business Utilities

Business Utilities specializes in providing essential services tailored to meet the needs of enterprises. From electricity and gas to water and telecommunications, they offer comprehensive solutions.

Save Time & Money by Utilizing Compare Business Electricity

Our goal is to provide you with the most competitive price available. In fact, if we can’t offer a better rate than your current renewal quote, we’ll give you £1,000*.

New & Established Businesses

New & Existing Businesses

Our services can assist in reducing your business energy expenses. With our access to a range of competitive prices in the market, we will work with you to find the most suitable deal.

SME & Large Corporations

Meter Connections & Installations

Industries & Sectors

Renewable & Green

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How to compare business electricity suppliers

Discovering the most competitive rates for your compare business electricity has become a breeze with the Compare Business Electricity platform. It will require less time than brewing a cup of tea. Simply follow these instructions to begin compare business electricity options:

Put in your business name and address

From here, it’ll use various industry-held data to identify your premises’ business electricity meter number, your current supplier and the amount of electricity you’re currently using.

Compare the electricity quotes provided

Depending on your current deal, you’ll be presented with a selection of better-priced offers currently available on the market. You can speak to industry experts to determine which most closely matches the requirements of your organisation.

Enjoy savings from a with a fully managed, stress-free switch

Ready to make the switch and benefit from a cheaper commercial gas supply? Experts will do all that heavy lifting for you once you’ve signed your deal – whether you’re a micro-business, an SME or a large corporate entity. This frees you up to focus on the thing that’s most important – running your business electricity.

Getting the best compare business electricity deal

Securing the optimal compare business electricity agreement requires careful comparison. The market for commercial electricity is highly competitive, with suppliers vying for new customers, even during periods of fluctuation. To secure the most advantageous and cost-effective compare business electricity agreement, it is recommended that you:

Avoid being subject to out-of-contract rates or falling into a deemed contract if you have recently relocated.
Take action within your renewal period to avoid expensive rollover tariffs.
Evaluate whether renewing or switching will provide better value for your money.
Explore green or carbon neutral compare business electricity tariffs to determine if they offer a more favorable deal.
Take into account the customer service reputation of potential suppliers to ensure reliability in the event of any issues arising.

Compare Businsess Electricity Rates

What factors should you take into account when compare business electricity providers?

Evaluating these factors will assist you in making a more informed decision regarding the advantages and disadvantages of different compare business electricity.

These are the things you’ll want to review when weighing up the pros and cons of compare business electricity rates:

COMPARE ELECTRICITY PRICES

Commercial electricity quotes for large & small businesses

Every company has its own unique requirements – the electricity needs of a small business are vastly different from those of a multi-site call center. It is crucial to have a compare business electricity provider that can meet these specific needs.

Compare Business Electricity Compare analyzes the most recent prices offered by numerous commercial electricity providers in the United Kingdom. This includes well-known companies that supply power to the country’s largest corporations, as well as smaller independent suppliers that specialize in specific industries or cater to SMEs and micro-businesses.

By taking this comprehensive approach, the tool is able to present you with the best rates for compare business electricity from all corners of the market. This makes it much easier to identify and secure a better deal.

Switch Compare Business Electricity

Are you hesitant to switch electricity providers because of the unknown?

Don’t let that fear hold you back. By not exploring other options, you may be missing out on some of the most affordable compare business electricity rates available. Meanwhile, your competitors could be taking advantage of these energy tariffs.

Switching is easy and quick. In just a few minutes, you can get a free quote tailored to your business’s needs. With potential savings of up to 45%, finding a deal that suits you is worth it. Once you’ve chosen a plan, experts will handle the entire switching process seamlessly, ensuring no disruption to your compare business electricity supply. It’s hassle-free, allowing you to concentrate on your day-to-day operations.

Take the first step towards saving money. Compare business electricity suppliers today!

Why are electricity prices increasing?

The wholesale market has seen a surge in compare business electricity prices lately. These price hikes are impacting businesses, including yours.

But what is causing this increase? There are a few contributing factors, such as dwindling gas reserves (which are used for compare business electricity) due to harsh winters and the pandemic. Additionally, the conflict in Ukraine has also played a significant role.

These high compare business electricity prices are expected to persist throughout the remainder of 2022 and into 2023.

However, this doesn’t mean that your compare business electricity can’t save on electricity costs. The market remains competitive, and your compare business electricity supplier is always seeking new customers. So, why not begin compare business electricity options today?

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What is the price of business electricity?

It’s a question without a definitive answer because each business is unique. The amount you pay for your bill depends on the amount of your business electricity consumes. We have compiled a helpful table that outlines the estimated cost for the average compare business electricity, taking into account current market prices.

Business Size

Electricity Unit Price Per kWh

Electricity Daily Standing Charge

Annual Cost

Micro Business

26.6p

64.6p

£2,833 (based on annual usage of 10,000 kWh)

Small Business

25.6p

83.0p

£5,302 (based on annual usage of 20,000 kWh)

Medium Business

26.1p

65.5p

£10,637 (based on annual usage of 40,000 kWh)

Large Business

26.4p

68.5p

£14,548 (based on annual usage of 55,000 kWh)

This query cannot be answered with certainty due to the unique nature of each business. The total amount of electricity consumed by your business determines the cost of your bill. We have compiled a helpful table that outlines the approximate payments that an average business electricity might anticipate, taking into account current market rates.

WHAT IS COMPARE BUSINESS ELECTRICITY BILL?

Whether you operate a small IT consultancy, a local church, or a manufacturing plant, you will consistently come across the identical details. These details encompass

Standing Charge

It’s the rate you pay that covers the costs involved in delivering your organisation’s electricity supply. It’s a daily rate, but it’s also worth noting that some suppliers offer businessenergytariffs without a standing charge.

Unit Rate

This is the amount you pay for each unit of gas you use (kWh). Of course, what you pay will depend on how much your business electricity uses.

Contract End Date

When you reach this period, your current fixed price unit rate will end.

Climate Change Levy (CCL)

Your business pays the Climate Change Levy (CCL) on the non-renewable gas it uses and is calculated on every unit. However, it doesn’t apply to all businesses. Those that use renewable electricity are exempt, as are businesses that use less than the average set amount – 145 kWh per day or 52,925 kWh per year. Organisations with a domestic or residential element are also exempt – such as care homes.

VAT

Currently 20% as standard. Businesses using less than 145 kWh of gas a day, or organisations with that domestic element only pay 5%.

The Energy Bill Discount Scheme For Businesses

By replacing old-fashioned bulbs with energy-efficient LEDs or CFLs and minimizing the usage of heating or air conditioning, you can make a noticeable impact on your compare business electricity bill.

Curious to find out more about saving money on your business electricity costs? Visit our guide section for valuable tips and advice.

These potential savings have the power to reduce your overhead expenses and ultimately enhance your bottom line. With market fluctuations, there’s always the possibility of finding a cheaper and better business electricity deal. If you don’t seize this opportunity, rest assured that your competitors will.

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Compare Business Electricity FAQ’s

BUSINESS ELECTRICITY

Is commercial electricity cheaper than domestic?

In terms of unit cost, it's often less expensive. This reduction in price can be attributed to the fact that energy suppliers purchase electricity for businesses in large volumes, enough to last the length of the contract. Yet, it's important to note that there are extra costs that commercial entities encounter which are not applicable to residential energy consumers. One such cost is Value Added Tax (VAT). While it's true that residential energy consumers also pay VAT on their energy usage, they do so at a lower rate than their business counterparts. As it stands, the current rate is pegged at 20%. However, businesses consuming an average of 33 kWh per day (or 1,000 kWh per month) are charged just 5%. There's also the Climate Change Levy (CCL), an environmental tax that applies to both non-renewable gas and electricity consumed by businesses. If your company operates solely on green electricity, you won't be liable for the CCL. This exemption extends to companies classified as 'low usage'. Thus, if your business consumes 33 kWh of electricity or less daily during the invoice period, you'll be exempted from the CCL.

Will my electricity be cut off when switching?

Rest assured, there will be no interruption to your operations. Your establishment will persist in receiving its electricity supply as usual, ensuring your business activities proceed without any hitches. The only modification that will occur pertains to the entity issuing your bills—this is where the change will take place.

How long does it take to switch business electricity supplier?

At Corporate Energy Assessment, we pride ourselves on facilitating an effortless and continuous shift when you decide to change your business electricity provider. We comprehend the criticality of maintaining uninterrupted business proceedings during such transitions. Hence, our specialized team is dedicated to scouring the market to pinpoint the most advantageous rate for you. Is it time for you to consider a change in your business energy agreement? Do not hesitate to reach out to us today and have a conversation with one of our amicable team members.

What is a letter of authority (LOA)?

Letters of Authority (LOAs) are created with the aim of providing clients with the comfort that their chosen representative will safeguard their account data, billing specifics, and private details. It also guarantees that their actions will be guided by the customer's best interests and sets boundaries within which they are permitted to operate. Explore our comprehensive guide on LOAs, which elaborates on what the term implies, the necessity of such letters, and also provides instances of an LOA.

What is P272?

Introduced by Ofgem, P272 is a legal provision that corresponds to BSC 272, another legislative act launched in 2014. The primary purpose of its establishment was to mandate that all non-half hourly profile class 05 -08 meters switch to half hourly meters. This transition process kicked off on November 5, 2015, with an end goal of accomplishing the meter conversion at the affected sites by April 1, 2017. The motivation behind this conversion lies in an attempt to enable suppliers to gather more precise readings and gain deeper insights into the electricity usage habits of their commercial energy customers. Additionally, it grants businesses the ability to receive bills based on accurate consumption data, potentially avoid peak usage periods (and their corresponding higher costs), and pinpoint areas of inefficiency for possible improvement.

What is Standing Charge?

Most utility bills typically include a certain fee. This fee is calculated on a daily basis and encompasses the expenses of providing electrical power to your location. Even though there are a few providers that offer tariffs with no standing charge, they aren't prevalent.

What is Smart Meter?

A smart meter provides precise monthly monitoring of your energy use, which translates into more accurate electricity bills. If you opt for a smart meter installation, it’s likely that you'll notice an improvement in the precision of your charges. Furthermore, numerous providers include the provision of a complimentary smart meter in their business electricity packages.

What is an MPAN number on an electricity meter?

The Meter Point Administration Number (MPAN), a unique identifier for your electricity meter, comprises 21 digits and is characterized by a prominently displayed capital 'S' in a grid-like arrangement. The MPAN can typically be located on your latest utility bill. In the event that you don't have access to a recent bill, you need not worry. Simply reach out to your energy provider who will be more than capable of furnishing you with the necessary details.

How can I save money on my business electricity bills?

Cutting down your electricity bills can be effectively achieved by lowering your energy intake. This can be done by incorporating energy-efficient technologies such as LED lights and motion detectors. We can scrutinize your power charges to determine the cost per unit and standing charge you incur. It's crucial for you to be aware of your electricity contract's expiration date, so you can contrast business electricity rates up to a year ahead. Numerous providers are giving their consumers complimentary smart meters, enabling you to track your consumption in real time. Why not explore what added benefits you can accrue by setting up a smart meter? Compare business energy tariffs If there's a possibility of reducing costs through a switch, we'll notify you. However, our service doesn't end there. To spare you the time, inconvenience, and potential disruption, your Business Energy Comparison account manager will manage the procedure on your behalf. You're guaranteed a more favorable price and a smooth, uninterrupted transition. It couldn't be more straightforward.

Is electricity cheaper at night?

Indeed, for both residential and commercial consumers of energy, it can be more cost-effective. However, this is only the case if you're subscribed to an appropriate pricing plan - specifically, a plan that provides electricity at a reduced rate during off-peak times. For additional information, explore our guide titled "Is electricity less expensive during night-time?" to learn more.

Should I fix my energy prices until 2024?

There has been a sharp increase in wholesale costs since the fall of 2021, primarily driven by numerous elements such as international politics, supply chain disruptions, pandemic-related limitations and the Ukraine conflict instigated by Russia, among other things. This comprehensive guide will delve into the reasons behind the surge in energy prices and provide you with insights on whether it would be beneficial to lock in your energy costs up until 2024.

What business electricity contracts are available?

Numerous kinds of commercial electricity agreements exist, and the most suitable one for your enterprise will be determined by your energy consumption and requirements. Here are some of the frequently encountered types of commercial electricity agreements: Locked-in Rate Agreements: Under this type of agreement, you agree to pay a consistent rate per unit for the entirety of your contract. However, bear in mind that this doesn't stabilize your overall bill – fluctuations will occur based on your energy usage. Fluctuating Rate Contracts: In this case, the unit rate you pay is directly influenced by the activities in the wholesale energy market. Consequently, the amount you pay may vary throughout the duration of your contract. Presumed Rate Contracts: If you relocate to a new facility and fail to sign a contract, you may find yourself on a presumed rate contract that could be costlier than other alternatives. It's crucial to determine if you're on a presumed rate contract and switch to a more advantageous option if feasible. Bi-hourly Contracts: Bi-hourly contracts are typically offered to larger enterprises that consume over 100,000 kWh annually. With this contract type, your electricity consumption is monitored and invoiced every thirty minutes, facilitating more precise billing.

Why are business electricity prices rising?

There exist numerous elements that can instigate a surge in the cost of electricity for businesses. Here are a few: Growth in demand: With the advancement of the economy and the expansion of businesses, the need for electricity escalates correspondingly. This heightened demand can result in a deficit of supply, thereby escalating the prices. Expense of infrastructure: The financial burden involved in preserving and enhancing the power grid can be substantial. These expenses are ultimately transferred to consumers through their electrical bills. Price of fuel: The cost of various fuels, including natural gas, coal, and oil, has a significant bearing on electricity prices. An increase in the prices of these fuels can result in a corresponding increase in electricity costs. Regulations by the government: Policies implemented by governments, such as carbon taxation or renewable energy goals, can add to the cost of generating electricity. Consequently, this may hike the price businesses pay for electricity. Cost of distribution: The expenses associated with supplying electricity to businesses can also rise, particularly if there are substantial modifications to the infrastructure or an upsurge in demand.

What’s included in a business electricity bill?

The components that typically make up a business electricity bill are as follows: Consumption of energy: This refers to the quantity of electricity utilized by your business during the billing cycle, quantified in kilowatt-hours (kWh). Pricing tariffs: This pertains to the fees that you incur per kWh for electricity usage. The pricing tariffs might differ based on the nature of your business and the energy provider you have selected. Fixed charges: This is a steadied daily or monthly fee that encompasses the expenditure of sustaining the electricity grid and delivering energy to your commercial establishment. VAT: Value-added tax (VAT) is levied on your electricity bill at the current rate. At present, this rate stands at 20% in the UK, but may fluctuate in other nations. Additional fees: There may be other fees included in your bill, such as the Climate Change Levy (CCL), which is an energy consumption tax established to stimulate businesses to adopt more energy-efficient practices. Payment details: Your bill will specify the amount due for payment, when it is due, and the available payment options you can utilize. Meter records: Your bill will also contain meter readings, indicating the volume of electricity consumed by your business during the billing cycle.

How to save on your business electricity bills?

There exist numerous methods to curtail your commercial electricity expenditures. Let's explore some of these strategies: Perform an energy inspection: Implementing an energy inspection within your enterprise can assist in pinpointing areas where excessive electricity is being consumed. This might involve detecting devices, appliances, or illumination that squander energy. Adopt LED illumination: Transitioning to LED illumination can notably diminish your company's energy usage. LEDs utilize less power and have a longer lifespan compared to conventional incandescent light bulbs, offering long-term financial savings. Utilize surge protectors: Employing surge protectors can aid in trimming down your electricity consumption by providing the convenience of switching off several gadgets simultaneously when they're idle. Modify your thermostat settings: Tweaking your thermostat settings can contribute to energy savings on your company's heating and cooling expenses. For instance, during the frosty season, reducing the temperature by a handful of degrees can lessen heating expenses. Transition to energy-saving equipment: Transitioning to energy-saving devices can further decrease your company’s electricity expenditures. Keep an eye out for appliances and equipment bearing the Energy Star label, signifying their energy efficiency.

THE ADVANTAGES OF COMPARE BUSINESS ELECTRICITY

Business Energy Comparison has assisted numerous clients in comparing prices for business energy and achieving substantial savings on their utility bills. Our services have benefited a wide range of organizations, including large companies with multiple locations throughout the UK and independent local businesses. Below are just a few examples of our satisfied clients

THE ADVANTAGES WHEN YOU COMPARE BUSINESS ELECTRICITY

Save money on your company’s Electricity expenses!

Get the opportunity to compare the most current prices for business energy and lower your energy bill.

By utilizing the Business Electricity tool, you will be provided with an energy comparison report within minutes, enabling you to compare the most recent energy prices. Just input your postal code to initiate the comparison. Start saving now!

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COMPARE BUSINESS ELECTRICITY

Get A Free Quote Now

COMPARE BUSINESS ELECTRICITY SUPPLIERS

WHAT IS AVERAGE COST OF COMPARE BUSINESS ELECTRICITY?

Get Business Electricity Quotes – in Minutes

Business Gas

Business Electricity

Compare SME Electricity

Business Utilities

Save Time & Money by Utilizing Compare Business Electricity

New & Existing Businesses

How to compare business electricity suppliers

Getting the best compare business electricity deal

What factors should you take into account when compare business electricity providers?

Commercial electricity quotes for large & small businesses

Switch Compare Business Electricity

Are you hesitant to switch electricity providers because of the unknown?

Get A Free Quote

Why are electricity prices increasing?

What is the price of business electricity?

Business Size

Electricity Unit Price Per kWh

Electricity Daily Standing Charge

Annual Cost

Micro Business

26.6p

64.6p

£2,833 (based on annual usage of 10,000 kWh)

Small Business

25.6p

83.0p

£5,302 (based on annual usage of 20,000 kWh)

Medium Business

26.1p

65.5p

£10,637 (based on annual usage of 40,000 kWh)

Large Business

26.4p

68.5p

£14,548 (based on annual usage of 55,000 kWh)

WHAT IS COMPARE BUSINESS ELECTRICITY BILL?

Standing Charge

Unit Rate

Contract End Date

Climate Change Levy (CCL)

VAT

The Energy Bill Discount Scheme For Businesses

Compare Business Electricity FAQ’s

BUSINESS ELECTRICITY

THE ADVANTAGES OF COMPARE BUSINESS ELECTRICITY

THE ADVANTAGES WHEN YOU COMPARE BUSINESS ELECTRICITY

Save money on your company’s Electricity expenses!

Business Energy Tariffs

Business Info