Business Energy Comparison
Compare business energy prices in just 30 seconds.
Our Panel of Providers
Business Energy Comparison Made Simple
Saving money on your business energy bills is easier than putting the kettle on. Prefer to shop online? You can see the latest business energy prices in just 30 seconds using our comparison tool, if you like what you see you can also complete your switch completely online!
You will have access to a wide range of energy quotes for your business electricity and gas. For large consumption businesses requiring a more bespoke tariff, we’re just at the other end of the phone.
Thousands of small and large companies across the UK have already partnered with us to reduce their business energy bills. Start saving today and compare business energy prices.
Read on to learn more about:
Energy Bill Discount Scheme For Businesses
How To Switch Your Business Energy Supply
How To Find Accurate Business Energy Prices
Average Business Energy Prices 2023
Business Energy Rates By Region
Who Is The Cheapest Business Energy Supplier?
What Types Of Business Energy Tariffs Are Available?
Small Business Energy Comparison
Large Business Energy Comparison
Energy Bill Discount Scheme For Businesses
We all love a bit of discount and as many are feeling the pinch right now, it is very welcome news.
First of all, the Energy Bill Discount Scheme (EBDS) replaces the old relief scheme. This means that discounts will be applied to business energy usage between April 2023 and March 2024.
This discount will be automatically applied to business energy unit prices only if the wholesale prices exceed a certain level. The discount will be the difference between the wholesale price for that contract type and the wholesale price threshold – subject to a maximum discount.
Business energy suppliers will apply the discount automatically to bills and you do not need to apply for the scheme. Companies can switch business energy suppliers and still receive the EBDS discount.
Maximise your savings and compare business energy prices today. Companies can still switch business energy provider and make use of the discount until 2024. Our prices do not include the discount, but if you’re eligible it will be automatically applied by your new supplier.
Normal Businesses (not Energy and Trade Intensive Industries)
|
Fuel Type |
Wholesale Price Threshold* |
Maximum Discount* |
|
Electric |
30.2p/kWh |
1.961p/kWh |
|
Gas |
10.7p/kWh |
0.697p/kWh |
Energy and Trade Intensive Industries
|
Fuel Type |
Wholesale Price Threshold* |
Maximum Discount* |
|
Electric |
18.5p/kWh |
8.9p/kWh |
|
Gas |
9.9p/kWh |
4p/kWh |
Latest Business Energy Prices Per kWh
Business energy prices fluctuate depending on a variety of factors including wholesale prices, regional location and consumption. The figures presented are for business energy tariffs on a 2-year fixed rate contract and averaged across available suppliers for all regions in the UK.
You should compare prices today for an accurate business energy quote.
If you feel you’re overpaying for your energy, now could be the time to compare business energy prices and switch to a cheaper business energy tariff.
Data correct as of November 2023. Annual cost based on a 2-year business electricity contract and the maximum kWh usage within each business size banding. These prices reflect a live market and are subject to fluctuation.
- Energy Prices
- Annual Cost Graph
| Business Size (Annual Usage) |
Electricity (p/kWh) | Gas (p/kWh) |
|---|---|---|
| Very Small/Micro (up to 5,000 kWh) |
29p |
12.6p |
| Small (5,000-15,000kWh) |
29.1p |
10.5p |
|
Medium |
29.9p |
10.2p |
| Large (25,000-50,000kWh) |
29.3p |
10.1p |
| Extra Large/Corporate (50,000-100,000kWh) |
28.9p |
8.8p |
Are Business Energy Prices Still Rising?
No, business energy prices settled down a while ago and unit rates have actually been dropping for quite some time.
Energy prices have been making the headlines for all the wrong reasons in recent years, but one bit of good news is that business energy unit rates have fallen every month since October 2022.
We looked at the three most affordable tariffs each month and found that the average cheapest price has dropped from almost 80p per kWh in October 2022 to just under 28p in October 2023.
That’s more than 52 pence per kWh lower and a saving of around £13,000 a year.
Current Business Energy Unit Rates
|
Supplier |
Electricity Unit Price (p/per kWh) |
Gas Unit Price (p/ per kWh) |
|
|
30.7p |
10.9p |
|
33.6p |
10.9p |
 |
27.6p |
N/A |
 |
29.1p |
9p |
 |
33.5p |
10.3p |
 |
27.4p |
10.1p |
 |
29.6p |
9.1p |
Data correct as of November 2023. Annual cost based on a 2-year contract and the maximum kWh usage within each business size banding. These prices reflect a live market and are subject to fluctuation.
How To Switch Your Business Energy Supply
You’ll need to switch each fuel separately as there are no dual fuel tariffs available for business energy contracts. However, this means you can source the cheapest provider for each fuel.
You may find it easier to have a recent business energy bill to hand, although this isn’t essential. We’ll ask for your business address and permission to look up your meter numbers. In most cases, we will be able to get your annual consumption to offer you an accurate business energy quote. You will be able to see prices within 30 seconds once you start our business energy comparison engine.
Once you’re happy with the price, We’ll aim to have you switched over to your new supplier within 5 working days.
Latest Business Energy Rates By Region
|
Region |
Electricity Unit Price (p/per kWh) |
Gas Unit Price (p/per kWh) |
|
London |
29.1p |
10.1p |
North East |
29.8p |
10.3p |
| North West |
29.6p |
10.2p |
| East Midlands |
29.1p |
10.3p |
| West Midlands |
29.4p |
10.1p |
| Yorkshire |
29.5p |
10.1p |
| East |
29.2p |
10.1p |
| South East |
29.5p |
10.4p |
| South West |
30.1p |
10.4p |
| South |
29.7p |
10.3p |
| Scotland |
30.9p |
10.2p |
| North Wales, Merseyside & Cheshire |
32.2p |
10.3p |
| South Wales |
29.7p |
10.3p |
Data correct as of November 2023. Annual cost based on a 2-year contract. These prices reflect a live market and are subject to fluctuation.
When Is The Best Time To Renew My Business Energy Contracts?
As your business energy contracts come to an end, you should receive a letter between 60 - 90 days stipulating the exact end date and whether you’d be looking to renew with your current supplier. Before agreeing to continue with the same supplier, we always recommend shopping around for a better deal, to save you and your business some money that could be invested elsewhere in the company.
If you don’t renew your contract with your current supplier or fail to switch to a better deal with someone new, you could be rolled onto a deemed tariff which is usually much more inflated and expensive. So, the best time to renew your business energy contracts is within your renewal window, to guarantee you don’t end up paying more than you should.
When you renew with BusinessEnergy.com you will be taken care of by our elite team of energy experts. They will handle all communications with your chosen supplier and will always negotiate a better deal for you. Our energy experts will also be able to find you the best deals when it comes back round to renewing again as your next contract ends, leaving you to run your business. We will take care of the energy side, and communicate with you on any updates.
How To Find Accurate Business Energy Prices & Get The Cheapest Quote
Finding the cheapest business energy quote is about having access to the most accurate information. Most of this will be on recent energy bills. A great starting point to getting a cheaper deal is to consider how your business uses energy.
Consider the following questions:
- How much energy do I use annually?
- How much is my business energy bill each month?
- What time of day or night do I use the most energy?
- Do I have multiple premises?
- Do I want to fix my prices for more security?
- Do I like my current provider?
- Do I have a smart meter?
These questions can help shape your business energy quote and ensure you’re getting the cheapest price possible for your business in our comparison engine. For example, your business may have access to more ‘buying power’ if you opt for a multi-site meter that combines billing of multiple buildings rather than having separate contracts.
As an impartial business energy retailer, we’ve helped companies of all shapes and sizes reduce their annual business energy costs by £1,067* on average.
-
Variable Tariffs
This is a flexible tariff and your unit price will change each month. Whilst this may be great for more flexibility, it does mean that there's a risk of paying higher rates if wholesale prices increase. However, this works the other way too if prices decrease. This tariff largely depends on a businesses attitude to risk.
-
Fixed Tariffs
A fixed tariff is the most popular choice. This fixes the unit price for the duration of the contract regardless of what wholesale prices do. This means if wholesale prices start to increase, yours won't as you have your fixed tariff protection. This is great for businesses who would like some security and predictability when it comes to budgeting.
-
Deemed Rate Tariffs
Business energy suppliers will place you on a deemed rate tariff if no contract has been agreed previously. Typically, businesses who have just moved into a new premises may find themselves on this tariff. These business energy rates are usually the most expensive and should be avoided.
-
Out Of Contract Rates
If you have not agreed to a new business energy deal before your current contract end date, you will be placed on out of contract rates. These are some of the most expensive unit rate that suppliers offers.
-
Green Energy Tariffs
A green energy tariff is a type of energy contract where your supplier matches the energy you buy with purchases of renewable energy. These tariffs are a great way to start the journey of reducing your business’s carbon emissions.
Small Business Energy Comparison
We understand how busy running a small business can get. This may mean that tasks like comparing business energy suppliers may often get pushed down the priority list. To eliminate these barriers, we have created a comparison engine that allows our customers to compare business energy prices, select a new tariff and switch completely online, whether your find a couple of minutes during the day or night.
Should you need further assistance with your tariff or require a new energy meter, we're only a phone call away.
Large Business Energy Comparison
We have a team of large consumption specialists that will build a bespoke business energy tariff based on specific requirements. With everything from multiple premises to half-hourly meters considered, we’ll take care of everything.
Business Energy Comparison FAQs
-
Do We Offer Dual Fuel Tariffs?
Business energy suppliers do not offer dual fuel tariffs. You will need to switch your business electricity and gas contracts separately.
They can be easily managed if you switch both of them at the same time for the same contract length. This allows you to keep track of the contract end date.
-
What Is A Multi-Site Meter?
Got multiple business addresses? A multi-site meter allows owners to consolidate multiple buildings onto one contract and bill. This makes managing electricity usage for several sites much easier.
-
What is the Climate Change Levy (CCL)?
The Climate Change Levy is an environmental tax paid by businesses on the energy they use. These rates will be applied to your bill automatically by your energy supplier.
Here are the Climate Change Levy rates for 2023:
- Electricity (per kWh): 0.775p
- Gas (per kWh): 0.672p
Data source: https://www.gov.uk/guidance/climate-change-levy-rates
-
What Is A Half-Hourly Meter?
Half-hourly meters are mandatory for large consumption businesses with a maximum demand of 100 kWh of electricity or 70,000 kWh of gas or greater in a 30-minute period.
These meters submit energy readings to your supplier every 30 minutes to ensure you’re not billed based on estimated usage.
-
What Are Meter Numbers?
These are unique numbers that identify the usage and meter of your building. Business energy prices are more accurate if you provide your Meter Point Administration Number (MPAN) or Meter Point Reference Number (MPRN) for each meter.
You will need to provide them for all company buildings if relevant. These numbers can be found on any recent invoice from your supplier.
-
How Long Does It Take To Switch Business Energy?
We aim to switch our customers to their new supplier within 5 working days of approval.
-
Who Supplies My Business Electricity?
To find out who your current business electricity supplier is, you need to check your most recent electricity bill. It should include the name of your supplier and the contract/ tariff you are on. If you are new to the premises, the previous occupants may have contacted the supplier to inform them of their relocation, so you should keep an eye out for a letter addressed to “The Occupier”.
Once you know who is responsible for supplying the electricity in your home or business, it will make it easier to reassess your contract details and update any information with them.
If you are in a rented property that includes bills and utilities as part of a monthly payment, you may not have access to the energy bill, in which case you need to contact the landlord or estate agent to find out. It’s always useful to keep track of where your money goes when dealing with a third party.
You also have the option to contact your distribution network operator to find out who is supplying your business electricity. You can use the Energy Networks Association postcode search tool to find out which area your property belongs to.
-
Who Supplies My Business Gas?
To find out who your current business gas supplier is, you need to check your most recent gas bill. It should include the name of your supplier and the contract/ tariff you are on. You could be on a dual fuel contract, meaning you get your gas and electricity from the same supplier.
Once you know who is responsible for supplying the gas in your home or business, it will make it easier to reassess your contract details and update any information with them.
Alternatively, by using the Meter Point Administration’s (MPA) online search tool, you can find out who is supplying the gas for your area by simply entering your postcode.