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Large Business Energy

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Large businesses with high energy consumption often require a bespoke service to find a gas and electricity contract that meets their needs.

The good news is that there are a number of benefits to being classed as a large business energy consumer. A higher usage can often unlock much more competitive unit rates and standing charge costs.

Despite this, many commercial businesses do not pay much attention to their energy, or just pay the price on their renewal. Spending a few minutes comparing business electricity prices can help uncover large amounts of savings. These savings can run up to hundreds of pounds per year.

Here at Business Energy, we’ve helped large businesses across the UK in finding an energy tariff that meets their requirements and ensuring they get the most out of their energy usage.

Starting your large business energy comparison is easy. Simply compare the latest prices by completing our quick quote calculator and out experts will take care of the entire switching process.

Do I qualify as a large business?

Unlike the rules relating to micro businesses, the definition of a large business energy user can vary.

As a general rule, large companies consume at least 55,000 kWh of electricity or 200,000 kWh of gas per year. Reaching this amount of energy usage comes at quite a large cost.

Most commercial energy suppliers offer specific energy plans and meters to help manage usage for large industrial and commercial businesses.

What are the average large business costs?

The prices available to businesses can vary greatly depending on your energy usage. However, average prices are provided quarterly by the government for a variety of business sizes. Here, you can view the latest average prices per kWh:

Business Electricity Prices per kWh

Business Size

Unit Price per kWh

Large Business

17.44p

Very Large Business

17.22p

 

Business Gas Prices per kWh

Business Size

Unit Price per kWh

Large Business

3.69p

Very Large Business

4.11p

These prices are for Q4 2021. Source GovUK. Updated April 2022. 

What can affect my business energy prices?

There are a number of factors which go into to calculating your business energy costs. These include:

  • Your location
  • The size of your premises
  • Your current energy supplier
  • Your current business energy spend
  • Your current consumption of kWh units and current standing charges
  • Your meter type (standard, economy 7, maximum demand or half hourly)

At Business Energy, we’ve developed strong relationships with a wide panel of trusted commercial energy suppliers. We’ll work with you to find large business energy quotes which suit the exact requirements of your business.

What meters are available to large businesses?

Due to the specific requirements of a large business, your commercial energy meter type is vital. Having the right commercial gas meter and electric meter in place will ensure that managing your energy usage is much simpler and more effective.

Some of the most common commercial meter types include:

Half-hourly meters

Half hourly meters are commercial electricity meters which send meter readings to your supplier every 30 minutes.

A half hourly meter is mandatory if your business uses at least 100,000 kWh of electricity each year. If you use more than 70,000 kWh of electricity each year, you will also have the option of switching to a half hourly meter.

Due to the regular and automatic meter readings provided, a half hourly meter offers the most accurate billing available. This is especially important to large business energy users.

It will also become much more simply to track your energy usage and discover any energy wastage at your business premises.

Multi-site meters

Multi-site meters are for businesses who operate from multiple locations or those who require more than one meter at their business premises.

A multi-site meter makes it much easier to manage your business energy contracts as your billing will be greatly condensed. Instead of receiving multiple bills for each meter with separate renewal dates, you can manage and renew all of your meters at once.

This can also give you a much greater buying power when it comes to comparing commercial energy suppliers. If your business operates in multiple locations, grouping those premises can unlock gas and electricity rates.

Multi-rate meters

Multi-rate meters allow suppliers to provide better prices during off-peak hours. This means there will be one rate for daytime energy, and a cheaper rate at night-time.

If your business consumes large amounts of energy during off-peak times, you may be able to save money by switching to a multi-rate meter.  

How do I get the cheapest business energy?

Evaluation of business energy efficiency will help determine how much could be saved. Whilst switching supplier provides the largest savings, ensuring the business is efficient will have a large impact too.

For more information about energy efficiency, click here to read our guide.

Reduce large business energy bills with an energy audit

Due to the high energy usage of a large business, significant savings can be made by carrying out an energy audit.

A business energy audit offers you a full review of your energy usage and the areas where you may be wasting gas and electricity. Your audit can be carried out by an expert who will visit your premises to assess where you can make savings on your business energy bills.

Your auditor will review any machinery, lighting, heating systems, and your building’s insulation. They will then make a number of recommendations on how you where you can reduce energy wastage and the estimated costs of making the changes.

Business Gas

Many businesses may think they do not use much gas. Large savings are available by switching to a cheaper gas supplier. On average a large business consuming 75,000 kWh of gas could see charges of £3,139 per year. The easiest way to bring the prices of business gas down is to compare energy prices.

If you have recent gas readings to hand, click here to use our gas bill calculator to estimate your next bill.

Business Electricity

It is easy to overpay for business electricity. It may be a low priority for many owners, but it can save hundreds of pounds each year. 

If you switch your energy with Business Energy, we will negotiate the prices with the suppliers on your behalf. This ensures you’re getting a great deal on both your gas and electricity.

Copyright © 2022 BusinessEnergy.com All rights reserved. BusinessEnergy.com is an energy intermediary and not a supplier. The UK trading name follows the Utilities Intermediaries Association code of conduct and Ofgem policies. All suppliers logos are trademarks of their respective owners.

Percentage energy savings quoted are against customers who let their last contract renew automatically.

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