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We Have Helped Over 350,000 Companies Switch Business Energy Contract
With a trusted panel of business energy suppliers, we ensure a smooth business energy price comparison & switching process which will help your company find the best deal. It has never been more important to review your business energy prices and it takes just 30 seconds to see the latest quotes online with us.
Why pay more for the same business energy?
Why Compare Business Energy Prices & Switch With Us?
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Once you have viewed the latest business energy prices & selected your desired tariff, your account manager will make sure you have a smooth switching process. We'll handle the entire switching process so you can continue doing what you do best.
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Business Electricity
Once you have decided to switch your business electricity, the process is easy. Before you select your tariff, think about how your business uses electricity. Depending on when you use your electricity, you may be able to secure cheaper business electricity rates. Before you compare business energy prices, it is a good idea to have a recent energy bill to hand.
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Business Gas
When comparing business gas quotes, it can be difficult to know where to start. Consider how your business uses gas and look at current business energy market prices. Our team is always happy to advise on selecting the right business energy tariff and increasing energy efficiency.
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Business Water
You can now save even more money by switching your business water supplier. Saving more has never been easier, and we'll even provide a free water audit if you spend over £1,000 annually on your water bills when you switch with us.
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How to Find Cheaper Business Energy Prices
With business energy prices stabalising throughout 2023 and 2024, there are now a lot of competitive fixed-rate deals available on the market. Comparing the the latest deals is the best way to find the cheapest business energy prices and having the most accurate consumption data when you do so will allow you to get the most accurate quote.
We work with a trusted panel of business energy providers so that you can find competitive deals and switch online with confidence. You can see our latest prices here in just 30 seconds.
We have a long history of working with British companies to save them money on their business energy bills. Our self-serve, business energy price comparison platform allows you to compare the latest available prices and switch at a time that suits your busy schedule.
Should You Switch Business Energy
Do you like having more money in your pocket? Customers using our comparison engine save £1,401* on average annually.
You may have some added non-financial motivations linked to your desire to switch like a better suited tariff, better customer service or features.
We understand that getting your business energy contract rolled over onto out-of-contract rates may be easier. However, these unit rates are much more expensive than nearly all tariffs. Comparing business energy prices is still the best way to secure the cheapest unit rates at any given time and avoid costly out-of-contract rates.
Our team is more than happy to help you switch business energy suppliers and bring your average business energy bill costs under control.
What to Consider When Getting a Business Energy Quote
You may focus on the price as a main factor; and whilst that’s the main element we’re all focused on, taking a step back and considering how your business consumes energy can make your saving even bigger.
- Business energy tariffs - selecting the right tariff for your business can have a huge impact on your energy rates. For example, a restaurant primarily operating in the evenings and weekends may find they have cheaper business energy bills on an Economy 7 tariff.
- The size of your business - not just thinking about the size of your business premises, but also your overall consumption. Higher consumption users will pay lower business energy rates due to purchasing more gas and electricity. Got multiple premises? Grab a multi-site deal and increase your purchasing power.
- Business energy supplier pricing models - some suppliers will charge more than others. Whilst the wholesale energy market will guide overall prices, suppliers will have different prices.
Compare Business Energy Tariffs
Each business energy 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 energy tariffs, in order to identify the most suitable tariff for your company & better manage your energy costs.
For standard contracts, there are several business energy tariffs available:
Fixed-Rate Energy Tariff
The price per kWh will not charge for the duration of your energy contract. You will be protected against any price increases for energy.
Variable Rate Energy Tariff
The price per kWh will change from month to month. You will pay the rates in line with wholesale market prices. This means your business could experience both price increases and decreases.
Green Energy Tariff
A green business energy tariff is a more environmentally friendly way to power your business. This is an easy way for businesses to start their journey to becoming more sustainable.
Deemed Tariff
Setting up business energy for the first time? Until you go through this process you may be on an expensive deemed rate tariff. Not ideal but switching to a cheaper business energy tariff is just a few clicks away.
Rollover Contract
Business energy providers will place you on out of contract rates if you haven’t secured a new deal by your contract end date. These are expensive rates and you should avoid entering this type of deal. The good news is that a new deal can often be secured up to 12-months before your contract end date.
Latest Business Energy Prices
A changing market can make it difficult to understand if your getting the best deal from your business gas and electricity quotes. Fortunately, we've pulled together the latest business energy prices per kWh for both gas & electricity and grouped them by business size.
| Business Size (Annual Usage) |
Electricity (p/kWh) | Annual Electricity Bill | Gas (p/kWh) | Annual Gas Bill |
|---|---|---|---|---|
| Very Small/Micro (up to 5,000kWh) |
25.2p | £895.75 | 8.6p |
£351.03 |
| Small (5,000-15,000kWh) |
25.2p | £2,803.37 | 7.6p | £931.05 |
| Medium (15,000-25,000kWh) |
25.2p | £5,356.58 | 7.4p | £1,660.90 |
| Large (25,000-50,000kWh) |
26p | £10,164.12 | 7.4p | £2,993.17 |
| Extra Large (Corporate) (50,000-100,000kWh) |
25.1p | £19,255.64 | 6.5p | £5,457.85 |
Data correct as of May 2024. 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.
Should I Fix My Business Energy Prices in 2024?
Fixing your energy prices can provide several benefits for your business. By fixing your energy prices, you can more accurately budget for your energy costs.
During the height of the energy crisis, many businesses were reluctant to fix at higher prices offered by suppliers. However, since 2022, business energy rates have fallen more than 60%. As prices are expected to remain steady, more businesses are now securing fixed rate contracts.
However, it’s important to keep in mind that energy prices can change quickly due to factors including the global markets, geopolitical events, and supply and demand. Fixing your prices can protect you against these changes for the duration of your contract.
Small Business Energy Price Comparison
Running a small business can be difficult. Add on all the business utilities to manage, and it becomes even more time-consuming.
Finding a great deal on your business energy rates can be as easy or as hard as you make it. You just need to know where to look. Luckily, you’ve landed in the right place.
You’ll find some great exclusive small business energy prices using our comparison engine and we will even take care of the entire switching process for you. You can switch anywhere, anytime. Our comparison engine is built for the convenience of a busy small business. We also have a guide here on small business energy grants for you to check if your company is eligible.
What Is a Micro-Business? - Can I Get Cheaper Business Energy Prices?
You may have heard the term ’micro-business’ floating about. This is terminology that suppliers use to classify different types of consumption levels when it comes to energy. There are some unique benefits of falling into this category.
Ofgem defines a Micro business consumer as a non-domestic consumer that meets one of the following definitions:
- Uses less than 100,000 kWh of electricity per year, or
- Uses less than 293,000 kWh of gas per year, or
- Employs fewer than 10 employees (or their full-time equivalent) and has an annual turnover or balance sheet no greater than €2 million (approx: £1.8 million)
If you pay less than £12,000 per year for either electricity or gas you may be considered a micro business.
Benefits of Being a Micro Business
The majority of small businesses in the UK meet one or more of the criteria above, and so may benefit from the following benefits:
- You can give your termination notice at any time during your contract. Unlike larger businesses, you don’t need to worry about renewal windows when looking for a new contract. The maximum notice period for terminating a micro-business contract is now just 30 days. If you feel like your tariff prices are too high, you can switch business energy suppliers at any time.
- Your fixed-term renewal letter must include your current business energy prices, new prices and annual consumption. Historically business energy suppliers would send confusing and unclear renewals that made it difficult to understand your options.
- Ofgem’s Standards of Conduct (SOC) covers most, but not all, interactions with your supplier. This ensures that micro-business consumers are treated fairly with respect to billing, contracts and customer transfers.
Large Business Energy Price Comparison
You may have some more intricate requirements when it comes to energy management solutions. We have an expert business energy procurement team that will build a custom energy solution for your organisation. Arranging everything from advanced energy management insights, meter installation (including half hourly meters) and arranging new premises supply; we have you covered.
What Happens at The End of a Business Energy Contract?
Energy suppliers will move companies over to a variable rate tariff. The business will be charges at the current market rate and prices can fluctuate from month to month. If electricity rates are low, your business could save money; but in most cases these tariffs tend to be more expensive for both business gas and electricity.
It is often advised and better for companies to compare business energy prices to find a suitable fixed rate tariff and the best overall package for their business energy contract.
You can compare the latest business energy prices here.
Business Energy FAQs
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What Does British Business Energy Do?
British Business Energy is a price comparison site that is free to use for UK businesses. We get paid directly from the business energy supplier. This means we can offer our customers a variety of great deals on their business energy contracts.
British Business Energy has strong commercial partnerships with many of the leading UK business energy suppliers to have access to great deals.
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What Information Do I Need to Get a Business Energy Quote?
You will need the following for an accurate business energy quote.
- A recent business electricity and gas bill
- Your MPRN and MPAN numbers (these can be found on your bill)
- The length of your current business energy contract
- Simple contact details
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Can I Switch Business Energy If I Have Multiple Premises?
Companies with multiple buildings with separate meters can combine business energy bills. A multimeter can help companies manage their gas and electricity suppliers much easier than switching business energy suppliers multiple times.
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What Are Business Energy Grants?
Business energy grants are financial incentives provided by the UK government or energy suppliers to support businesses in adopting energy-efficient practices or renewable energy technologies.
These grants aim to encourage businesses to reduce their energy consumption, decrease environmental impact, and promote sustainability. The types of projects we tend to see include energy-efficient upgrades, installation of renewable energy systems, or implementing technology that improves overall energy efficiency.
Businesses can use these grants to offset the initial costs associated with adopting a more sustainable and cleaner energy solution.
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What Happens to Business Energy Customers’ Debt?
This will depend on the arrangements the administrator puts in place to recover any monies still owed to the failed supplier, including those owed by former customers.
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What Happens to My Credit Balance as a Business Customer?
Business customers’ credit balances are not protected under the Safety Net. We will try and appoint a supplier to cover all or some of the outstanding credit – but, this isn’t guaranteed.
You should contact your old supplier’s administrator about any credit balances you may have.
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Who Supplies My Business Energy?
To find out who your current business energy supplier is, you need to check your most recent energy 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 energy in your business, it will make it easier to reassess your contract details and update any information with them.
You also have the option to contact your distribution network operator to find out who is supplying your business energy. You can use the Energy Networks Association postcode search tool to find out which area your property belongs to.
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What’s the Difference Between Long-Term and Short-Term Energy Contracts?
Short-term energy contracts are like renting - they are much more flexible but prices can change quickly. Long-term contracts are like buying - stable, but you are committed even if prices drop or rise.
Short-Term Energy Contracts
Pro: Flexible
Con: Price Volatility
Long-Term Energy Contracts
Pro: Stability
Con: Less Flexibility
Choosing the right energy contract length depends on your business energy needs and risk tolerance, like energy consumption and budget.
Speak to a Business Energy Expert
Call now on 020 3981 9657
| Lines Open: | |
|---|---|
| Monday - Friday | 9am - 5pm |
| Saturday | Closed |
| Sunday | Closed |