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We compare over 150 business electricity tariffs
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Electricity Suppliers we Compare...
We Keep it Simple with our 3 Easy Steps...
1
Fill in Our Simple Form...
We ask a small set of questions which helps us understand your business and its needs.
2
Our Expert Team Searches our Network of Electricity Suppliers to Find You the Best Deal...
Once your quotes are ready, an expert from our trusted partner will be in touch.
3
Sit Back and Start Counting Your Electricity Savings!
Pretty easy wasn't it?
Why BusinessComparison to Compare Business Electricity Suppliers?
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Never overpay for business electricity again.
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Compare Business Electricity Prices and UK Suppliers
Managing business expenses can be difficult, especially when it feels as if utility bills are always on the rise. The great news is that we can help you find great value business electricity with our quick, simple, and hassle-free business electricity comparison service.
With an endless list of business electricity suppliers in the UK to choose from and hundreds of possible tariffs, we know how overwhelming it can be. By using our service to compare business energy online, we can provide you with access to the best deals on the market.
Find the Best Business Electricity Prices with our Comprehensive Comparison Service
We can help you compare the business electricity rates of the 'Big Six', including British Gas, EDF Energy, E. ON, npower, Scottish Power and SSE, alongside a variety of other business electricity suppliers.
Comparing business electricity rates is completely free and 100% impartial, which means you could find the cheapest business electricity prices in just a few quick clicks. We are committed to helping you find the best business electricity deals by comparing both business electricity tariffs and the supplier's ability to provide the best quality service. There are so many ways to save on your business electricity bills, regardless of whether you are looking to switch to a large or small business electricity plan.
Business electricity prices are based on the fluctuating wholesale cost, which will change daily. Although rates are often lower than domestic electricity, the VAT rate for business electricity is charged at 20%, rather than the domestic rate of 5%. These differences can make comparing electricity for business premises difficult, as there are so many individual tariffs available. However, our comprehensive comparison service is designed to make it as simple as possible to compare the unit rates and current offers so that you can switch to the best electricity for business customers with ease.
How Does the Business Electricity Comparison Work?
The ideal time to compare business electricity suppliers and rates is before your renewal window, which is usually between 1 and 6 months prior to the expiration date of your current electricity contract. This window gives you time to compare the available options and find a competitive tariff. Alternatively, you can wait for your current supplier to provide a renewal offer, as this will give you a starting price to compare the quotes from other providers.
Comparing business electricity suppliers with our dedicated team is surprisingly simple, all we require are a few details. To ensure you are provided with an accurate quote, it is advisable to provide us with an accurate estimation of how much energy you are likely to use or information on how much you currently spend. To enable us to compare the available business electricity online quotes, it is also useful to provide your location and the tariff details of your current business electricity plan.
This will enable us to calculate and provide an accurate comparison of the potential business electricity rates and the savings they could provide. The prices can vary between different regions of the UK, as the standing charges that the local distribution networks add to the energy unit costs depend on the location as well as the supplier.
We will compare business electricity suppliers and present you with the best deals available to you. All you need to do is compare the unit rates, standing charges and the terms of the available plans and select which option works best for your business' electricity requirements.
Which Business Electricity Tariffs are Available?
By comparing the available rates and ensuring you are on the best tariff for your own business requirements, you will ensure your business is not locked into a high-cost rollover tariff. The tariffs available may depend on the type of business electricity meter currently fitted within your premises. The most common meters are half-hourly meters, which are often used in businesses with large consumption levels, multi-site meters and cost-saving smart meters.
A fixed-term contract is usually the cheapest option as it locks in a price for a set number of years. However, it is worth remembering that if you leave a fixed rate tariff early, you may be required to pay an exit fee. However, in many situations, there are still savings when taking into account any fees when locking in the best business electricity rates. When signing up for a new provider, it is possible to lock in a rate for a fixed period of between 1 and 5 years, which means you will know exactly what you will be required to pay over the agreed period. However, it is worth considering that wholesale business electricity prices can rise and fall, and being in a long fixed-term contract can mean your chosen tariff isn’t always the cheapest available for the entire duration.
The opposite of a fixed rate tariff is a variable rate contract, which will require you to pay the current market rates for electricity for each unit used. This means fluctuations in business electricity prices will impact your business, and your bills each month could change even if you use the same amount of electricity during that period of time.
How do I Switch My Business Electricity?
The information you provide to us will be passed across to your new supplier, who will contact you to confirm the switch. The new supplier will then take care of the switching process, and your supply will not be interrupted at any point during the switchover. The new business electricity supplier will notify the current provider and will manage the switchover process on your behalf. You will receive a final bill from your old supplier, which you will need to pay to close the account.
The required information will be simple to find on your most recent electricity bill, such as the current suppliers' details, the type of business electricity you currently receive and how much you are using. The new supplier will also need your meter point reference number (MPRN). The easiest place to find this will be at the top of your latest bill, it will contain 11 digits.
How Much Could I Save on My Business Electricity Rates?
The amount you save will largely depend on the size of your business, but the potential savings can be huge. Some businesses can save £1,000s by switching, but until you provide your specific details, it is impossible to give an accurate figure. As the individual business electricity tariffs are designed for each business, it is difficult to suggest a typical tariff as no two will be exactly the same.
In 2015, the Competition and Markets Authority reported that roughly 40% of businesses in the UK had not switched energy providers in the past five years, with 39% never switching. This means there are thousands of businesses which have been overpaying for years without knowing. In fact, we are so confident we can beat your energy renewal quote that if you find a cheaper option, we will give you up to £1,000.
If you never want to overpay on your business electricity rates again, we will take care of the hard work by providing you with a variety of business electricity quotes from suppliers who will handle the whole process for you. We are dedicated to helping you find the best deal from the most customer-focused suppliers. To find out more about how we compare business electricity suppliers or if you want a quote, please contact our team today.
Why Should I Switch Business Electricity Suppliers?
There are three possible ways to save money on your electricity bill; using less energy, making energy efficiency improvements and switching suppliers. The easiest and quickest way to reduce your energy bills is to switch suppliers. This is because the majority of suppliers of electricity for businesses in the UK will provide the best rates to new customers.
To get the best business electricity rates for your company, you should consider a variety of factors. For example, are your electricity requirements likely to change and how long will you be based at your current premises? Business electricity rates can vary greatly as the tariffs are based on your specific circumstances. However, we can help you compare business electricity suppliers and get individual quotes to save you money on future electricity bills.
Business Electricity FAQs
There are lots of factors that impact business electricity rates, and the tariffs that are available when you are looking to switch. These can include:
Wholesale prices, which can be influenced by geopolitical factors
The size and location of your business premises
Your business credit history
Your business sector and the amount of electricity you use annually
With access to a wide variety of different suppliers and tariffs, BusinessComparison can help you find the best business electricity prices for your specific circumstances.
If your business is in a fixed-term contract with your electricity provider, leaving early will incur an exit fee, which is usually the cost you would normally pay for the rest of the contract term.
If you are close to the end of the contract, this could be worth doing if comparing business electricity suppliers shows that you can save more on a new deal than your exit fee will cost. However, this should always be carefully assessed to make sure that you’re not left out of pocket.
We can find you the best business electricity rates available to help you make an informed decision on when to switch.
There are lots of factors that impact the business electricity rates available to a company and one of those can be the size of the business. Large organisations with high electricity use or multiple sites to service can sometimes be offered negotiated business electricity prices that smaller companies may not be able to access.
That being said, we pride ourselves on finding personalised business electricity rates and tariffs for companies of any size with the aim of saving you as much money as possible on your energy.
Many energy suppliers offer green energy tariffs to businesses as an option. This means that the supplier will buy the equivalent amount of renewable electricity as your business uses.
Sometimes, green business electricity rates are slightly higher than other kinds of tariffs, but most of the time, it doesn’t cost significantly more for a business to be on a renewable electricity contract.
Find out more about renewable business energy.
Assuming that you are no longer locked into a fixed-term contract with your current supplier, switching to a new business electricity provider and contract usually takes around four to six weeks.
If you’re coming to the end of your current agreement, it’s sometimes possible to arrange for the switch to take place the day after your existing contract ends. This means that you can start paying lower business electricity prices on your new deal as quickly as possible.
In the same way as when switching electricity suppliers for a residential property, there is no break in service when you move to a new supplier. The actual energy being supplied to your business premises doesn’t change, just the company that manages it.
We can compare business electricity suppliers to find the best possible prices and tariffs for your company.