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Why Use BusinessComparison to Find a Better Deal on Business Gas?
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Across the UK businesses are under pressure to pay rising business energy bills. Here at BusinessComparison, we make it possible to compare business energy prices by working with a panel of the leading business gas and electricity providers, to compare their various tariffs and offers.
Whether you are a small start-up or a large corporate organisation, the cost of their business electricity and gas can affect businesses of every scale. Rising energy bills can seriously impact operating costs and quickly begin to eat into any potential profits, so it is worth ensuring that your business signs up for the best business gas tariff available.
The majority of us know that we can compare energy prices for our homes to find the best deal, but it is also possible to find and switch to the cheapest business gas deals. Although the main benefit of switching your business to an electricity or gas supplier is the large potential cost savings, there are other benefits.
The various business gas providers will all offer different levels of service, so if you are unhappy with the customer support with your current business gas provider, a new supplier could provide an improved experience. There are also a growing number of green business gas and electricity suppliers that could provide a service that better reflects your own business ethos.
The amount you could save when you compare business gas suppliers will vary significantly depending on your current supplier, the levels of use and your current tariff. The type of contract you are currently signed up to will impact the amount you could save. For example, if you have multiple sites, you could benefit from a multi-site gas supply contract, or simply switching to direct debit payments could provide additional discounts on your current bill.
Business energy rates differ from domestic ones, as the energy rates can vary each day depending on the supply and demand, currency prices, regulator fees and government levies. Simple changes in the weather conditions or how you store your gas could impact the price you will pay for business gas. This model can make it difficult to predict and monitor the value of your supply, especially if you are not currently within a fixed price term.
Finding the right business gas tariff for your business may seem confusing. From fixed rates to variable tariffs, we'll help you find the best solution for your business requirements. Here, we help guide you through the different types of business gas tariffs and how they impact your energy bills.
There are two main types of tariff used for business energy. Because the size and scope of every business are different, so too are their requirements for gas and electricity.
Choosing the correct type of tariff reflects how you use energy within your business as well as how you go about paying for it. Certain factors should be taken into account when selecting a commercial gas tariff for your company, including your business's financial situation, how much energy you use and the location of your business.
A fixed-term contract for business gas can be the most cost-effective option as it sets a locked price for a set number of years. This means that if business gas prices increase during that term, you’re protected from these rises. On the other hand, it does mean that if prices go down, you won’t benefit from that unless you switch away to another tariff.
Keep in mind that if you leave a fixed rate business gas tariff early to get a cheaper deal elsewhere, you may be required to pay an exit fee. In many situations, there are still potential savings to be made when taking into account any fees, due to the lower gas prices available. When signing up for a new business gas provider, it’s standard to set a fixed term of somewhere between 1 and 5 years. This type of tariff can be very helpful for the business budget as you’ll know what amount your supplier will charge for the gas units you use during the length of the fixed-term contract. However, it is worth noting that the longer the fixed rate period you choose, the more expensive the tariff often is for business gas.
The alternative to a fixed rate contract is a variable rate contract for business gas. This type of tariff means that you pay the current market rate for each gas unit used. This rate will fluctuate so the result of this is that even if your business uses the same amount of gas each month, your bills can change each time. This type of tariff can make it harder to budget for business gas bills, which means that there is more risk because your rates depend on the state of the market.
If you are searching for cheap business gas, the first step you should take is to use our quick business gas comparison tool. Our comparison service helps you compare business gas prices from a variety of business gas suppliers.
Our comparison service considers your specific details, as the best business gas rates will vary depending on your location, demands and business size. We ask you a few simple questions about your current level of use and your anticipated gas requirements in the future, along with the name of your current supplier and the postcode for the business premises.
The gas rates available to businesses depend on more variables than domestic properties, with suppliers basing their available tariffs on factors such as the sector your business operates in and the business's credit rating.
We are committed to providing businesses with access to suppliers with the best levels of customer support. We chose our panel of gas suppliers because of their expertise, support and competitive prices.
Once we scour the available tariffs,we will provide you with the most competitive options, which we believe are best for your business. From the available tariffs, you can consider the length of the term, the contract type, the budget you have allocated and any additional extras that the supplier offers, such as business gas boiler servicing or additional care packages.
Our comparison service and team of dedicated energy experts will make the whole switching process quick and easy. Once you are happy with your business gas quote, we will then require some more detailed information. For example, your most recent gas bill, business registration information, gas meter number and the date your switching window opens. We will then pass the details you provide to the new supplier, who will begin to process your switching application.
The new supplier will organise the switch of your services, and there will be no disruption to your supply. The new supplier will use the same pipes to deliver your gas as the previous provider, which means the whole process is quick and saves you time. In most situations, there is no requirement to change your meter; if it is a standard meter, the new supplier will continue to use it.
The new supplier will contact you with a supply changeover date and payment details for your future bills. To close the account with your current supplier, you will need to pay any outstanding amounts or organise for any credit to be repaid to your business.
If you would like to compare business electricity or gas, our useful comparison service is completely free of charge, and all quotes do not carry any obligation to change your supplier. To find out more about how much you could save by switching your business gas, please contact our experienced team today.
If you are in a fixed-term contract with your current business gas provider, there is likely to be an exit fee payable to leave the deal before the term ends. The exit fee can vary, but many suppliers will charge you between 5-15% of your estimated business gas bill for the remainder of the contract length, including standing charges.
It could still be worth switching your business gas to another supplier if the savings that you’ll make from a cheaper deal elsewhere will outweigh the exit fee being charged.
We can compare business gas prices for you to find out if leaving your current contract early makes sense for you.
Renewable business gas, often referred to as ‘green gas’, is growing in popularity as more businesses aim for higher levels of sustainability and a smaller carbon footprint.
Green gas is sometimes called biomethane or biogas. It is produced by the breakdown of natural waste using organic bacteria in a process that is called anaerobic digestion. The process separates the carbon dioxide also produced, which leaves the green gas that is captured and then used to power UK homes and businesses instead of gas from fossil fuels.
While green gas is sometimes available for businesses to switch to, depending on their circumstances, it can be a more expensive option. When a business chooses to switch to a green gas tariff, gas is provided to the premises in the same way as always, but the supplier will ensure that the equivalent amount of green gas is added to the grid.
Find out more about renewable energy for businesses.
If your business doesn’t sign a new contract with your current gas supplier or switch to another provider at the end of your existing term, you will usually be rolled onto a deemed contract for energy automatically. The business gas prices on this kind of tariff will usually be the highest that the provider charges, so it can be very costly not to take any action when your current contract is coming to an end.
If you are coming to the end of your existing term, we can quickly compare business gas prices to help ensure you’re on the best possible deal available to your company.
Businesses with multiple sites or operating locations can also switch to another business gas deal. The way that comparing business gas prices for companies that have more than one place of operation will work depends on the circumstances.
If all of the business locations have a current contract that ends on the same date, it may be possible to compare prices based on a multi-site contract, which can result in even more savings.
If it’s the case that the different business premises for the same company have different end-dates to their current business gas contracts, we can compare deals for each site as and when it comes close to the end of the term. This approach can mean the business takes advantage of the best deal available at the time for each location, which may also bring significant savings for the company over time.