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Compare business energy suppliers, prices & quotes

compare business energy

The best way to save money on your business energy bills is to compare quotes and switch to a better offer. Read on to discover how to start cutting energy costs today!


It pays to compare

Comparing business energy prices can be rather time consuming. Unlike with domestic energy tariffs, suppliers don’t always publish their rates online. You will actually need to contact various suppliers and speak with someone to get a personalised business energy quote. Then you’ll be able to compare.

Does this sound like too much of a hassle? Don’t turn away just yet. The amount of money that your business can save by switching to a better deal far outweighs the time and effort involved in a comparison.

Small businesses can easily save hundreds (even thousands) of pounds a year on business energy bills just by switching to cheaper gas and electricity plans.

Between utilities, rent and taxes, you’ve already got enough expenses. Why not cut your business energy costs so that you can have more money to go towards the things that really matter?

Read on to learn about comparing business energy prices in your area. You can also give us a call here at Selectra to get a personalised comparison. That way, you’ll only need to make one phone call instead of having to contact numerous energy suppliers to compare.

No matter whether you’ve got a salon, a restaurant or a shop, we can help you find the best deal for your business, regardless of its energy demands.

Don't let your business energy bills get the best of you Talk to one of our trained advisors today to get the best deal on your small business gas and electricity bills. Call 020 3966 4692 or get a free callback now.

Before you compare

Before you start, it’s important you understand that business energy plans are much more complex than with domestic properties. Gas and electricity must be compared separately, and pricing significantly varies depending on the following factors:

  • The type of business you operate. Not all businesses run Monday to Friday from 9 am to 5 pm. Businesses that consume more energy at night or at the weekend will usually pay lower rates during these off-peak hours since there is less overall demand.

  • The location of your business. Business energy prices vary depending on the region in which your business is located. If your business is based in a rural area, you can generally expect to pay more than if it were located in the city.

  • The size of your business. The larger the business, the more buying power you have. If you have more than one location for your business, you’ll be able to negotiate a better offer than if you were to operate in just one place.

  • The amount of energy your business consumes. The more energy your business uses, the more likely you are to get a better price per unit of energy that you use.

  • The type of tariff. Tariffs can have fixed or variable rates. Fixed-rate tariffs protect businesses from fluctuating prices for the duration of the agreement, while variable tariffs reflect the market.

  • The length of your contract. Business energy contracts can last anywhere from one to five years. While longer fixed-rate contracts generally have higher rates than short-term contracts, you could actually save more in the long run because these prices will be protected from any increases.

  • Your credit rating. If you’ve got a low credit score, you could end up paying more for energy because you are seen as a higher risk.

What do I need for a business energy comparison?

You should gather the following information in order to get the most out of your energy comparison.

Your annual consumption

To compare business energy prices, you should use your own consumption levels in order to get an accurate quote. You can find this information on any bill or renewal letter from your current provider.

To give you an idea of how much electricity and gas your business consumes, refer to the table below.

Business Sizes and Consumptions
Type of business Number of employees Turnover Average annual electricity usage Average annual gas usage
Micro business Less than 10 Less than £2 million 5,000-15,000 kWh 5,000-15,000 kWh
Small business 10 to 49 Less than £10 million 15,000-25,000 kWh 15,000-30,000 kWh
Medium business 50 to 249 Less than £50 million 25,000-50,000 kWh 30,000-65,000 kWh

Your current contract details

magnifying glass-bill

If you are currently in a contract, you will not be able to switch to a new deal until your current one comes to an end. However, it is possible to sign contracts in advance in order to take advantage of the current offers - you just won’t be able to switch quite yet.

Contracts usually have a renewal period during the last one to six months. During this time, you are able to compare business energy tariffs and switch to a better deal even if the contract has not expired completely.

If you have never compared business energy deals, you probably do not have a contract and are on what’s called a deemed tariff by default. According to Ofgem, being on a deemed tariff could cost you up to 80% more than if you have a contract.

The only way to avoid these expensive rates is to sign up for a new deal. The easiest way to get a new contract at the best price is to contact us here at Selectra on 0203 966 4692 or request a callback. We can help you find the best offer to meet the unique demands of your business.

Keep in mind that business energy suppliers do not offer single plans that cover both gas and electricity. Even if you register both fuels with the same supplier, they will still be under two separate contracts.

Your current rates

You’ll want to compare quotes against your current rates to see just how much you’ll save by switching.

Your rates are broken down into two separate costs: unit rates and standing charges. You have different ones for gas and electricity. The unit rate is what you pay per kWh of energy that you consume, and the standing charge is the price you pay per day just to be connected to the supply.

The table below breaks down the average electricity rates for businesses. Generally speaking, the more energy your business consumes, the lower the cost per unit.

Business Electricity Rates
Type of business Average electricity unit rate Average electricity standing charge Average electricity annual spend
Micro business 14.4p - 15.9p per kWh 23p - 29p per day £900 - £2,244
Small business 14.3p - 15.1p per kWh 23p - 28p per day £2,367 - £3,660
Medium business 14.3p - 14.7p per kWh 23p - 27p per day £3,774 - £7,234

In the following table, you will find the average gas prices for businesses. Gas rates tend to be cheaper than electricity rates.

Business Gas Rates
Type of business Average gas unit rate Average gas standing charge Average gas annual spend
Micro business 5p - 5.1p per kWh 19p - 25p per day £400 - £820
Small business 4.5p - 5p per kWh 19p - 25p per day £820 - £1458
Medium business 4.3p - 4.5p per kWh 24p - 25p per day £1458 - £2239

Most businesses will also have to pay a 20% VAT. However, if you run a charity or a non-profit organisation, you may qualify to pay just 5% VAT. Microbusiness can also qualify if they use a significantly low amount of energy. To see if you qualify, you should ask your provider for the VAT declaration form.

Business bills out of control? Gain back control of your bills with advice from one of our trained energy advisors. Call us on 020 3966 4692 or get a free callback now.

Get a quote

Now that you’ve gathered the details about your contract and your consumption, it’s time to get some quotes and start comparing! You can either contact suppliers directly or get a comparison through a third party service, like us here at Selectra.

To help you compare business energy suppliers, check out our business provider guide, or have a look at the following individual pages on popular providers to help you learn more about what they have to offer.

Even if you’d like to stay with your current business energy provider, we can still help you switch to a more cost-effective plan with the same company. Give us a call at Selectra on 0203 966 4692 or request a callback to speak with one of our energy experts for free today!

Expect to provide the following details when you call:

  • Your name as the account holder
  • The name of the business
  • The business address
  • Your Meter Point Administration Number (MPAN*)
  • Your current supplier and tariff name
  • Your annual consumption

Don’t worry if you don’t have all of the above details about your business. You can still get a quote started with just your postcode.

What’s my MPAN?* Your MPAN number is a 21-digit reference number for your electricity meter. This can be found on any bill, usually on the second page.

Before you switch

It’s important to remember that once you agree to a business energy contract, you will not be able to switch to a different offer until the contract comes to an end. This is why it’s so critical to get it right the first time around.

Getting it right doesn’t necessarily mean agreeing to the cheapest offer either. You want to make sure that your business energy supplier is reliable and provides high-quality customer support as well.

We advise doing some research and checking out customer reviews to make sure you choose the best option for your business. If a problem arises, you’ll want to know that you’ve got a supplier you can trust to answer the phone and offer support.

With so much at stake, it may be best to seek professional assistance when looking for a new business energy contract. Give us a call today on 0203 966 4692 to speak with an energy expert for free.

Are there more ways to cut my energy costs? Besides just switching to a cheaper energy plan, you can also decrease your business energy costs by reducing your consumption. Learn how to save even more with our guide on the best ways to cut back on your energy use at the office.

Updated on
Compare business energy suppliers, prices & quotes
Business
compare business energy

Compare business energy suppliers, prices & quotes

Are your business energy bills too expensive? Did you know you can save hundreds of pounds simply by doing a comparison and switching business energy suppliers? Learn how to quickly get a business gas and electricity quote and compare prices, so that you can start cutting your costs today!