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Business Electricity

Business electricity prices

As a business owner, you know how important it is to keep your costs down as much as possible. It can be easy for your energy bills to mount up, and this can add a substantial amount to your monthly outgoings. Nobody likes paying over the odds - you can stop this happening by making sure you’re on the best deal and getting the best value for your business.

Why compare business electric prices?

Unlike energy deals for your home, there are no standard ‘off-the-shelf tariffs’ for businesses. Commercial energy contracts are designed for each individual business, so you get a bespoke deal that’s tailored to your business’s unique needs.

Switching to a better deal is a quick and easy way to reduce your overheads, by making sure you’re getting the best deal possible and not paying over the odds. Switching won’t affect the day to day running of your business - you won’t need to have any work done at your premises, and there won’t be any interruption to your supply.

How to carry out a business electric price comparison

Usually, you won’t be able to switch to a new deal until your current one is in its ‘renewal window’ - this is normally one to six months before your contract end date. When you start shopping around for a new business electricity deal, you’ll need to know the details of your current deal, so you can get accurate quotes. You’ll need to know:

  • the name of your current electricity supplier
  • the name of your current tariff, and the date it ends
  • your supply type
  • how much electricity your business uses

You can find all of these details on your most recent bill.

Our energy experts will use this information to bring you the best tariffs available, so you can choose the one that best suits your business.

How much should your business electric rates be?

The amount you pay for your business electricity can be affected by lots of things, including the location of your premises and how much power you typically use. But, this table should give you a rough idea of the average amount you can expect to pay, according to the size of your business.

Business size Average usage per year Price per kWh Total annual bill
Microbusiness 7,500 kWh 14.76p £1,213
Small business 20,000 kWh 14.28p £2,958
Medium business 35,000 kWh 14.04p £5,013
Large business 90,000 kWh 13.75p £12,470
Industrial 250,000 kWh 13.39p £33,566

The figures above are based on industry averages and are only intended as a guide. There are many factors that impact the amount you pay for your business electricity including consumption habits and the location of your business premises.

Most businesses in the UK use between 15,000 and 25,000 kWh of electricity a year. This means that the average business pays 14.36p per kWh, and a daily standing charge of 28p, with an annual bill of £3,061.

How to get the best business electric rates

We make it simple and straightforward to switch your business electricity supplier. Just give us a call on 0800 156 0871 and give us a few details about your business, including your current supplier, the tariff you’re on and the date it ends, and we’ll do the rest. We’ll bring you quotes from a range of suppliers and help you choose the deal that gives you the best value for your business.

Once you’ve chosen a new deal, you can sit back and relax. We’ll pass your details to the new supplier, and they’ll handle the switch with your current supplier. Your new supplier will send you details of the switch-over date and a copy of your new energy contract - make sure you read this thoroughly before signing it, as there’s no cooling-off period with commercial energy deals.

When everything is agreed, you’ll need to take a meter reading on the day of the switch, and make sure you’ve paid any outstanding bills from your old supplier. And that’s it - you’ll be on your way to cheaper monthly bills.

Give us a call today on 0800 156 0871. Or, if you’d prefer, leave your details in the form at the top of the page and we’ll call you back.

By submitting your details you agree to our terms and conditions and privacy policy. We promise we won't share your data with others for marketing purposes

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