Business Electricity Rates
Business electricity prices are rising. Save time and money, compare business electricity deals today.
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Get the most competitive electricity quotes for your business. We help thousands of businesses save every year!
Why switch your business electricity supplier?
Energy use continues to be a major cost for most businesses. Whether you are a high electricity user or a service-based office, electricity expenditure makes up a substantial proportion of your monthly bills.
Most of our electricity supplies come from burning coal and oil. These supplies are imported from abroad and are becoming increasingly difficult to obtain, forcing the energy market to look into alternative ways of producing electricity. With new technology and green energy generation, there are different electricity options that could work for your business.
In line with energy shifts, our suppliers offer an extensive range of competitive electricity packages to cater for different business requirements.
What are business electricity costs made up of?
As with all energy, there are many elements that are included in the cost of producing and distributing electricity. Third party costs contribute to a segment of electricity supplies and are increasing. Back in 2010 only one third of your energy would have been third party costs this has escalated to 45% of an energy bill in 2015.There is also transmission costs that are included. These have increased by 75% since 2010, the renewable obligation (RO) has increased by huge 225% since 2010 and the feed in tariff (FIT) has increased by 1300% since 2010.
What percentage of your businesses electric bill is electricity...
Though these charges are steadily rising, do not underestimate the potential savings you could make on your business electricity contract. The complexities of the energy market can be overwhelming however, taking advantage of industry experts will guide your way to lower costs. We are ideally placed to advise on the best prices available to you.
We will save you time & money
Best Price in Minutes
Our UK based energy consultants will find you the best price in minutes! We have access to all major suppliers prices
We are so confident that we can beat your initial renewal quote that we will pay you £500 if we cant! *Terms and Conditions apply
Your account manager will complete all the paper work and set up your new utility contract with your supplier
Best Electricity Deals
Our business consultants are on hand to help. Fill in our simple contact form or call us free.
Another quick, easy way to gain quotes for your business is to complete a Letter of Authority (LOA) and send it back to us with your contact details – Download here
You can attach this to a contact form or email it through to email@example.com quoting WEB LOA. Once of our consultants will then call you to discuss your business and requirements.
Not sure about signing an LOA? Contact one of our friendly commercial electricity experts today and we will find you the best electricity supplier for your business.
Frequently Asked Business Electricity Questions
To start saving money on your business electricity you have to tackle consumption and energy spend. Energy monitoring and saving devices are good, but if you want to save money you also have to look at your energy statements to see how much you're paying for your unit rate and daily standing charge. Keep your contract end date in mind, you can start comparing business electricity quotes up to one year before your contract end date. Your current rates will be used as a starting point.
Many suppliers are offering their customers free smart meters, allowing you to monitor your usage in real time. Why not see what optional extras you can get with a contract by speaking to us today?
Digital - Read from left to right. If you have 2 numbers due to having a ECO20:20 or Economy 7 meter, then take note of both readings.
Electronic - There's 2 different types of electronic meters. This could show a digital cycle display where you have to press a button to see the numbers, or they may visible at all times. Dismiss the red numbers and refer to your previous bill or Utility Bidder to find your day and night rates.
Dial - Always read the meter from left to right. If the number is between 2 different digits then take the lower number. If this is between 9 and 0 then take the number 9.
You may have seen the increase in your business electricity prices over time, this is because electricity costs are increasing.
Although prices are generally increasing, there's occasionally dips in the market (which need to be taken advantage of) but across the years, when analysing our date, prices / rates are inflating.
Securing a long term fixed contract early will help to protect you from the elements, although it can’t be avoided forever.
We recommend securing your new tariff early to avoid disappointment.
Your contract end date can be found on your bill, but if your struggling to find it then we can help. Our business electricity brokers are experts at analysing bills. You could be out of contract and paying inflated out of contract rates.
Due to our status with brokers. We can help ensure that you switch to the best deal for your company. Call us today to find out if your business is paying too much.
A smart mater automatically checks your energy consumption every month. Subsequently, your businesses electricity bills will be more accurate. This can help save on your electricity usage.
A lot of suppliers can offer smart meters for free as part of your deal.
You can switch your electricity supplier at the end of your contract. It's important to check if your contract has come to an end because your business could be on to a variable price plan. Variable rates are a lot higher then your contract rate, therefore you will be paying a lot more!
Most electricity suppliers give you a six-month window to choose a new contract before the end date, some are generous and give you a whole year.
Chat with one of our friendly commercial team and we will look in to your bills and pricing for you.
Whether you have a small business or a large business, your electricity supply is important to the success of your company. Tariffs and deals vary depending on the type and size of your business. In most commercial cases, generalised price books or online generic price quotes will not be the best deal for your company.
At Utility Bidder, we take on businesses as a case by case basis. Our knowledge of the industry and contacts allows us to win the best electric deal for your company.
Looking for a manual? A buyers guide? or a beginners guide to business electricity? Speak with our expert team today here.
Generally speaking, business prices are cheaper than domestic. However, there are a number of considerations to take in to account before choosing your tariff.
- What meter type is installed?
- How small or large is your energy usage?
- Business prices are usually fixed
- Don't jump in, compare prices for both domestic
- Tax - could you claim back deductions
- Discuss the protection that you will receive on your contract. Does this weigh up vs domestic?
There's many additional and inclusive charges that make up your statement. Only 45% of your unit rate is made up of raw electricity, the rest is made up of additional charges that get picked up on the journey to you. The cost of generating and distributing electricity is extremely high and over the years we have seen this increase dramatically.
Figures suggest that this trend is set to continue, with electricity prices continuing to increase. It's important to lock in the best deal for your business.
The initial renewal quote you receive from your current supplier is likely to be inflated. Having a good consultancy on board gives you access to all major suppliers and takes care of the process. Utility Bidder have access to live prices, allowing for negotiation of the best electricity deal for your business. If the best deal requires you to switch providers then we can deal with the whole process for you.
Speak to our experts today and we can compare business electricity deals and rates for you.
If you're moving business premises, adding another site to your portfolio or cease trading, it's necessary that you let your electricity supplier know, or search for the best deal.
If you have a broker or consultancy on board, they can help with logging a change of tenancy (if required) and this take care of the set up at any new premises – that’s one less thing you have to worry about.
A meter point administration number (MPAN) is used to specifically locate the electricity meter at your property / business. This can also be referred to as a 'supply number' or an 'S' number.
How do I find my MPAN number? - The MPAN number consists of 21 digits and can be found on your electricity bill.
Please call us today if you would like us to help you understand your bill or MPAN number. Every meter has it's own profile class - our experts can help you with this too.
No matter if your a corporation or a small commercial unit, your electricity is important. Locking in the the best rates can influence the success of your business.
Due to the continuous inflation that we're seeing in prices, its becoming increasingly important to use industry knowledge and negotiating skills to drive the best price.
Locking in the best deal over a longer period is becoming a better option for many companies. This ensures that your protected from market increases.
Both small businesses and large business electricity prices vary based on consumption, sector, location and contract length.
Corporate electricity rates vs small companies, means that collating generic quotes online is not a recommended solution. Each case should be treat on an individual basis.
Speaking with a professional in the industry, that has access to contacts within, can save you a lot of time and money. At Utility Bidder, we handle the process for you, from initial contact with our supplier account managers, down to the paperwork and bill queries. We will negotiate the best utilities tariff for you, allowing you to concentrate on running your business.
In today's market, there's many new cheap business electricity suppliers. This, combined with the big 6, creates a problem when choosing the right supplier. It's imperative that you invest time in to finding the right supplier.
Unfortunately, electricity prices are rising, and this trend will likely continue moving forwards.
Cost and usage fall hand in hand - higher usage = higher cost. However, large usage can open up options to deliver efficiencies on your electricity contract. Bespoke pricing for large electricity users / half hour meters and multi site locations influence the cost.
1. Use electricity from renewable sources
The Climate Change Levy is a tax that businesses need to pay for energy. It was designed to reduce carbon emissions and increase energy efficiency. It applies to all agricultural, commercial, industrial, and public services businesses.
The rate for electricity at present is £0.00568 per kWh. When you consider most companies use between 15,000 and 25,000 kWh per annum, your CCL tax is likely to be between £85.20 and £142.
You can eradicate this cost altogether by switching to renewable energy. This includes the likes of installing solar panels or switching to a renewable energy tariff. There are lots of providers available today that offer 100 per cent renewable energy.
2. Consider your tariff options
A fixed tariff means that you will be charged a fixed fee depending on your use. This differs from the standard variable tariff, which you are likely to be paying now. A variable tariff is impacted by market fluctuations, whereas a fixed tariff is not.
There is no right or wrong answer when choosing between the two; it depends on your business and your use.
3. Sign up for a smart meter
A smart meter does all of the hard work for you, meaning you don’t need to carry out meter readings yourself regularly. This is a new type of electricity meter that will send readings directly to your energy supplier, making your bills more accurate so you never pay over the odds. They're free to install, too.
4. Compare quotes before your contact ends
Before your contract ends, it is a good idea to shop around to get as many quotes from different suppliers as possible. You may find that you can get a much cheaper rate if you switch supplier.
However, make sure you do this before the end of your contract. If you don’t, you will miss out on the chance to secure a great deal. The best time to start looking is six months before the contract end date.