Compare Business Electricity Prices

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To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
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    Why compare business electricity rates and suppliers?

    Utility Bidder TELCA 2022 Banner

    When you compare business electricity prices with Utility Bidder, you’ll save time and money. Switching can help you ensure you’re on the best deal for your business, enjoy better customer service, and avoid being stuck on costly rollover tariffs or expensive deemed rates.

    You could save up to 65% on your annual electricity bills by changing your supplier – hundreds of pounds worth of savings. Our award-winning customer service team handles the whole switching process too, from start to finish – allowing you to focus on running your business.

    Get the best business electricity prices. Start your business electricity comparison!

    90K Businesses Helped
    65% Potential Saving
    £600m Energy Spend Managed

    How to compare business electricity prices?

    It only takes a matter of minutes to compare business electricity prices from the wholesale market. You’ll need a few important pieces of information to get started:

    • your business premise’s postcode
    • your annual electricity usage (which you’ll find on your bill)
    • the name of your current business electricity supplier

    Hit the compare button and we’ll instantly compare business electricity rates from more than 27 trusted suppliers. We’ll provide you with a tailored quote featuring the best deals based on the exact requirements of your business.

    What are the latest business electricity rates?

    We’ve put together the table below to give you a rough idea of how much your business could spend annually on electricity based on the consumption of similar-sized businesses.

    Business size Annual usage Unit price (per kWh) Daily standing charge (pence) Annual cost
    Micro business 5,000 to 15,000 kWh 26.6p 64.6p £2,833 (based on annual usage of 10,000 kWh)
    Small business 15,000 to 25,000 kWh 25.6p 83.0p £5,302 (based on annual usage of 20,000 kWh)
    Medium business 25,000 to 55,000 kWh 26.1p 65.5p £10,637 (based on annual usage of 40,000 kWh)
    Large business More than 55,000 kWh 26.4p 68.5p £14,548 (based on annual usage of 55,000 kWh)

    Disclaimer: Due to volatility within the energy market, prices can change on an hourly basis meaning that the prices you’re quoted are different from the averages shown. Prices may also vary according to your meter type and business location. Updated May 2024.

    A man checking his energy bills using a calculator

    What types of business electricity tariffs are available?

    You’ll pay a fixed unit rate for every kilowatt-hour (kWh) of electricity you use during your contract. A fixed tariff is beneficial for businesses that want to protect themselves against price rises as this price can be fixed for up to five years.

    You’ll pay a unit rate directly linked to the wholesale market – so, the amount you pay could go up or down. This tariff can be beneficial to businesses that want to take advantage of dips in business electricity rates. Although, a variable rate tariff can leave you subject to price increases.

    If you haven’t agreed to a new business electricity contract, you might be placed on an extended contract, typically lasting one year and legally binding. These contracts can have higher unit rates, potentially preventing you from switching to a cheaper deal.

    You’ll bulk buy all the electricity your business needs in advance, giving you access to wholesale market rates. This type of tariff is beneficial to large businesses with high electricity consumption.

    Your bill will be split into electricity costs, which remain fixed at a unit level for the duration of your contract, plus other variable charges, such as Transmission Network Use of System (TNUoS). These tariffs are beneficial to active electricity buyers who regularly control the tariff.

     

    If you don’t take out a contract with a supplier, you’ll pay a deemed rate – often the most expensive on the market. Secure your business electricity rates to protect your business against out-of-contract rates.

    An increasing number of businesses are embracing sustainability, with green electricity tariffs gaining popularity among environmentally conscious businesses. Business electricity suppliers are increasingly offering green tariffs – with power sourced from renewables.

    Micro business owners

    Is the cheapest business electricity deal the best choice for you?

    The cheapest electricity deals on the market aren’t always the best choice for your business. We understand the current energy crisis has made securing the cheapest business electricity prices more complicated than usual, and that’s where our energy experts can help.

    When searching the market for your next business electricity quote, we can help you find a deal that aligns with the needs of your business rather than simply securing the cheapest business electricity tariff. Therefore, it is recommended that you negotiate a new business electricity deal together with your current supplier. Get in touch with our energy consultants today to discuss your needs and secure the best business electricity provider that perfectly fits your business’s requirements.

    Business energy meter showing electricity prices per kwh

    What costs make up your business electricity rates?

    When switching your business electricity supplier, there are two key costs which make up your electricity bill, these include:

    1. Unit cost: This is the price per unit of electricity (measured in kWh) your business consumes.
    2. Standing charge: A daily fee covering grid maintenance and electricity delivery to your premises.

    These are the key factors affecting your monthly electricity bill. Additional charges may include Contracts for Difference, the Climate Change Levy, and VAT. VAT on business gas and electricity bills is typically charged at 20%, with a possible 5% discount in specific cases. For more information, check out our guide to VAT on business energy bills.

    Mark Gamble

    What our expert says...

    “As we enter into 2024, it is important to reflect back to 2023 and the changes that this has brought about to the energy landscape.

    2023 very much became a year of rebalance within the UK wholesale markets as both the UK and other countries made adjustments away from the reliance upon Russian pipeline gasnto alternate sources. A challenging task, but one made very much easier by the UK seeing over a 15% energy demand destruction, as businesses and homeowners reduced gas and electric consumption compared to prior year.

    The UK also saw back-to-back mild years, with both 2022 and 2023 being the warmest on record. The two mild winters and the general demand reduction above, meant that gas stocks in the UK and EU remained at high enough levels to give the markets confidence to edge wholesale pricing back down to levels seen ahead of Russia/Ukraine conflict, which will be a huge relief for businesses and homeowners alike.

    Q1 2024 currently sees its lowest wholesale pricing (in a very long time) for the forthcoming price curves (the summer and winter curves over the next 3 years) and this is crucial as it forms the basis of any new contract quotation and ultimately cost.   Energy pricing is always dependent upon the two fundamentals of “supply” and “demand” and whilst a good degree of positive sentiment exists in relation to the current status quo of supply and demand, now could very much be a good time to consider your new contract options”

    Read more about me

    Compare business electricity rates by supplier

    We’ve listed the latest commercial electricity prices from UK suppliers below. Please note, the price you may receive in a quote will depend on a number of factors, meaning it could differ from the prices displayed below.

    Energy supplier Electricity unit rate per kWh Electricity standing charge per day
    Smartest Energy 26.1p 63.1p
    Opus Energy 22.9p 195.9p
    British Gas Business 29.4p 62p
    Scottish Power 24p 120p
    EDF Energy 24.9p 51p

    Business Electricity Prices per kWh

    The cost of business electricity has been a major topic of discussion and concern throughout 2022 and 2023. However, electricity unit rates have consistently decreased for quite some time now! In fact, we have seen a 24% reduction since April 2022 and a 21% reduction since May 2022. We recommend that you secure your business electricity contract now.

    Why compare business electricity rates with Utility Bidder?

    We'll Pay You £1,000 If We Can't Beat Your Renewal Quote.*

    We’ve established close relationships with the biggest commercial electricity suppliers in the business. We’ve built bonds with smaller specialists, including those committed to 100% renewable energy.

    Our ‘premier’ status with the likes of British GasScottish PowerE.ONEDF Energy and many more enables us to provide you with a wider range of commercial energy tariffs and packages – all based on the latest up-to-date pricing.

    When you compare with us, you’ll be making a decision based on pricing that’s 100% accurate.

    Save more now

    Shop around for a cheaper electricity deal in minutes

    Our UK-based energy consultants have exclusive access to the commercial gas and electricity prices forecast.

    Save your business money

    Already got an initial renewal quote? Challenge us to beat it! We’re so confident we can, we’ll pay you £1,000 if we don’t*. *T&Cs apply

    We'll manage your switch, stress-free

    Your dedicated account manager will complete all the paperwork, and handle the switch and set up with your new supplier.

     

    Compare suppliers now

    We’re dedicated in helping businesses like yours save more on energy. Contact us today and a member of our team will help you find the best deals on your energy prices.

      Who we've helped switch and renew

      We’re dedicated to helping businesses like yours succeed. But we know seeing is believing. So, here are some real-life case studies to show how we’ve helped.

      Frequently asked questions

      Utility Bidder can help you change your business electricity contract early. Why is it a smart idea to do this? Well, business electricity prices uk is increasing all the time. So, it makes sense to lock into a long-term, fixed-term contract. If you can lock in low rates for longer, your business will have more protection against market fluctuations.

      And when your fixed contract runs out, trust Utility Bidder to secure new business electricity deals for you. We’re proud to have many long-standing customers, who trust us to put their needs first. Let our experts help you secure your next business utilities provider today.

      Your contract end date can be found on your bill, but if you’re struggling to find it then we can help. Our electricity brokers are experts at analysing bills, keeping you from paying inflated, out-of-contract.

      Thanks to our brokers, we can help you secure the best business energy rates for your business.

      smart meter automatically checks your electricity consumption every month. Subsequently, your electricity bills will be more accurate, which can help save on your electricity usage. A lot of suppliers can offer smart meters for free as part of your deal.

      Generally speaking, business electricity tariffs are cheaper than domestic prices. However, there are several considerations to consider before choosing your tariff:

      • What meter type is installed?
      • What is your average energy consumption?
      • Business prices are usually fixed. Is it a fixed-price contract?
      • Is your business a micro business?
      • Is your business electricity contract short-term or long-term?
      • Do you require gas and electricity?
      • How long is your commercial electrical supply going to be active?

      To find out more, give Utility Bidder a call and we can analyse your current contract and recent bills, finding out if your business is paying too much for its electricity.

      You can find our domestic energy prices here.

      The energy crisis has caused record-breaking wholesale prices and no cheap electricity for business customers. This has left many customers questioning whether to stick to the price cap or secure a fixed-price electricity tariff.

      Within this guide, we are going to provide advice on whether you should fix your business energy prices until 2025. The Energy Bill Relief Scheme now they have offered some support, but the market volatility of 2022 has continued into this year.

      All businesses with a non-domestic energy account including the voluntary sector and public sector organisations such as schools and hospitals will be eligible for the support through the Energy Bill Relief Scheme (EBRS), which will apply for six months from 1 October 2022 to 31 March 2023.

      Check out our Energy Bill Relief Scheme page to find out more.

      The Energy Bills Discount Scheme will be ending on the 31st March 2024. We have seen electricity prices slowly decline since the record highs we saw during 2022, although we don’t expect prices to return to pre-pandemic levels. If you were eligable for discounted rates as part of the EBDS, your business electricity rates will rise from the 1st April 2024. If your business is in it’s renewal window, get in touch with our energy experts to compare business electricity deals and secure a fixed tariff. Avoid expensive out of contract rates and secure your business energy rates now.

      Energy costs are a significant expense for businesses, regardless of their size or type. However, research indicates that around 80% of businesses are paying more than necessary for their commercial electricity rates. At Utility Bidder, we make it simple to save on electricity bills by comparing rates from leading suppliers like E.ON, British Gas, and others.

      Our experts analyse your bills and meter readings to identify potential savings, offering exclusive prices and tailored packages from over 27 suppliers. Whether you’re considering switching or negotiating a better deal with your current supplier, we’re here to help you find the most cost-effective solution for your business electricity needs.

      Half-hourly meters are special meters designed to send reading updates to your energy supplier every half an hour for more accurate data. Half-hourly meters are usually found in larger businesses and the process is automated allowing extremely accurate and up-to-date electricity bills without the requirement of manually taking a meter reading.

      Check out our half-hourly meter guide to find out more.

      It’s only natural to worry about the smooth running of your business. But switching to a more affordable electricity supplier doesn’t have to mean business disruption. A switch can be far simpler, quicker and smoother than you may expect.

      Our consultants do it all. You’ll get the advantage of their expert advice, as they scour the market to find the very best business gas and electricity prices for your business. Our recommendations are bespoke, unbiased and tailored to you. Compare small business gas and electricity prices with Utility Bidder.

      Ready to make the switch or have your electricity bills checked by an expert? The Utility Bidder team is on hand to help. Fill in our simple contact form or call us for free. Compare business electricity rates uk.

      Comparing business electricity rates from the Big Six is advisable, but they may not always offer the most competitive prices. It’s advisable to compare business electric prices from numerous suppliers to ensure you find the best deal for your business.

      The Big Six have been traditionally the largest suppliers in the UK. The current Big Six are:

      To switch your business electricity supplier, you must wait for the ‘switching window,’ typically one to six months before your contract ends. Once in this window, you can compare prices and secure a new tariff for when your current one expires.

      If you’re on a fixed-term contract, your supplier should inform you of options about three to four months before the end. You can also switch if you move premises, your contract ends without renewal, or if you’re out of contract. Ready to switch? Get in touch.

      The amount you pay for your business electricity depends on a variety of factors including your supplier, contract and whether you need to pay the Climate Change Levy (CCL).

      Large businesses tend to benefit from cheaper business electricity rates due to their business electricity consumption. Let our experts help find the best small business electricity rates today.

      Most businesses are charged a 20% VAT rate on gas and electricity, though some may receive discounts. However, a reduced 5% VAT rate might apply if your business uses at least 60% of its electricity domestically, consumes less than 33 kWh of electricity daily or 1,000 kWh monthly, or operates as a charity or non-profit organization.

      No disruptions should occur with your business electricity supply aside from the change in supplier name. Your business electricity supply will still be delivered through the same lines and equipment.

       

      When moving to a new premises, take meter readings for gas and electricity upon arrival to avoid costly oversights. Check if the existing premises are still connected to the grid to avoid unexpected fees for reconnection. Ensure the new building is connected to the main grid to avoid potential connection fees.

      For energy-intensive businesses with multiple meters or locations, you can either manage each meter separately online or consolidate them into a single multi-site electricity deal, simplifying rates and renewal dates. Compare multi-site energy rates with Utility Bidder.

      Compare and get your business electricity quote today

      It only takes a couple of minutes to potentially save hundreds on your bills.

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      Choose your business address

      Can’t see the address? Enter manually

      Are you comparing for a business or home?

      Business

      Home


      Go Back
      Select Utility
      Now please select a utility I want to get prices for...
      Gas
      Electric
      Gas & Electric
      Water
      Go Back
      Next
      Please enter your business gas information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

      Go Back
      Get Prices

      Let’s save time, can we automatically gather meter information?

      ? What does this mean?
      To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
      Go Back

      Do you know your electric meter number?

      Does your meter number end in any of the following?

      Go Back
      Enter meter number
      I don’t know
      Please enter your business electricity information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

      Start date for a new contract?
      Get Prices
      Please enter your water information
      How much do you spend & how often?

      An estimate is fine if you don't have a bill to hand

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      Get Prices

        Enter your details below to get quotes We’ve helped over 90,000 businesses