Business Energy Comparison

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    Why should you switch business energy suppliers?

     

    Utility Bidder TELCA 2022 Banner

    Switch your business energy suppliers and you could save up to 45% – worth hundreds of pounds. Here, at Utility Bidder, we compare business gas and electricity prices from across the market to help you ensure you’re on the best deal – and avoid costly rollover contracts and deemed rates. We’ll provide you with a quote that’s bespoke to the needs of your business in a matter of minutes.

    When you decide to switch business energy suppliers, we’ll make the process as smooth as possible. Our award-winning customer service team oversees the whole switching process from start to finish – including all the paperwork! No hassle or no disruption to your supply. So, you’re free to focus on what you do best – running your business!

    Find out how much you could save. Start your business energy comparison today!

    90K Businesses Helped
    45% Potential Saving
    £600m Energy Spend Managed

    How to compare business energy prices?

    You only need a couple of key pieces of information to compare business energy prices with Utility Bidder. You’ll need:

    • your business postcode
    • the name of your current energy supplier(s)
    • your current annual energy usage (you’ll find this on your most recent bill)

    When you’re ready, hit the ‘compare prices now’ button to start your business energy comparison. We’ll scour the market in minutes to bring you business energy quotes from the UK’s top gas and electricity suppliers – all based on the latest marketplace pricing, and the exact requirements of your organisation.

    light bulbs using business energy

    What should you consider when switching energy for business?

    There are a few things you should be aware of before deciding whether to switch or renew business energy suppliers.

    1.) Are you in the switching window? You can start shopping for a new deal six months before your contract is due to end.

    2.) Business energy suppliers don’t offer dual fuel deals. So, you don’t have to choose the same business energy provider for gas and electric.

    3.) The size (SMElarge businesscorporate, etc.) and sector of your company, the type of meter you have, your current energy provider and contract type, and your average energy consumption can all have a significant influence on your business energy quote

    Energy saving at work

    How to save on your business energy bills and start your business energy comparison?

    Business gas and electricity costs will always make up a considerable proportion of your outgoings – even if you’re committed to energy efficiency across your business. This is why it’s crucial to find savings wherever you can. As an award-winning energy broker, we can advise you on the best business gas and business electricity prices. Using immediate pricing access to all major UK business energy suppliers – and over 20,000 electric meters currently being managed – we can help you save money through business energy comparison, using hassle free processes that are catered towards your individual business needs.

    We utilise our premium status with our commercial energy suppliers, allowing us to compare bespoke, exclusive business energy plans – regardless of whether you are renewing or switching. To start comparing your business energy prices, contact us today and our team of experts will be happy to help.

    light bulbs using business energy

    What types of business energy tariffs and contracts are available?

    You’ll pay a fixed unit rate and standing charges across your contract. They’re typically the most common tariffs on the market, with contracts spanning from one to four years.

    Your unit rate will vary depending on the wholesale market price of gas and electricity. It means your bill could rise or fall on a monthly basis throughout the duration of your contract depending on market conditions.

    You may be offered an extended tariff by your current supplier when your existing deal ends. It allows you to renew, sometimes at a lower rate to reward your loyalty as a customer.

    You’ll usually end up on a deemed rate if you don’t take out a contract with a supplier. They’re some of the most expensive rates on the market, so should be avoided if possible.

    You’ll buy all of the energy your business needs in advance. Due to the upfront costs involved in bulk purchasing, this is normally only accessible to large companies. However, they provide access to wholesale market prices and give you a clear idea of precisely what you’ve paid for your energy.

    Your bill is split between a fixed wholesale unit price and other charges which can vary. These charges include National Grid and Transmission Network Use of System (TNUoS) fees. The charges effectively offset the cheaper wholesale rate you pay for your energy.

     

    Energy saving at work

    Is the cheapest business energy supplier the best choice for you?

    Not necessarily. You may find the best business energy plans in terms of price aren’t always the best fit for your business and its needs. We understand this. Instead, our specialist brokers can work to help you find a deal that aligns with the exact needs of your business – rather than simply secure the lowest price alone.

    Happy with your current business energy provider and renewal quote? That’s not a problem. We’re experts at negotiating renewals on behalf of businesses just like yours, working to ensure you get the best price. Get in touch with our energy consultants today to discuss the needs of your business on 0800 007 4001.

    Energy bills

    What is the Energy Bill Discount Scheme (EBDS) for businesses?

    If your business is eligible for the Energy Bill Discount Scheme (EBDS), the government will apply a discount on your gas and electricity unit prices. This per-unit discount will be applied to business energy bills during the 12 months from April 2023 to March 2024, subject to a maximum discount.

    The relative discount will be applied if wholesale prices are above a certain price threshold.

    For most non-domestic energy users in Great Britain and Northern Ireland, these maximum discounts have been set at:

    • Electricity – Discounts of up to £19.61 per megawatt-hour (MWh) when the wholesale prices are above £302 per MWh
    • Gas – Discounts of up to £6.97 per MWh when the wholesale prices are above £107 per MWh If wholesale prices stay below the threshold, the discount is not applied.

    Find out more on our Energy Bill Discount Scheme.

    Energy saving at work

    Which is the best business energy supplier for you?

    Every business is different. Whether you own a restaurant or a sports club – your requirements will differ from other businesses. That’s why it’s important to compare business energy suppliers from across the market to find the best deal for your specific needs.

    • Utility Bidder works with more than 27 of the UK’s best business energy suppliers. This list includes the household’s big six’ names, as well as smaller specialists dedicated to offering dual fuel tariffs for niche sector companies.
    • Where in the UK your business is located, your industry, the size of your organisation and how much energy it consumes per annum are all factors that determine which is the best business energy supplier for you.
    • There’s only one way to definitively find out, and that’s with a business energy comparison – get a quote and find a new energy supplier today
    Chris Shaw

    What our expert says...

    “Compared to the past three years, there are some attractive rates around at the moment. Possible further slight dips in price but with an expectation that prices will slowly start to rise again in the second half of 2024 and into 2025.”

    Read more about me

    What are the latest UK business energy prices?

    No two businesses are the same, so it’s impossible to give an exact figure – factors such as your location, sector and tariff, as well as consumption, will all have an impact.

    However, we’ve put together the chart below detailing how much gas and electricity businesses of a similar size to yours use annually, the average kWh unit price for gas and electricity and the average standing charges to give you a rough idea.

    Average electricity kWh Prices by business size

    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 April 2024.

    Average gas kWh Prices by business size

    Business size Annual usage Unit price (per kWh) Daily standing charge (pence) Annual cost
    Micro business 5,000 to 15,000 kWH 8.9p 33.9p £920 (based on annual usage of 10,000kWh)
    Small business 15,000 to 30,000 kWh 8.5p 36.6p £18,131 (based on annual usage of 22,500kWh)
    Medium business 30,000 to 65,000 kWh 8.3p 79.2p £38,328 (based on annual usage of 47,500kWh)
    Large business More than 65,000 kWh 8.4p 55.7p £52,200 (based on annual usage of 65,000kWh)

    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 April 2024.

    Cheapest Business Energy Rates By Supplier

    Check that your business energy suppliers are authorised correctly by the Ofgem confidence code and regulated by the financial conduct authority. This includes gas and electricity information for:

    • Domestic customers
    • Electricity – retail markets
    • Gas – retail markets
    • Licences, codes and standards

    Why choose Utility Bidder for business energy comparison?

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

    During the past decade, we’ve built close relationships with the biggest commercial energy suppliers, as well as smaller suppliers that specialise in supplying SMEs and 100% renewable energy.

    It puts Utility Bidder on a very exclusive list of partners, giving us access to some of the best business energy deals on the market. Our quotes are based on wholesale marketplace conditions.

    You can rest assured when you compare business energy with us, you’ll be making a decision based on accurate pricing.

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    Fill out the form, hit the compare button and we’ll compare business gas and electricity prices from across the market.

    Reduce your bills

    Received a renewal quote from your current supplier? We’re confident we can beat it. And we’ll pay you £1,000 if we don’t*. *T&Cs apply.

    Stress-free switching, managed by us

    You’ll have a dedicated account manager to handle your switch, from start to finish. They’ll handle all the paperwork too.

    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.

      Business energy comparison case studies

      We’re dedicated to helping businesses like yours succeed, but we know that seeing is believing. That’s why we’ve put our money where our mouth is with some real-life case studies.

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      Immediate pricing access to almost all UK suppliers

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      Business Gas

      Business Gas

      Immediate pricing access to all major UK gas suppliers. We can save you upto 45% on your business gas prices.

      Business Electricity

      Business Electricity

      We manage 20,000 electric meters for our commercial customers – So you’re in safe hands.

      Business Energy

      Business Energy

      We’ll find the best prices and provide you with a hassle free service for both your business gas and electricity….

      Business Water

      Business Water

      With our help. You’ll get a better quality service, lower water bills and better value for money.

      Frequently asked questions

      The energy crisis has caused wholesale prices to hit record-breaking levels over the past couple of years. It’s made finding a cheaper business energy deal more challenging for customers.

      If you can find a better deal, our advice is to lock into a fixed-rate contract, which could protect your organisation against marketplace volatility in 2024 and help you make huge savings in the process.

      We’ve put together a full guide to help you make the most informed decision – check out ‘Should I Fix My Energy Prices Until 2025’ to learn more.

      Yes, the Energy Bill Discount Scheme (EBDS) scales back the support offered by the government as part of the Energy Bill Relief Scheme (EBRS). However, there is support.

      The EBDS provides most non-domestic energy users in Great Britain and Northern Ireland maximum discounts of up to:

      • Electricity – £19.61 per megawatt-hour (MWh) when wholesale prices are above £302 per MWh
      • Gas – £6.97 per MWh when the wholesale prices are above £107 per MWh

      If the wholesale prices stay below the threshold, the discount won’t be applied.

      The EBDS is set to run for 12 months, starting on 1 April 2023 and ending on 31 March 2024. Find out more about the scheme and eligibility criteria over on our ‘Energy Bill Discount Scheme’ page.

      The Climate Change Levy (CCL) is an environmental tax levied on non-domestic customers in the UK. Its purpose is to encourage businesses to become more energy efficient and reduce carbon emissions.

      Charities are amongst the organisations exempt from paying the CCL. Businesses that fall below the minimum consumption rate (145 kWh of gas and 33 kWh of electricity per day) are also exempt.

      Businesses that operate combined heat and power stations will also need to pay the Carbon Price Support rate – in addition to the main rate.

      You can learn more about the CCL and how it works in our guide, ‘The Climate Change Levy Explained.’ The current Climate Change Levy (CCL) Rates are:

      Taxable commodity Electricity (£ per kilowatt hour (kWh) Gas (£ per kWh)
      Rate from 1 April 2022 0.00775 0.00568
      Rate from 1 April 2023 0.00775 0.00672
      Rate from 1 April 2024 0.00775 0.00775

      Source – GOV UK

      It’s really quite easy once you’ve got your quotes from Utility Bidder! We’ve detailed the process in our guide, ‘How to Switch Business Energy Supplier’, which you can read to learn more.

      With the introduction of the Ofgem Faster Switching programme, the process of switching has been cut to just five working days. We’ve updated our own internal processes to reflect these new switching arrangements.

      Want to learn more about Ofgem Faster Switching? Head over to our guide, ‘What is Faster Switching?’ or check out the Ofgem Switching Programme page.

      Yes, you can, but you’ll most likely have to pay a hefty exit fee for an early termination. However, if you’re looking to terminate because your business is moving away from its current property, you’ll be able to terminate without having to pay an exit fee – this is known as the ‘change of tenancy’ rule.

      It’s also worth remembering that business energy contracts don’t typically offer the cooling-off periods offered with domestic energy deals. You can learn more about cooling off periods in our guide, ‘Cooling Off Periods for Business Energy Contracts.’

      You’ll often hear the term ‘big six’ used to describe the UK’s largest energy companies. The past couple of years have seen big changes following mergers and acquisitions between various organisations. However, the ‘big six’ is currently:

      The offers a free and impartial independent dispute resolution service. It was founded to help resolve complaints between consumers and energy suppliers.

      If you’re unhappy with your supplier’s response to a complaint, or the problem hasn’t been resolved within eight weeks, you can make a complaint to the Ombudsman.

      They can make suppliers fix problems, apologise, explain what has happened or pay compensation. Suppliers are obliged to carry out any actions listed in the Energy Ombudsman’s decision.

      You can learn more about raising complaints about your supplier in our ‘How to Make a Complaint About Your Energy Supplier’ guide.

      A letter of authority (LOA) is a legal document that authorises a third party, or ‘agent’ to correspond directly with energy suppliers on behalf of you or your business.

      The letter will list the specific tasks and responsibilities you’ve authorised the third party to deal with. It should always include a signature, the date the document was signed, and a specifically outlined period of time that denotes how long authority has been granted to the third party.

      Want to find out more about letters of authority? Read our guide, ‘What is a Letter of Authority (LOA)?

      You’ll find your contract end date on your most recent business gas or electricity bill. If you can’t find a bill, we can help. Simply contact us and we’ll run over a letter of authority (LOA) with you – this will give our energy consultants the access we need to locate your supply details.

      Backdated energy bills can be extremely common for consumers who pay based on estimated usage rather than actual meter readings. If you haven’t received an accurate bill for more than a year, you may not have to pay for all of the energy you’ve consumed under ‘back billing’ rules.

      Find out more about back billing in our guide, ‘How Long Can an Energy Company Backdate a Bill?

      If your business requires many energy meters for gas and electricity or your business operates over multiple business locations, you will likely have various business energy contracts, all of which will be managed by different business energy suppliers.

      This can take up a lot of time to manage which is where multi-meter and multi-site energy management comes in handy. Find out more in ‘Our Guide to Multi-Site Energy Meters’.

      We help corporate organisations, large businesses and SMEs to find better prices on their gas and electricity bills. We’ve helped many clients, ranging from pubs and restaurants to care homes and businesses in the manufacturing sector.

      Our energy consultants have experience across all sectors and can advise you on today’s market commercial conditions. Energy suppliers have different tariffs suited to different sized organisations. We can help you find the one that fits your company and its needs best.

      From April 2017, all businesses using electricity meter profile classes 05 – 08 were upgraded to half-hourly meters.

      It changes the way electricity usage is billed and bought in additional charges. For more information on this, see our ‘What is P272?’ page.

      The aim of the ‘Microbusiness Strategic Review’ is to provide better, fairer energy agreements for microbusinesses in the UK. Based on consumer feedback and research, Ofgem has introduced guidelines and restrictions for third-party intermediaries (TPIs)/brokers and energy suppliers to support microbusinesses when procuring energy.

      Initiated in mid-2022, there are several elements of the overall scheme that are now active, which will contribute to the wider aim of providing a better experience to microbusinesses within the energy industry.

      Find out more about the Microbusiness Strategic Review.

      Switching your business gas or electricity supplier is a straightforward process that won’t disrupt your energy supply. When you switch gas and electricity suppliers, you are simply switching who manages your energy supply. The infrastructure, including cables and pipes, remains unchanged throughout the switch.

      Business energy contracts are stricter and have higher exit fees compared to domestic contracts. This is because business suppliers buy the exact amount of energy needed for each contract, and canceling early without payment would lead to losses due to higher energy consumption. Switching domestic energy is easier since consumption is lower, and contracts often roll over after fixed-rate deals end.

      Entering a business energy contract typically means you can’t end it early, except when relocating premises. However, it’s essential to weigh your options and consider switching to a cheaper supplier before making a decision. You can transfer your contract to the new premises and compare energy prices to potentially save money. Remember to account for increased usage if moving to a larger space.

      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.

      Thinking about making your business smarter? Your energy provider may have already offered you a smart meter. Wondering why energy companies are promoting them and what they do? Check out our guide on smart meters for businesses to find out more.

      Get your commercial energy quote today

      It only takes a couple of minutes to compare, and you could save hundreds on your bills

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      How much do you spend & how often?

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

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      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.
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