Compare Business Energy Prices
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Searching for the best energy price
Navigating the business energy market is a complex process. Here at Utility Bidder, we understand that for most businesses, the easiest option can be to allow your existing energy provider’s contract simply to roll over. Searching the market to find the most competitive deal for your businesses energy isn't as simple as finding domestic rates online.
As an award winning energy broker, Utility Bidder will find and advise you on the best gas and electricity contract for your business. We have access to premier pricing allowing us to compare bespoke, exclusive deals.
All businesses, regardless of size can benefit from using an energy broker.
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Business Gas & Electricity
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What impacts how much you pay for business energy?
In order to make sure you get the best possible deal for business energy, you need to be aware of the different factors that influence the quote you will be provided with. Not only can this help you to get a good understanding of your bill, but it will also empower you to make changes that can reduce your overall energy expenditure. So, let’s take a look at what influences your business energy quote in further detail…
The type of business you own will have an influence on your consumption pattern. After all, not all companies work the standard hours of 9 am until 5 pm, Monday to Friday. If your business requires a lot of energy on the weekend, it is likely you will be on a different rate. Weekend rates are usually lower because there is less demand on the network, therefore potentially increasing the business energy prices p/kwh.
You can usually save money by signing up for a smart meter. A smart meter carries out meter readings automatically for you so that you do not have to. When compared with a standard meter, a smart meter can save you money because it ensures your energy provider receives accurate figures so you never pay too much. Standard meters often use estimates, which can result in people paying for energy they haven't used.
Of course, your energy provider makes a big difference. Naturally, some providers are cheaper than others!
The length of your contract will impact your business energy rates per kwh and daily energy pkwh charges. On average, for every year you extend your contract, between two and six per cent is taken from your standing charge. However, roughly six per cent is added to the unit cost per annum. You also need to consider the fact that some suppliers may offer you a cheaper rate in order to lock you into a longer contract.
Prices also vary depending on your geographical location. Scotland has some of the most expensive energy costs, while the Midlands has some of the lowest.
Finally, your average energy consumption plays a huge role. Typically, the more energy you use, the lower your price is per unit. Suppliers will use data from your previous energy supplier to determine this.
Frequently Asked Business Energy Questions
Did you know that the energy we use at home only accounts for a quarter of the total energy used in the UK? The remaining three-quarters is attributable to business energy and transport energy. Let's have a look at which sectors use the most energy, and which utilities sources they use:
How is energy measured?
To be able to compare business energy sectors effectively, we will use the 'KTOE' unit, which means 'kilotonne of oil equivalent'. All information comes from the Office of National Statistics in a report published in July 2018.
- Private offices – 3,539 ktoe
- Chemical manufacturing – 2,874 ktoe
- Hospitality – 2,458 ktoe
- Food products manufacturing – 2,242 ktoe
- Hospitals – 2,237 ktoe
- Non-metallic mineral manufacturing 1,924 ktoe
- Basic metals manufacturing – 1,489 ktoe
- Rubber and plastic manufacturing – 1,442 ktoe
- Small shops – 1,376 ktoe
- Paper products manufacturing – 1,297 ktoe
The results show that an abundance of small machines appears to be less energy efficient than the use of large, industrial machines. Private offices containing computers, photocopiers, network hubs, projectors and phones burn the most energy, whilst the manufacture of paper to stock these offices creates the least. The intensive heat required for chemical processing places it high in the list, whereas simpler industrial processes such as rubber weigh in at substantially lower energy rates. Even small business energy prices have a large influence on the UK's consumption.
Comparing business energy prices is time consuming. If you don’t have the correct contacts and knowledge, then arranging the best deal for your business is difficult. Searching online can lead to gathering generic offers that do not generate the most up to date prices. If your energy tariff is not tailored to your business, this can lead to later complications. We can resolve business energy solutions by speaking to our account managers, ensuring that you secure the best commercial energy deal.
Most of our customers tell us that time is a precious commodity and running their business provides challenges. Researching, negotiating and agreeing the best energy contracts with suppliers takes a lot of time and considerable effort. At Utility Bidder, the breadth and depth of our research means we can analyse the energy market for competitive prices. Our “Premier” status and strong relationships provides us with access to bespoke energy offers and savings that might not be available otherwise.
Allow for more of your time to be spent concentrating on your business.
There are many third-party intermediaries in the market at the moment serving customers to gain the most competitive energy contracts. It can be hard to navigate through all the business energy brokers or consultant alternatives, however, at Utility Bidder we believe that our customers know best and their opinion of what we do is the most important. Trustpilot is an independent review platform where customers can share their experience and our current, incredible score of 9.8, puts us at the top percentile of satisfied customers within our market. Our Premier status demonstrates that our suppliers endorse our approach.
Business energy prices are continuously changing and generally with an upwards curve. When comparing to 2016, energy prices have risen around 15% across the board. Utilising a energy broker that has access to the best, live prices, will help you save money for your business. Finding the most competitive business energy deal can result in some companies signing contracts with suppliers that can cause them issues in future. Subsequently, the cheap offer no longer is cheap! Accessing a brokers knowledge of the sector will help ensure that your business energy savings are tied in safely.
If your out of contract then you may wish to switch commercial energy quickly. If your with a good supplier for your area, price depending, we may suggest that you renew with your current provider. However, there’s many different questions that could effect the decision on your next supplier. If switching energy supplier is necessary then we will manage the whole process for you so you can concentrate on running your business.
A great way for a business to save money is to consider switching to a different commercial utilities supplier. But you will not enjoy the savings you really want to if your business energy usage is still suffering from the effects of these all too common mistakes.
Insulation is one of the best things you can do to lower your energy costs, and it's also something that businesses often ignore. Think about your business premises - when was the last time it was properly insulated? Is it definitely insulated at all? Do you even know? If you don't, that's a problem.
It may seem like a bit of an investment and a disruption to your daily business operations, but you will quickly make returns on your investment multiple times over in the form of lower heating bills. Heating a badly insulated building is basically throwing money away.
Not turning off equipment
Businesses waste untold amounts of electricity by not properly turning off their lights, computers, machinery, and other office equipment when not in use. You may think leaving your office workstations on standby overnight isn't a problem, but the reality is that it does cost you considerably.
Think hard about the normal practices in your lights left on in rooms that employees hardly ever use? Are Machines left on all day when they're used at most once or twice? It might seem like small fry, but the cumulative savings will always add up quickly.
Not using natural light
Just as green energy uses natural resources to develop energy, so too can you make the most of a natural resource to provide your lighting. This is especially useful if you're considering searching for new businesses premises, or you're in the process of designing or constructing one yourself.
There is also another benefit, in that natural light has been proven to lift the mood of employees. Sterile light from unnatural resources brings employee morale down, while making sure more natural light is available saves on light bulbs and electricity while encouraging happier staff who are able to work more efficiently. Chat to Utility Bidder today to see how we can help get the best offer for your commercial energy suppy.
Energy costs are always changing and it can be hard to keep up. Many businesses will switch energy suppliers looking for a cheaper deal but that’s not the only factor that needs to be taken into account. Where your energy is coming from and how much you are using are coming under increasing scrutiny when switching business Energy suppliers.
With the ever-increasing evidence of climate change, pressure is being continuously applied to companies to ensure that they are being more environmentally friendly. That means that companies will have to adapt to the demands for fear of being left behind.
There have been a number of large changes that have affected businesses over the years and it appears the lack of fossil fuels will be another. As with the likes of the internet and smartphones, companies will have to embrace the changes.
Switching energy for businesses
Business energy can be huge expenses for any company. Switching suppliers can cut down on those costs but you can also look for a company that will be able to give you your needs in a more efficient way.
This will mean that you will have more than one reason to compare energy suppliers while also being at the forefront of being an energy-conscious business. It’s important for a company not to get complacent with their energy costs and looking for cheaper solutions can end up saving you a lot of money and also help to save the planet in the process.
Saving money expert on energy
When you combine using an efficient supply of energy with energy saving measures then you will be able to make further money savings. A huge focus is now on the energy consumption of companies and this is only going to increase in time. This could start to affect the profitability of a business as more people want to use energy-efficient companies.
Switching energy supplier can be great for a wide variety of different reasons. If you’re thinking of making the change then contact Utility Bidder today and we will help you to find the best deal.
If you've got multiple sites, we've got a specialise muti site energy team that can help assiste you when aquiring your new contracts.
If you're moving to new business premises or planning to change energy supplier, setting up a new commercial power contract can help cash flow immensely and ensure business finances are maximised to the full.
The team at Utility Bidder offer the following advice for any organisation to consider prior to entering into a business energy contract.
Business energy contract tips:
These useful tips will help you to achieve a better understanding of business energy contracts and any applicable rules:
1. Half-hourly readings
If your business is rated as profile class 5 to 8, you will need to move to an advanced meter supplying half-hourly readings. This does not mean your bills are likely to increase, in fact, it should help you spread usage throughout the day and ensure savings are made. Different suppliers offer varying rates, so switching energy suppliers or changing tariffs can be very cost effective for any business. You can find out more about half-hourly readings and advanced meters on the UK government's Ofgem website.
2. Microbusiness energy contracts
Small micro businesses are offered different business contracts to those given to larger organisations. It is a legal obligation for suppliers to provide micro businesses with a 30-day termination window for business energy contracts. Also, suppliers need to advise micro business clients about energy use and give them an energy price comparison as contracts near their end. Find out more about micro business energy contracts at Ofgem
What about deemed contracts?
Deemed contracts exist when businesses move into new premises and adopt the energy suppliers and contractual arrangements already in place. Deemed contracts are estimated to cost 80% more than negotiated contracts, and at least 10% of micro businesses use them. This means it's vital to look around for the best energy deals on the market and switch to a contractual arrangement at the earliest opportunity
Utility Bidder can help organisations of any size source the best energy contracts on the market. We are the experts at sourcing the gas and electricity contracts most suited to any business needs. Get in touch to find out more.
We work with both large businesses and small businesses, subsequently, we have regular clients that range from pubs and takeaways to care homes and factories / manufacturing. Our energy consultants have experience across all sectors and can advise you on today’s market conditions, suitable for your commercial premises.
Energy suppliers have different tariffs that are suited to different sized companies. It's imperative that you select the right tariff that's suited best for you.
What type of energy do businesses use?
The UK has three primary fuels and they are used as follows:
1. Solid fuels, bioenergy and petrol - 50%
2. Natural gas - 32%
3. Electricity - 18%
The amount and form of utilities energy that UK businesses consume has undergone dramatic changes since the 1970s. Although solid fuel remains the leading source of energy for both commercial use (as shown above) and also domestic use, natural gas usage is set to undergo a dramatic change as the UK strives to make reductions in its carbon emissions. In fact, natural gas usage has actually increased 3.2% in the last 12 months, representing the beginnings of this change.
However, as the UK population rises, so will the demand for energy, so although proportions can change, we can still expect an increase in energy usage overall. Not least as a reliable energy source is the foundation of British business and industry. So if your business is in need of a new energy contract, why not compare quotes on Utility Bidder to get the best deal.
If your energy: gas or electricity is out of contract, then your business energy could be on a variable rate. Subsequently, you will be paying a variable / higher rate for your gas and electricity.
Renewing or switching suppliers could ensure that you make the best available savings on your energy bills.
We understand that moving premises is stressful and time consuming. Switching your power supplier is probably not at the top of your priority list.
This is a great opportunity for you to find the best deal. This is where Utility Bidder come in - we can handle the whole process for you, allowing you to move premises without worrying about your businesses energy supply.
If your happy with your current supplier and would prefer to stay with them, we can help you with that too - we will speak with our account manager and negotiate the best deal for you.
Your contract end date will be located on your most recent gas or electricity bill. If you cannot find a bill then contact us and one of our energy consultants will run over a LOA (letter of authority) with you. This gives us access to find out the details of your supplier.
It's important that you don't allow your business to run out of contract because you will be moved on to a variable rate.
We experience many customers from a variety of businesses, that find themselves paying high variable rates. Utility Bidder consultants can speak with your supplier.
All businesses that use electricity meter profile classes 05 – 08 will be upgraded to a half-hourly meter. This will change the way you are billed for electricity usage and bring in some additional charges. Chat to our team for more information on this, or view our FAQ's regarding business electricity here. See more about P272 here.
The best business energy supplier will take your company on as an individual case. Whether its gas or electricity, or both, the best energy broker will find your company bespoke energy deals to suit. Utility rates are always changing and suppliers change their requirements. Having a good power broker on board will ensure you save your business time and money when searching for business energy suppliers uk.
Looking for a manual on energy business comparison? A buyers guide to gas or electricity? or a beginners guide to energy for busines? Speak with our expert team today here.
When you receive your renewal letter, this will include your current or potential business gas and electricity unit rate and standing charge. This business gas and electricity tariffs can effect your decision, if you want to switch business energy.
Below we've included a list of energy suppliers and their potential deemed rates / out of contract rates.
£ pKWH Electricity
Standing Charge pence / day
£ pKWH Gas
Standing Charge pence / day
*prices are believed to be accurate as of 09/04/19. We aim provide he most accurate information and aren't responsibility for any inaccurate pricing on this page.