Compare business electricity prices and switch to a better deal
It all comes from the same source, and is supplied through the same network of cables, but business electricity isn’t the same as domestic electricity.
No matter how big your premises, or how much electricity it uses, your commercial energy contract will be set up differently to your domestic one, meaning you’ll pay a different rate for your business electricity and gas.
If you run a larger company, you might even be charged a half-hourly rate for electricity, or have multiple meters installed for more accurate energy readings. And, unlike domestic supply, business tariffs don’t come with dual fuel options.
But there is at least one thing both domestic and business energy have in common – if you’ve not switched supplier recently, your bills will be higher than they should be.
In which case, it’s time to bag your business a better deal.
How to switch business electricity supplier
Switching to a better electricity deal with MoneySuperMarket couldn’t be easier. A quick call with one of our energy experts is all it takes for us to find out a bit more about your business and its energy use. With his information to hand, we can then compare the tariffs on offer and handle the whole switch, so you don’t have to.
Call our business energy experts for free now on 0800 088 6986, or leave us a few details here, and we’ll give you a call back.
The more information you can give us, the more accurate our quotes will be, so take a look at your latest bill and make a note of the following:
- The name of your current electricity supplier
- The name of your tariff, and its end date
- Your supply type
- How much electricity your business uses
We will then search the entire market to find the best deals currently on offer, enabling you to make an informed decision on your next tariff. Once you let us know your preferred supplier, we’ll set up your new contract so you can start saving as soon as possible.
It’s worth noting that you won’t be able to agree on a new deal until your current one enters its ‘renewal window’ – for more information, check out How to switch business gas and electricity.
Why switch business electricity supplier?
Every business has different energy demands, and all commercial contracts are designed to meet the specific needs of each individual venture. But no matter the size of your company, if you’ve been placed on a higher rate tariff - perhaps because you’ve let an old deal lapse - you could find your electricity bills add a considerable amount to your overheads.
Switching to the cheapest business electricity tariff is a quick and easy way to cut costs, and one that won’t have any effect the day-to-day running of your business, or compromise the quality of your service.
Switching to a new deal also means you can choose whether you pay a fixed or flexible rate for your energy. Most business choose a fixed rate, as this protects against price hikes and makes it easier to budget from month to month.
Opt for a flexible tariff and you might benefit if wholesale electricity prices drop and your supplier passes on these savings – neither of which can be guaranteed. The major plus point with flexible tariffs is that some allow you to switch supplier with just 30 days’ notice, whereas if you’re on a fixed tariff, you may have to give up to six months’ notice.
What if you run your business from home?
If you work from home, you won’t be able to take on a business electricity tariff unless more than 50% of your energy use is for your business. This threshold can vary, between suppliers though, so it’s worth checking to see if your business is eligible, and could save with a commercial tariff.
If a business tariff doesn’t suit, then make sure you’re on the best domestic energy deal.
What happens when you switch business electricity?
Once you’ve agreed to make the switch, we’ll pass on your details to your new supplier, who will then arrange the changeover with your current supplier. The power will be supplied through the existing cables, so there’ll be no need for any more installation work at your workplace.
The only thing you’ll have to do is take a meter reading on the day the switch takes place, and make sure any outstanding bills have been paid – if you owe your current supplier money, they might block the switch until these debts are settled.
It’s also worth noting that a credit check will be carried out on your business, the results of which can affect the rates you’re offered and even the suppliers who will offer you a contract.
Why switch business electricity supplier with MoneySuperMarket?
Our energy experts make it easy for you to switch to the best business electricity deal by comparing all the available tariffs to find one that’s right for the needs and budget of your business. No matter how much electricity you use during working hours, we can help to lower your bills.
And because our switching service is completely free and impartial, it won’t cost you a penny to compare the entire energy market, including the big six and all small electricity suppliers, and find a deal that’s right for your business.
How much should you pay for business electricity?
If you’re unsure how much electricity a business the size of yours should be using, or how much its business electricity rates should be, the tables below will give you a good idea.
Average business electricity use
|Business size||Low end usage (kWh)||High end usage (kWh)|
Average business electricity rates per kWh
|Business size||Average annual usage (kWh)||Average price (per kWh)||Standing charge (daily)||Average annual price|
|Micro business||5,000 - 15,000||14.4p - 15.9p||23p - 29p||£900 - £2,244|
|Small business||15,000 - 25,000||14.3p - 15.1p||23p - 28p||£2,367 - £3,660|
|Medium business||25,000 - 50,000||14.3p - 14.7p||23p - 27p||£3,774 - £7,234|
How much money could switching save your business?
The amount you can save all depends upon the size of your company, the size of its premises, the number of employees, and its overall energy efficiency.
Call our energy experts now on 0800 088 6986 to run a commercial electricity comparison and find out exactly how much your business could save.