Compare Business Energy Prices
Compare business energy prices online within 30 seconds. You can also switch suppliers entirely online.
With a wide variety of trusted business gas and business electricity to choose from, it has never been easier to secure a great energy deal.
Business Energy Prices From Trusted Suppliers
Grab Cheaper Business Energy Prices
Companies of all sizes have been getting great deals on their business energy with us since 2009. We've come a long way since then, with our comparison and switching service now entirely online.
- Start with your business address and some basic contact details
- We’ll feed it through our best-in-class comparison engine
- View live business energy prices from a range of suppliers
If you want to switch, you can tap into exclusive deals that mean serious savings – customers using our service save on average £1,401 annually.
To make the best choice, we’ll help you balance low cost with factors like customer service and easy billing. Then handle the switch for you – while you decide where to reinvest your savings.
Switching to a new business energy supplier can give you confidence about protecting rates against potential future price fluctuations, greater contractual control and a more positive customer service relationship.
Business Energy Prices Per kWh
Annual Usage |
Electricity Unit Price/kWh |
Annual Bill (Electric) |
Gas Unit Price/kWh |
Annual Bill (Gas) |
---|---|---|---|---|
Very Small / Micro |
24.6p |
£837.85 |
8.7p |
£353.23 |
Small |
24.3p |
£2,686.99 |
7.6p |
£931.16 |
Medium |
24.4p |
£5,153.30 |
7.5p |
£1,670.20 |
Large |
25.1p |
£9,804.45 |
7.4p |
£3,009.43 |
Extra Large / Corporate |
24.3p |
£18,682.53 |
6.5p |
£5,480.04 |
Benefits of Comparing Business Energy Prices and Switching
With several energy tariff types available to businesses, regularly comparing the business energy market for a new deal is the best way to ensure you’re signed to the right deal for you, and not overpaying for your business energy.
If you have moved into a new premises, or are about to, then you could find you are on a deemed tariff. You need to compare business energy deals and switch to a better contract.
If you’ve been with the same business energy supplier for a number of years now, then they may have moved you to a variable tariff. Again, you may be overpaying and a comparison of business energy contracts is the easiest remedy to this.
As time passes, your business may evolve and grow. So will your energy consumption. Since some suppliers prefer to cater to certain business types over others (eg. some business energy suppliers specialise in small business energy, while others specialise in large commercial energy), then a switch is essential to ensuring you are with the right supplier for your needs.
Lastly, if you find you are unhappy with the level of customer service of your current energy provider, then it’s time to switch to a better energy supplier.
More about tariff types below:
What Charges Are Included in a Business Energy Bill?
The final cost of your energy bill includes various charges. These charges are split into two kinds: commodity costs, which relate to your energy usage; and non-commodity costs, which relate to third-party charges.
Commodity
Wholesale costs - Learn about this here.
Non-commodity (i.e system and network costs)
- Climate Change Levy (CCL) - Learn about this here
- Renewables Obligation (RO) - Learn about this here
- Feed-In Tariff (FiT) / Smart Export Guarantee - Learn about this here.
- Contracts for Difference (CfD) - Learn about this here.
- VAT
- Electricity Market Reform (EMR)
- Capacity Market (CM)
What Affects Business Energy Prices?
Business energy prices are governed by supply and demand, just like most products. That being said, there's a range of factors that dictate whether energy prices rise, like they rapidly did in 2022, or fall as they have been slowly doing in 2023 and 2024.
Supply and demand: seasons affect the cost of energy. In winter businesses will use more energy for heating.
Time of day - night time rates are lower, if you have a multi-rate deal
Currency movement - much of the UK’s energy is purchased from other countries, such as France, so the exchange rate of the pound Sterling against the Euro can make buying electricity more expensive, or cheaper.
Supply constraints at power plants - maintenance and outages at power plants reduce the supply of electricity, so if there is a larger amount of maintenance work needing to be done this will put upward pressure on bills.
Global Events - extreme weather events in energy-producing areas of the world affect the global supply of fuels used in electricity production or the availability of natural gas. Wars do the same.
Weather patterns - long periods of adverse local weather can negatively affect the supply of energy and over an extended period, this will mean costs incurred on the consumer, as infrastructure that has been damaged by weather must be repaired.
Infrastructure operating costs - power lines and other infrastructure of the energy grid require ongoing maintenance, and this will be priced into the cost of electricity. If more old infrastructure needs to be replaced with new, then this will have an upwards effect on energy prices.
Regulation changes - every now and again the regulations that energy companies must meet changes. With these changes comes a cost of aligning with new/updated regulations, which will get passed on to customers.
Why Switch Business Energy With Power Compare?
You will want to switch business energy if you want to save money. We offer great advice, and exclusive business energy prices and we can even assist with other essential business utilities from water, phone & broadband on top of your gas and electricity.
We want to unlock your money-saving potential with as little effort from you as possible. Got 30 seconds to spare to save your business £1,000's?
Power Compare is teamed up with business utilities comparison leader Love Energy Savings to provide some of the best business energy quotes in the industry.
How to Compare Business Energy Prices
Business Energy Rates Per kWh By Supplier
Suppliers |
Electricity Unit Rates (p) |
Gas Unit Rates (p) |
---|---|---|
24.4p |
6.6p |
|
25.5p |
7.3p |
|
British Gas Lite |
28.1p |
7.3p |
24.6p |
7.5p |
|
21.9p |
7.1p |
|
23p |
N/A |
|
28.7p |
7.8p |
Business energy prices displayed in the table are calculated averages of all contract terms (1, 2 and 3-year fixed-rate) and are based on an assumed annual consumption of 25,000 kWh per fuel. The cheapest unit rates for each fuel have been highlighted. Updates March 2024.
Large Business Energy Users
Large consumption users of commercial energy can often have specific requirements. With greater buying power, comes a slightly more complicated process when energy management software, meter installations and other requirements become a factor.
At Power Compare, our experts will listen to your complex needs, and then help you find the right supplier and a great deal for your next contract.
If you require a half-hourly meter or multi-site metering, we can help your business find a tariff that fits the exact requirements of your business.
Small Business Energy - Simplified
We know that small and start-up business owners want to avoid large overhead costs as much as possible.
Selecting the right energy tariff as a small business can help you manage your costs.
With our comparison engine, you can view business energy tariffs from our panel of trusted suppliers. You will be able to view live business energy prices in just 30 seconds. Once you’ve chosen a tariff, check out entirely online.
What Do You Need For An Accurate Business Energy Quote?
- Get your basic business information ready – like address, postcode, and info on your energy usage. You’ll find all this info on your most recent bill – no need to faff around.
- Find your meter registration numbers – your Meter Point Reference Number (MPRN) and Meter Point Administration Number (MPAN) should be on your latest energy bill. But no hassle if not – our intelligent comparison engine can often find them for you.
- Terminate your contracts – you have to switch gas and electricity separately, so deal with all of your business energy comparison at the same time. This lets you lock in unit prices for the same time periods and stops providers from charging you sky-high out-of-contract rates. We'll be able to do this for you with your signed permission.
Remember, rates change daily and you could be paying more or less for your commercial energy contract for several reasons. Like the size of your operation, the tariff you’re on, the supplier you use and the way they work out pricing models according to changes in wholesale market prices.
There’s a lot we can’t predict. But being willing to switch is a powerful first step to taking control.
Green Business Energy Prices
Starting the journey towards a more sustainable business is something we should all be thinking about. Many start with selecting a business energy tariff that is 100% renewable.
Our trusted panel of business energy suppliers have a variety of renewable tariffs, some as standard and some as specific tariffs. Whatever your renewable goals are, we’re here to support your journey.
Business Energy FAQs
-
Do I qualify for any discounts?
If you agree to pay your supplier by direct debit, they might offer a small discount (2%-6%). Regular businesses pay 20% unless you’re a charity – in which case you get a 5% reduction on VAT on your business energy bill.
-
Does the energy price cap apply to businesses?
No. The energy price cap limits the amount energy suppliers can charge domestic customers per unit. It doesn’t apply to business customers.
If your business energy prices are too high, your best course of action is to compare quotes and switch to a cheaper energy supplier.
-
What is the climate change levy (CCL)?
The CCL is an environmental tax that encourages energy efficiency. You can join the Climate Change Agreement Scheme to pay reduced rates.
-
Is my business energy supply affected when I switch suppliers?
No. You’re not changing any of your pipes and cables, only who manages your supply.
-
What if I have several business premises?
A multi-site meter can save you time and money by combining all your business energy onto one bill.
-
What’s the difference between domestic and business energy?
Business energy consumption is usually much higher than domestic, contracts more stringent and exit fees higher.
-
Can I get a dual fuel option with business energy tariffs?
No. Dual fuel tariffs are only for domestic customers. Even if you have the same supplier for gas and electricity, you have to switch them both separately.
-
What is a Letter of Authority (LOA)?
A letter of authority (LOA) is a letter that authorises a TPI or energy broker, such as Power Compare, to contact other businesses on your behalf, within specific limits.
In the case of switching energy providers, that means a LOA allows us to contact your energy supplier to close your account, and contact your desired energy supplier to open an account and make the switch.