Compare Business Electricity Rates 

Why Switch Business Electricity Suppliers With Us? 

We have a strong panel of trusted UK suppliers that we have some exclusive deals with. We’ve helped thousands of businesses save money on their electricity bills, and many of our customers complete their switch completely online. 

Our innovative self-service platform allows busy businesses to switch at a time that suits them. Of course, we’re always at the other end of the phone during business hours should you need any further assistance. 

Is Switching Business Electricity Supplier Worth It? 

If you’re looking to trim down your overheads and save money, switching business electricity suppliers is one of the easiest ways to achieve this. 

It takes just 60 seconds to view prices from a boatload of electricity suppliers, and then just a few more clicks once you have made your decision. A few minutes out of your day (or night), can cave you £100s. With business electricity prices stabilising in 2023, now is a great time to lock in your deal. 

Business Electricity Prices by Supplier 

As prices vary from business to business, there is very rarely one cheapest supplier. The best supplier for your business will depend on how and when you use your energy.

Below you can find insight into the average business electricity prices per kWh for a small business. 

The prices shown represent a business using 25,000 kWh of electricity per year. Rates are correct as of March 2023. Tariffs vary by region and could change at any time.

What Business Electricity Tariffs are Available?

Understanding the best tariff for your business can save you even more money than a straightforward switch. You may be tempted to opt for a tariff that you have had for many years and you may be unknowingly missing out on some savings. 

The first step to this assessment is understanding how your business uses electricity. For example, you may prefer a little more flexibility in contracts with a variable tariff but this means you could be missing out on cheaper unit rates and stability with a fixed tariff. 

Here’s a breakdown of some of the tariffs available: 

Fixed Rate Electricity Tariff

A fixed-rate electricity tariff offers a set unit price for each kWh of electricity you use. This rate will remain the same throughout your contract.

Many businesses prefer fixed-rate tariffs as they offer certainty and avoid any sudden increases in costs. It’s worth bearing in mind that your monthly bill will still vary depending on the amount of energy you use. You may also miss out on any potential savings should wholesale prices drop.

Variable Rate Electricity Tariff

A variable rate tariff gives your business more flexibility than a fixed rate deal. Your unit rate will change throughout your contract depending on the cost of wholesale prices.

Businesses comfortable with changing unit rates may switch to a variable rate deal to take advantage of any reductions in the price of electricity during their contract. However, when prices increase, you will not be protected against this on a fixed rate tariff.

No Standing Charge Tariff

Most business electricity tariffs will feature a daily charge which remains the same no matter how much energy you have used that day. A no-standing charge tariff removes this charge from your contract.

These tariffs can benefit businesses that operate seasonally or only open a few days a week. When you don’t use any energy, you won’t have any charges to pay. It’s worth bearing in mind that your unit price may be more expensive on a no-standing charge tariff. As a result, businesses with high energy consumption could lose out by switching to a no-standing charge tariff.

Economy 7 Electricity Tariff (Multi-Rate) 

An Economy 7 tariff offers different unit costs for different times of the day. This will usually be a peak rate during the day and a lower off-peak rate in the evening and at night.

If your business uses most of its energy in the evening or at night, you could save money by switching to a multi-rate tariff.

Green Business Electricity Tariff

Sustainability is becoming increasingly important for many businesses. A green business electricity tariff is a great way to meet your environmentally friendly aims.

Most renewable energy suppliers will match the electricity you use by purchasing energy from renewable sources. There is a misconception that green energy tariffs are more expensive. However, renewable tariffs are not much more competitively priced.