The energy price cap does not affect business tariffs. The current guidance to stay with your existing energy supplier if you're a domestic energy customer does not apply to business customers.
If you're a business customer and your agreement is coming to an end or has already ended, you could secure yourself a new deal by comparing your options. Out of contract, rates are generally more expensive than those you'll be offered when signing a fixed rate contract. Get a quote to see how much you could save.
Why compare business electricity rates?
Whether you own a chain of restaurants with a load of electric ovens, or a hair salon with a few electric hair dryers, you’ll know that getting a good price for your business electricity can really make a difference to your operating costs.
Business electricity works in much the same way as your electricity at home. You pick a supplier from the available tariffs to supply your business with electricity. The main difference is that business electricity is contract-based, so you're 'locked-in' to a supplier for a set amount of time - usually between one and five years.
Even if you're used to switching energy suppliers at home, you might still find the business electricity switching process a little confusing.
We work with our business electricity partner Bionic, to offer you our best electricity deals for your business. Together we're here to outline everything you need to know about comparing and switching business electricity deals, and to guide you through the process.
How does switching business electricity rates work?
Tell us about your business
Fill in the online form or call directly to discuss your business electricity needs.
Pick the best energy deal
See a range of business electricity prices and pick the deal that's best for you.
We manage the switch for you
The switch takes around six weeks and won't get in the way of your current electricity usage.
Save money by switching
Boost your bottom line with savings on your monthly business electricity bill.
There are two main reasons to consider switching your business electricity supplier.
Firstly, price. It’s easy to pay over the odds for business energy. Even if you run a relatively small operation, paying a higher rate can add considerably to your overheads. Switching to a better deal is a quick and easy way to make savings on your energy bills. It could also help to keep things running by keeping your costs under control.
Secondly, you might want to switch to a supplier who offers better customer support if you have complicated energy needs. For example, you might need a detailed type of fixed or flexible tariff that suits your specific business better. Or you might just have had a bad experience with your current business electricity supplier.
Give our business partners at Bionic a call on 0800 158 5296 or request a quote to discuss exactly what you need from your next energy contract.
Each individual business has different energy needs, and every commercial electricity contract is designed to meet these unique demands. So it’s hard to say exactly how much your business could save.
How much you pay, and how much you can save by switching, all depends on the size of your company, the size of its premises, the number of employees, and its overall energy efficiency.
Why not get a business electricity quote now to find out exactly how much you could save?
Yes. All businesses need to pay 20% VAT on business electricity, and it cannot be claimed back. If your business uses under a certain amount of energy, you’ll pay a reduced rate of 5% VAT. To find out more, check out our guide to business energy VAT rates.
To start the switching process, you’ll need to compare business electricity prices – a quick call to our partner Bionic's business energy team is all it takes. You'll answer a few questions on your business and its electricity use, so we can find a deal to suit the needs and budget of your business.
The more accurate your answers, the more accurate our quotes will be. Try to dig out a recent bill and have the following information at your fingertips:
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
The MPAN number from your electricity meter (this might be on your bill).
We’ll then show you a selection of tariffs from a range of providers, then all you need to do is pick the most suitable option. We'll get the switch in motion and your new electricity supplier will organise the switch with your existing supplier.
The switch should take around six weeks. There'll be no disruption to your electricity supply, not even on the day of the switch.
Your electricity will still enter your workplace via the existing cables, it’s just the company supplying it that changes.
Once you’ve made the switch, you’ll need to take an electricity meter reading on the day of the switchover, so your old supplier can issue your final bill.
We’ve partnered with Bionic to find their best business electricity deals for your business. Call now on 0800 158 5296, or enter your details to schedule a call back when it's a good time for you.
Then a business energy expert will ask you a few questions to understand your business and find your best commercial electricity deal.
You can leave the rest to us. We’ll take care of the switch and you’ll be saving money in no time.
Switching to a better deal really is simple, especially with the Bionic business energy team on hand to take out all the hassle.
But there are a few more things you need to know before you compare business electricity suppliers, such as:
You can’t compare business electricity prices until your existing energy deal has entered its ‘renewal window’. This is usually between one and six months before your deal's end date. Your supplier will get in touch with the offer of a new deal during this window, and that’s when you should run a comparison to find a better deal
Your company is likely to be subject to a credit check
If you have a current supplier you'll need to give them notice. If you don't, you could be rolled over to a standard contract which is typically more expensive
If you're in debt with your current supplier, you could be refused to switch until that debt is cleared (unless you're on a deemed tariff)
If you have a large business, you can install commercial energy meters that update every 30 minutes, instead of every hour. Or you can choose multiple meters which report your energy more accurately
You'll need multiple meters if you run a business across more than one site. It may save time and money to consolidate your electricity supply into a single, multi-site package, with one supplier and one renewal date.
For further information about business energy, have a look at our business energy guides.
No. When you switch business electricity, it’s just the suppliers that change – your energy is still supplied through the existing cables, meaning there’s no need for work at your premises and no interruption to your supply. The only time you might see any disruption to your supply is if you need a new business electricity meter installing at your premises.
Comparing business electricity with Confused.com helps take all the hassle out of switching.
Just enter your postcode to start a quote and we’ll use smart data to find most of the information we need. We’ll just need a few more details from you and we can quickly compare business electricity prices from our panel of trusted UK electricity providers, including British Gas, EDF Energy, Octopus Energy, SSE, Scottish Power and more.
A business energy expert will talk you through your options on a quick call. You choose the one you like best, and we’ll handle the rest of the switch. No unnecessary form-filling and no hassle.
No matter how much electricity your business uses, we could help you save money - give our tech-enabled expert team at Bionic a call now on 0800 158 5296 or request a quote to see how much you could save.
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