Business electricity

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Why do I need a business electricity account?

Businesses typically pay different rates to domestic users, and policies are set up differently.

A business account is similar to a mobile-phone contract. You set up the policy for a term of 1-5 years and based on your business and size of premises, the supplier will estimate how much energy you'll need. With that estimate, the supplier will then be able to give you a set amount to pay each month.

If you have a large business, you can install meters that update every 30 mins, instead of every hour, or multiple meters to more accurately report your energy usage.

If you're applying for business electricity, you should know:

  • Your company is likely to be subject to a credit check.
  • You'll have to give notice to your current supplier (if you have one). 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.

Whether you own a restaurant with electric ovens, or a hairdresser with electric hair dryers, straighteners and curlers, you’ll know that getting good price for your electricity can make a difference to your businesses operating costs.

If you're still a little unsure what is involved with switching and what business electricity is, the government department Ofgem have some useful guides to help.

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Get a quote for a new and possibly lower electricity price with just a few clicks. Our electricity price comparison tool does the hard work for you, searching the market to see what the best prices are. Choose the rate that’s right for you today. However much electricity you use in your business, we could help you save money.

With our business energy comparison, you could get a quote for:

  • Business electricity
  • Business gas
  • Renewable energy

Enter your details once and we’ll search our electricity providers, including British Gas, E.ON, npower and more. You’ll see all your available tariffs in one place, ranked as they should be – starting with the cheapest. When it’s this easy to compare electricity prices, there’s no reason not to give it a try today

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