Compare business energy
Get a great energy deal for your business
Whether you run a café, shop, surgery or office, the first rule of business is to keep the power going and the lights on. Landlords have to make sure their tenants can wash and stay warm, hotels and guesthouses have to do the same. Here’s our guide on how to get a great deal on what, for many, is their greatest business cost.
We know that what you need from your business energy is different from what you need at home. Companies often spend more on their energy than households. But that shouldn’t mean that you end up paying through the nose for these necessities.
By using our comparison page to search for some of the best prices available, the savings could be significant. Our business energy comparison page makes it simple and quick to find a great deal on your business energy bills.
Why should I switch business energy suppliers?
Commercial enterprises use a lot more energy than the average household, which is why getting the most for your money is imperative. But it’s not just about money, your business also needs to get the most out of your energy provider’s customer service so it’s worth considering whether your overall package is a good one.
How much could I save by switching business energy?
How much your business could save depends on its size, the number of staff and ultimately, how efficiently it’s run. The exact amount is hard to pinpoint because all businesses are different.
How does switching business energy work and how long does it take?
It’s not much different from switching your home energy supplier and the transition should be just as smooth and just as quick.
To make the switch, just answer a few questions such as what type of business you have; where it’s located and how much energy it uses. It’s handy to have your latest bill when you start a quote because all the answers will be on there.
Once you’ve answered everything, we’ll compare the market and present you with available tariffs based on your needs – all you need to do is choose one. Your new energy supplier will sort out all the finer details and arrange for the switch to take place so you can get on with the important job of running your business.
Will my business supply be disrupted?
Rest assured that it’ll be business as usual and there won’t be any disruptions to your supply. Your new energy supplier will liaise with your old one and between them, they’ll make all the arrangements for the big switch over.
Like with domestic switches, you’ll be expected to take an up to date meter reading and pay off any outstanding bills.
If you’re leaving your old supplier partway through your contract, it’s also your responsibility to find out about any exit fees. If you do have to pay to leave your current agreement, then make sure the savings you make by switching are worth it.
What are the different business tariff options?
Energy suppliers typically offer commercial customers a range of fixed rate tariffs over one, two or three years. As a rule, the longer the fixed term, the more expensive the tariff is likely to be – but it does offer protection from any increases in the future. Some suppliers also offer discounts if bills are paid by direct debit.
If you’re concerned about the environment, then look out for green energy options. For example, some energy suppliers have made a commitment not to find gas through fracking – which is when they drill deep into the earth to find gas reserves. Alternatively, you might do your bit by opting for paperless billing or choosing a supplier that gets involved in projects such as tree planting or sources renewable energy.
Can I get Charity or ‘Not-for-Profit’ business energy?
Yes. Charities and not-for-profit organisations are eligible for a 15% reduction in VAT, taking it down to 5%. Plus, they are also exempt from the Climate Change Levy (CCL), which is a tax on commercial energy use – reducing bills by a further 5%.
Of course, being eligible for discounts and actually getting them are two different things, so if you think your not-for-profit group is entitled to money off energy, then contact your supplier and ask for a VAT declaration form.
Can I get a business energy feed in tariff too?
Yes, your business can apply for a feed in tariff (FIT), just like a domestic energy user. Under the FIT scheme, anyone that generates their own power or sells excess power back to the National Grid, is eligible for money back.
How much you’ll get paid for generating electricity depends on the size of the system you have, as well as what type of technology is installed – such as solar panels, or wind turbines. If you’re interested in generating your own energy, then the Energy Savings Trust is on hand to provide help and offer advice.
What is green business energy?
Green energy comes from renewable sources – like sunlight, wind or even plants. And just like with domestic energy, some of these options will be available to commercial energy users.
But there are other ways of being green that don’t involve renewables – like choosing paperless billing and being as energy efficient as you can.
Businesses will naturally use more energy than the average home, so being aware of your firm’s impact on the environment is no bad thing. And if being green is important to you, then you can refine your comparethemarket.com search results to reflect that – just click the ‘green’ option under ‘tariff type’.
What information do I need to switch business energy?
All the information needed to switch energy supplier can be found on your bill – look out for:
- Your current supplier’s name
- Tariff name and end date
- Your supply type
- How much energy your business uses in kWh (kilowatt hours) or pounds
If you don’t have a recent bill to hand then you can still search great deals, but be aware that the quotes might not be as accurate. And if you can’t decipher your bill, then don’t worry, we’re sure you aren’t the only one – just check out our Understanding your bill page for help.
How do I compare business energy suppliers?
Just answer a few questions about your business and its energy consumption – it’s as easy as that.
We promise the questions aren’t hard and all the details are on your bill; so, if you have one to hand, then searching for a new and better deal, will be even easier. We’ll look for available tariffs based on what you’ve told us; you can then refine the results to make sure you get a supplier and package that really suits you and your business.
List of business energy suppliers
Take a look at our list of business energy suppliers. Alongside the more familiar providers, we include smaller companies that could also offer you a great deal on your business energy. Start comparing today to see how much money you could save.
What should I do if I'm moving business premises?
Moving the location of your business can be pretty stressful, but sorting out what happens with your energy supply shouldn’t be. Businesses can opt to take their existing energy supplier along with them, or switch to a new one. Either way it’s important to have something in place, otherwise expensive out of contract charges may apply.
If you do decide to stick with your current supplier, then you’ll need to give them notice of your move – about a month should be enough. You’ll also need to let them know the date you’re moving out and the date you move in to your new premises, as well as the new address. Meter readings should also be taken at your old and new locations on the day you move out and in.
Do your business energy quotes include VAT and CCL?
They do and they don’t – it’s entirely your choice. When you get to the prices page, you can opt to have quotes shown with or without VAT and CCL (climate change levy).