Compare business energy suppliers
Or call the experts at Bionic on:0800 975 0781
Which business energy suppliers do we work with?
We currently compare 20 business energy providers^^, including familiar big providers as well as smaller companies that might be able to offer you a great deal on gas and electricity for your business.
^^Correct as of March, 2022.
We work with our trusted partner Bionic to help you find great energy deals. Bionic's experts work with leading energy suppliers to find the right deal for you, whether you're a barbershop or a bakery.
How to switch business energy
Find out how our business experts can help you switch your supply quickly and easily.
Simply enter a few details about your business and tell us when you're free to chat
Our UK-based experts will talk you through the available deals on a short call
We'll take care of the switch and help make it seamless for you
Why compare business energy with Compare the Market?
The energy market can be a pretty volatile one, which means prices are regularly fluctuating and competition is fierce as new energy tariffs enter the market. Businesses usually use more energy than domestic properties, and large businesses significantly more. Business energy bills are calculated based on how much you’re using, so even small differences in price per unit can make a big difference, especially to larger businesses. This will cost you even more if you’ve been placed onto a suppliers’ standard variable rate, which is often their most expensive.
With Compare the Market, we can help you find out if you could save on your business energy. Our comparison service makes it easy to find out if you could save, and our partnered energy experts at Bionic are available to answer any of your questions on 0800 975 0781.
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Business energy is not a qualifying product; however, compare prices now and find the right deal for you.
Should I be worried about the rise in energy prices?
There has been a recent rise in wholesale energy prices, which has had a knock-on impact on the prices that energy suppliers can provide to their customers. When you request a quote, we can talk you through the available tariffs and suppliers and help you to find the most suitable deal for your business.
Compare business gas
With the help of our business energy experts, we can help you compare quotes to find a deal on your business gas.
Whether it’s to save money, get better service or do your company’s bit to help the environment, find the right business gas quote for you.Get a quote
Compare business electricity
All modern companies are embracing the digital age in one way or another. With all that tech powering your business, you’ll want to find electricity tariffs that can offer you the best deal. This could simply be getting a cheaper rate, or perhaps embracing a green tariff with 100% renewable electricity.
Compare quotes to find the latest business electricity deals and find the right fit for your company.Get a quote
Why you should switch your business energy supplier
Businesses often use a lot more energy than homes, which means overpaying for business energy can be even more expensive. With business energy prices broken down to a cost per unit of energy, even small price differences can lead to big savings on your company’s energy bills over the course of a financial year.
If you’ve not switched your tariff for several years, there’s a chance that your business energy supplier will have moved you onto their variable rate. Variable rates are often much more expensive than fixed tariffs you’ll find elsewhere on the energy market, which means you could be paying far more than you need to. A simple switch could fix that.
You also need to remember that, as your business begins to grow, you’ll probably end up with more members of staff, as well as bigger, or even multiple, offices. This will your impact your company’s carbon footprint, which makes getting the right commercial energy deal even more important.
Finally, you also want to make sure that you’re with a business energy supplier that’s reliable and has good customer service. If your energy supply is cut, your business won’t just suffer financially, it could also impact your company’s reputation with customers. To help prevent that, find a supplier with excellent customer service to get problems resolved quickly.
How can Compare the Market save you money when you switch?
Compare the Market’s comparison service takes the hassle of finding a cheaper business energy tariff off your hands, as we compare quotes from across the energy market. Simply answer a few questions and our business energy experts at Bionic will do all the legwork, including arranging the switch for you.
If you’re still unsure about switching, we’ve partnered with business energy experts, Bionic, who can answer your questions by calling them on 0800 975 0781.
Average business energy bills
Getting a truly indicative ‘average’ business energy bill is difficult, because businesses vary in size, type and location. This means their energy consumption and pricing can vary significantly. This is even more true during the current energy pricing crisis. However, to give you an idea of how much business energy currently costs, we’ve put together the latest information:
|Business size||Electricity price (per kWh)||Gas price (per kWh)|
What to consider when you compare business energy suppliers
It’s important to know that business energy suppliers don’t usually offer dual fuel deals. Instead, you’ll probably need to get your business gas and electricity supplied through separate tariffs. While this does mean you’ll have to manage your energy types separately, it does offer the potential to use different suppliers for each, which could get you a better deal.
It’s also useful to understand how your business energy prices are calculated, as this can help you also understand what makes for a good deal. Business energy prices are mainly based on your company’s size (in terms of staff and business premises), its location and meter type. Understandably, more people working in larger offices are going to use more energy, so your bill will reflect this. Energy prices also differ by region, which makes a business in London likely to pay a different price to one in Scotland. Finally, certain meters, like an economy 7, charge different rates depending on the time of day, which could be useful for different types of businesses. A nightclub, for instance, could potentially enjoy off-peak rates that a regular 9-5 office wouldn’t.
Before you compare business energy suppliers, you should first decide which type of tariff would suit your business best.
There are four main types to choose from:
- Fixed-term tariffs
- Extended tariffs
- Flex approach tariffs
- Pass through tariffs
Business energy tariffs explained
Fixed term – the most popular type of energy tariff for businesses. Energy suppliers typically offer commercial customers a range of fixed term tariffs over one to four years. Although bills will vary depending on how much energy you use, the unit cost and standing charges remain the same for the agreed fixed term.
Extended tariff – this type of tariff lets you extend the length of your current business energy contract with the same supplier. This could be a good option if you’re happy to stay with your current supplier, as you’ll likely be rewarded with a lower rate for your loyalty.
Flex approach tariff – this allows you to bulk-buy your energy in advance, so when it comes to using it, you already know how much you’ve paid. Bulk-buying this way also means you can benefit from wholesale prices.
Pass through tariff – this allows you to split your bill between the fixed wholesale price and other charges, like the National Grid and Transmission Network Use of System, which can vary over the year. The idea is that the variable charges passed on to you, the business customer, may increase over time and offset the cheaper fixed wholesale price that you’ve been given.
How to switch business energy suppliers
Switching business energy supplier is simple. You can change supplier when your contract enters the ‘switching window’, which is usually between one and six months before its end date. As soon as this happens, you should run a business energy price comparison. That’s because it’s a good idea to have your next energy tariff in place and ready to go for when your current contract ends.
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. If you can, grab your latest bill when you start a quote. All the answers will be on there. But don’t worry if you can’t find one, we can, if you’ll let us, look up the information we need with just your business’ name and postcode. While your usage information helps us get a more accurate quote, we can get you an estimated one without it.
Once you’ve answered everything, we’ll check the market and one of our energy experts will give you a quick call when you’re free to run you through the available tariffs based on your needs – all you need to do is choose one. Bionic will sort out all the finer details and arrange for the switch to take place.
Switch to a green energy tariff
If you’re looking to reduce your company’s carbon footprint, a green business energy tariff is a great place to start. Green tariffs use renewable energy sources – like sunlight, wind or even plants. And just like with domestic energy, some of these options are available to commercial energy customers. With companies increasingly aware of their impact on the environment, businesses are looking for ways to improve their energy efficiency, which is leading to new green tariffs entering the business energy market.
How to save on your business energy bills
Here are some tips to help you save on your business energy bills:
Compare quotes and switch supplier - if you’ve been on the same business tariff for years and years, you’re probably paying more than you need to, and a simple switch could see you making big savings with little effort.
Install technology to improve your business’ energy efficiency - there are a variety of energy-saving devices for businesses. For example, you could install lights which activate with sensors, meaning they won’t be on unless people are in the area and need them.
Introduce energy efficient workplace habits – by introducing training and other guidance for your employees, get into the habit of adopting energy-saving practices. For example, people should turn their computers off when they leave for the day, rather than leaving them in sleep mode.
Run a business energy audit – this helps you find out how and where your business uses energy the most. Not only will it highlight your company’s energy usage, but it can also highlight areas where energy is being wasted, which means you can take steps to improve the energy efficiency of your workspace.
Frequently asked questions
What’s the difference between domestic and business energy?
Here are the main differences between domestic and business energy:
- Business energy tariffs usually charge less per unit – because businesses tend to use a lot more energy than homes, business energy deals are charged less per unit of energy. Think of it like a discount for bulk buying.
- You can only switch business energy tariffs in the renewal window – unlike domestic energy tariffs, which you can switch anytime you like (subject to any exit fees), business energy can only be switched when you’re in the renewal window. This is typically six months before the end of your contract.
- The market works differently – for domestic energy you can pick from energy tariffs that are available from across the market. For business energy, you’ll need to get a bespoke quote from suppliers. This is because businesses use energy completely differently from domestic properties and other businesses.
Are dual fuel business energy tariffs available?
No, business energy suppliers don’t offer dual fuel tariffs. Instead, business energy is split between business gas and business electricity. Because of this, you’ll need to agree separate deals for both types of energy. That’s where we can help you.
How do business energy contracts work?
Business energy contracts tend to be longer term deals. While domestic energy tariffs usually last for 12 months, business energy contracts can last anywhere between one and five years, maybe longer. Business energy is also priced on a per unit basis, with both gas and electricity being contracted separately.
With a business energy contract, you won’t usually be offered a cooling off period, and you won’t be able to switch suppliers until you enter the ‘switching window’ which can be anywhere from one to six months from the end of your deal.
How are commercial energy plans calculated?
The costs of a commercial energy plan are calculated using several factors, including:
- Your business’ energy usage – naturally, using more energy will cost more
- The size and type of business – certain types of business are expected to use more energy, which may then pay less per unit. Think of it as a discount for buying in bulk.
- Your business’ location – energy is priced differently between regions, so you may pay more as a business in London, than one in Scotland.
- Contract length – locking your business into a longer business energy contract may reward you with a cheaper per unit price. Just keep in mind that locking yourself into a longer-term commitment means you won’t be able to switch to a better deal, if prices fall.
What is a standing charge?
A standing charge is a daily fee that’s part of your business energy tariff. It’s charged even if you use no energy at all, and is basically just a standard charge for being connected to the supply and having access.
Some tariffs may come without a standing charge, but these will likely charge a higher rate per kilowatt hour.
What is kilowatt hour (kWh)?
Kilowatt hour (kWh) is the unit of measurement for energy usage per hour. Energy tariffs both domestic and business are calculated using kWh, with a rate set to determine how much you pay per unit of energy.
What is a deemed contract?
You can be placed on a deemed contract for a few reasons. Businesses are usually put on a deemed contract if they either cancel with their existing provider, but then don’t sign up with another, or they move into a new business premises and don’t agree a contract with a supplier. Either way, energy is still being provided to the business premises, which means you’ll need to pay for it. Deemed contracts are usually among the most expensive on the market, so you should avoid landing on one if possible.
Will my business energy be disrupted when I switch?
There won’t be any disruptions to your supply when you switch commercial energy suppliers. Your new energy supplier will liaise with your old one and make all the arrangements for the switch over.
As with domestic switches, you’ll be expected to take an up-to-date meter reading and pay off any outstanding bills.
What should I do if my business is moving premises?
You can take your existing energy supplier along to your new premises with you or switch to a new one. Either way, here are the things you need to tell your current supplier:
- Where you’re moving – they’ll need your business’ new address.
- When you’re moving – they’ll need the date you’re leaving your current business address, as well as the date you move into your new premises.
- Provide meter readings – both when you leave your old address and when you arrive at the new one.
You should ideally give your supplier a month’s notice of your business’ move, but you may want to give them more than that to be safe. Make sure you don’t leave it too late, as you could be charged expensive out-of-contract charges. If you end up cancelling with your old supplier without arranging a new one, you’ll be put on a deemed rate, which can be much more expensive.
What do I need to switch?
All the details you need are on a recent bill, look out for:
- your current supplier’s name
- tariff name and end date
- 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.
How do I find out when my energy contract ends?
You should be able to find out when your energy contract ends by looking at a recent energy bill. If you can’t find the end date, or it’s not clear, then you should get in touch with your business energy supplier.
Being aware of when your energy contract ends is important, because you’ll be able to start looking for a new tariff before you roll onto a variable rate, which is much more expensive.
How long does it take to switch?
How long it takes to switch business energy suppliers can vary between businesses, but the general rule is about four to six weeks. If, for some reason, your current energy supplier attempts to block your switch, this can slow things down. If your switch is taking longer than six weeks, you should contact your supplier and get an update. They must reply to you within 14 days.
With it taking between four and six weeks to switch your business energy, you should plan ahead and compare quotes to find the right deal in plenty of time, before your existing tariff ends and you’re rolled onto a standard one which will usually cost a lot more.
What are half hourly meters and how do they work?
Half hourly meters record electricity use for businesses every… 30 minutes. They provide automatic readings, and must legally be used by UK businesses who use 100,000kWh of electricity or more per year.
They essentially act as a smart meter for large businesses, with the readings sent automatically to your supplier.