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Compare Business Electricity
Compare January 2025 Electricity Quotes and Save up to 45% Today
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- Receive competitive quotes in minutes
- Compare trusted UK based suppliers
- Best fixed electricity rates from our experts
Our business electricity comparison service
We provide a free, no-obligation business electricity comparison service. Here’s how it works:
Supply details
Our experts will search the industry database for the MPAN associated with your property to retrieve information about your supply.
Quote collection
We’ll get quotes from our trusted panel of business electricity suppliers and typically receive results within a few minutes.
Expert comparison
Our experts will guide you through each quote and provide the Expected Annual Cost based on your business energy consumption.
Contract review
If you proceed with one of our quotes, we’ll arrange a contract with your new supplier and provide our LOA for your review and signature.
Simple switch
Our experts will submit your new contract and manage the business energy switch, resolving any issues with your new or existing supplier.
Comparing business electricity prices
Business electricity prices can be complex, making comparing tariffs and finding the cheapest deal challenging. Here’s a quick guide to the different components of electricity tariffs.
Unit rates
The unit rate on a business electricity tariff is the cost of each kWh of electricity used, as measured by your meter readings. Unit rates typically range between 20 and 30 pence per kWh. You can find the latest unit rates in our guide to business electricity rates per kWh.
Standing charges
Most electricity tariffs include a daily standing charge for maintaining your business electricity connection and leasing your business electricity meter. Standing charges are quoted in pence per day.
Taxes and levies
Business electricity suppliers include VAT on business energy at a standard rate of 20%, along with the climate change levy (CCL) for most customers. Businesses that consume less than 12,000 kWh of electricity annually are exempt from the CCL and pay a reduced VAT rate of 5%.
Capacity charges
Business electricity customers with a half-hourly meter pay an additional monthly capacity charge to guarantee the availability of the Maximum Import Capacity for their connection. For more information, see our guide on calculating capacity charges.
Distribution costs
Pass-through business electricity tariffs used by large business energy customers show electricity distribution costs separately on bills. For more information, see our guide on TNUoS, DUoS, and BSUoS charges.
Things to consider when comparing business electricity suppliers
We work with a panel of trusted business electricity suppliers, providing our customers with a wide range of options.
Choosing between business electricity suppliers can be challenging. Here are a few key points to consider:
Customer reviews
Select a business electricity supplier that provides excellent customer service. Check out our latest rankings of the best business energy suppliers.
Green credentials
Consider how your supplier contributes to the decarbonisation of the national grid through investments in green energy projects such as wind or solar power.
Additional services
The best business electricity suppliers offer more than just power. Some provide a free business energy audit or access to business energy monitoring analytics online.
Contract length
Business electricity quotes are offered between 1 and 3 years. Early termination fees for commercial electricity are expensive, so consider the ideal contract term for your business.
Payment terms
Business electricity suppliers offer various payment options. Some may require upfront payment, while others offer monthly billing settled by direct debit only.
Expected Annual Cost
Expected Annual Cost is the most reliable way to compare quotes from electricity suppliers. This metric accounts for your consumption to estimate your annual business electricity bills.
What are the most popular business electricity tariffs?
Here are the three most popular tariffs selected through our business electricity comparison service:
Fixed tariff
Suppliers often offer their most competitive rates as fixed tariffs to attract new customers. A fixed business electricity tariff provides a fixed unit rate for one to three years, offering financial certainty.
Read more in our detailed guide to fixed business energy tariffs.
Green tariff
Green tariffs guarantee that electricity is generated from renewable sources such as UK wind farms or low-carbon sources like nuclear power stations.
Read more in our detailed guide to green business energy.
Time-of-use tariffs
Multi-rate business energy tariffs provide cheaper electricity rates during off-peak periods specified in your tariff.
Your property must have an Economy 7/10 tariff, a smart business energy meter, or a half-hourly meter to benefit from this type of tariff.
Business Electricity Comparison FAQs
Here is a breakdown of frequently asked questions by people looking to compare business electricity.
Can I compare business electricity on a variable tariff?
Yes, variable business electricity tariffs typically have no fixed end date, and you can switch suppliers anytime.
To compare business electricity prices on a variable tariff, simply select “I’m out-of-contract” on our smart comparison form. Our business electricity experts will then provide a comparison report of quotes offering an ‘as soon as possible’ switch.
What do I need to do at the end of a business electricity contract?
Business electricity contracts include a section explaining what will happen at the end of your contract if you do not submit a termination notice or switch to another supplier. Typically, this results in one of the following:
- A rollover contract, where you’ll be locked in for another year at a fixed rate, or
- A default deemed contract with a variable unit rate.
In either case, these automatic business energy contracts are unnecessarily expensive. To avoid overpaying, we recommend using our business electricity comparison service to arrange a renewal or a hassle-free switch to a new supplier.
Can I compare business electricity prices without a standing charge?
Yes, it’s possible. Most business electricity rates include a daily standing charge, but some exceptions exist.
Octopus Business Energy offers a ‘no standing charge’ fixed business electricity tariff for small business energy customers.
The unit rate on a no-standing-charge tariff is typically higher than that of a standard tariff.
How do I compare business electricity prices for a business with high energy consumption?
Comparing the market for large commercial electricity users can be complex. Business electricity suppliers generally only provide bespoke business energy quotes to large businesses, which take a little while to prepare.
Additionally, businesses with half-hourly meters must provide historical consumption data to obtain accurate quotes.
Our business energy experts can help simplify the process. We’ll manage the process of collecting and comparing high-consumption electricity quotes. Start the process today by entering the details of your head office in our business electricity comparison form above.
How can I compare business electricity prices for my exact business location?
The location of your business is a key factor when comparing business electricity quotes. Electricity prices depend on which electricity distribution network operator serves your commercial property.
To get accurate quotes for your business location, simply enter your postcode into our business electricity comparison form above. Our smart address finder will automatically locate the details of your business name and address.