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Compare business energy prices
Compare September 2024 Energy Rates and Save up to 45% Today
Just enter your business postcode…
How much could you save?
- Receive competitive quotes in minutes
- Compare trusted UK based suppliers
- Best fixed energy rates from our experts
Compare business energy prices – September 2024
The table below shows the average 1-year fixed business energy rates in September 2024.
| Size | Annual Consumption kWh | 1 Year fixed gas rate p/kWh | 1 Year fixed elec rate p/kWh |
|---|---|---|---|
| Small | 10,000 to 50,000 | 6.6 | 23.2 |
| Medium | 50,000 to 100,000 | 5.8 | 21.2 |
| Large | 100,000 + | 5.6 | 21.0 |
💡 These rates provide a snapshot of current market trends, helping you understand the potential savings available through our business energy comparison service.
Important note: The information above is based upon the latest published wholesale energy data and does not represent live energy prices. Business energy rates change daily and are location-dependent. To get energy rates available to your business today, enter your postcode above using our business energy comparison tool.
Source: AquaSwitch
Compare business energy quotes and get the best deal
Finding the right business energy deal is crucial for managing costs effectively. With our quick and easy comparison service, you can secure the best rates in just a few minutes. Here’s how:
Enter your business postcode
Provide your business postcode to kickstart the process. Our smart address finder will locate your commercial address and energy meter details.
Compare business energy deals
Our team of business energy experts will scan the market and present you with bespoke business energy quotes. This allows you to find the most cost-effective option.
Make the switch
After you choose the best deal, our team of experts will handle the entire switching process for you. We ensure a smooth transition to your new business energy contract.
Take advantage of cheaper business energy prices
Energy prices have fallen significantly from the peak of the energy crisis in 2022.
Business energy suppliers are now offering substantial discounts on their one-year fixed tariffs.
Source: AquaSwitch
💡 Discover how much your business can save today by comparing commercial energy prices through our service. By staying informed and making timely decisions, you can take full advantage of these lower rates to optimise your business’s energy expenses.
The benefits of business energy comparison
Discovering the best business energy deals can make a big difference. By comparing commercial energy quotes, you unlock several key benefits that help to save money, make informed decisions, and enjoy hassle-free service. Here’s why it’s important to compare business energy prices:
Significant Cost Savings
Save thousands by finding the cheapest business energy rates available.
Excellent Customer Service
Compare business energy prices from trusted UK-based suppliers known for their exceptional customer service.
Make Informed Decisions
Get detailed information on various tariffs, allowing you to make the best choices for your business’s unique energy needs.
What to look for when you compare business energy prices
Choosing the right business energy deal can save you money and hassle. To make sure you get the best prices and rates, consider these key factors:
Fixed or variable rates
Decide if you want fixed or variable business electricity rates per kWh. Fixed rates offer stability, while variable rates can change with market conditions.
The contract term
The typical fixed-rate energy tariff will last between 1 and 3 years. This is the period where you’ll receive energy at the agreed rate unless you move premises.
Standing charge
Commercial energy contracts usually include a daily standing charge, a fixed fee you pay regardless of energy consumption.
Payment method
Small businesses often need to pay by direct debit each month. If you need a different payment arrangement, negotiate this upfront.
Energy fuel mix
If sustainability is important, opt for renewable energy tariffs that generate electricity from wind and solar. Standard tariffs combine renewable and fossil fuels.
Renewal
Know what happens at the end of your contract term. Typically, you’ll be rolled over to a new fixed tariff or a standard variable tariff unless you make other arrangements.
Comparing business energy prices by size
Companies that use more energy in high-consumption business energy contracts can access lower business energy prices. Business energy suppliers can negotiate better fixed wholesale rates, much like a bulk-buy discount.
The table below displays the latest government statistics on business energy rates for different sizes of companies, helping you compare business energy prices and find the best deal for your needs.
| Business size | Annual consumption (kWh) | Unit electricity rate/kWh |
|---|---|---|
| Very small | <20,000 | 31.60 |
| Small | 20,000 - 500,000 | 33.95 |
| Small/Medium | 500,000 to 2,000,000 | 32.11 |
| Medium | 2,000,000 to 20,000,000 | 30.09 |
| Large | >20,000,000 | 28.74 |
Source: BEIS: Quarterly energy prices.
Please note that the government statistics are about six months out of date. For the latest business energy rates, see above.
Business energy comparison – FAQs
Our experts are here to provide you with detailed answers to all your questions about business energy comparison, helping you make informed and cost-effective decisions.
How does my company’s credit score affect comparing business energy quotes?
Business energy suppliers manage credit risk carefully when onboarding new customers. They often adjust pricing based on credit scores.
For companies with lower credit scores, suppliers may request a security deposit or require bill settlement by direct debit to mitigate their risk.
Why do I need an LOA when comparing business energy?
To take advantage of the business energy prices collected by our experts you’ll need to sign an LOA (Letter of Authority).
The LOA allows us to manage the process of switching energy suppliers on your behalf.
Will my business energy quote change?
Yes, prices can fluctuate due to the volatile energy market. If you receive a business energy comparison report today, the prices may change by the time you decide to proceed.
It’s essential to review and act on quotes promptly as the rates can vary daily.
Can I cancel my business energy contract?
You can cancel your business energy contract without incurring exit charges in the following scenarios:
- You’ve recently moved into a property and are paying deemed rates.
- You are relocating out of your commercial property.
- Your current tariff has ended, and you’ve moved to variable rates.
Who supplies my business energy?
Your business energy supplier is the company that bills you for electricity and gas.
If you’ve just moved into a property and need to find out who supplies energy to your business property, use the Energy Network Association tool with your postcode.
Contact your current supplier to get your MPAN (Meter Point Administration Number) and MPRN (for gas). These numbers will help you compare business energy prices with tailored quotes.
What is a multi-site meter?
A multi-site meter helps your business efficiently manage billing for multiple energy supply points, whether at one large site or across several locations.
This can save money, time, and hassle, especially when you compare business energy prices.
If I compare business energy prices, can I switch immediately?
You can switch to a new contract the day after your current contract ends. However, it can take up to 4 weeks for a new supplier to take over. If your contract end date is less than four weeks away, you may temporarily pay out-of-contract rates during the transfer.
Exceptions include:
- Moving into new premises: The switch can take up to 6 weeks due to processing a change of tenancy.
- Out of contract: If currently out of contract, a new or existing supplier can start a new contract ASAP, though the transfer may still take up to 4 weeks.
How do I know when my business energy contract is coming to an end?
Your recent business electricity bill or commercial gas invoice should state your contract end date. If not, review your original agreement or contact your supplier’s customer service.
Knowing your contract end date is crucial to avoid being automatically switched to expensive deemed contract rates.
Will my business energy renewal quote be cheaper?
The cost of your renewal quote depends on several factors, including current market conditions.
If you fixed your rate during the height of the energy crisis in 2022, your renewal quote is likely to be a lot cheaper.
💡Use our business energy comparison service to check the latest prices and rates to see if your renewal quote is competitive.
How much can I save if I compare business energy prices?
We have helped businesses save thousands by switching to the most competitive deals.
If you haven’t switched suppliers recently, you could be overpaying. Lots of businesses spend thousands unnecessarily on uncompetitive electricity and gas rates.
Compare business energy prices today.
How do I terminate my business energy contract?
Our experts have created a convenient Business Energy Contract Termination Template to help you ensure that your contract does not roll over automatically.
Our template simplifies the process and ensures you meet all requirements for terminating your business energy contract.