Compare Cheap Business Electricity

Switch and save on your business energy! Get a quote today.

Our business energy experts make it easy for you to save on your gas and electricity needs. Switch with us and save an average of £1,027* per year on your business energy bills.

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*At least 10% of businesses who switched energy supplier for both gas & electricity with us between August 2017 and August 2018 saved £1,027 or more.

Electricity is essential to most businesses, and is used in lots of different ways. If you’re running a business, you know how important it is to keep on top of your monthly costs, and finding the best deal on your business electricity is an easy way to cut your overheads and save money.

How to get the cheapest business electricity rates

Business electricity rates are always fluctuating, so it can be difficult to find the best gas and electricity tariffs for your enterprise. That’s where our team of energy experts come in - they have the time and the know-how to find the deal that’ll give you the best value for your business.

Not only will our dedicated team look to get you the best deal, they’ll take you through the switching process step-by-step to make sure you don’t hit any snags. They’ll support you with cancelling your existing contract and offer solutions to any potentially prickly objections that could arise as a result.

We don’t just look for the best price either - we also look for other features that make life that little bit easier, like online billing and top-notch customer service, so you can be confident you’re getting the complete package.

And we won’t charge your business a penny, as our service is completely free of charge.

All you have to do is let us know a few details, either by entering your details at the top of the page, or by giving our experts a call on 0800 326 5517 and we’ll do the rest.

What are the cheapest business electricity rates?

When you’re looking to switch business energy supplier, you have to get separate quotes for gas and electricity from each individual provider.

This means that your tariff will be suited to the specific needs of your business, but it can make it difficult to know whether you’re actually on the best-priced tariff available.

With a quick call to the energy experts at UKPower, you can instantly compare quotes from a range of suppliers to make sure you’re getting the right energy deal for you, at the right price.

Before you get in touch, though, it’s a good to get an idea of how much energy a business the size of yours should be using, and how much you can expect to pay.

This table shows the industry average business electricity cost per kWh, as well as standing charges, based on business size.

What are average electricity rates for business?

Business Size Average annual usage (kWh) Average price (per kWh) Standing charge (daily) Average annual price
Micro business 5,000 - 15,000 kWh 12.5p 27.0p £1,349
Small business 15,000 - 30,000 kWh 11.0p 25p £2,566
Medium-sized business 30,000 - 50,000 kWh 10.5p 22.0p £4,208

What’s the best electricity deal for your business?

Each business has different needs, and suppliers have different types of tariffs to try and meet these demands. In general, there are five types of main contract available for businesses. These are:

  • Fixed term contract - You pay a fixed cost cost per unit (kWh) of energy throughout your contract period. This doesn’t mean that your monthly bill is fixed - this can fluctuate according to how much energy you use each month.
  • Variable-rate contract - Your unit rates are linked to market activity, meaning they can increase and decrease throughout the duration of your contract. There’s an element of risk with this tariff.
  • Deemed rate contract – This is also commonly known as an out-of-contract tariff. It’s a rolling contract with expensive rates that are arranged by suppliers for customers with no formally agreed contract. This isn’t a good deal.
  • 28-day contract - A contract for businesses who haven’t switched since the energy market deregulation came into effect.
  • Rollover contract – A rollover contract is used when no alternative has been agreed before your current contract’s end date. You will automatically be signed up for another year, and rates are usually among the supplier’s most expensive. This is a place you don’t want to be.

Why choose a fixed-rate business electricity tariff?

There’s no one-size-fits all approach to business electricity bills. While some companies are better suited to fixed rate contracts, others prefer variable rate deals.

A fixed rate tariff locks in the price you pay, and protects you against any sudden increases in prices. On the other hand, a variable rate contract will benefit you if commercial electric prices fall. At UKPower, you can compare both fixed rate and variable rate tariffs, although we generally advise our customers to choose the former rather than the latter. Here’s why:

  • Fixed term business electricity prices are usually cheaper than variable energy deals in the long term
  • Your new commercial electricity supplier may be able to offer you a renewable energy option
  • By setting up a direct debit, SMEs can find it much easier to budget when they know exactly how much money is going to come out of their account each month
  • You’ll be protected against any wholesale electricity price increases
  • A dedicated Love Energy Savings account manager will be back in touch once your fixed-term contract is coming to its expiry date
  • Energy prices are fixed at varying lengths to suit the needs of your SME, this is all clearly shown via your commercial electricity comparison results

But, it’s worth noting that some companies are better suited to variable rates, so why not get in touch with one of our experts to find out more? The UKPower business energy experts can explain the nuances of the global market and point out how certain events can have an impact on your business electricity prices.

If you’re currently on a deal that doesn’t suit your business, why not have a chat with us? We compare energy tariffs in the UK to help businesses and domestic customers save money on their energy bill. Catch our experts on 0800 326 5517.

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