Compare large business energy quotes

If you run a large business, the scale you use business energy will be different from how small or medium sized enterprises (SMEs) use it.

Whether this is because you have multiple sites, a higher number of staff or a much larger property, the energy needs of big companies outweigh that of any other sized firm. That’s why it’s so important to secure a wide range of large business energy quotes before you decide to switch to a better deal.

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*with no price cap in place for businesses, some out of contract rates are up between 15% and 120%

At UKPower, we are experts in comparing large and industrial business energy business energy quotes and know that reducing large business energy bills are a concern for many bigger organisations.

There are a lot of different business electricity companies out there and it may be daunting to select the right one for you.

With this in mind, we’ve put together a summary of how to get the best electricity prices for large businesses.

What qualifies as a large business?

There is a criteria you need to meet to be considered a large business by energy companies and they might differ from the ideas that you have. To utility companies, any business that uses 55,000kWh of electricity or 200,000kWh of gas each year is considered a large business.

When your business makes it to this size, it doesn’t matter which source you use the most, it’s likely that one of your biggest overheads is the price you pay for energy. So large business gas and electricity prices should be near the top of your agenda as well as large business energy efficiency.

The task of comparing rates for energy can be a tough task but it doesn’t need to be. There can be payback in utilising services - like our own - that take the journey of finding new suppliers away at no cost to yourself. Below, let us talk you through some available options.

What is half hourly metering?

Half hourly metering is a method of sending data to your supplier in half hour intervals to provide a more accurate reading. Large business electricity rates are usually cheaper when using these meters as you are not paying for energy you’re not using.

This method of metering has been designed especially for business premises and operates through a connection on the phone line that automatically sends the reading to your supplier. This is a handy feature because it means you don’t need to record your energy usage yourself, as half hourly metering does it for you. It takes a lot of the stress out of large business energy management.

These meters provide an accurate and regular update for yourself too, which means you can note when your busiest periods are and use this information to tailor your energy plan to be more appropriate for your needs.

Does your business need a half hourly electricity meter?

Standards require businesses with a 100kW an hour or more to have a half hour meter fitted by law, so if you’re surpassing that amount, you will either already have one, or should plan to get one fitted soon.

The companies that tend to exceed these figures are generally very large scale, so we’re talking about department stores, manufacturing plants and assembly plants. These are more energy-intensive businesses who reply on power resources as much as human resources.

You’ll also have the option to have a half hourly electricity meter installed if your business has a maximum demand of 70kW or more in any given half hour period. If you’re interested in this option, be sure to ask your supplier about having one installed as it might save you money.

If your business has a high level of energy usage, this form of accountability could help save you money. Firstly, it’s more accurate, so your bill will also be more precise. But it also gives you a great ability to compare suppliers with a complete knowledge of your usage patterns.

What is a multi-site energy contract?

If you’re a business with many properties, you might have separate contracts for each site. Taking into consideration that you will be using both gas and electricity, the confusion can soon escalate. Not only will this become a pain, but you will probably be paying over the odds if this is the situation you’re in.

A multi-site energy deal is set up for businesses in that very circumstance. If you have more than one site, you can take advantage of a billing method built to take away the hassle of having various contracts by creating one, single bill for your whole business.

What are the benefits of a multi-site energy contract?

Getting both your gas and electricity from one single supplier gives you flexibility to save both time and money, but also provides a level of ease when maintaining and negotiating new contracts – having just one renewal date to consider means you’ll easily be able to change your tariff in future. In turn, this will help you to reduce energy cost for your large business.

Because you’re buying your energy on a large scale, you also have a greater freedom to negotiate a better deal, because buying in bulk reduces the cost for the supplier and yourself.

Can large businesses offset energy bills against tax?

No. All businesses must pay VAT on their energy bills. If you run a business with a high energy consumption, you will pay VAT on business energy at a standard rate of 20%.

How to get the best large business gas and electricity rates

Comparing business energy quotes and going back-and-forth between suppliers takes a lot of time. Because it’s often not front-of-mind, business owners rarely take this into consideration.

That's where UKPower comes in, we can handle large business energy comparison for you.

Our team of experts can shift the heavy lifting for you - we compare each tariff on the market and make sure you’re getting the very best deal you can. It’s our aim to reduce the cost and stress of energy switching for your business.

All you need to do is give us a call - our business savings experts will analyse the best large business energy cost rates on the market. We’ll then talk you through your consumption habits and present you with the best deals and advise on a tariff that suits you.

Here at UKPower, we offer a free and custom-made service for your large business. We compare a wide range of quotes specific to you, to make sure you’re getting the best deal.

If your business is large and considered a high energy consumption industry, large and industrial energy suppliers will bid for your supply as part of the comparison process.

Here’s the lowdown on how it works:

  • You will be assigned a UKPower specialist business energy manager who will ask you some questions about your business energy habits.
  • They will arrange a suitable time with you and set up an appointment to discuss your quotes.
  • We’ll contact your supplier to confirm your meter details and exact annual usage.
  • Suppliers will compete to win your business and offer you tailored quotes based on your energy usage. This part of the process can take up to five days.
  • We’ll call you with the most competitive quotes and go through the benefits or cons of each.

Then you just need to select the deal that suits you best and we’ll handle the rest, keeping you in the loop every step of the switching process. We’re here to help and are just a phone call away. Give us a call on 0800 688 8773 to start your switch to a better deal.

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