When to Switch Business Energy Suppliers
Switching Window
As mentioned earlier, the switching window is the ideal time to compare energy deals and switch suppliers. It typically opens between one to six months before your current contract expires. Taking advantage of this window allows you to secure a new deal and avoid being rolled over onto expensive out-of-contract rates.
Moving to a New Business Premises
If you’re moving your business to a new location, it’s crucial to switch energy suppliers as soon as possible. When you move into a new property, your business is placed on deemed rates, which are typically more expensive than negotiated deals. By switching suppliers immediately, you can avoid paying higher rates and ensure that you’re getting the best energy deal for your new premises.
When Prices Are Favorable for Compare business energy
Monitoring energy prices can help you identify favorable periods for switching suppliers. While energy prices generally tend to rise, there may be occasional drops or periods of stability. By keeping an eye on market trends and working with a reputable energy broker, you can time your switch to take advantage of lower prices and potentially secure a more favorable deal.
Which energy suppliers do we compare?
We show you energy deals available from energy suppliers across the market – not just the big six!
Why use Energy Tariffs to Compare energy prices.
Energy Tariff is the most popular compare energy prices site in the UK and we’ve helped more than five million people switch their energy tariffs.
It’s quick and easy to compare and switch business energy tariffs with Energy Tariff and our partner’s Utility Wearhouse. We compare business energy deals from the big six energy providers alongside specialist business energy suppliers so you can find the deal that suits you.
Why switch business energy suppliers?
- Cost savings: One of the primary reasons businesses switch energy suppliers is to reduce costs. Energy markets are competitive, and different suppliers offer various pricing plans and tariffs. By comparing and switching to a more affordable supplier, businesses can potentially lower their energy bills and increase profitability.
- Better contract terms: Energy contracts can vary in terms of duration, flexibility, and pricing structures. By switching suppliers, businesses can find contracts that better align with their specific needs. This may include contracts with fixed or variable rates, shorter or longer terms, or the ability to negotiate tailored terms.
- Improved customer service: Businesses may switch energy suppliers to access better customer service. If a current supplier is unresponsive, provides inadequate support, or has a poor reputation for customer care, switching to a different supplier can ensure more reliable and responsive assistance when dealing with billing inquiries, technical issues, or account management.
- Green energy options: Many businesses today are concerned about their environmental impact and seek to reduce their carbon footprint. Switching to a renewable energy supplier can provide access to electricity generated from sustainable sources such as wind, solar, or hydro. This switch can align with a company’s sustainability goals and demonstrate a commitment to environmental responsibility.
- Additional services and benefits: Some energy suppliers offer additional services and benefits beyond simply supplying energy. These may include energy efficiency advice, smart meter installation, online account management tools, or energy usage monitoring. Switching to a supplier that provides such services can help businesses optimize their energy usage and potentially reduce costs.
Get a cheaper deal
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Energy suppliers make a lot of money if you don’t switch! If you’ve never done a price comparison or you’ve come to the end of an energy contract, there’s a good chance you’ll be on a ‘standard variable tariff. This is normally the most expensive rate your energy supplier offers, so by switching to a fixed rate you can usually save a decent amount.
Take back control
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If you moved to business premises without agreeing on a contract with a supplier, you might be on a deemed contract. These types of business energy contracts are on average 80% more expensive than negotiated contracts, so you could make significant savings by running a business energy comparison and switching.
The Role of Business Energy Brokers
Business energy brokers play a significant role in simplifying the process of switching suppliers. These specialized intermediaries work with both business energy consumers and suppliers to facilitate the switch. They can provide valuable insights, negotiate deals on your behalf, and handle administrative tasks throughout the process.
When working with a business energy broker, it’s important to understand their fee structure. Brokers may charge a commission, a share of the savings, or an upfront fee for their services. It’s essential to have a clear understanding of the broker’s fees before engaging their services.
Conclusion
Switching business energy suppliers can yield significant benefits for your company, including cost savings, increased flexibility, improved service quality, and access to renewable energy options. By understanding your switching window, staying informed about market trends, and working with reputable suppliers or brokers, you can ensure a smooth and successful switch. Regularly reviewing and switching suppliers is a proactive approach to managing your business energy costs and optimizing your overall operations. Take control of your energy expenses today and make the switch to a more competitive and sustainable energy supplier.
What are the latest business energy rates
When looking for the best business energy rates, it’s worth knowing what rates similar-sized businesses are paying for their gas and electricity.
To find out what the average business gas prices per kWh are in 2023, check out the table below:
Latest business gas rates in 2023
| Business size | Gas unit price per kWh | Gas daily standing charge |
| Micro Business | 9.8p | 53.1p |
| Small Business | 9.1p | 65.7p |
| Medium Business | 8.7p | 111.8p |
| Large Business | 8.5p | 121.1p |
To find out what the average business electricity prices per kWh are in 2023, check out the table below:
Latest business electricity rates in 2023
| Business size | Electricity unit price per kWh | Electricity daily standing charge |
| Micro Business | 29.9p | 63.7p |
| Small Business | 29.3p | 84.9p |
| Medium Business | 28.7p | 85.8p |
| Large Business | 28.9p | 84.2p |
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Business Energy FAQs
A deemed contract will usually be in place for both gas and electricity if you move into new premises.
You may also be moved to a deemed contract if your existing contract has come to end but you continue to consume energy.
The cost of a deemed contract is on average 80% more than rates charged in a negotiated contract. If you are on a deemed contract, you could make significant savings by comparing business energy tariffs.
Once you’ve found your new, cheaper tariff, it takes between 4 and 6 weeks to complete the switch from one supplier to another. We will manage this process for you, so you don’t have to.
The transfer is seamless; your energy will not be cut off as a result of switching. We’ll keep you up-to-date if there are any transfer issues. If you have any queries before or after the switch, please don’t hesitate to contact your personal Account Manager on: 0141 628 9443
Switching business utilities is very easy. Simply start by comparing utility prices, when you have found the right deal for your business, click ‘switch now’ to complete your switch online.
At Love Energy Savings, we’ll handle negotiations between suppliers too, making the whole process as stress-free as possible.
Charities and not-for-profit organizations may not receive energy discounts, but they can get reductions on VAT (from 20% to 5%) and be exempt from the Climate Change Levy, which could help reduce energy bills overall. Discounts are not automatically applied, so make sure you speak to one of our experts about getting these discounts applied to your energy bills.
Read our helpful article Is Your Charity Making The Most of VAT Reduction on Its Energy Bills? for more information.
If you’re moving business premises, there are a number of things you need to do:
- Contact your energy provider and tell them when you’ll be leaving the premises
- Provide a final meter reading and keep a copy for your records
- Leave Direct Debits in place until your contract has been fully terminated.
When you get to your new business premises it’s essential you set up a new energy contract as soon as possible to prevent you from being overcharged for your business energy:
- Take meter readings as soon as you move in
- Compare energy prices as soon as possible
- Choose a new supplier and give them your meter readings and confirm the date you moved in
You will need to make sure you’re choosing the best deal for your business when switching your business energy supplier. To accurately compare quotes, you will need the following details which you’ll find on your energy bill:
- Your supplier name
- Your monthly payment amount
- Current energy consumption and unit rate (kWh)
- Your MPAN number, also known as supplier number
With this information, you will be able to compare new quotes against your current rate. When you find the right deal for you, you can switch your business energy.
Compare electricity only In Great Britain, around four million households do not use mains gas for heating, according to Ofgem. Just over half of all non-gas households use electricity as their primary heating source.
If you don’t require a gas tariff for your home, you can search for separate electricity-only tariffs. When you compare energy prices with Uswitch, we’ll ask if you use gas in your home. If you answer no, we’ll show you electricity-only tariffs that could save you money.
If you use both gas and electricity but want to compare tariffs from different suppliers, you can choose to see these separately by choosing ‘show me electricity plans’ on your results page.
Compare gas only while most households use electricity and will require both an electricity and gas plan, you can also choose to have separate brokers and suppliers or tariffs for each fuel.
There are a number of gas-only suppliers and many standard energy suppliers also offer separate gas-only tariffs.
If you’d like to compare gas tariffs with Energy tariffs, simply run an energy comparison and select ‘show me gas-only plans’ on your results page. You’ll be able to easily compare gas-only plans and dual-fuel tariffs to see which is the best energy deal for you.
If you don’t want to switch energy suppliers, you still might be able to find a cheap gas and electricity deal with an energy tariff. If you haven’t switched energy before it’s likely that you’re on your provider’s standard variable or default tariff, which is typically the most expensive type of plan on offer. You can use an energy tariff to switch to a cheaper energy deal from your current provider if you’re happy with the service but want to save on your energy bills.
We only work with trusted energy suppliers and run a yearly customer satisfaction report so you can see how each supplier performs in a wide range of categories from customer service to value for money, green services to smart meter installation. Click on ‘plan info’ in your energy comparison results and we’ll show you the supplier’s star rating based on real customer reviews. You can also learn more about each of the suppliers we work with here.
The best gas and electricity supplier for you won’t necessarily be the cheapest. You can use Uswitch to filter by what’s important to you, whether that’s a large supplier or one that offers green energy plans.
We also know customer service is important, so we’ve assigned each supplier star ratings based on our energy customer satisfaction report to help you compare energy suppliers, from the well-known ‘big six’ to the smaller suppliers you might not be so familiar with.
The cheapest energy supplier for someone else isn’t necessarily the cheapest for you. That’s why we compare energy suppliers tailored to you to get the best energy deals.
Energy suppliers vary their pricing by region and your bill will also depend on your usage. Different energy suppliers also target different types of household, so some might offer their cheapest gas and electricity deal to a family home with high usage, while someone living alone with low usage might find a cheap energy deal with a different supplier.
Ofgem’s Default Tariff Cap, better known as the energy price cap, sets a maximum rate that suppliers can charge for their standard variable or default tariffs. While this price cap currently stops suppliers charging more than £1,277 on average for standard variable tariffs, these are typically the most expensive type of tariffs and prices can rise when the cap is reviewed twice a year. When the price cap was previously changed in October 2020, the cheapest fixed tariff at that time was more than £200 cheaper than the price cap level. Find out more about the energy price cap in our guide.
If you’re on your supplier’s standard or default tariff, now’s the time to switch energy. If you’re on one of these plans it’s very likely that you can get a cheaper energy deal by switching to a fixed plan. If you’re already on a fixed deal, you might want to wait until you can switch without having to pay any exit fees. This is normally around 49 days before your contract comes to an end. To maximise your savings, it’s a good habit to switch every time your fixed plan is due to end. Not sure when your plan ends? Compare energy prices with us and we’ll let you know if you can switch without exit fees.
To find the cheapest gas and electricity deals you’ll need to shop around once your fixed plan has ended. After your plan’s end date you’ll likely be rolled onto a standard tariff, which is the most expensive type of plan.
If you’ve never switched or haven’t done so for a while, it’s likely you can find a cheaper energy deal in minutes with Uswitch. Simply enter a few details and search for a cheap energy deal.
Energy Tariff
You might not even need to switch away from your supplier to find a cheap energy tariff. Check to see if your current supplier has a cheap gas and electricity deal on offer — the cheapest energy supplier for you could be the one you’re already with.
Your gas and electricity bills are largely dependent on usage, but there are other reasons your bills might have gone up recently:
1. Your fixed price plan ended
A fixed price energy plan protects against price rises. These plans do end though, and when they do you get automatically rolled on to a new plan with different rates. This is often a standard variable tariff or default tariff, the most expensive type of energy plan on offer.
2. Your energy supplier has raised prices
If you’re on a standard variable or default tariff, your energy supplier can raise their gas and electricity prices at any time.
3. Your bills are based on estimated meter readings
Check that your bill is based on actual readings of your gas and electricity meters rather than estimated ones. It’s important to take your own readings so that you get charged accurately. Or consider getting a smart meter, which provides real-time meter readings and can help you monitor your energy usage — you can request one from your supplier or switch to a smart meter tariff.
Which is the cheapest electricity supplier? The cost of electricity tariffs can vary from supplier to supplier and month to month. In general, the cheapest electricity suppliers are British Gas Lite, Energy Tariff. However, it’s important to check all the deals currently available before you switch.
The average electricity rate is 13.19 cents per kilowatt hour (kWh). The average price a residential customer in the United States pays for electricity is 13.31 cents per kWh.
A standing charge is a fixed cost that remains the same regardless of the amount of energy you consume.
A standing charge is used to cover the costs that your energy provider incurs supplying you gas and electricity, for things such as: Keeping your house connected to the UK energy network.
Where can I find my electricity MPAN? Your MPAN is on your electricity or dual fuel bill, usually in a box marked ‘Supply Number’. It’s 21 digits long and begins with ‘S’. You’ll only need the last 12 or 13 digits
Cheapest energy Supplier in the UK.
- SSE
- British Gas Lite
- Valda Energy
- Edf Energy
- Eon Energy
- Positive energy
- Total Gas and Power
- Scottish Power
- Utilitia energy
- OPUS Energy
What’s the best energy supplier for your business?
For more than a decade, Energy Tariff has been helping organisations of all sizes to get the most suitable energy deals. We collaborate with our panel of reliable UK energy providers to ensure you are getting the best rate for your organisation. The array of providers include British Gas BG Lite, British Gas Plus, Crown Gas & Power, EDF Energy, Opus Energy, ScottishPower, Smartest Energy, SSE, TotalEnergies and Yü Energy.
For those with high-energy consumption, we provide extra services like personalised procurement, bill validation, metering and data collection, as well as meter installation on multiple sites. Apart from the well-known, big six energy suppliers, we compare quotes from independent and green energy providers like Corona Engie, Eon, Haven, Hudson, Npower, Orsted, Smartest and Squeaky. To learn more, read our guide on large and industrial business energy.
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Who are the big six energy suppliers?
The six largest energy suppliers in the market, Centrica (British Gas’ parent company), EDF, Eon, Npower, ScottishPower and SSE, are collectively known as the ‘big six’. Whilst the presence of challenger brands is growing, the big six still have the lion’s share of the market. This is partly because they carry more of an air of reliability than other options when it comes to switching suppliers. But, despite their status, there is no guarantee that the biggest of the bunch are the best choice for your business energy.
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What about independent and green energy suppliers?
If you are considering switching away from the big six suppliers, there are many challenger brands available that provide alternatives for companies of any size and in any industry. It can be daunting to switch to a smaller, independent energy or gas provider, but our experts can offer their assistance to put your mind at ease and help you find the most appropriate supplier for your business. These challengers generally can provide more attractive rates and better customer service than the larger organizations. If you are looking to be environmentally conscious, one of the best ways to start is by selecting a green energy supplier. These suppliers use sources such as wind, solar, and hydro for their energy, and they also fund sustainable environmental projects to compensate for any energy created from non-renewable sources. Many of them offer 100% renewable electricity and some even provide ‘green gas’, such as biogas and landfill gas. Speak to our tech-enabled team to learn more.
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What is average business energy usage?
The amount of energy a business utilizes will vary depending on the size of the business, as well as the way and the reasons for consumption. To give you a better understanding of the expected energy use for your company, here are the average figures for small and large businesses: Microbusinesses typically consume roughly 10,000 kWh of gas and up to 15,000 kWh of electricity annually Small businesses generally have an average of 25,000 kWh of gas and up to 25,000 kWh of electricity per year Medium-sized businesses normally utilize 45,000 kWh of gas and up to 50,000 kWh of electricity per annum Large businesses utilize more than 65,000 kWh of gas and more than 50,000 kWh of electricity each year.
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What is an average business energy bill?
The cost of your energy will depend on the type of agreement you have, how and when you consume gas and electricity, and the energy efficiency of your business. The size and location of your place of work will also be a factor. To give you an idea of what you may be paying, the following are estimates based on annual usage:
– Micro Business: £1,174 for gas and £3,223 for electricity (10,000kWh)
– Small Business: £2,288 for gas and £5,485 for electricity (22,500kWh)
– Medium Business: £4,541 for gas and £13,946 for electricity (47,500kWh)
– Large Business: £5,967 for gas and £16,202 for electricity (65,000kWh)
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What support is the government offering for high business energy bills?
Since October 1, 2021, the Energy Bill Relief Scheme has been helping businesses with expensive energy bills. This will be replaced by the Energy Bills Discount Scheme on April 1, 2023. Neither program is a price cap, but instead offers discounts on unit rates for eligible non-domestic gas and electricity contracts signed on or after December 1, 2021, as well as variable, deemed, and out-of-contract rates. The new scheme will be in effect for a year. The discount is given only if the agreed rates are below a certain government threshold; if the rates are lower than the threshold, no discount is given. There is also a baseline rate, which is the lowest the rates can be discounted to, meaning a partial discount may be given if the rates are already relatively low. Therefore, it is still beneficial to compare business energy suppliers to find the best rates, and getting a fixed deal could help protect from further price volatility and avoid rolling onto more expensive out-of-contract rates.
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What is the Energy Bills Discount Scheme?
On April 1, the Energy Bills Discount Scheme will supersede the Energy Bill Relief Scheme. This new government initiative is not a cap on business energy prices, but rather, it will grant discounted unit rates on fixed-price contracts beginning on or after December 1, 2021, in addition to deemed and out-of-contract rates, given they meet the minimum requirement.
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Who is eligible for the Energy Bills Discount Scheme?
The Energy Bills Discount scheme is open to those with a fixed non-domestic energy contract signed on or after December 1, 2021. This includes new fixed-rate contracts, deemed, out-of-contract, and variable-rate contracts. If you are a large business on a flexible purchase or similar contract, you may be eligible for the scheme. It might be worth finding out if your business falls into the Energy Trade Intensive Industries category as the scheme works differently for them. There are some conditions attached, however. If your unit rates are below the government’s minimum threshold, you won’t be able to participate in the scheme. And if not all of the maximum discount is needed to get your rates to the government threshold level, you will only receive a partial discount. For most businesses, the following discount and threshold rates apply: Gas – A maximum of £0.00697 (around 0.7p per kWh) off the difference between the wholesale element of the unit rate you pay to your business gas supplier and the price threshold of 10.70p per kWh. Electricity – £0.01961 (about 2.0p per kWh) off the difference between the wholesale element of the unit rate you pay to your business electricity supplier and the price threshold of 30.20p per kWh. If your business is in one of the Energy Trade Intensive Industries, then the following discount and threshold rates apply: Gas – 4.0p off the difference between the wholesale element of the unit rate you pay to your supplier and the price threshold of 9.9p per kWh. Electricity – 8.9p off the difference between the wholesale element of the unit rate you pay to your supplier and the price threshold of 18.5p per kWh.
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