Energy tariff is here to help you save money – no catches! We’re a completely free, independent, and impartial comparison service that will help you find the very best business electricity suppliers deals in your area.

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Comparisons based on the latest business electricity suppliers

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Expertise and advice from business electricity suppliers

When looking for the best business energy tariffs, it’s worth knowing what rates similar-sized businesses are paying for their gas and electricity.

To find out what the average business gas & business electricity prices per kWh are in 2023, check out the table below:

Latest business gas rates in 2024

Latest business electricity rates in 2024

When it comes to comparing business electricity suppliers, there are several key factors to consider. These include the supplier’s reputation, customer service, pricing structure, contract terms, and additional services offered. To simplify the comparison process, it is advisable to create a spreadsheet or use an online comparison tool that allows you to input your business’s specific requirements and compare multiple suppliers side by side.

Start by researching and shortlisting several reputable business electricity suppliers. Look for suppliers that have experience working with businesses in your industry and size range. Once you have a list of potential suppliers, gather information on their pricing structures, contract terms, and any additional services they offer. Consider reaching out to each supplier directly to discuss your specific requirements and obtain personalized quotes.

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’. While 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 is the best choice for your business energy tariffs.

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Finding the best energy tariffs consultant in the UK is essential for businesses looking to optimize their energy costs and ensure they are on the most advantageous energy tariffs available. These consultants specialize in navigating the complex landscape of energy tariffs, ensuring that businesses benefit from their expertise in identifying the most cost-effective and suitable energy tariffs. By leveraging the knowledge and experience of a reputable energy tariffs consultant, companies can ensure they are not missing out on more competitive energy tariffs that could significantly reduce their operational expenses.

A top-tier energy tariffs consultant will meticulously analyze a company’s specific energy consumption patterns and needs, offering personalized advice on the best energy tariffs to switch to. This thorough approach helps businesses to not only find but also maintain access to the ideal energy tariffs for their unique circumstances.

An excellent energy tariffs consultant will also keep businesses informed about new and emerging energy tariffs, providing guidance on when it might be advantageous to consider switching energy tariffs again. In the dynamic and often volatile energy market, the insight provided by a proficient energy tariffs consultant can be invaluable, enabling businesses to stay ahead of changes and capitalize on the most cost-effective energy tariffs.

In today’s world, the importance of renewable energy in business electricity cannot be overstated. As businesses strive to become more sustainable, choosing a supplier that offers renewable energy tariffs can make a significant impact. Renewable energy sources, such as solar and wind power, are not only environmentally friendly but also offer long-term cost savings.

By opting for renewable energy, businesses can reduce their carbon footprint and contribute to a greener future. Additionally, many customers and stakeholders value companies that prioritize sustainability, which can enhance your brand reputation and attract environmentally conscious consumers.

The cost of your energy tariffs will depend on the type of agreement you have, how and when you consume gas and electricity, and the energy tariffs 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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Energy Discount Scheme Eligibility and Conditions

The eligibility for the energy discount scheme is open to those with a fixed non-domestic energy contract signed on or after December 1, 2021. This encompasses new fixed-rate contracts, deemed, out-of-contract, and variable-rate contracts. Large businesses on a flexible purchase or similar contract may also qualify for the scheme. It is important to determine if your business falls into the Energy Trade Intensive Industries category, as the scheme operates differently for them.

Conditions and Thresholds

• If your unit rates are below the government’s minimum threshold, participation in the scheme is not possible.
• If the maximum discount is not entirely needed to bring your rates to the government threshold level, you will only receive a partial discount.

Discount and Threshold Rates

For most businesses, the following discount and threshold rates apply:

• Gas: A maximum discount of £0.00697 (approximately 0.7p per kWh) off the difference between the wholesale element of the unit rate paid to your business gas supplier and the price threshold of 10.70p per kWh.
• Electricity: A discount of £0.01961 (about 2.0p per kWh) off the difference between the wholesale element of the unit rate paid to your business electricity supplier and the price threshold of 30.20p per kWh.

If your business is classified as 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 paid 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 paid to your supplier and the price threshold of 18.5p per kWh.

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