You could cut the cost of your small business electricity bills by getting a plan that charges you less. Compare energy tariffs to see which could help your business save on its electricity.
You should think about your needs as a business and compare quotes from as many energy companies as you can.
You can choose from the following business electricity deals:
Fixed: The cost of your electricity stays the same throughout your contract. It is usually the cheapest option, but you cannot switch until your contract ends.
Flexible: You pay for the energy you need up front, which lets you benefit from low rates if your usage is high. However, you may lose out if prices drop after you buy.
Smart meter: Your energy usage is recorded every half hour and sent to your supplier. This ensures your bill is accurate and you only pay for the electricity you use.
Eco: Your electricity comes from renewable resources, so your business can limit its impact on the environment.
To find the cheapest tariff, you should look at:
The unit price, which is what you pay for each kilowatt hour (kWh) of electricity
The standing charge, which is the daily fee you pay your supplier for service
You can then negotiate with your preferred supplier by telling them about other quotes, or by making a lower offer for the price of your electricity.
Most of the contracts in this comparison last between 12 and 48 months, but you can get some that are shorter or longer. To get the right contract for your business, think about:
How often you want the flexibility to switch
Whether your business is likely to grow
How long you are likely to stay at one location
The price of business electricity tariffs vary, so compare as many quotes as you can to find the most competitive tariff.
Business tariffs are based on your individual business circumstances, so you cannot compare standard prices like you would with your home energy.
Yes, even if you are nearing the end of your contract you will need to give your supplier at least 30 days' notice.
The definition varies but usually depends on turnover, number of staff and energy usage. Speak to suppliers to make sure they can supply your business.
No, business energy companies do not offer dual fuel rates. You need separate contracts for your business electricity and gas.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and it does not affect the deal you get.