You should think about your needs as a business and compare quotes from as many energy companies as you can.
Pick your tariff
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.
How to compare quotes
Get as many different business electricity quotes as possible. 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.
Choose your contract
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.