Compare Business Electricity Rates
Compare Business Electricity Rates?
Compare Business Energy Rates To See How Much You Can Save
Get the lowest business electricity rates by comparing multiple providers in just a few clicks. Start saving on your energy bills today by comparing business electricity rates and choosing the best deal for your company.
Take control of your energy expenses by leveraging our cutting-edge comparison technology, which simplifies the daunting task of navigating through myriad business electricity rate options, enabling you to identify the most favorable tariffs, contract terms, and service packages that align perfectly with your operational objectives and financial goals.
Easily find the most competitive business electricity rates on the market today with our intuitive comparison tool, designed to streamline the process and provide you with comprehensive insights into various provider offerings tailored specifically to your company's energy needs and budget requirements.
With our convenient online resource, you can easily access up-to-date information on business electricity rates, allowing you to conduct thorough analyses and evaluations of various offerings to determine the most cost-effective and advantageous solution for powering your enterprise, ultimately driving profitability and sustainability.
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Compare Business Electricity Rates
Compare Business Electricity Rates
Discover how we meticulously compare electricity business rates for you, leveraging our expertise and advanced tools to pinpoint the most cost-effective energy solutions tailored to your commercial requirements.
Secure The Best Business Electricity Prices
Your switch will be processed within five working days, offering the convenience of completing the process entirely online or contacting our knowledgeable team for assistance.
Select Your Chosen Electricity Supplier
Choose the tariff that best suits your requirements, and rest assured, you have the option to continue with your existing electricity supplier if preferred.
Secure The Best Business Electricity Prices
We're committed to securing the best energy prices for you and ensuring you stay informed by monitoring your renewal date, preventing any contract lapses and potential price increases.
Why Should You Switch Business Electricity?
Why Fix Your Business Electricity Rates?
- Businesses should consider fixing their business electricity rates to provide certainty and stability in their energy expenses, safeguarding against potential price fluctuations in the volatile energy market..
- Amidst a dynamic energy market characterised by significant fluctuations, businesses are seizing the opportunity to capitalise on the lowest electricity rates in two years, making it an optimal time to secure cost-effective energy solutions through our brokerage services. .
- Cornwall Insight forecasts that wholesale prices will maintain stability with minimal fluctuations in the near future. To ensure certainty and stability, numerous businesses are opting to secure their business electricity rates..
- Compare live rates from reputable suppliers on our platform and secure your new tariff today for peace of mind and long-term savings.
Why Choose The Best Energy Rates?
- At The Best Energy Rates our energy brokerage services leverage industry expertise and market insights to negotiate competitive rates with suppliers, ensuring businesses save significantly on their energy expenses
- With our tailored solutions, businesses can streamline their energy procurement processes, allowing for efficient management of energy accounts and optimisation of cost-saving opportunities.
- By partnering with us, businesses gain access to a wide network of trusted suppliers, enabling them to secure the most favorable terms and tariffs tailored to their specific needs.
- Our dedicated team provides personalised support and guidance throughout the energy procurement journey, empowering businesses to make informed decisions that maximise savings and enhance operational efficiency.
What Business Electricity Tariffs Are On Offer?
Fixed Rate Tarrif
Opting for a fixed-rate tariff stands as one of the favored choices among businesses seeking stability in their electricity costs. With this option, you commit to a fixed unit price and standing charge, potentially securing this rate for up to 5 years, contingent upon your provider's terms. Businesses opting for a fixed-rate electricity tariff can effectively manage their budgets and maintain control over their bills, shielding themselves from potential electricity price hikes throughout the contract duration.
Roll Over Tarrif
In the absence of a newly agreed business electricity contract, you might find yourself automatically enrolled in a rollover contract, typically lasting for a fixed period, often one year, and legally binding. Such contracts may feature unit rates that are comparatively higher, potentially hindering your ability to secure more cost-effective rates elsewhere.
Tracker
Tracker contracts for business electricity operate by adjusting your unit rate periodically based on fluctuations in wholesale energy prices, offering businesses the potential to benefit from market lows while being protected from excessive increases.
Variable Business Rates
Opting for a variable rate tariff means your unit rate will fluctuate in accordance with wholesale prices, offering businesses the opportunity to capitalise on potential reductions in electricity costs. Yet, it's essential to note that prices may rise unexpectedly during your contract period. If you're comfortable with price variability, a variable tariff could suit your business needs effectively.
The rate for Variable Business Rate contracts might surpass those offered by fixed-term contracts. However, with a Variable Business Rate, you retain the flexibility to negotiate a new contract at any given point.
Deemed Tarrifs
For businesses without an existing business electricity contract or agreement, they're automatically placed on a deemed rate tariff, which tends to be the most expensive option available. It's considerably cheaper for businesses to transition from a deemed rate tariff and secure a fixed energy contract.
Pass Through Tariff
A pass-through tariff introduces a level of complexity compared to other tariff structures by itemising your bill into fixed wholesale rates and additional rates, such as National Grid levies and network costs, which can fluctuate multiple times annually. These tariffs are typically most beneficial for proactive electricity consumers who actively manage their tariff selections.
LIVE ENERGY PRICES
- We aim to showcase the cheapest business electricity rates from various suppliers across the UK. However, it’s essential to note that pricing may vary based on factors such as geographical location, energy consumption levels, business type, and contract duration.
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- We will illustrate the average price based on an annual consumption of 50,000 kWh per year, offering a clear benchmark for businesses to evaluate their potential energy costs.
- Currently, we focus on presenting the average prices over a three-year period to provide a comprehensive overview of long-term cost savings potential
| Prices added May 2024 for June 2024 start dates fixed for 36 months - Based on an annual consumption 50,000 including our discounted rates! | |||
| SUPPLIER | STANDING CHARGE | UNIT RATE | ANNUAL COST |
| E.ON NEXT | 30.00p Per Day | 24.67p Per kWh | £12,444.50 |
| SSE ENERGY SOLUTIONS | 155.00p Per Day | 26.19p Per kWh | £13,660.75 |
| BRITISH GAS LITE | 65.00p Per Day | 25.94p Per kWh | £13,207.25 |
| VALDA ENERGY | 77.00p Per Day | 23.12p Per kWh | £11,841.05 |
| JELLYFISH ENERGY | 65.00p Per Day | 22.88p Per kWh | £11,667.25 |
| POZITIVE ENERGY | 84.00p Per Day | 22.95p Per kWh | £11,781.60 |
| SMARTEST ENERGY | 58.00p Per Day | 23.84p Per kWh | £12,134.36 |
| OPUS ENERGY | 174p Per Day | 22.78p Per kWh | £12,025.10 |
“It’s important to understand that the prices provided in the table are exclusive of Value Added Tax (VAT) and the Climate Change Levy (CCL), which may apply depending on the nature of your business and its energy usage. Additionally, please be aware that the prices listed are not presented in any particular order of competitiveness. We encourage you to carefully review all terms and conditions associated with each offer and consult with our team to ensure a thorough understanding of the pricing structure and any potential additional charges or fees.”
Is The Cost Of Business Electricity Going Up or Down?
Is The Cost Of Business Electricity Getting Cheaper?
- Business electricity prices have been a prominent concern throughout 2022 and 2023. However, there's been a noticeable trend in electricity unit rates - they've been steadily decreasing..
- We've compiled data comparing the five most affordable business electricity tariffs for each of the past three months, spanning the financial years 2022/23 and 2023/24. The analysis reveals a significant reduction in costs, from slightly over 94p per kWh in September 2022 to just over 22p per kWh in April 2024.
- Projections indicate that prices are likely to remain stable at this level for the foreseeable future. However, it's essential to acknowledge that unexpected changes can occur suddenly, as we've witnessed in the past..
Why Did The Cost OF Business Electricity Go Up So Much?
- In 2022, several factors contributed to the increase in the cost of business electricity in the UK. One of the reasons was that wholesale energy prices experienced significant volatility due to various factors such as geopolitical tensions, supply chain disruptions, and fluctuations in demand. The cost of natural gas, which is a key component in electricity generation, surged to record highs in 2022, driving up overall energy costs.
- Changes in government policies and regulations can also impact electricity prices. For example, increases in environmental levies or changes to energy market regulations can influence the cost of electricity for businesses..
- Global supply chain disruptions, exacerbated by the COVID-19 pandemic, affected various industries, including energy. Delays in the delivery of equipment and materials needed for energy infrastructure projects may have contributed to higher costs and increased electricity prices..
Who Is The Best Energy Supplier For Customer Service?
The Best Energy Rates would like to provide genuine Trustpilot ratings for various energy suppliers, offering transparency and insight into customer satisfaction levels.
Discover the true ratings from Trustpilot for energy suppliers on our platform, helping you make informed decisions based on real customer experiences.
We believe in transparency and honesty, which is why we showcase authentic Trustpilot ratings for energy suppliers, empowering businesses to choose providers with proven track records of customer satisfaction.”
| 10 TRUST PILOT REVIEWS ON ENERGY SUPPLIERS IN THE UK | |||
| SUPPLIER | RATING | TRUST PILOT REVIEW | TOTAL REVIEWS |
| E.ON NEXT |
★★★★☆
4.2 / 5.0 |
CLICK TO VIEW | 72K + |
| SSE ENERGY SOLUTIONS |
★☆☆☆☆
1.2 / 5.0 |
CLICK TO VIEW | 250 + |
| BRITISH GAS LITE |
★★☆☆☆
1.9 / 5.0 |
CLICK TO VIEW | 3.2k + |
| VALDA ENERGY |
★★★★☆
3.8 / 5.0 |
CLICK TO VIEW | 3k + |
| JELLYFISH ENERGY |
★★★☆☆
3.1 / 5.0 |
CLICK TO VIEW | 6 |
| POZITIVE ENERGY |
★★★★☆
4.2 / 5.0 |
CLICK TO VIEW | 5.7k + |
| SMARTEST ENERGY |
★★★★☆
4.0 / 5.0 |
CLICK TO VIEW | 2.1k + |
| OPUS ENERGY |
★★★★★
4.5 / 5.0 |
CLICK TO VIEW | 7.1k + |
| SCOTTISH POWER |
★★★★☆
4.2 / 5.0 |
CLICK TO VIEW | 71k + |
| EDF ENERGY |
★★★★★
4.3 / 5.0 |
CLICK TO VIEW | 79k + |
- Using an energy supplier with good Trustpilot reviews can be crucial for several reasons. Firstly, Trustpilot reviews provide valuable insights into the experiences of actual customers. Positive reviews often indicate reliable service, competitive pricing, and efficient customer support, which are essential factors for businesses and households reliant on consistent energy provision.
- Trustpilot scores can signal trustworthiness and reliability. Choosing a supplier with high ratings reduces the risk of encountering issues such as billing errors, service disruptions, or poor communication, which can be disruptive and costly for consumers.
- Trustpilot reviews offer real-life accounts of other customers’ experiences. Opting for a supplier with consistently positive reviews indicates reliability in delivering the promised service. This reliability translates to fewer disruptions in energy supply, ensuring that your business or household operations run smoothly without unexpected interruptions.
Our energy brokerage website has reviewed 10 energy suppliers in the UK using Trustpilot ratings, with Opus receiving the highest score of 4.5 stars and SSE receiving the lowest score of 1.2 stars.
ENERY SUPPLIES RATED FROM BEST TO WORST ON CUSTOMER SERVICE BASED ON REAL TRUST PILOT REVIEWS
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- Opus Energy (4.5)
- EDF (4.3)
- EON Next (4.2)
- Scottish Power (4.2)
- Pozitive Energy (4.2)
- Smartest Energy (4.0)
- Valda Energy (3.8)
- Jellyfish Energy (3.1)
- British Gas Lite (1.9)
- SSE Energy Solutions (1.2)
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What Costs Make Up Your Business Electricity Prices?
When considering a new commercial electricity tariff, it’s essential to understand the key components that contribute to your business energy bill. While there are various costs involved, two stand out as particularly significant:
Unit Cost: This is the price charged for each unit of electricity your business consumes, typically measured in kilowatt-hours (kWh). The unit cost directly impacts your overall electricity expenses.
Standing Charge: This is a fixed daily fee covering expenses such as maintaining the national grid and transporting electricity to your business premises. While it may seem minor compared to the unit cost, the standing charge can significantly influence your monthly bill.
These two charges constitute the bulk of your business’s electricity expenses and are crucial factors to consider when comparing tariffs.
Additionally, your electricity bill may include other charges such as the Contracts for Difference charge, the Climate Change Levy, and Value Added Tax (VAT). VAT is typically levied at a standard rate of 20%, though certain circumstances may qualify for a discounted rate of 5%. For further details on VAT implications for business energy bills, refer to our comprehensive guide.
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What Other Charges Can Be Expected To Be Seen On Your Business Energy Bills?
Value Added Tax (VAT)
- VAT stands for Value Added Tax. It's a consumption tax that's added to the cost of most goods and services in the UK. VAT is charged as a percentage of the total cost, including any taxes or duties that apply. .
- The current standard rate of VAT in the UK is 20%, but there are reduced rates for certain goods and services, such as domestic energy bills, which are charged at a reduced rate of 5%.
Metering Charges
- Businesses may incur charges related to the installation, maintenance, and reading of electricity meters. These charges can vary depending on the type of metering equipment and the services provided by the energy supplier.
Climate Change Levy (CCL)
- The Climate Change Levy (CCL) is an environmental tax in the United Kingdom that's imposed on businesses and public sector organisations for the energy they use. ..
- It was introduced in 2001 as part of the government's efforts to reduce greenhouse gas emissions and combat climate change. The CCL is applied to most energy sources used for heating, lighting, and power, with some exceptions such as renewable energy sources and certain energy-intensive industries.
Reactive Power Charges
- Some businesses with high power demand or specific types of equipment may be subject to additional charges for reactive power, which is the power used to sustain the electric and magnetic fields of electrical equipment.