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UK Energy Supplier Comparison

Whether you are looking to save money on your energy bills or you just want to find a green energy option, comparing business energy suppliers can be quite the task.

With so many different tariffs out there and tailored deals, you may get bogged down with the choice. Which is where we come in.

We have gathered everything you need to know about comparing business electricity tariffs so you can change supplier without all the fuss. From why you should switch provider to the best ways to compare deals

Read on to find out exactly how to switch your business electricity supplier today!

Why Switch Business Energy Suppliers?

One of the biggest reasons you may want to switch energy suppliers is if you feel you can get a better deal elsewhere. As both the gas and electricity field is highly competitive, suppliers will compete to ensure they offer the best price for their services. This may mean you might save money by switching supplier.

Business energy prices aren't the only reason you may wish to switch energy supplier. With so many green options available, another common reason businesses change is that they are looking for a greener option. By switching provider, you can choose one that generates their energy from a greener source.

A lot of business suppliers will also offer unique benefits such as cheaper costs after 6 pm, but what if your business closes at 5? Sometimes the plans they provide may no longer match up with how your business operates, making finding a new energy supplier all that more tempting.

When deciding on a supplier that's right for you, always compare what they provide with what your business truly needs.

How to Compare and Switch Business Electricity and Gas Suppliers

Now you know why you may want to switch energy supplier, but what about how. Most modern businesses require both gas and electricity in some form, so how exactly do you determine which is the right provider for you?

There are many factors you will want to consider when comparing current business gas and electricity suppliers such as the price and how they source their energy. Our business energy experts can help guide you in the right direction by comparing current tariffs for you.

Not only can we compare current deals for you, but our energy experts can also negotiate with any suppliers to find a price that works for you. By comparing deals with some of the biggest supplier, such as British Gas, and newcomers like Bulb, we can guarantee that we will find a deal to your liking.

Once a deal has been found that suits your needs, we will also help make sure that switching to a supplier goes without a hitch. By aiding you in providing the right details, your supply will never be disrupted.

How Much Can
my business Save
by Switching
Energy Suppliers?

One of the main reasons a business will switch energy contracts is to save as much money as possible on their electricity and gas. So it goes without saying, you will want to find the deal that saves you the most, but how much can you save when switching energy suppliers?

Small businesses may be able to save the most as they are typically paying for a contract suited to a larger business. Recent studies have shown that, by switching to a different supplier, a small business can save up to £1,000 a year on their energy bills.

Larger business can also save large amounts on their yearly bill by switching to a supplier that can provide them with a better deal. On average, a typical business can save up to £260 a year on their gas and electricity bills. Whilst this may not initially seem like a lot, it can start adding up pretty fast, especially considering the average business pays an annual bill of £3,000.

Switching to a cheaper tariff that is designed around your business is an incredible way to save your business unnecessary costs at the end of the year. By using our online comparison service you can save yourself a lot of money in the long run!

What Are the Different Business Tariff Options?

When it comes to business energy, there are usually two main types of tariff that you will be able to access.

The two types of tariffs are:


Fixed-Rate Contacts

A fixed-rate contract is a contract that's price won't change for a specified duration. Most fixed-rate contracts will last between 1 to 3 years, but the length is usually negotiated before signing the contract. You will usually get the cheapest rates on a fixed-rate contract, but you will have to stay with the same business energy supplier for a lengthy period.


Flexible Rate Contacts

On the other hand, a flexible rate contract will adapt entirely based on the current market value of electricity or gas. This means the rate will change frequently throughout the entire contract, so whether or not you save is dependant on trends. However, you can a flexible contract means you can leave your current supplier at any time.

Deciding on the right contract for your business is incredibly important as they can play a large role in how much you will pay. Both have their advantages and disadvantages so it can be fairly tricky to decide which one is right for you. Feel free to contact our team of experts and we can help you pick the contract that will meet your business energy needs!

Why is my supplier objecting to me switching?

Your current business energy supplier may be preventing you from switching for a couple of reasons.

Perhaps the most common reason is that you may be in debt with your current provider meaning you can't switch business energy suppliers until you have paid off any outstanding debt.

Another frequent reason why you can't change electricity and gas supplier yet is that your energy contract may still stand. This is due to you being on a fixed-term contract and you still have some time left before the contract ends.

By law, your current supplier must inform of you the reason they are objecting and advise on how you can solve this problem.

Making sure you are up to date with any outstanding energy bills and that your contract is no longer beholden is extremely important. Until either of those issues has been solved, you may struggle to switch energy provider.

Frequently Asked Questions

This depends entirely on the size of your business and how your business operates. Typically, throughout the United Kingdom, the average price an electricity supplier will charge a business is anywhere between £1,900 and £3,000 a year.

Smaller and more economical businesses will be charged less as naturally, they will use a lot less electricity. Typically, you will find that the smaller the business the less they will pay when it comes to their annual electricity bill.

Whether or not a business electricity supplier is the best choice for you depends on a few things. Firstly, a lot of modern suppliers, such as Yü, will offer better deals to microbusinesses and smaller businesses. This means larger businesses would be better looking elsewhere.

The best way to find the best supplier for your needs is to compare business energy providers available within the UK. Take into consideration what their values are and whether they align with your businesses values.

For example, one company may value renewable energy whereas another may be on the lookout for the cheapest business energy deals. Finding the best supplier for you doesn't have to be a struggle, use our online comparison services to determine which provider is best for your business!

There are a few factors that come into play when it comes to determining how long it will take to switch to your new provider. On average it can take anywhere between 3 to 6 weeks to fully transfer your supply from one provider to another.

When arranging the change, try to ensure all the details you have provided, such as meter readings, are accurate and up to date. This will prevent any erroneous details from causing a delay and will help your new provider set up your supply with minimal fuss.

If you are leaving your current supplier before the contract date has ended, you may be required to pay some fairly high exit fees. This means you may want to reconsider switching supplier until your current contract has ended.

However, it may still be worth it if the exit fees combined with the new providers' tariffs combined is still cheaper than your current business energy bills. Always weigh up the costs before switching business energy provider.

As COVID-19 has affected millions of people around the globe, it has taken a massive toll on the energy industry. With so many supply chains slowing down demand, and fewer planes requiring a fuel supplier as they remain grounded - business energy providers have been hit pretty hard.

However, with the end of COVID-19 within sight, suppliers and energy experts have banded together to ensure that the energy business can still provide their customers with regular gas and electricity. One of the biggest changes is that a lot of suppliers are now placing a larger focus on green and renewable sources.

Some of the largest business suppliers in the UK, such as British Gas and Scottish Power are trying to convert their supplies into renewable sources. So although the COVID-19 situation has been devastating, it has highlighted a few areas where improvements could be made for the future.

As long as all the details have been processed correctly and you have supplied your new provider with the information they need - there should be no disruptions to your supply when switching energy provider. Almost all of the work will be completed remotely, which will limit any potential disruptions massively.

The only disruptions that you may face are if you don't provide all the details your new electricity and gas supplier requires. You should always ensure that any potential problems have been solved before the transfer date to limit the likelihood of there being any disruptions.

You don't want your business to suffer due to some misplaced paperwork or incorrect gas and electricity readings.

A supplier will use two measures to determine the price of your business energy tariff. These charges are:

  • Standing Charge: This is the price you will need to pay daily, regardless of your energy usage to access the electricity provided by your supplier. This standing rate will be easy to find on your bills as will be decided on before you agree to any contracts. Most businesses will pay the same standing charge.
  • Unit Rate: This is a measurement of how much you pay per Kilowatt Hour of electricity you will use. For example, if your unit rate is 7p and you use 100 kWh you will be charged £7 for that usage. You will usually receive a different unit rate for night time use and day-time use so always keep that in mind when using electrical appliances.
These are the most common factors used to determine how much you pay either monthly or yearly depending on what you and your supplier have agreed on. When choosing flexible contracts, these rates may change depending on the current market price whereas a fixed tariff will always offer the same standing and unit rates.

More often than not, energy suppliers tend to class charity or non-profit businesses as a small business. This means the charges will be the same as a small business no matter how large it is. However, charities are entitled to a V.A.T reduction of 15% when it comes to their energy supply.

However, a lot of energy suppliers in the UK do not automatically apply this V.A.T discount so you should always alert them to it where possible. If you leave it too long and you are a valid business, then you may need to pay more than you should.

Try to alert your supplier to this before you sign any contracts. If you notice this too late, you should be able to contact your business energy suppliers directly and fix adapt any charges to accommodate for this.

With so many competitive business gas and electricity suppliers out there, it can be hard to find the right one to suit your needs. Below are just a few of the most popular options currently available in the UK for all your gas and electricity needs:

  • British Gas: Ideal for larger businesses looking for a trusted electricity and gas supplier. Perhaps the most popular choice throughout the UK
  • Octopus Energy: A smaller, newer energy supplier whose main focus is on green energy. Perfect for small energy-conscious businesses.
  • NPower: Another big name in the UK energy supply market. One of the largest and highly rated suppliers available.
  • Bulb: Offering adaptive prices that move with the markets, if you don't want a fixed-rate then this is an ideal choice.
  • Scottish Power: Another big name when it comes to electricity suppliers - ScottishPower are ideal for large businesses looking for a standard rate.

There are an incredible amount of business gas and electricity providers, more than just the few we have outlined above. Be sure to compare business energy

Firstly, you should alert your current business energy provider as soon as you can. They will need to transfer your supply to a new building, so the sooner you alert them to your move, the sooner they can set up your gas and electricity supply.