Business Electricity

Electricity is a major cost for many UK Businesses, and securing the right tariff can make a significant difference. Review, compare and secure competitive options from our panel of trusted suppliers.

Our process

Review

We start by understanding your current contracts, usage and key dates so we’re clear on exactly what’s happening with your energy.

Compare

We compare options from our panel of trusted suppliers and present your options clearly, so you can choose the best solution for your business.

Secure

Once you’re happy, we manage the paperwork and supplier communications from start to finish, keeping you updated along the way.

Ongoing Support

We stay in touch, remaining on hand for any additional support. We’ll remind you of upcoming contract renewals and provide clear options when the time comes.

What do we need to get started?

Complete an LOA 

A Letter of Authority (LOA) allows us to liaise directly with your current energy supplier on your behalf, from this we can obtain your meter numbers, usage and key contract dates, allowing us to compare energy tariffs from our panel of suppliers accurately for your business.

Don’t worry — this doesn’t tie you into anything. You’re not contractually bound to use us and there’s no obligation to proceed with any quotations we provide.

Send us a recent bill

Alongside the LOA send us a copy of a recent bill.

LET'S GET STARTED

Considering Green Energy for Your Business?

Whether you’re looking to compare green energy tariffs alongside standard options, or prefer a fully renewable solution, many suppliers now offer 100% renewable electricity

As the energy market continues to evolve, businesses have access to a wider range of green energy options, with pricing becoming increasingly competitive. Choosing a renewable electricity tariff can be a positive step towards reducing your carbon footprint and supporting your wider sustainability goals.

How we can help

  • We manage the supplier communications, comparisons and paperwork on your behalf, helping simplify the energy procurement process and saving you valuable time so you can focus on what you do best.

  • Review, compare and secure energy contracts from our panel of trusted suppliers, helping you find competitive options that suit your business.

  • Benefit from industry expertise, independent supplier comparison and clear, straightforward guidance designed to help you make confident energy decisions.

Tariff Types

  • A fixed rate tariff is one of the most popular business electricity tariff options. With a fixed rate tariff, you agree to pay a fixed unit price and a standing charge. This price can be locked in for up to 5 years, depending on the supplier. It offers rate certainty, protecting your business against possible market increases and allowing you to maintain control and budget easily.

  • A variable rate tariff means your unit rate will track wholesale prices and other costs, changing accordingly. This can be a good option for businesses who want to take advantage of any potential reductions in business electricity prices. It is important to note, if wholesale prices or other costs increase, so will your rate.

  • If you fail to sign a contract with a supplier before your current contract ends, you'll likely be placed on an out of contract rate, this is typically one of the most expensive tariffs available.

  • Businesses that have never taken out or agreed to an electricity contract are placed on a deemed rate tariff. These are often the most expensive rates and usually implemented when a business takes over a new premises.

  • Large consumption organisations may prefer to purchase all their electricity supply in advance. Doing this will give businesses access to wholesale market rates, bypassing some of the retailer costs and giving you complete knowledge of expenditure.

Some of the more common tariff types are explained below.

Understanding your business electricity bill

  • this is a daily fee paid to your business electricity supplier to cover the ongoing costs of delivering and maintaining your electricity supply. The charge remains the same regardless of how much electricity your business uses. For example, with a standing charge of 35p per day, you would pay approximately £127.75 per year (0.35 × 365 days).

  • The cost of each kilowatt hour of electricity your business uses. For example, if your agreed fixed unit rate is 27p per kWh and your business uses 10,000 kWh of electricity per year, you can estimate your annual electricity cost by multiplying 0.27 by 10,000, which equals £2,700. Keep in mind that this figure only covers the unit rate.

    You will also need to factor in additional costs such as standing charges, VAT and any other applicable fees. Depending on your meter type and contract structure, you may be charged different rates at different times.

In addition to standing charges and unit rates there are some other costs which make up your bill, some of the key ones are explained below.

  • Business electricity is typically charged at the standard 20% VAT rate. Some organisations, such as Charities, NPO’s or low-usage sites, may qualify for a reduced rate depending on eligibility.

  • The Climate Change Levy is a government environmental tax applied to electricity used by businesses. It appears as a separate charge on your energy bill.

  • Distribution Use of System charge covers the cost of maintaining the local electricity distribution network infrastructure including the cables, substations, poles, and transformers. It varies based on usage and should be clearly shown on your bill.

  • The Transmission Network Use of System charge pays for the cost of maintaining the electricity transmission network in England, Wales, Scotland, and offshore and prices are based on usage and time of year.

Frequently Asked Questions

  • Many factors impact the commercial electricity tariffs you can secure for your business. The main variables that affect the price you pay for your electricity supply are:

    • Wholesale prices

    • Annual consumption

    • Location and size of the business premises

    • Credit ratings

    • The sector the business operates in

  • Key factors to consider:

    • Pricing and how potential savings or price increases will impact your business

    • Contract terms and tariff type

    • Customer service and supplier reputation

    • Renewable energy and sustainability goals

    It’s important that these factors are aligned with your business’s needs. That’s why we always start by taking the time to understand your business’s specific energy requirements before providing the best suited options.

  • Switching should not interrupt your electricity supply — your metering stays the same with only the supplier and billing changing.

  • Under Ofgem’s Faster Switching Guarantee, your switch should take no longer than five working days once you’ve selected your chosen tariff. If you’re still in a contract with your existing supplier and switch during your renewal window, your new contract will typically start the day after your current agreement ends.

  • The date your contract comes to an end can usually be found on a recent electricity bill.