- Home
- Compare Energy
- Compare-Electricity
- Compare Gas
- Compare Green Energy
Business Electricity Deals
COMPARE BUSINESS ELECTRICITY PRICES
Compare exclusive business electricity deals in just 60 seconds. We work with a panel of trusted suppliers, so you can switch with confidence.
Transition to a new business electricity plan & save about
£1,067
Switch Squid can easily access great prices from a wide pool of
suppliers.
Thus, now is the best time to compare energy suppliers and discover the best
offers.
Trustpilot gave us an ‘Excellent’
rating
Over £100 million in savings for UK
firms
More than 350,000 switches have been
done
successfully
It’s as easy as A, B, C… to switch with us.
On comparison. In 60 seconds, you can compare the leading offers on
the market
online.
On switching. Make a call or use the internet to make a switch. It’s all up to you;
we’ve
already helped 350,000 people to switch.
On saving. So far, businesses in the UK have saved more than £100m by working with
us.
Spend less on business electricity and save money.
Your company’s survival is dependent on its ability to obtain
electricity.
That doesn’t mean you have to pay exorbitant rates for your company’s electricity.
Switching to
a suitable tariff based on usage is the simplest approach for a company to save
money.
Switching suppliers is viewed as a difficult task by many
organizations.
However, Switch Squid makes the transition simple and cost-effective, enabling your
company to
save a fortune each year.
Because there are hundreds of suppliers on the market, it can be
difficult to
spot the best deals for your firm’s electricity. This is where Switch Squid comes
in!
In a matter of seconds, we weigh various tariff options, providing you
with
direct access to amazing offers. Since everything is online, you can select your
supplier,
pricing, and track your switch from the comfort of your own home.
Experts in the field of business electricity comparisons
From our wide pool of business electricity providers, you can get
amazing
deals that can save you money.
With Switch Squid, it’s quite easy to discover the best energy deals
available. As a result, we can offer assistance in switching your company gas and
electricity
suppliers at the same time. In just a few minutes, you can find the greatest deals using
our
comparison tool.
Learn why we’ve become the go-to company for businesses trying to find
more
affordable power deals:
We've done
More than 272,872
Business Electricity
transfers
Our customers have cut
More than £78
Million in costs.
Our customers
About £1,067
save
As of April 2021, 272,872 power meters had been switched, resulting
in a
total savings of £78 million.
Since its establishment, Switch Squid has enabled its clients to save
about
£1,067 by changing electricity. This information was gathered in July of 2021.
What are the different tariff types in the energy
industry?
Comparisons of business electricity plans can be challenging because
there is
more to consider when determining which plan is best for your company. You must evaluate
how
your business consumes energy, how much it will cost, the size of your firm, and whether
you
have several locations, to determine which business electricity rate will give the most
bang for
your buck.
Each tariff type has its own set of advantages, ranging from fixed
costs over
a certain period to renewable energy. As a result, it’s crucial to thoroughly evaluate
business
energy tariffs, which will assist you in identifying the most cost-effective
tariffs.
Switching with Switch Squid also comes with expert advice on which
tariff type
is appropriate for your entity’s needs.
What are the different tariff types in the energy industry?
Business energy rates explained
One of the most common types of business electricity tariffs is a
fixed
rate tariff. When you sign up for this type of tariff, you agree to pay a
predetermined unit
price as well as a standing charge. Depending on your energy provider, you may be
able to
lock in this price for a couple of years, up to five years in some cases.
Businesses that wish to have full control over their bills and
budgeting
can benefit from a fixed-rate electricity tariff since they are shielded from rising
electricity prices.
Switch Squid enables you to select the ideal electricity tariff
and
supplier for your firm. With our reputable electricity supplier network, you can
obtain a
fixed-term rate for 12, 24, 36, 48, or 60 months with a switching window up to a
year ahead
of time.
Business Electricity rates according to size
Whereas business energy rates are heavily influenced by a variety
of
factors such as usage and location of the entity, the following are the typical
business
electricity prices per kWh by size in the UK:
| Size of the business | Yearly usage | Unit price/kWh | Standing charge | Yearly bill |
|---|---|---|---|---|
| Micro | 8,000 kWh | 16.74p | 27.4p | £1,439 |
| Small | 20,000 kWh | 14.83p | 26.83p | £3,064 |
| Medium | 40,000 kWh | 13.68p | 26.41p | £5,568 |
| Large | 80,000 kWh | 12.93p | 26.20p | £10,439 |
| Size of the business | Micro |
|---|---|
| Yearly usage | 8,000 kWh |
| Unit price/kWh | 16.74p |
| Standing charge | 27.4p |
| Yearly bill | £1,439 |
| Size of the business | Small |
|---|---|
| Yearly usage | 20,000 kWh |
| Unit price/kWh | 14.83p |
| Standing charge | 26.83p |
| Yearly bill | £3,064 |
| Size of the business | Medium |
|---|---|
| Yearly usage | 40,000 kWh |
| Unit price/kWh | 13.68p |
| Standing charge | 26.41p |
| Yearly bill | £5,568 |
| Size of the business | Large |
|---|---|
| Yearly usage | 80,000 kWh |
| Unit price/kWh | 12.93p |
| Standing charge | 26.20p |
| Yearly bill | £10,439 |
-
A specific Account Manager for your account. He/she is solely responsible for everything to do with your account. Throughout the process of switching, your dedicated account manager will be accessible to assist you.
-
A simple and stress-free service. You can sit back, relax, and save since the switch will be managed for you.
-
Special offers and deals. You will have access to the finest business power rates on the market if you compare with us.
Energy tariff for your business
Reliable business energy offers
See how much you could save on your energy
bills...
Switching to a more cost-effective electricity
deal is much easier now!
Make a quick comparison of electricity suppliers:
We collaborate with a large number of business electricity providers
to make
comparing pricing simple and quick.
In a matter of seconds, you can get electricity quotes:
It is as simple as inputting your postcode and current supplier
details in our
comparison engine to see your exclusive business electricity rates.
Switching has never been easier:
Choose the best offer for you, and we’ll handle the negotiations with
your
suppliers. There’s nothing to be worried about!
Dedicated account management:
From the point of switching to renewal, we’ll take care of everything
and make
sure that you are never charged highly for your company’s electricity again!
Business Electricity rates, according to various
suppliers
Several suppliers of business electricity provide lower rates for long
energy
contracts. Despite lower electricity prices, the wholesale market price fluctuates
regularly.
This means that company electricity rates could be cheaper or more expensive at any
time. This
must be taken into account while deciding on the best electricity package for your
company.
Before committing to a fixed-rate contract, compare commercial
electricity
suppliers to verify that you’re getting the best offer. This guarantees that you’re
getting the
best rate for your company depending on its energy usage.
Do you want to stick with your current business electricity
provider?
To save money, you don't always have to change suppliers. Comparing
costs is
the best approach to find out whether you can obtain a better deal with your current
supplier.
Request a quotation right now to see how much money you can save!
Accurate rates for business electricity
Our goal at Switch Squid is to make finding affordable
business
power quotes as easy as possible.
To begin comparing electricity rates for businesses, all
you need
is your company’s address and contact information.
It’s necessary to have a copy of your most recent bill is
helpful
as it will assist in obtaining a more reliable quote.
Why it is important to have a copy of your
electricity
bill
-
It will provide supplier information.
-
It will provide accurate details about how much your current monthly bill is.
-
It will avail you with information on your existing power consumption and the unit rate (kWh)
-
It will provide you with your MPAN number (supplier number)
Why it is important to know your current unit per
kWh
-
It is beneficial to be aware of your current energy consumption. Finding out whether you pay a standing charge can enable you to get a more reliable price. A recent electricity bill will show you your kWh.
-
Energy companies utilize the kilowatt-hour (kWh) as a unit of measurement. It calculates the amount of energy you use every hour.
-
A standing charge is an amount of money levied for obtaining electricity daily. This fee also covers the expense of maintaining your energy connections.
Prices are determined by a variety of criteria,
including the
type of business, current usage, and place of business. At the time of
the
sample, the prices were accurate. However, they can fluctuate
daily.
MPAN explained
MPAN is an abbreviation for Meter Point Administration
Number.
It is sometimes referred to as S Number or Supply Number. This 13-digit
number
is unique to your premises, and it will be used by energy providers to
compute
your electricity costs. On your electricity bill, it’s usually written
like
this:
A profile type number will be assigned to your MPAN
number.
This number informs energy providers about the type of commercial firm
you run,
making switching faster and the administration process for your new
supplier
simpler.
Moving business property
Business energy contracts are attached to the supply point
– not
the business owner. This means that if you are moving business premises,
there will
be no penalty fee for ending your contract early.
What to do if you’re moving business
premises:
-
It will provide supplier information.
-
It will provide accurate details about how much your current monthly bill is.
-
It will avail you with information on your existing power consumption and the unit rate (kWh)
-
It will provide you with your MPAN number (supplier number)
How to set up a new electricity contract at
your new
business premises
-
Take meter readings as soon as you access your new premises
-
Your new premises will most likely be on a deemed contract, so it’s essential that you compare electricity prices as soon as possible and secure the right electricity deal for your business is.
-
Give your new electricity supplier your meter readings and confirm the date you moved in to ensure you’re charged correctly for your energy usage.
What you need to do if your electricity
contract is
due to end before you move premises
If you are going to move business premises but
your
electricity deal is up for renewal before you move, it’s important
that you
still set up a new deal – especially if you have a few months left
on the
premises contract. If you don’t
find a new deal and you go out of contract and continue to use
electricity,
you will be placed on what’s known as a deemed contract. This means
you
could be charged higher rates per kWh.
The quickest and easiest way to make sure you
avoid high
business electricity prices is to switch to a new deal as soon as
possible.
Our business comparison engine makes the entire process very quick
and easy
and our team of energy
experts will take care of all the details for you, so you can focus
on your
business instead of your bills.
Then, when the time comes for you to move out,
simply call
your energy provider and let them know. Remember, energy contracts
are
attached to the premises, not the business owner or bill payer;
therefore
you will not be charged a
penalty fee for ending your contract early.
What is a deemed contract?
When you set up a new electricity contract with
your
supplier, you both agree to a number of terms, such as how much you
will pay
per kWh of electricity used. If you continue to use electricity when
this
contract ends and you do not
renew with your supplier or switch to a new deal, the supplier can
now place
you on a deemed contract (also referred to as a default contract)
and charge
you their ‘deemed rates’. This means your bills will be
significantly higher
— in
some cases, it can be as much as 80% higher than rates charged in an
agreed
contract, as reported by Ofgem.
How to cancel a deemed contract
The good news is that there are no cancellation
fees and
only a 30 day notice period on deemed contracts so you can switch to
a
cheaper electricity deal at any time. However, it’s important to
remember
that switching can take a number
of weeks, so if you continue to use electricity during this time,
you will
still pay the deemed rates until your new contract goes live.
Discover more in our helpful article: Guide to
Energy and
Changing Tenancy.
Multiple-site quotation
If your business operates across multiple sites, we
understand
that comparing prices may seem a little complex, but we can help simplify
the
process.
Right now, online energy comparison services can only
provide
individual quotes per meter. That’s because energy prices can differ
depending on
where your business is located and the size of your premises.
Types of meters
Household Vs. commercial electricity
FAQs about Business Energy
The following is a list of commercial energy
providers?
-
British Gas Lite
-
British Gas
-
Dual Energy
-
EDF
-
EON
-
Gazprom Energy
-
Npower
-
Octopus Energy
-
Opus
-
Scottish Power
-
Total Gas & Power
-
Utilita
How much money would I be able to save if I
switched my
business?
On average, our customers save 40% when they switch
electricity,
though this can vary depending on your usage, location and length of
contract.
The quickest way to compare electricity prices is to use
our comparison engine. Simply enter your postcode and your electricity usage
and we’ll return accurate results in less than 60 seconds.
Do prices of electricity vary?
My business is about to relocate. Is it still
worth it for me to move to a lower-cost deal?
What is the time frame for switching electricity
suppliers?
Will my power be switched off if I change to a
different electricity supplier?
Is there a difference in business electricity
pricing by region?
Yes – you will find that there are regional variations in
business electricity rates, so prices will change from region to region.
There are a number of factors that influence these variations,
including:
-
How many suppliers sell energy in that region
-
The number of suppliers that buy from the generators in that region
-
The charges local distribution networks put onto your energy supply
What is MPAN?
MPAN stands for Meter Point Administration Number (also
known as a Supply Number or S Number). This 13-digit number is unique to
your property and energy suppliers will use it to calculate your electricity
rates.
Your MPAN number will also have a profile type number.
This number tells energy providers about the type of commercial business you
operate, which makes it easier for you to switch as it and simplifies the
administration process for your new supplier.
Is it possible to terminate my business
electricity before the contract ends?
If you simply wish to leave your contract early because
you want to switch to a cheaper electricity tariff, then you could be liable
to pay an early exit fee on your contract.
It’s always worth weighing up whether this is financially
feasible before switching.
You can shop around and secure a cheaper deal up to 12
months before your contract ends. This means you can lock into an incredible
deal and enjoy great savings when your contract ends.
If you wish to cancel because you are moving premises,
there will be no early exit fee or penalties to pay. This is because energy
contracts are attached to the premises, rather than the account
holder.
Gas & Electricity
The Switch Squid brand is © 2023 of Switch Squid Ltd. UK
Registered
13332631
Design & Development by Switch Squid.