Thinking of switching business energy?
Searching for a business energy supplier is about much more than simply finding the best price for gas and electricity.
Customer service, energy provenance, terms and conditions and many other factors play a part in establishing which provider will be right for you.
This article aims to answer, as comprehensively as possible, every question you may be facing with regards to making your choice.
It is updated regularly, so that the information on business energy prices is accurate and credible.
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Businesss tend to be less price conscious than the domestic energy market, sticking with the same supplier year in year out without realising how much they could save.
It’s worth understanding how commercial energy tariffs are established. When you apply, these are the factors which will be considered:
- Your business credit rating
- Business size
- Your Business type (whether you’re a sole trader or limited company, for example)
- Which business sector you operate in
- Energy consumption
Types of Business Energy Contract
The commercial energy sector offers three key types of contacts.
They are as follows:
- Rollover contract – This type of contact is automatically renewed until it’s cancelled. Our experience tells you this is less likely to give you the best deal.
- Fixed-term energy contract – This means you agree on a price which is then fixed for an agreed duration
- Deemed rates – these energy tariffs usually apply to businesses that have just arrived in a new property. They are often expensive.
Who is the Cheapest Business Energy Supplier?
There is no simple answer to this question since the playing field for commercial energy is intensely competitive and prices subject to continual fluctuation.
If there’s one point we’d like you to take from this article is that the cheapest tariff may not be the best. The best energy deals are not merely about the lowest price, so bear this in mind when you compare prices.
Different gas and electricity suppliers will offer longer contracts, fixed or flexible terms, broader payment options, or customer service which could make all the difference if you need to speak with someone promptly.
Here is a complete list of the commercial energy providers in the UK.
- AVRO Energy
- Better Energy
- Bristol Energy
- British Gas
- British Natural Gas
- Cardiff Energy Supply Limited
- Clear Business
- Corona Energy
- Dong Energy
- Dual Energy
- E Energy
- Economy Energy
- Energy SW
- Extra Energy
- Fairer Power
- First Utlity
- Flow Energy
- Future Energy
- GB Energy Supply
- Gazprom Energy
- Go Effortless Energy
- Good Energy
- Green Energy
- Green Star Energu
- Haven Power
- ISupply Energy
- Iresa Limited
- LoCo2 Energy
- M&S Energy
- Octopus Business
- Opus Energy
- Peterborough Energy
- Places for People Energy
- Robin Hood Energy
- SO Energy
- Sainsbury’s Energy
- Scottish Power
- Simple Gas
- Smartest Energy
- Southend Energy
- The Cooperative Energy
- The Utility Warehouse
- Woodland Trust Energy
- Zog Energy
Which is the Best Electricity Supplier for a Small Business?
With Brexit plus the Coronavirus to contend with, small businesses have never had it tougher.
Taking time to find the best business energy prices is therefore an essential way to make sure you’re not spending more than you need to.
As such you’re going to need an energy provider which combines a competitive energy tariffs, decent customer service and a reliable service.
A middle ground of these factors, combined with flexible contracts to offer mean a handful of providers stand out as being the obvious choices.
In addition, green energy credentials ranks as a choice more and more businesses consider deeply important as the global climate crisis deepens.
All of these firms are authorised and regulated by the Financial Conduct Authority so they’re totally safe to use.
While the list which follows is by no means set it stone, here are some providers we’re delighted to recommend.
(1) Love Energy Savings
Since Love Energy is our chosen partner for the comparison of business energy quotes, it’s no wonder we should list them first. But for good reason.
Unlike the others on here, they’re not actually in the business of creating energy themselves. Rather, their comparison software allows for easy comparison of which providers might be right for you.
We like them because they:
- Are Always transparent
- Are Extremely convenient
- Put Customer Service First
- Make it very easy for you to switch business energy
With competitive prices, no exit fees and sensibly termed contracts, Bulb are a provider we love. Best of all, they offer 100% renewable electricity and 100% carbon neutral gas as standard to all customers.
They’re a new breed of tech savvy energy company so their website and APP is slick and highly intuitive. Monitor your energy usage moment to moment from your phone. Type your metre reading straight in to your phone to receive accurate monthly bills.
Their customer service is excellent too and a huge focus of the company. You will find yourself speaking to an actual human fairly rapidly if you try to call them, which is more than can be said for many of their competitors.
Now the UK’s biggest green energy supplier, their power is sourced from hydro-electric, solar and wind, plus their gas boasts 100% carbon neutrality. They also make it extremely simple for you to switch business energy to them.
(3) Utility Warehouse
Another of the new breed of energy providers, Utility Warehouse comes with a simple USP; they can take care of all your utilities via one easy bill.
So that means energy with broadband, phones and even insurance thrown in too.
They also guarantee to beat the rates of the Big Six Energy providers meaning their rates are competitive.
Their business model offers more savings to those who become ‘Gold Members’ which means further discounts plus a £200 contribution towards any termination fees your existing provider might impose.
Which is the Best Energy Comparison Site?
Where is the best place to get a cheap business gas or electricity deal?
All of the business energy comparison websites, including Business Expert, make money via referring business to the energy suppliers and receiving a small commission.
We have worked hard to make Business Expert is the best comparison website via the following methods:
- Complete transparency
- Continually updated information
- Focus on user experience
- Including as many suppliers as possible
- Independent and Unbiased
- Our mission is to make comparing and changing energy suppliers as simple and secure as possible
What is a Good Rate for Business Electricity?
A typical electricity price for a business with average consumption would be 13p to 30p per kWh, based on 2020 prices.
Higher consumption will obviously mean lower rates. Green tariffs often mean a higher price in addition.
In addition to the cost per KWh, it is also important to factor in the ‘standing charge’ which is an amount charged per day which covers the costs of getting the electricity or gas to you.
Typical electricity standing charges vary even more widely than the price per KWh, falling between 27p per day and 1.59 according to our latest analysis.
Who is the Best Business Energy Supplier?
The ‘best’ business energy supplier is the one that meets your particular needs most appropriately.
Our criteria for this includes:
- Customer Service – how quick are they to respond to telephone enquiries or support emails
- Price – Are they price competitive?
- Transparency – Are there hidden charges? Is information clearly available on their website about everything from business practices to supply chain?
- Green Credentials – As climate changes worsens, we value energy providers who offer sustainable power options beyond fossil fuels, as well as running their business sustainably
- How easy do they make it to switch business energy from your current supplier?
Renewable Energy Suppliers for Business
Green Energy is the fastest growing area of the sector with multiple players now vying for the renewable energy market in the UK.
All of the big suppliers now offer their own Green Tariff, while smaller specialist providers cater to those who want the ultimate level of ecological credentials. when it comes to their energy consumption.
In fact, for Millenials and Gen Z’ers in particular, sustainability is one of the key metrics by which they choose suppliers.
Here are the key UK Green Energy Suppliers at the moment:
- Dong Energy
- Engie (GDF Suez)
- F & S Energy
- Good Energy
- Green Energy UK
- LoCO2 Energy
- Octopus Energy
- Smartest Energy
- Total Gas & Power
- Vayu Energy
Why is Business Energy So Expensive?
Businesss energy is more expensive, especially for smaller companies, than domestic.
Climate Change Levy
In addition to VAT at 20%, business energy is subject to the Climate Change Levy (CCL) which is 0.188p per kWh for gas and 0.541p per kWh for electricity.
The Climate Change Levy does not affect the standard charges but only the units/ kWh used.
Ths Levy is party intended as a strong incentive for businesses to make themselves more energy efficient.
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