Compare Business Electricity Prices
How Business Electricity Pricing Works
Business electricity prices and plans are calculated and set up differently to domestic ones.
The first thing to remember is that you don't have to use the same supplier for both your business electricity and gas supply – although you may be able to use this to secure a better price.
Business electricity unit prices may be cheaper than domestic ones because of the amount of electricity used, but most business customers pay a higher rate of VAT.
Business electricity rates are based on your business size and electricity consumption. It may be calculated on a fixed or a variable rate tariff and will be based on a unit rate per kWh.
Choose The Best Energy Supplier
With wholesale prices climbing like never before, there's never been a more important time to consider more than just price when selecting your energy company. Our research can help you find the best gas and electricity firm for you when switching is back on the cards.
Which Electricity Supplier To Choose?
When it comes to selecting which electricity supplier will best suit your specific needs, there are a number of factors that you should consider before you sign up and become tied into a tariff with one supplier. This is particularly important for businesses, as corporate electricity contracts tend to be fixed-term, meaning you will be unable to switch to a new provider once you have signed a contract until that deal naturally expires.
Before researching deals and comparing the market, you should first consider the following variables:
- How much electricity (in kWh) does your home/business typically use?
- When in the day does your home/business consume the most electricity?
How Long Does Switching Your Business Electricity Supplier Take?
Switching your business energy supplier is a straightforward process for you & usually takes between 4 and 6 weeks to complete. Its important to make sure you are not still in contract with an existing supplier & you provide the details asked for by the new supplier to make sure there are no delays in changing the service over.
How Does Switching Work For Business Customers?
As with domestic switching, the new electricity provider takes care of organising things, so you should be able to give them a few details and leave them to it. The switch should take around two to three weeks, according to figures from Ofgem, the Government regulator for electricity and gas markets. During the switchover, there’ll be a continuous supply of energy.