Are you paying above average for your business electricity? In 2019 businesses paid on average 11.66 p/kWh. If your business is paying over 13 p/kWh it could be time to switch. At Free Price Compare we’ll help you compare business electricity with quotes from the Big 6 and independent suppliers. We’re honest and transparent about the information we provide, helping you to get the best deal for your business.
When it comes to business electricity prices, there are two different charges. The rate you pay will depend on the size of your business and your electricity usage:
It’s important to compare both the unit rate and standing charge when you switch providers. A lower unit rate with a higher standing charge could end up costing you more in the long run. Whatever size your business, when you make a business electricity comparison, you’ll be offered two tariffs:
By fixing your electricity price you’ll protect your business from market fluctuations and make it easier to cover your monthly outgoings. But prices won’t go down if the wholesale price drops.
A flexible price plan means that the amount you pay responds to the wholesale market. Good news if the price falls but not so great when the wholesale price rises. Some flexible tariffs let you switch with as little as 30 days’ notice.
As a business, you won’t be offered a dual fuel option.
Because no two businesses are ever alike, no two contracts are ever the same. But avoid these contracts that can cost you more than the charges you’re currently paying, locking you into higher prices for up to 5 years:
Moved into new premises? Let your current contract end without switching? Then you’ll be put on a deemed contract with business electricity rates typically 80% higher than a negotiated contract.
Received a new offer from your business energy suppliers and can’t be bothered to switch? You could be paying 70-100% more for your electricity on a rollover contract.
At Free Price Compare we can get you the best deal on your next business electricity contract in just a few simple steps.
There are various factors looked at when calculation business electricity unit price and daily standing charges, such as:
If you compare your business electricity unit prices with Free Price Compare, we will also show following contractual information’s:
Energy supplier | Standing Charge | Unit Price kWh | |
---|---|---|---|
Octopus Energy | 27.38 | 13.67 | Compare Now |
BGLite | 28.14 | 13.12 | Compare Now |
Dual Energy | 26.19 | 13.20 | Compare Now |
SSE | 30.22 | 13.58 | Compare Now |
British Gas | 33.21 | 13.38 | Compare Now |
Scotish Power | 31.14 | 13.16 | Compare Now |
TotalGP | 34.55 | 13.92 | Compare Now |
Gazprom | 34.58 | 13.61 | Compare Now |
Opus | 31.00 | 13.72 | Compare Now |
EDF | 25.00 | 14.50 | Compare Now |
Npower | 24.09 | 14.00 | Compare Now |
EON | 30.00 | 13.28 | Compare Now |
The average Standing charge based on a 3 year contract is at 27.24 pence. The average unit rate based on a 3 year contract is at 13.94 pence.
Energy supplier prices correct as of 17/03/2020 and based on a business electricity meter type
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