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Fixing your business energy prices at the right time can be challenging in itself. Add in finding the right tariff, contract length and supplier - it can become a little overwhelming.
We exist to make finding competitive business energy prices easy. You could say that you will become a switch whiz.
It’s easy to compare the latest business energy prices. Our powerful comparison tool allows you to find business gas and business electricity tariffs from trusted commercial energy suppliers in 30 seconds. You can switch entirely online.
We make the process of comparing the latest business energy prices as simple as possible. We offer expert service to businesses of all sizes in every sector imaginable.
All you need to get started is your postcode and you can view the latest energy prices online. Once you’ve chosen the right tariff for you, our team will handle the entire switching on your behalf.
We’ll be on hand to provide any specialist advice you need to make sure you get the most out of your energy supply. When you switch with us, you’ll even receive updates when your contract is coming to an end to keep you on the best business energy rates available.
Going it alone when comparing business energy suppliers can quickly become time-consuming. With SwitchWhiz, you can switch to a new deal in 3 simple steps.
Step 1 - Enter your postcode into our online comparison engine
Step 2 - Select your tariff from our panel of trusted energy suppliers
Step 3 - We’ll take care of the rest to complete your switch
We work a panel of 12 trusted commercial energy suppliers that can offer some of the most competitive business energy rates on the market. Business energy suppliers on our panel that cater these customers include:
Customers that have a half-hourly meter (00 profile in their MPAN number) installed can also switch to the below business energy suppliers on our panel:
When comparing business energy contracts, it’s worth asking yourself a few questions.
The main considerations are:
Let’s break these down for you.
Don’t be fooled by the headline unit rate - business energy tariffs include a daily standing charge. Consider this cost when comparing business energy prices and ensure you’re saving money with the unit rate and the standing charge combined. You can do this by calculating the annual cost of your energy tariff (you’ll need to know how much energy you used in the previous year):
(Annual Energy Consumption × Unit rate (p per kWh)) +(365 × Daily Standing Charge)
You’ll need to calculate this separately for an annual electricity bill and a business gas bill. You can compare your existing tariff with your chosen tariff using this, and from there you will see if the new tariff benefits you in the long run.
There are a few tariff types that you can choose - and each has its merits. But you need to be sure that your usage patterns are suited to the type of tariffs on offer.
Fixed tariffs offer the benefit of stability and predictable bills, but if wholesale prices drop during your contract, you will be overpaying until your renewal window opens again.
Variable tariffs follow the price of wholesale prices, so you can pay low energy rates compared to customers on fixed prices. However, during an energy price when wholesale price surge, you may get caught off guard by high energy bills.
Deemed contracts often have high unit prices, but they are on a rolling contract of 28 days - so you are free to switch suppliers and not wait months, sometimes years, for a renewal window.
Multi-rate tariffs offer different rates at different times, so if your energy usage is high during the cheap periods, then this type of tariff is suited to you.
No standing charge tariffs are not always on offer, but when they are it means you do not pay the daily standing charge. The downside is the unit price will make up for this saving - so consider your usage pattern. If your premises do not use energy every day, then this tariff type makes sense.
Energy contracts can run between 12 months and three years. During this time wholesale prices can fluctuate and as a result, one-year contract prices can be higher than three-year prices. However, if wholesale prices drop during a three-year contract, you may find yourself overpaying until your renewal window opens.
On the flip side, if you are on a one-year contract and wholesale prices increase dramatically, then you will find yourself renewing or switching to whatever is cheaper at the time, but paying higher energy rates than if you had fixed a three-year contract - by the end of which prices may have stabilised.
Cost of the bill aside, you need to be confident that you are switching to a reliable and trusted energy supplier. Before switching to your chosen tariff, spend some time researching them and ensuring they are favourably reviewed. You need to be sure that if anything goes wrong your energy supplier will be there to assist you quickly.
Choosing the right business energy tariff is crucial to maximising how much money you save. As each business is different, the answer to this question is "It depends".
Let's dive into it a little bit more so that you can gain an understanding of each tariff and the best one for your business.
A fixed price tariff is the most common energy tariff type for both business energy and home energy. Your unit rate and standing charge will be fixed for the duration of your contract. This allows businesses to estimate energy costs easily and provides certainty throughout your contract.
As the name suggests, your unit rate and standing charge can fluctuate during a variable rate contract. These tariffs can be popular when fixed-rate prices are high as you will benefit from any reduction in wholesale energy prices. However, your prices may increase during the period of your contract.
All business energy tariffs include a daily fee known as a standing charge. This covers the cost of maintaining your energy supply. With a no-standing charge tariff, this daily fee will be set to zero. These tariffs often suit businesses which operate seasonally or just a few days a week. It’s worth bearing in mind that your unit rate may be higher than on a standard fixed tariff.
A multi-rate tariff offers cheaper off-peak rates for those who use most of their energy at night or in the evenings. Some multi-rate tariffs will also include cheaper rates at weekends. This can be beneficial for businesses such as takeaways which use most of their energy at evenings and weekends.
Knowing whether you’re on the right deal can be difficult with energy prices changing quickly. As energy prices vary by region, no cheapest tariff is available to all businesses.
We’ve provided the average business energy prices from our panel of trusted suppliers to keep you updated with the latest rates.
| Name | Electricity Price (p per kWh) | Gas Price (p per kWh) |
|---|---|---|
| Micro business (0 - 5,000kWh) |
25.9p | 8.5p |
| Small business (5,000 - 15,000kWh) |
25.6p | 7.5p |
| Medium business (15,000 - 25,000kWh) |
25.4p | 7.5p |
| Large business (15,000 - 25,000kWh) |
25.6p | 7.4p |
| Very large business (15,000 - 25,000kWh) |
25p | 6.6p |
Prices above are average of internal data and correct as of January 2025 for a two-year contract. Prices reflect a live market and are subject to fluctuation.
Your business’ energy bill will depend on many factors, such as the tariff you’re signed up to and how much energy you consume. We’ve put the estimated average monthly cost of business electricity and business gas for a range of business sizes, based on annual consumption, and then added them up for a combined monthly bill to help you visualise how much you might be spending on business energy based on UK-average rates in September 2024.
It’s worth noting that business energy fuels (gas and electricity) are supplied separately. While the same supplier can supply gas and electricity, no business dual fuel tariffs exist. You must switch your gas and electricity separately. We’ve combined the two in this table to help you visualise more easily how much you can expect to pay in your energy bills.
| Business Size | Monthly Business Electricity Cost | Monthly Business Gas Cost | Combined Monthly Energy Bill |
|---|---|---|---|
| Micro business (0 - 5,000kWh) |
£70.29 | £29.73 | £100.02 |
| Small business (5,000 - 15,000kWh) |
£232.97 | £76.89 | £309.86 |
| Medium business (15,000 - 25,000kWh) |
£444.41 | £137.89 | £582.30 |
| Large business (15,000 - 25,000kWh) |
£828.24 | £248.39 | £1,076.63 |
| Very large business (15,000 - 25,000kWh) |
£1,595.39 | £456.96 | £2,052.35 |
The prices above are an average of internal data and correct as of January 2025 for a two-year contract. Prices reflect a live market and are subject to fluctuation.
Large businesses with high energy usage often require expert support when switching business energy suppliers and procuring their business energy. At SwitchWhiz, we can guide you through the process of comparing energy prices as a large business.
High energy usage businesses will often have a greater buying power compared to small businesses. This can give you access to favourable rates and extra support from energy suppliers.
If you require half-hourly meters or multi-site metering, our expert team can help you find the tariff for your business and meter installation advice.
At SwitchWhiz, we understand how important it is for small businesses and micro businesses to avoid large overheads. Comparing business energy suppliers is a great way to stay on top of your business costs.
Many suppliers will provide energy tariffs aimed specifically at small businesses. For example, British Gas Lite offers an online-only tariff designed to control costs and offer cheaper business energy rates.
With our quick online comparison engine, you can view a wide range of small business energy tariffs from our panel of trusted suppliers.
Ready to become a switch whiz? Get started now.
The length of time it takes to complete your switch can vary depending on your circumstances.
Guidelines such as the Energy Switching Guarantee provide an agreement with suppliers to complete a standard business energy switch within 5 working days. However, if you require a new meter installation it’s likely your switch will take longer.
Whether you’re new to premises or looking for a new meter type for your business, SwitchWhiz can help you complete your new meter installation for your gas meter installation and your electricity meter installation.
We’ve helped customers install new business gas and business electricity meters. We can even offer the service for free when you switch with us. You can find out more about commercial meter installation services here.
You will not be charged any exit fees when switching in your renewal window.
Most business energy deals will include exit fees when switching outside of your renewal window. These early cancellation fees can be significant.
Your renewal window will normally open 6 months before the end of your energy contract. You should be able to find details of your renewal window in your business energy contract.
The Energy Bill Discount Scheme (EBDS) will be applied automatically to your energy bill when prices hit a certain threshold.
The scheme is in place from 1 April 2023 to 31 March 2024. If wholesale prices rise above 30.20 pence per kWh or gas prices above 10.70 pence per kWh, businesses of all sizes will be entitled to the discount. The maximum discount available is 1.961 pence per kWh for electricity and 0.697 pence per kWh for gas.
The energy price cap does not apply to businesses. The most effective way of beating wholesale energy price increases is to lock in a fixed price tariff by comparing prices and switching.
We are partnered with Love Energy Savings for business energy comparisons. Their tech-driven comparison engine can look up your business energy meter number with just your postcode, so you need just that and some contact details so an account manager can walk you through the switching process once you have selected a tariff you like.
A Letter of Authority is a letter authorising a third-party intermediary, such as SwitchWhiz, to contact an energy supplier on your behalf.
Contact your energy supplier, or if you work with a business energy broker they can contact your supplier to let them know you are moving premises and to bill you at the new premises.
Only if the majority of your energy usage comes from your work, contact your energy supplier to see if you’re eligible. Otherwise, compare domestic energy to see if you can save by switching domestic energy suppliers.
While there is no dual fuel business energy tariff, you can still have one supplier supply your business with electricity and gas.
When it comes to getting your business electricity and your business gas from an energy supplier that offers both, the supplier is required to bill you separately, and when you switch, the business electricity switch and the business gas switch must be treated separately.