Business Energy Comparison Guide
Can you reduce your business energy costs by as much as 40% each year? If you have the time it is certainly worth comparing business energy prices. To benefit from the potential business cost savings we would advise that you compare a number of different business energy suppliers.
The current business electricity prices per kilowatt hour range from 20.31p for a small business. It is 17.52p per kWh for an industrial business. At the moment the average business gas price is 4.76p per kWh.
This business energy comparison guide will serve as a starting point to help you decide which UK business electricity and gas supplier to use. Business energy prices vary depending on where your business premises is, how long the contract is for, and the amount of electricity or gas that your business uses. We have looked at eight energy companies including the ‘Big Six’.
The Energy Bill Relief Scheme (EBRS)
Hopefully, you are already benefiting from the Energy Bill Relief Scheme. It should have been an automatic reduction that you should have noticed since the start of October 2022. It currently runs until the end of March 2022. If you haven’t received the discount please look into it as a matter of urgency. It is much the same as the domestic energy price cap.
Choosing the right business energy supplier
When it comes to choosing a business energy supplier, it’s important to do your research and find the right one for your company. It is also good to do it at a time when you do not have other pressing business matters. Hopefully, we can provide you with enough information on a selection of different energy suppliers. However, not all suppliers are created equal, and there are a few things you need to consider when making your decision.
The most important factor is price. Of course, it’s important to get a good deal on your energy, as it can be a high cost for any business. Also, it is crucial to consider the environmental impact and where your business energy will be sourced from. You also need to think about the quality of service offered by the supplier.
It’s also essential to make sure that the company you choose is reputable and has a good reputation. So make sure you read reviews and do your research before making a decision.
Ultimately, choosing the right business energy supplier is important for the success of your company. Take your time and do your research. You will be able to find the perfect supplier for your needs.
We have started by considering two options that are not in the Big Six. We then move on to the Big Six.
Opus Energy
Opus Energy is a relatively new business energy company that was established in 2001. They launched with the objective of using renewable sources to produce the electricity that they provide. Opus works exclusively in the business sector and currently provides over 225,000 customers with business energy.
Tariffs
Opus Energy offer both flexible and fixed tariffs. Both tariffs are considered to be competitively priced. They are called Opus Advance and Opus Advance Plus. The Opus Advance tariff is suitable for businesses of all sizes. Opus Advance is more suitable for larger businesses. Both tariffs use renewable energy to provide the business electricity. The main difference is that there is a small premium to be on the Advance Plus energy tariff. This is justified because all of the electricity is generated in the UK from its network of 2,100 renewable generators.
Benefits
Using Opus can help your business with its renewable credentials. Customers of Opus Energy are allowed to use their digital certificates and social icons. It is a simple way to promote that you are using renewable energy to power your business.
You may feel uncomfortable not using one of the big six with the recent history of energy companies being forced into administration. At the time of writing their balance sheet does look very healthy. Whatever your opinion about Opus Energy it is certainly worth using them as part of any business energy comparison you carry out.
Octopus Energy
Octopus Energy was founded in 2016 and operates in 13 different countries. They are known to be one of the largest investors in renewable energy in Europe. Octopus provides energy for both the domestic and commercial markets. They can boast a very high average rating on Trustpilot.
Tariffs
Like many other providers, they offer both fixed and variable rates. Recently new customers are being offered fixed rates which makes sense due to the uncertainty in the energy markets currently. The tariffs they offer cater to small business start-ups right up to companies with in excess of 250 employees.
For any business with solar, it could be good to know that you will earn back 15p / kWh for any electricity exported back to the grid.
Benefits
Like many other business energy companies, 100% of the electricity is generated from renewable sources. In polls carried out by Martin Lewis Octopus has received very high customer ratings. This is also reflected in their review rating on Trustpilot.
The big six energy suppliers
The Big Six energy suppliers are the largest energy companies in the UK, responsible for supplying gas and electricity to millions of households and businesses across the country. These companies generally offer competitive rates, but it is important to compare all available tariffs when looking for a new supplier.
The Big Six provide reliable customer service and offers competitively priced electricity business tariffs and gas business tariffs. They also offer green energy options if you want to make your business more eco-friendly. It is always worth shopping around and comparing different providers to make sure you get the best deal.
1) E.ON
E.ON is one of the biggest energy providers in the UK and offers competitive tariffs for businesses of all sizes. There is a range of options available, including fixed-price deals and flexible tariffs for businesses. E.ON also offers green energy plans, which use renewable sources such as wind and solar power to generate electricity, helping reduce your carbon footprint.
Tariffs
The E.ON Business Fixed Price 1 tariff offers businesses a fixed rate for 12 months, so you’ll know exactly how much you’re paying each month. The E.ON Business Flexible Price plan is the perfect option if you need more flexibility, allowing you to switch between tariffs when necessary.
Benefits
The benefits of using E.ON as your business energy supplier are many. They have competitive rates and offer a range of plans to suit different businesses, as well as green energy options. They also provide online account management tools, so you can keep track of your usage and costs in real-time.
2) British Gas
British Gas is one of the UK’s largest suppliers of gas and electricity, with over 2 million customers across the country. They offer competitive tariffs for businesses of all sizes, including small businesses and large enterprises.
Tariffs
The tariffs offered by British Gas vary depending on how much energy you use and what type of contract you take out. For businesses that require a large amount of electricity, the company offers a range of fixed-term contracts, as well as variable tariffs, which allow for more flexibility.
Customer service
British Gas has an impressive customer service team in place to help customers. The team is available 24/7 via phone, email and live chat.. They also offer free energy audits to businesses who want to know if they are making the most efficient use of their energy consumption.
As one of the UK’s largest suppliers of electricity and gas, British Gas is committed to offering green energy options to businesses. They offer renewable energy contracts which allow companies to switch to a greener form of power generation, such as solar or wind farms. This could help reduce the environmental impact of your business operations and also save money on energy bills in the long run.
Benefits
British Gas provides a comprehensive range of products and services for businesses that are looking for an energy supplier that’s reliable and competitively priced. Their customer service team is available 24/7, and they offer a range of green energy options if you want to make your business more eco-friendly.
3) EDF Energy
EDF Energy is one of the UK’s largest energy providers, with operations in both the electricity and gas markets. They offer a range of tariffs for businesses of all sizes, from small start-ups to large enterprises.
Tariffs
The EDF Energy Business tariff offers businesses a fixed price for 12 months, so you know exactly how much your bills will be each month. The company also has flexible tariffs available, which allow you to switch between plans depending on your energy needs.
Customer service
EDF Energy has a dedicated team of customer service representatives who can help you with any queries you may have. They also offer an online chat system so you can get answers to your questions 24 hours a day, seven days a week.
Benefits
EDF Energy offers competitive rates on their business tariffs and flexible options if you need more flexibility. They also provide online tools such as bill tracking and usage monitoring so that you can stay up-to-date with your energy consumption. In addition, they have green energy plans which use renewable sources such as wind and solar power to generate electricity.
4) Scottish Power
Scottish Power is an energy provider that offers both electricity and gas to businesses in the UK. The company was founded more than 50 years ago and has since become one of the largest suppliers of business energy in the country. It claims to offer competitive prices on both electricity and gas for businesses of all sizes.
Tariffs
Scottish Power offers a range of business energy solutions. These include fixed-price contracts and flexible tariffs. They also provide help with managing bills so that customers can budget better, as well as advice on how to save money through efficiency measures such as LED lighting or installing low-energy appliances. They also have an online portal where customers can view their bills and make payments easily.
Benefits
Scottish Power offers competitive rates on both electricity and gas for businesses of all sizes. They also have a range of business energy solutions and an online portal for easy bill management. However, some customers have reported the customer service to be slow and unhelpful, and some may find the billing system confusing.
Overall, Scottish Power is a reliable and established supplier of business energy in the UK. They offer competitive rates on both electricity and gas. They also offer a range of solutions to help businesses manage their bills better and save money through efficiency measures. However, some customers may find that their customer service isn’t up to par or that the billing system can be confusing. Nevertheless, they remain a popular choice for many businesses due to their long-standing reputation in the industry.
5) SSE
SSE is a leading energy provider that supplies electricity and gas to businesses in the UK. The company has been providing energy to more than 400,000 businesses of all sizes and offers competitive prices on both electricity and gas for businesses of all sizes.
Business energy solutions
SSE provides business energy solutions tailored to the needs of your business. With a range of options to choose from, you can find the right plan that suits your company’s usage and budget.
For businesses with an average annual consumption below 100kWh, SSE offers fixed-price plans that guarantee stable prices for up to two years. For medium-sized companies using more than 100kWh per year, SSE provides flexible pricing plans. These plans give you access to discounts if you switch your energy consumption during certain times or days. Additionally, for larger companies that use more than 300kWh annually, SSE will tailor its services according to their individual needs.
Tariffs
SSE offers competitive rates on both electricity and gas for businesses of all sizes in the UK. The company has a range of tariffs to choose from, with fixed price plans for smaller companies and flexible pricing plans for medium-sized and larger businesses.
These tariffs are subject to change depending on the type of business energy plan that best suits your needs. Businesses can access discounts based on their usage times as well as preferential terms when they sign up with SSE.
Customer Service
SSE provides customers with a dedicated team of experts who are available 24/7. This team is there to help you with any questions related to their business energy plans and services. Additionally, you can access the company’s online account management system to easily make payments, check your usage and monitor your account. SSE also has an app that allows customers to track their energy usage in real-time, as well as set reminders, manage bills, and more.
Benefits
SSE is a reliable provider of business energy solutions for businesses in the UK. They offer competitive prices for both electricity and gas and tailored solutions based on the size of your company, SSE provides businesses with an excellent option when it comes to choosing an energy supplier. Furthermore, customers have access to 24/7 customer service support and an easy-to-use app. All in all, SSE is an ideal provider for businesses of all sizes looking to switch or source energy from a reliable supplier.
6) npower
Npower is one of the UK’s leading business energy suppliers, with a comprehensive range of products and services. Npower has grown to become one of the biggest providers in the sector and is trusted by over 5 million businesses and homes across the country.
Tariffs
Npower provides gas and electricity to businesses of all sizes, from small start-ups to large organisations. They offer competitive fixed-rate contracts that can be tailored to suit your company’s needs. You also have access to their online portal for quick and easy management of payments and bills, as well as 24/7 customer service.
Npower also offers great discounts for businesses that sign up for both gas and electricity. They are committed to providing energy efficiency solutions, such as installing smart metres, to reduce energy consumption and costs. Npower also supports renewable energy sources via its Renewable Energy Tariff (RET) program.
Benefits
Npower is a trusted supplier with competitive rates, but it’s always a good idea to compare prices before making a switch. Some advantages of using npower include competitive fixed-rate contracts, an online portal for quick and easy payment management, 24/7 customer service, discounts are offered when signing up for both gas and electricity, and also support for renewable energy sources
The main disadvantage of using npower is that they don’t offer a wide range of tariffs, so if you are looking for something more specific, then you may not find what you need. In addition, some customers have complained about the customer service provided by npower.
All in all, npower is a trusted business energy supplier with competitive rates and a range of features that make it an attractive option for those looking to switch suppliers. However, it’s always worth shopping around before making a decision, as there may be other suppliers better suited to your needs.
Business Energy Comparison Final Thoughts
If you are a UK business looking for an energy supplier, there is no shortage of options available. It is important to compare all available tariffs and make sure that you get the best deal possible. In particular, the Big Six energy suppliers offer competitive rates and reliable customer service for businesses that require large amounts of electricity or gas. They also offer green energy options if you want to reduce your environmental impact. Whatever option you choose, it is important to ensure that you have a clear understanding of how much energy your business needs before signing any contracts. With this knowledge in hand, finding the right supplier should be a straightforward process.
Categories: Advice
Tags: business electric comparison, business energy, business gas suppliers, small businesses
