Compare Business Electricity Prices Today!

Compare Business Electricity Prices Today!

Did you know that many businesses across the UK are still overpaying for their business electricity? Don’t continue to make the same mistake, compare business electricity suppliers today to find the right tariff for your business and stop missing out on savings of up to 47%* on your electricity bills.

To get started, either call us on 0800 9777 000 or fill in the quote form above to see how much you could save…

*Average savings of 47% can be achieved when compared to your current electricity supplier’s standard out-of-contract rates

Choose a new supplier for your business electricity

✔ Fixed tariffs and flexible contract options to meet your needs
✔ Efficiency advice and green energy alternatives
✔ Compare and save on your electricity
✔ Discounts for paying by direct debit
✔ Comparison of all of our UK energy suppliers and their tariffs

Regardless of your industry, product or service, electricity comparison for businesses is an essential part of operating, if you don’t want to end up paying over the odds for your utilities complete our short electricity comparison quote form to see how much you could start saving today! It’s a super simple process that allows a business to compare electric prices, through industry experts to help you find the right deal for your own business.

When you compare with Exchange Utility, we advise you on the options available to you from our panel of suppliers. Exchange Utility will always offer you independent advice.

We are on hand throughout the entire process, our team will make sure your electricity comparison is as seamless and time-efficient as possible.

Our business electricity experts can provide market insight to facilitate a decision that could significantly lower your energy overheads.

Five steps to finding the right business electricity suppliers

1. Find a recent business electricity bill
2. Complete our short form on the site or over the phone
3. Our experts will compare up to 22 energy providers
4. Gain access to competitive pricing offers
5. Select a new business electricity deal that suits your business

Compare for the right business electricity tariffs

If you’re searching for cost-effective business electricity rates, you have come to the right site. All you need to do is click the button above and enter a few details then sit back and relax.

We will search our panel of suppliers for the lowest business electricity rates. Once we have searched for you, we will provide all the quote details so you can make the best decision for you and your business.

Ready to find a great business electricity tariff? Then give our business energy experts a call on 0800 977 7000 or fill in the quote form above and we will get back to you.

Reduce the price you pay for business electricity

Completing a business electricity comparison isn’t the only way that you can cut the cost of your energy bills.

Reviewing your energy usage and acting on efficiency advice can be extremely constructive!

The best way to reduce your business energy consumption and the cost of your bills is to find out where you use the most power. This way you tackle the biggest issues first.

Five benefits of a business electricity comparison for your commercial property

The commercial electricity, gas and water markets can be confusing places, so there are significant benefits to carrying out an electricity comparison for businesses with Exchange Utility that include the following:

1. Compare up to 22 energy providers to find the right deals
2. Benefit from expert cost reduction advice on your electricity, gas and water contracts
3. The only paperwork you will need to do involves simply signing two documents to allow us to complete your switch – We take care of the rest!
4. Feel confident that you’re getting excellent service by taking full advantage of Exchange Utility’s outstanding supplier relationships
5. Never worry about going out of contract and being placed on a higher rate, standard tariff – Our experienced account management team will continue to provide you with support to ensure that this doesn’t happen

Comparing business electricity is easy

To find cost-effective rates through a range of utility providers, you should complete a business electricity comparison with Exchange Utility to find out what our range of UK electricity suppliers have to offer your business.

Before you call the business energy team on 0800 977 7000 or complete an online enquiry with the below form, make sure that you have a recent energy bill to hand – This will make the comparison process faster as we will have all of the details that we need to take action.

Our expert representatives will guide you through the entire process to get the best possible result for your business.

What type of business electricity tariffs are there?

Business electricity prices can cause a lot of stress for the owners of both SMEs and large corporations.

That’s why, when looking into getting competitive electricity prices, it only makes sense to weigh up the different tariff and supplier options that your business can access.

When you compare electricity prices with Exchange Utility, you receive easy access to a range of fantastic UK energy provider options – including tariffs from the Big Six suppliers.

✔ Fixed-term contracts: These contracts lock in the price of electricity for a set period of time, typically 1-5 years. This can provide peace of mind for businesses, as they know that their electricity bills will not fluctuate during the contract period. However, fixed-term contracts can be more expensive than variable-rate contracts.
✔ Variable-rate contracts: The price of electricity on these contracts changes on a monthly or quarterly basis, based on the wholesale price of electricity. This means that your electricity bills could go up or down during the contract period. However, variable-rate contracts can be cheaper than fixed-term contracts.
✔ Extended/Rollover contracts: These contracts are usually more expensive, but they can offer businesses some peace of mind. This is when you haven’t terminated your contract, and the supplier’s terms and conditions mean you have entered a further 12-month contract.
✔ Flexible contracts: These contracts are only available to large customers, and they can be very hard to budget for. This is where you fix a framework deal, in which you must purchase your energy at various points of the contract. A good procurement strategy would take advantage of troughs in the market curve, take a look at our guide on procurement options.
✔ Pass-through contracts: These contracts can cause your bills to vary throughout the contract and can cause customers to get unexpectedly high bills. This is where your commodity (electricity) is fixed but the non-commodity (government and industry taxes and levies) is passed on to you at the prevailing rate. These can either be shown separately on your bill or built into the unit rate and standing charge.
✔ Deemed Rate contracts: This is the most expensive tariff, and it is usually when you have just taken over a property you will be on a deemed tariff. As so, it’s highly advisable to seek a new tariff or supplier that better meets your needs.

SME business energy prices

SMEs are always looking for ways to save money, and why not? It’s better to put money back into your business and grow rather than waste money unnecessarily.

Here at Exchange Utility, we will try our best to help your SME as much as we possibly can with business electricity comparison rates, so you have the best business electricity rates. If you would like to find out more about what we have to offer, take a look at our business energy guides.

What happens to your business electricity rates when you go out of contract?

If you fail to review your commercial electricity rates before your contract end date, you will be rolled on to another contract or on to out-of-contract rates, which in both cases will be costing your business money.

You may not have been notified that your contract is coming to an end, so it’s your responsibility to ensure that your business doesn’t fall into the rollover trap.

When you have become a customer with Exchange Utility, your business electricity rates will never be subject to an expensive rollover energy contract again. Our account managers will monitor your contracts closely to ensure that you make updates when necessary so you avoid paying more than you need to.

What is affecting business electricity prices?

At the start of the year, many of the major electricity providers announced that their rates would be increasing. Some of the smaller providers have now followed suit, with others still to make a decision. It is now thought that 80% of small businesses are now overpaying on their electricity bills. Compare small business electricity prices to ensure your business isn’t overpaying on their energy bills.

With energy prices being as unpredictable as they are right now, the best course of action for any business is to compare rates. This way, Exchange Utility can compare utility prices and look to find you a saving. To better understand what affects your business’s electricity prices, read our latest guide.

How to compare business electricity rates

Before you start to compare electricity rates, here are some key questions you will need to answer in preparation.

When is your contract end date?

The first thing to know when it comes to comparing business electricity prices is that timing is everything. If you’re six months away from your current contract expiring, you will be within your renewal window. If your contract has more than six months left, then you will not be able to arrange the switch you want.

How much are you currently paying?

Naturally, this is quite an important piece of information for you to have to hand. Make sure that you have all the details about how much you’re paying to hand. That way you will be able to spot when you have found a good deal.

Do you have your latest bill?

When you start comparing prices with us, we will ask you for the details of your most recent bill. This will help us provide more accurate information with your quotes.

Compare business electricity supplier rates online

Comparing your business electricity rates has never been so easy. A few years ago comparing business electricity rates would have been a nightmare. But today it’s a piece of cake, especially when you are choosing us as your energy comparison company.

Business electricity comparison

Getting the right commercial energy rates for your business is one of the main factors in switching electricity companies. After all, who wants to pay more? When comparing with us, we will show you all the business electricity rates currently on the market and then it’s up to you to choose which one best suits your business.

What’s the right electricity tariff for my business?

Making the right choice depends on what you are looking for and what will suit your type of business.

✔ Take everything into account: Make sure that you look at everything that a supplier has to offer. Are they offering some sort of package? Do they offer tariffs that fit well with the way you run your business?
✔ Be selective: While it is tempting to simply choose the lowest rates you come across, this isn’t always in your best interests. The tariffs or the overall package could be inconvenient for your business, which could lead to other problems as time goes on. Make sure that you look at all the details in the quote before you make a decision.

Compare your business electricity today

To get started and enable us to prepare an accurate comparison for you, we will need some information from your electricity bill. This will be your meter number, bill period, payment amount and tariff information. Not sure where to get this information or have any further queries? Give us a call today and we will provide you with the very best business energy advice and cost-effective solutions.

To get started, either call us on 0800 9777 000 or fill in the quote form above to see how much you could save…

Business electricity FAQs

Is switching my energy supplier a good idea?

Businesses use significantly more energy than the average household in the UK, so making sure you’re always on a cost-effective electricity tariff is an easy way to save your business money. If your current supplier has allowed you to roll on to a higher tariff, you could already be spending more money than you have to.

How much money could my business save by switching today?

Our energy experts are very knowledgeable which makes it easy for them to find you the right energy tariff for your business, on average saving you up to 47% on your annual energy bill. Not only that, they’ll continue to monitor your tariff and let you know if anything cheaper becomes available, ensuring you never pay over the odds for your business energy.

If I change providers, will my business’ energy supply be interrupted?

No. Your old contract will move smoothly into your new one without any interruptions.

What are smart meters and how do they work?

A smart meter is very similar to your old meter except it communicates electronically with your power supplier to ensure your power readings are as accurate as possible. Also, a smart meter comes equipped with an LCD screen which allows you to easily observe how much energy your business is using.

Which commercial electricity tariff is right for me?

There are five kinds available, here’s what each one entails:

1. Fixed – A rate is agreed upon at the start of the contract and stays the same, protecting you from price changes in the wholesale energy market.
2. Variable – The rate of a variable tariff will fluctuate throughout the duration of the contract, depending on the state of the wholesale energy market. The benefit of this is that your monthly energy bill will occasionally be cheaper. Conversely, you also risk paying more.
3. Flexible – A form of energy tariff offered mainly to businesses with more than one premises across the UK. It involves purchasing energy directly from the wholesale market in separate pieces throughout the duration of your contract. This tariff can get complicated, which is why most good suppliers will assign you a dedicated Account Manager to manage your purchases.
4. Feed-in – If your business premises are equipped with an onsite power generator (such as solar panels or a turbine), a feed-in tariff will enable your supplier to purchase your excess energy at a fixed rate, potentially resulting in massive discounts for you.
5. Green – For conscientious companies interested in investing in renewable energies, look no further than a tariff from a green energy supplier. Our expert advisors will recommend the right tariff for you based entirely on the specific needs of your business, in order to get you the right price possible.

Can I switch suppliers on multiple properties at the same time?

Yes, we’ll use our expertise to determine which tariff is most suitable for the specific needs of your business and manage the entire transition for you.

What is ‘green electricity’ and will it save me money?

There are many suppliers who now offer electricity options derived entirely from renewable resources, such as wind, solar and hydroelectric power. Although these tariffs tend to be priced a little higher, they can offer your business green credentials.

What information will you need for my business to switch?

Once you’ve decided on a new tariff, all we need from you is a recent bill from your current provider and a signed  Letter of Authority (LOA). We’ll then be able to take care of the entire process. (Unsure what this is? Read our guide to Letters of Authority.)

Is it difficult to switch business electricity suppliers?

For you, not at all. Once we’ve found you a tariff you’re happy with, it’s our job to ensure a smooth and seamless transition to your new energy provider. Your power won’t be interrupted, and we’ll only communicate with you if required.

What is the average saving I could expect for my business?

On average, our energy experts can help save your business over 47% on energy bills.

Will my business’ electricity price per kWh change?

Yes. Our energy experts will compare providers on your behalf to find you a better value tariff, meaning your business will begin paying less for electricity per kilowatt.

What is a Kilowatt Per Hour?

A kilowatt-hour (kWh) is the unit measurement used for energy, used by energy suppliers to calculate your gas and electricity bill. It is equivalent to 3.6 megajoules of energy. This unit measurement is commonly used to describe usage on energy supplier billing. A kilowatt-hour is a unit of energy equivalent to one kilowatt (1 kW) of power sustained for one hour. One unit refers to the use of 1000 Watts over one hour.

What is the difference between a kW and a kWh?

Kilowatts (kW) represent a unit of power whereas a kilowatt-hour (kWh) is a unit of energy. A kilowatt is 1,000 watts. A kilowatt-hour is your average energy usage over an hour. This is also what your bills are calculated from.

Who is my electricity supplier?

To find out who supplies the electricity to your business you can check one of your recent electricity bills. Exchange Utility can also help you find your gas supplier. You can fill out a Letter of Authority and we can find your gas supplier as quickly as possible.

You are likely to be with one of the following three electricity suppliers:

National suppliers – Operating in multiple regions a national supplier will provide electricity to a variety of business sizes. These include the likes of British Gas, EDF Energy and E.ON Next.

Regional suppliers – These suppliers will operate in a specific region within the UK and will most likely tailor energy plans to suit those areas. These include the likes of Scottish Power, Npower and SSE.

Independent suppliers – A much smaller electricity supplier which specialises in specific types of plans such as eco-friendly ones. These independent electricity suppliers include the likes of Green Energy UK, Ecotricity and Bulb.

What is a letter of authority?

Let us set the scene: We have negotiated some fantastic electricity prices for your business, you have chosen your new tariff, and we have gone through the verbal contract with you. The next step in your business energy switchover is to complete the Letter of Authority (LOA). A very quick form to fill in but very important as this enables us to act on your behalf so that we can liaise with the suppliers and handle the switch for you.

What is a termination notice?

A Termination Notice is a document that we use to tell your supplier that we are terminating your current tariff and moving you onto a new one with new business rates. You will receive a termination notice and a Letter of Authority in your Welcome Pack which you simply need to sign and return to either terminations@exchangeutility.co.uk or by post to: Exchange Utility, Bridge House, Yeargate Industrial Estate, Bury, BL9 7HT. These documents allow Exchange Utility to act on your behalf and complete the transition from one supplier to another for you.

Why use Exchange Utility to compare business electricity online?

✔ Our customer support team is one of the best in the industry
✔ Contact Exchange Utility to switch your energy tariff in as little as 5 days
✔ We have years of experience comparing business gas and electricity
✔ We have built a solid reputation for being a reliable, independent and trustworthy comparison company
✔ We can compare gas prices from industry leaders to find you competitive rates
✔ Whenever a business gets in touch with us, we always work hard to get them the right rates for their business
✔ Don’t just take our word for it see what our customers are saying about us on Trustpilot

To get started, either call us on 0800 9777 000 or fill in the quote form above to see how much you could save…