Compare Business Energy Cheaper Electricity & Gas for your business
- Compare electricity prices for your business.
- Compare gas prices for your business.
- Get a better business energy deal & switch energy supplier.
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It's time to find a better deal for commercial electricity & gas for your business
With wholesale energy price volatility, ensure you are getting the best energy deal for your business!
WOWCOMPARE works with expert partners to help you compare business energy prices, bringing straight forward price comparison for business energy (electricity and gas) from established and trusted UK business energy suppliers including:
Why compare business energy prices?
The UK has a competitive business energy market, with numerous business energy providers, supplying UK businesses of all sizes. Comparing energy prices with a business energy comparison service makes it easy for you to put your energy contract out to the market. You should only need to provide details about your business once to get offers from a panel of UK energy suppliers.
Why are business energy prices so variable?
Business energy contracts and prices are not as straight forward as home energy because business energy tariffs are highly variable and reflect both usage and the time of use (example: your business might be a low energy user in the day time and a high energy user in the evening or overnight). Prices also factor in other elements like changes in seasonal demand (example: your business is a low energy user during winter but a high energy user in the summer).
Ongoing volatility with wholesale energy prices has resulted in business energy costs rapidly increasing, it’s never been more important to ensure you are getting the best value energy for your business.
Get an energy renewal quote from your existing supplier
Always negotiate with your existing energy supplier, your existing supplier knows your business and energy use. Your existing supplier will often want to retain your account, so they might offer you a really good deal to stick with them. Plus it also helps to have new pricing from your existing supplier so you can compare these prices with any offers you receive from new business energy suppliers.
Is your business energy too expensive - compare quotes to find a cheaper business energy deal
If you feel you business is paying too much for electricity and gas there is some government support available in the form of The Energy Bill Relief Scheme and The Business Energy Discount Scheme, take a look at our Business Energy FAQs at the bottom of this page for more details.
What details do you need to compare business energy prices?
To get the BEST business energy deal for electricity and gas you’ll need to provide a few details, including:
Business Address
You’ll need your business address & postcode to check the latest business energy tariffs for electricity & gas in your area.
Current Supplier
You’ll need details of your existing business energy supplier and your pricing/tariffs so you can compare new offers.
Meter Serial No. or MPAN
You’ll need meter reference details, this is usually a serial number on your meter, or the MPAN number found on bills.
Energy Type & Annual Usage
Details of energy usage, whether you want prices for business gas, business electricity or both.
Most businesses choose to lock in fixed prices for gas and electricity for contract periods of 12 months or longer, this is often the best way to budget for business energy usage and costs.
The recent energy crisis has caused more uncertainty in the energy markets, with greater volatility in wholesale energy prices for the electricity and gas supplied to businesses. To try and get the best energy deal for your business, it is wise to compare live energy offers during your energy contract renewal window.
2024 Business Energy Tariffs – Many businesses choose to fix their gas and electricity tariffs for 12 months or longer – this is often the best way to budget for business energy usage and costs.
UK Business energy providers are launching new fixed price tariffs, come back soon to compare new business energy tariffs.
FAQs - How to get the BEST business energy deal
Time-of-use Energy Tariff –
Similar to domestic Economy 7/10 tariffs. Time-of-use tariffs provide two different rates for energy at “peak” and “off-peak” times. Time-of-use tariffs, provide business with lower cost energy overnight when there is less demand for energy.
To benefit from a time-of-use tariffs, your business will need a smart business energy meter, a dual-rate meter, or half hourly meter.
The new Energy Bill Discount Scheme (EBDS) was introduced to replace the Energy Bill Relief Scheme it will run from 1st April 2023 until 31st March 2024.
The EBDS provides support to eligible business with discounts on units of electricity & gas. Discounts will only kick in if the wholesale prices rise above a certain threshold, and will be applied automatically (no need to register). Maximum discounts have been set at:
- Electricity – £19.61 per megawatt hour (MWh) with a price threshold of £302 per MWh.
- Gas – £6.97 per MWh with a price threshold of £107 per MWh
The discount is calculated as the difference between the wholesale price associated with your energy contract and the price threshold. The discount is phased in when a contract’s wholesale price exceeds the floor price, until the total discount per MWh reaches the maximum discount for that fuel.
For Energy & Trade Intensive Industries, higher level support is available with maximum discounts set at:
- Electricity – £89 per MWh with a price threshold of £185 per MWh
- Gas – £40 per MWh with a price threshold of £99 per MWh
See full details: EBDS eligibility at GOV.UK
Share – Help other businesses save with cheaper electricity & cheaper gas
Disclaimer: WOWCOMPARE is not a financial service provider, broker or bank. Therefore we are unable to provide individual financial advice and we do not recommend or endorse individual products & services featured on this website.
This website is manually edited, we try to ensure that financial/insurance products & services included in our content, are from businesses authorised and regulated by the Financial Conduct Authority (FCA). Or, where applicable by regulators in the European Economic Area (EEA).
WOWCOMPARE ® is a registered trade mark of We Are Wow Limited, incorporated in England and Wales, company number 13424881
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