Compare commercial electricity rates.
In just 30 seconds, you can compare the latest commercial electricity rates and lock in the best deal for your business.
How To Compare Business Gas Prices & Switch Supplier
Compare prices
Simply enter your postcode and we’ll find your meter and usage to give you the latest business gas prices
Select your supplier
Select the gas rates that are right for your company – you can even stick with your current business gas supplier.
We’ll handle the switch
We look after the switching process and you’ll be updated on every step of the way.
Business gas quotes from a selection of reliable suppliers.
Business electricity rates are significantly more competitive, with prices having decreased by an impressive 62% since October 2022.
Cornwall Insight now predicts that wholesale prices will remain stable, with only minor fluctuations expected in the coming months.
Why choose us for your switch?
There are numerous advantages to using our business electricity comparison and switching service over others. When you switch with us, you have the unique option to complete your business electricity switch entirely online, allowing you to secure your new deal without the hassle of a 40-minute phone call.
If you prefer to speak with one of our business electricity experts, that option is also available. The choice is completely yours!
|
Business size
|
Annual Usage
|
Price per kWh
|
Standing Charge
|
|---|---|---|---|
|
Micro Business
|
up to 5,000
|
24p
|
91.3p
|
|
Small Business
|
5,000-15,000
|
25.7p
|
77.5p
|
|
Medium Business
|
15,000-25,000
|
25.7p
|
77.5p
|
|
Large Business
|
25,000-50,000
|
26.1p
|
85.5p
|
Understanding your unit rate and standing charge.
Your unit rate refers to the cost of each kilowatt-hour of electricity consumed by your business. Generally, businesses with higher consumption rates will pay slightly lower unit rates than smaller businesses.
The standing charge accounts for the costs associated with maintaining the energy supply. This includes expenses related to the upkeep of the energy supply network and the transportation of electricity to your premises.
Commercial electricity prices per kWh.
Kilowatt-hour (kWh) prices are crucial for determining how suppliers charge you. This unit of measurement reflects your unit rate and varies based on several factors specific to your business.
The lowest-priced electricity supplier for one business may not be the most affordable option for another. With STS Energy, you can quickly and easily compare business electricity prices from a broad selection of trusted suppliers.
Commercial electricity rates for larger businesses.
We provide tailored quotes for large businesses looking to switch their electricity service. This includes both single-site companies and multi-site businesses that prefer a single, straightforward bill.
By switching with STS Energy, you can discover a corporate electricity solution that meets your specific requirements. You’ll receive a customized commercial electricity quote from our panel of reliable suppliers.
Business electricity rates for small and medium-sized enterprises (SMEs).
We source quotes for business electricity rates for SME businesses across the UK. Our aim is to simplify the process of comparing business electricity rates online.
Our online switching service enables you to compare business electricity rates at your convenience. Start today to discover the best deal for your business.
Is the cost of business electricity decreasing?
The cost of business electricity has been a significant concern throughout 2022 and 2023. However, electricity unit rates have been consistently declining for quite some time!
We have compiled the three cheapest business electricity tariffs for each of the three months, comparing the 2022/23 financial year to 2023/24. These figures indicate that prices have decreased from just over 75p per kWh in November 2022 to 22.37p per kWh in September 2024. Predictions suggest that prices will remain at this level for the foreseeable future. However, it’s important to remember that circumstances can change rapidly, as we’ve seen in the past.
How to compare competitive business electricity rates?
Comparing business electricity rates is straightforward, but the market is constantly evolving. Lacking the right information can lead to more expensive electricity quotes for your business.
Here are some helpful items to know or have on hand:
- A recent business electricity bill.
- Your electricity usage for at least the past year.
- Your meter type (smart or traditional).
- Business information.
- Your current electricity supplier.
Can you choose green options when comparing electricity tariffs?
Switching to green energy is simple when you go through STS Energy. You can compare the latest green electricity tariffs in just seconds.
Choosing a green energy tariff is an excellent way to reduce your carbon footprint. Many energy suppliers now provide 100% renewable electricity tariffs sourced from options like solar, wind, and hydro.
Prices have become increasingly competitive as suppliers roll out more renewable electricity tariffs. In fact, many suppliers now offer 100% renewable electricity tariffs as standard.
Business Gas FAQs
Several factors influence the commercial electricity tariff you can obtain for your business. The primary variables that affect the price you pay for your electricity supply include:
- Wholesale prices
- Location and size of your business premises
- Credit ratings
- The sector in which your business operates
- Annual consumption
Many businesses view these challenges as reasons not to switch electricity suppliers. Unfortunately, this often results in companies being on the wrong type of tariff.
We’re here to assist you in navigating the electricity market and securing the best deal from our panel of trusted suppliers. Regardless of the size of your business, we’ll help you find a suitable electricity deal in just seconds.
You can cancel your business electricity contract, but it's generally not advisable. All business electricity contracts typically come with an early exit fee, which is usually equal to the remaining cost of the contract.
You have the option to secure a new electricity deal up to 12 months before your current contract ends. If you find a favorable rate while comparing business electricity prices, it may be worthwhile to lock in those rates.
Not all tariffs provide lower rates at night. Most business electricity prices maintain the same unit rate 24/7 throughout the duration of your contract.
However, you can opt for an Economy 7 or Economy 10 tariff, as these business electricity tariffs do offer reduced rates during off-peak hours. These options are often ideal for businesses like restaurants, nightclubs, or bars that operate late into the night.
This is a common question we receive. The answer largely depends on how your business utilizes its electricity supply. What may initially seem like a great deal—having no standing charge—can actually lead to higher electricity bills for your business.
A typical business electricity supplier might offer an appealing tariff with no standing charges, but they often compensate for potential losses by increasing the unit rate.
A daily standing charge is applied every day of the year. For instance, a charge of 45p per day totals £164.25 annually. In contrast, the unit rate applies to each kilowatt-hour (kWh) of electricity consumed, which constitutes the largest portion of your bill.
For businesses that typically consume a medium to high amount of electricity each month, choosing a no-standing charge tariff could result in higher costs. Conversely, a low-usage business may find this type of tariff beneficial and save money on its electricity supply.
There are various costs to consider regarding business electricity. Most businesses will pay a standard VAT rate of 20% on their supply, which is automatically included in your bill by your electricity supplier.
However, some business electricity customers may qualify for a reduced VAT rate of 5%. You could be eligible for this discount if you meet one of the following criteria:
- You operate a charity or a non-profit organization.
- Your business has very low energy usage (less than 1,000 kWh of electricity per month).
- At least 60% of your business electricity supply is used for domestic purposes (this must be demonstrated).
Half-hourly meters are used for business locations that have high electricity consumption.
Legally, your business is required to have one if your maximum demand reaches 100 kWh or more within any 30-minute timeframe during the day. These meters are effective for monitoring business electricity and gas usage, as they help prevent energy suppliers from overcharging you based on estimated billing.
You might be encountering the term "micro business" for the first time. In fact, many SMEs are categorized as micro businesses by energy suppliers without even realizing it. There are several advantages to being classified as a micro business, but there are also some drawbacks.
You will be classified as a micro business by energy suppliers if you meet one of the following criteria:
- You employ fewer than 10 employees and have an annual turnover of no more than €2 million.
- You use less than 100,000 kWh of electricity per year.
- You consume less than 293,000 kWh of gas per year.