Business Electricity

Yes, electricity is set to rise for everyone, which is why now is the perfect time to start comparing and finding the best provider for you.

For business energy, you cannot claim the VAT , but your business may be eligible to pay a reduced VAT rate of 5%, but this is only if your business meets the specifications such as at least 60% of the business' energy are used for residential accommodation or you are a non-profit organisation.

Here are some tips on how you can try to reduce costs on your electricity bill:

• Turn off devices from switches if they are not in use as devices in standby still us energy
• Invest in energy efficient LED lights with motion sensors to reduce lights being left on when people leave rooms
• Look into your energy bill and discover the biggest areas where electricity is being used and see how you can reduce this.

All UK businesses are required to pay VAT on their business electricity usage, this is normally charged at 20%. This is a standard rate for most businesses.

There is no set answer to this, as your location and electricity usage and needs will vary, and this will impact the tariffs and prices that your business is offered. Complete our quick form to browse some of the cheapest deals we have to offer for your business electricity needs.

This will depend on the size of your business, the hours your business operates, location and more. This is an average breakdown that moneysupermarket has calculated.

Average business electricity rates per kWh (A kilowatt hour)

Business size                 Average annual usage (kWh)               Average price (per kWh)
Micro business               5,000 - 15,000                                        14.4p - 15.9p
Small business               15,000 - 25,000                                      14.3p - 15.1p
Medium business           25,000 - 50,000                                      14.3p - 14.7p

Here is a list of electricity suppliers we work with at Save on Bills:

• British Gas
• EDF
• EON
• SSE
• Npower
• Octopus Energy

You could save hundreds of pounds when you switch your electricity supplier or update your tariffs with your current provider depending on your location.

By using our comparison calculator, you can find suppliers and tariffs in your area that will suit your business needs. Options are available at your fingertips once you complete a short form to ensure we are showing you offers that will meet your needs.

To get the best deals and accurate prices it would be best if you have information such as current usage and price at hand so that comparisons can be made to ensure we find you the best deal possible.

Once you complete the comparison form you will be shown a variety of tariffs and deals available to you. You can click ‘more details’ and it will give you a rough breakdown of the kWh breakdown.

If your business has multiple locations, you will need to complete the comparison form for each of the locations or alternatively you can contact us directly and our team will get you quotes for each of your locations.

Yes, it is standard that electricity prices will fluctuate, this can be caused by many factors such as market rates, location and suppliers in the area; if a supplier goes down your tariff may be taken over by another company causing prices you increase. We suggest that every 6 to 12 months that you look into new suppliers and tariffs to ensure your business is always getting the best deal.

Your switch can be made as soon as the day after your current contract ends, but this is providing that you have given your notice period which is typically 30 days before your contract ends.

No, do not worry you will not be without electricity. We will be in contact and liaise with your current suppliers to ensure that the switch does not impact your business. If you have any questions, please feel free to call us.

Yes, there are a variable price depending upon your region and coverage area this is largely due to the amount of energy that the region can generate to cover the area or if energy is needed to be transported in.

Yes, you can be aware that you may be required to pay an exit fee. However, you can get a better deal up to 12 months before the end of your contact, so you should weigh up if it is the right choice to leave early or if you should wait for your current contact to end.

If you are looking to cancel your electricity contact, due to your business changing premises you should not be required to pay any early exit fees as the contact should be with the property itself as opposed to with you.