Compare Business Energy Prices
- We've teamed up with multi award winning Love Energy Savings to help find you the best gas or electricity deal for your business
- Compare up to 150 business energy tariffs in seconds, switch and save an average of £1,067*
- Get up to £1,000 cashback from Love Energy Savings when you switch if they cannot beat your initial renewal quote!**
This comparsion service is provided by LoveEnergySavings.com Ltd.
Once you have selected Compare Now and completed the form your details will be sent to LoveEnergySavings who will be in touch to help process your application.
*Save an average of £1,067 with Love Energy Savings when compared to your energy suppliers standard out-of-contract deemed rate.
**Love Energy Savings aim to beat the forecast annual cost of any 1, 2 or 3-year fixed electricity or gas initial renewal offer, based on your annual consumption that you provide. More T&Cs here.
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Business Energy FAQ
Business energy is an overhead that most companies have in common. However, unlike with the domestic market, resources around business energy aren't plentiful, leaving many business owners in the dark about commercial energy and making it more difficult to ensure a competitive deal.
The only real difference between business and domestic energy is the way they are packaged and sold. As you know, the best way to reduce the cost of your energy is at home is to compare different, quotes. This can be done easily, online via a price comparison site. It's possible to compare business energy too but not in the same straightforward way.
It's also worth noting that in the business energy market, gas and electricity are treated as entirely separate products, and must be secured under separate contracts. In contrast, domestic customers can pay for their gas and electric under a combined contract if they wish.
Can I save money on my business energy?
If you haven't shopped around for the cheapest deal already, yes. Businesses can save up to 40% on their bills by comparing deals with Love Energy Savings. (*40% average saving can be achieved when compared to your energy suppliers standard out-of-contract deemed rate).
What are Fixed Tariffs and How Do They Work?
A fixed term tariff is a contract that sets out how much a business will pay for its energy. This includes a specific price per unit for the gas or electricity a business uses, as well as a daily standing charge that's payable regardless of how much energy a business consumes.
The cost per unit and standing charge will not change for the duration of the contract, with these deals typically lasting anywhere between one and four years.
What are Variable Tariffs and How Do They Work?
On a flex approach contract, a business can take advantage of favourable energy market activity by purchasing energy for the months ? or years ? ahead, usually when costs are low.
However, this can be a risky strategy if a business is caught out of contract when energy prices are high.
How Do I Switch My Business Tariff?
For busy business owners, it can be difficult to find the time to dedicate to running a thorough comparison or to switch tariffs.
The good news is that there is help available ? even to the busiest of business owners. Through the services of a business energy broker, not only can they help you save money by switching your contract, but they can even save you time.
One short telephone conversation with one of Make It Cheaper's business savings experts is all it takes to learn enough about your business's needs and consumption habits to obtain market wide quotes on your behalf. This means you can have a view of the deals available to you within minutes, and our savings experts can even advise you on the deals that best satisfy your business's needs.
Does it take a Long Time to Switch?
There's no quick self-service way to compare business energy quotes and switch to a better deal. However, there are third-party intermediaries (TPI), like Make It Cheaper that operate to make the process a lot smoother.
Switching your business energy can be both easy and pain free with the help of a TPI. Once the process is underway should take you around 4-6 weeks on average from start to finish. Switch times can however, be impacted by the circumstances of your own business.
How Do I Determine the Best Tariff?
When deciding on a new tariff, it's important to think about your personal business circumstances, as well as price. Most contracts operate on a one, two or three year basis and can be fixed or variable with different payment arrangements attached (direct debit, pay on receipt of bill etc), so it's worth considering what structure is going to work best for your business.
Customer service satisfaction scores may be another element to consider when choosing a new deal as it will impact on how quickly and easily any issues will be resolved, should they occur.
How Much Should I Pay for Business Energy?
There are two main rates that make up your business energy prices ? a daily standing charge that you'll pay regardless of how much energy you use, and a set cost for each unit (kWh) of energy your business consumes.
The price you pay per unit will depend on your contract's terms, which is why it's important to run a business energy comparison to find a contract that properly suits your business's needs. A thorough comparison will also help to ensure that you're not overpaying on your business energy rates.
How Can My Business Reduce Its Energy Bills?
Other than ensuring you're on the most competitive contract, being energy efficient is the other major way to reduce your business energy costs.
From utilising low-consumption appliances, energy-saving light bulbs and good insulation to instigating changes to the way you and your employees use energy, it's possible to ensure you use only the energy you need.
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Love Energy Savings £1,000 Cashback Guarantee – Terms & Conditions
Love Energy Savings aim to beat the forecast annual cost of your current supplier’s 1, 2 or 3-year fixed gas or electric initial renewal quote, which you have received as you are nearing the end of your current fixed term contract. Where you have switched via Love Energy Savings and they have been unable to beat the cost of your subsequent initial renewal quote (they must be like for like), Love Energy Savings will pay your business up to £1,000. The promotion is open to new and existing customers who are small or medium enterprises, where the initial renewal quote from the existing supplier excludes any other promotion offered, e.g. cashback. If you satisfy these conditions, you will need to send (email or post) Love Energy Savings your initial renewal quote, along with your contact details.
Love Energy Savings will review their offer and the competing offer from your existing supplier using information you provide, such as your annual consumption as well as any additional costs or charges you'll pay in the competing offer over the contract period, e.g. distribution/transportation, VAT, Climate Change Levy (CCL) or CCL equivalent charge and government environmental charges or costs. If the competing offer is for a 2 or 3-year term, Love Energy Savings will use the same annual consumption for each year. To be eligible you must have accepted a quote for energy supplies generated via Love Energy Savings’ comparison services and entered into a new contract with the relevant third party energy supplier, other than its Existing Supplier, based on that quote for any 1, 2 or 3-year fixed electricity and/or gas supply deal (New Contract).
The promotion is available to small and medium enterprises with less than 10 non-half hourly electricity or non-daily metered gas sites who use less than 1,000,000kWh of electricity or 1,500,000kWh of gas per year. Alternative offers through third-party intermediaries are not eligible for this promotion. Any offer of a contract is subject to a credit check.
If your claim is accepted, Love Energy Savings will pay your eligible business the lesser of:
(a) the amount which represents the difference between the projected charges offered by the Existing Supplier in the Initial Renewal Offer Letter and the projected charges under the New Contract; or
(b) Up to £1,000 Cashback,
(with the lesser of a. and b. above being the Payment Amount and being deemed to include any and all applicable VAT and taxes).
For full Confidence - Switch and Save Challenge: Terms and Conditions, please visit the Love Energy Savings website.