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Save up to 65% on your bills by comparing business electricity rates for November 2024!

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electricity rates.

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How it works

Compare rates, make the switch, and save on business electricity!

At Mo Utilities, our top priority is securing the best electricity tariff for your business. Our expert analysts compare competitive rates from leading energy suppliers to deliver tailored quotes in just minutes.

To get started, simply provide:

  • Your business name, door number, contact number and email address.
  • First line of your address and postcode
  • Your contact number
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Ready to ditch expensive rollover contracts?

Start comparing business energy quotes today and see how much you could save!

1

Enter your details

Enter your business postcode, addresses and contact info to get to get customized quotes from the UK's top providers.

2

Compare options

Let's secure the best price for you. If we can't beat your renewal quote, we'll pay you £1,000! **T&Cs Applied

3

We do the rest

Your account manager will handle all the paperwork and answer any questions you have about utilities.

Why choose Mo Utilities for comparing business electricity rates?

At Mo Utilities, we offer more than just a comparison tool – we provide expert support from a team of energy professionals. Our customer support specialists are always just a few clicks away, ready to guide you through every step of the process. We're also experts in commercial electricity contracts, helping you navigate the details and fine print with ease. From exploring deals to comparing offers and finalizing contracts, we're here to assist you every step of the way, ensuring a smooth and confident switch.

  • Expert advice tailored to your business's needs
  • Competitive quotes from trusted electricity suppliers
  • Price comparisons based on your specific electricity requirements
  • Live pricing data for the most accurate quotes
  • Fully managed services from start to finish
  • Best prices guaranteed – we'll pay you £1,000 if we can't beat your renewal quote!
  • Top-rated customer support (Excellent on Trustpilot)
  • Over 10 years of experience helping 90,000+ businesses save money by switching

Compare business electricity rates for November 2024 and start saving today!

Business electricity rates are constantly changing, so it's crucial to use the latest pricing data for accurate comparisons. To give you a clearer picture of current rates, here's the average cost per unit of electricity on a one-year fixed-term contract starting in November 2024.

Business size Annual usage Unit price (per kWh) Daily standing charge (pence) Annual cost
Micro business 5,000 to 15,000 kWh 26.6p 64.6p £2,833 (based on annual usage of 10,000 kWh)
Small business 15,000 to 25,000 kWh 25.6p 83.0p £5,302 (based on annual usage of 20,000 kWh)
Medium business 25,000 to 55,000 kWh 26.1p 65.5p £10,637 (based on annual usage of 40,000 kWh)
Large business More than 55,000 kWh 26.4p 68.5p £14,548 (based on annual usage of 55,000 kWh)
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A business electricity tariff consists of two key components: the unit rate per kWh and the standing charge.

Explaining business electricity rates

Unit Rate

The unit rate is the price your business pays for each unit of electricity consumed. Factors that can influence unit rates include:

  • Fluctuations in wholesale prices driven by supply and demand dynamics
  • Fixed-rate contracts that let you lock in lower rates for a specific period
  • Bulk consumption discounts for businesses with high electricity usage

Standing/Daily Charge

The standing charge is a fixed daily fee that covers the cost of delivering electricity to your business, including the maintenance of the national grid and distribution infrastructure.

Even if your business doesn't consume electricity the standing charge still applies.

Like unit rates, standing charges vary between suppliers and can greatly affect overall costs, particularly for businesses with lower electricity usage.

Additional/Other Charges

Your business electricity contract may include additional charges.

  • Climate Change Levy (CCL): Unless exempt, you'll need to pay this on top of your electricity bill. It's listed as a separate charge and may not be included in the unit rate quoted.

VAT: A standard rate of 20% is applied, though qualifying businesses may be eligible for a reduced rate of 5%. This discount applies if at least 60% of electricity use is domestic or consumption is under 33 kWh daily (1,000 kWh monthly).

Is it worth the hassle

Is it worth the hassle to switch electricity providers?

Switching your business electricity provider might seem like a hassle, but it doesn't have to be. By comparing quotes online and getting expert guidance from the start, you could save your business hundreds or even thousands of pounds each year. As your business grows, your electricity tariff should adjust to meet its evolving needs. It's crucial to avoid overpaying or not getting the best value, which is why reviewing your electricity contract regularly is key to ensuring you're always on the right plan.

Significant Savings

Businesses typically consume much more electricity than households, so even minor savings can add up significantly over time. By comparing and switching to more competitive rates, you can avoid unnecessary overpayments and keep costs under control.

New site, new contract

When you move to a new business premises, many suppliers will automatically place you on a deemed rate, which is often much higher. To avoid being stuck with a more expensive tariff, make sure to switch suppliers when relocating to a new office or site.

Avoid out of contract rates

After a certain period, some electricity contracts switch you to a variable rate, which can be more expensive than a fixed-rate plan. Reviewing your contract and switching to a fixed-rate option can help stabilize your electricity costs and protect you from price fluctuations.

Growing business needs

As your business expands, so does its energy usage. With more employees and potentially larger or multiple locations, your energy needs will rise. This makes it even more crucial to find the right energy deal to keep your costs manageable.

Quality Customer Support

Our experienced customer service team will ensure not only on switching time but also after switching. And they will take care during turn time. We significantly make changes providing constant services.

Switch to sustainable energy

Switching suppliers can give you access to green electricity tariffs, helping to reduce your company's carbon footprint. As customers and partners place more emphasis on sustainability, meeting higher environmental standards has become increasingly important.

Key factors to keep in mind when comparing options

Business electricity contracts

Finding a great deal on business electricity can be challenging, but we're here to help. Our energy experts have outlined the essential factors to consider when comparing tariffs, ensuring you choose the best option for your business.

Fixed rates provide stability, making budgeting simpler, while flexible rates fluctuate with the market, potentially saving you money but also carrying the risk of higher costs. Consider what's most important for your business when comparing electricity deals.
Long-term electricity contracts may offer lower rates but restrict your ability to switch suppliers. Short-term contracts allow for more flexibility to reassess but could come with higher rates. Find the right balance between cost savings and the flexibility to change.
Electricity needs vary by business size and industry, so it's important to find suppliers that match your specific load requirements. Some providers offer demand-side response (DSR) and off-peak rates, which can benefit businesses that can adjust their usage during peak times.
Suppliers offer different payment options, including direct debit, monthly billing, or pay-as-you-go. Some of these may come with discounts or extra charges. Select a payment method that best suits your cash flow and financial management needs.
Be cautious of extra fees like early termination or setup charges, as they can increase your energy costs. By fully understanding all potential fees, you can accurately compare the true cost of each deal and avoid unpleasant surprises once you've signed the contract.
Some providers offer smart meters that allow businesses to track their consumption in real time, while others provide half-hourly meters for more precise billing and energy management, which can be especially beneficial for larger businesses with higher energy usage.
If corporate social responsibility (CSR) is a priority for your business, consider selecting an electricity supplier that aligns with your values. Providers offering green tariffs from renewable sources can help enhance your company's sustainability reputation.
It's important to avoid getting locked into a contract with penalties for switching. Be sure to check for any early exit fees, automatic renewal clauses, or hidden terms before signing to ensure you're not caught off guard.

Note: Businesses with a maximum energy demand of 100kW or more during any half-hour period are required by law to have a half-hourly meter. For businesses using between 70kW and 100kW per half hour, installing a half-hourly meter is optional.

What factors are impacting my bills

What factors are impacting my bills at the moment?

Energy prices are influenced by a mix of global and local factors. Understanding these can help you manage costs and save money over time.

Learn more about what impacts your business energy bills by downloading our Pricing Guidance Report below.

What is your business size? Micro, Small, medium, or large?

We customize electricity tariffs to suit your business needs. Check out our offers for micro, small, medium, and large businesses to find the ideal plan for you.

Micro Business

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Small Business

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Medium Business

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Large Business

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Switching to green business electricity tariffs is an effective way for companies to reduce their environmental footprint and enhance sustainability

Explore and compare renewable energy tariffs for your business

If managing your Scope 1, 2, and 3 emissions is a key focus, here are the essential factors to consider when comparing renewable electricity options to ensure you secure the best deal for your business

Choose electricity suppliers that offer REGO certificates to confirm their electricity comes from renewable sources. A reputable green energy supplier will proudly display these certifications, ensuring your business is supporting authentic renewable energy initiatives.
Some green energy suppliers provide detailed reports on the emissions savings linked to their tariffs, while others support sustainability by investing in additional renewable energy projects.
Just like standard tariffs, renewable electricity contracts offer both fixed and flexible rates, with different contract durations. Consider these options based on your business's energy consumption patterns.
When comparing electricity suppliers, assess their overall sustainability efforts. This includes evaluating initiatives beyond just green tariffs, as well as their transparency in reporting environmental impact.
Just like with standard electricity tariffs, it's important to ensure that your green contract is a long-term fit for your business. Be sure to review details such as early exit penalties and fixed-rate terms before committing.
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Decoding business electricity pricing structures

Fixed Rate Tariffs

Fixed Rate Tariffs

  • Consistent pricing and predictability for extended durations
  • Shielding from market volatility
  • Perfect for financial planning

Variable Rate Tariffs

  • Prices influenced by market conditions (subject to fluctuations based on demand)
  • Greater flexibility in contract terms
  • Potential short-term savings if market prices decrease
Variable Rate Tariffs
Deemed Rate Tariffs

Deemed Rate Tariffs

  • The standard rate for businesses without a formal contract
  • Usually significantly higher than negotiated agreements
  • Provides continuous energy but isn't ideal for the long term

Pass-Through Tariffs

  • Break down wholesale rates from additional costs like distribution, transmission, and environmental fees
  • Provides clearer insight into your payment structure
  • Frequently favored by larger businesses
Pass Through Tariffs
Green Tariffs

Green Tariffs

  • A portion or all of your electricity will be sourced from renewables
  • Supports your business in lowering its carbon footprint
  • As technology improves, suppliers are offering more competitive rates

Time of use Tariffs

  • Varied rates depending on peak and off-peak hours
  • Opportunity for savings by adjusting usage
  • Ideal for businesses that can adapt their energy consumption schedules
Time of use Tariffs
The six biggest energy suppliers in the UK, often referred to as the "Big Six," include British Gas, EDF Energy, E.ON, npower, Scottish Power, and SSE. While they have traditionally dominated the market, they are now facing growing competition from smaller energy providers.
Customized tariff plans that provide extra features or benefits, such as longer contract durations, bundled services, or improved customer support.
A tax on energy supplied to non-domestic users in the UK, the Climate Change Levy (CCL) is designed to motivate businesses to enhance energy efficiency and lower carbon emissions.
The Office of Gas and Electricity Markets (Ofgem) oversees the electricity and gas markets in Great Britain, ensuring that practices remain fair and competitive.
The timeframe in which you can change energy suppliers without facing penalties, usually towards the end of your contract.
A type of meter used by larger businesses that tracks energy usage every 30 minutes. Half-hourly meters offer detailed consumption data, helping businesses manage and reduce energy costs.

Discover potential savings on your business electricity costs

Try our free business energy savings calculator to find out how much you could save by switching to a better electricity tariff. Available online anytime, it gives you accurate results in just four simple steps.

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Frequently Asked Questions

Business electricity supply refers to the provision of electric power specifically tailored for commercial or industrial use.
Business electricity differs from residential electricity mainly in pricing, contract terms, and load demands. Commercial rates are usually lower per unit due to higher consumption, and businesses often have flexible contracts and tailored plans to suit their specific energy needs.
Switching electricity suppliers for your business is straightforward and does not interrupt your power. Start by checking the end date and notice period of your current contract so you don't incur early termination fees.

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