Save up to 65% on your bills by comparing business energy rates for November 2024
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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 name, business name, contact number, door number & postcode.
- The name of your current energy supplier(s)
- Your annual energy usage (found on your latest bill)
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Compare your options online to discover the most affordable energy tariff. We'll pay you £1,000 if we can't beat your renewal quote.
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We take care of the switch, so you can start saving right away. Your account manager handles all paperwork.
Choose Mo Utilities for hassle-free business energy comparisons
At Mo Utilities, we're more than just a tool – we're a dedicated team here to guide you every step of the way. From comparing prices to finalizing contracts, our customer support specialists ensure a smooth switching process. With our managed service, you can rest easy knowing your business won't face power interruptions or the hassle of switching suppliers. We handle the paperwork and all the details, so you can focus on what matters most – driving your business forward.
- Expert advice tailored to your business's needs
- Competitive quotes from trusted energy suppliers
- Price comparisons based on your specific energy 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 energy rates for November 2024 and start saving today!
Looking for the latest business energy rates? The table below shows the average cost per unit of gas and electricity for a one-year fixed-term contract starting in November 2024.
| Business size | Electricity Unit Rate | Electricity Standing Charge | Gas Unit Rate | Gas Standing Charge |
|---|---|---|---|---|
| Micro business | 26.6p per kWh | 64.6p | 8.9p per kWh | 33.9p |
| Small business | 25.6p per kWh | 83.0p | 8.5p per kWh | 36.6p |
| Medium business | 26.1p per kWh | 65.5p | 8.3p per kWh | 79.2p |
| Large business | 26.4p per kWh | 68.5p | 8.4p per kWh | 55.7p |
Please note: The above information is based on the latest available data from energy wholesalers. Actual energy prices can vary daily and may depend on your location and meter type. For the most accurate and up-to-date rates, enter your postcode into our business energy comparison tool.
Businesses are always evolving, adapting to shifts in industry trends, customer demands, growth prospects, and market conditions.
Why is it beneficial to change your business energy supplier?
Small saving can add up
Switching your business energy supplier can lead to substantial savings. Since businesses generally consume more energy than households, paying too much can become costly. Even minor variations in the price per unit can result in significant savings throughout the year.
New premises? New contract?
If you've recently moved into new premises, you may be placed on a deemed energy contract. This default agreement, which applies if you haven't set up your own contract, is often one of the most expensive options. Switching suppliers can help you avoid these high rates.
Avoid out of contract rates
If you haven't switched your tariff in a while, your supplier may have moved you to an out-of-contract rate. These rates tend to be variable and often much higher than fixed tariffs available elsewhere. Switching to a new supplier with a more competitive rate can lead to substantial savings.
Tariffs that grow with your business
As your business expands, your energy consumption will grow too. With more employees and potentially larger or multiple locations, your energy demands will rise. This highlights the importance of finding the right energy deal to manage costs effectively.
Going Greener
Changing energy suppliers can also provide access to more eco-friendly energy options. Many providers now offer green energy tariffs that help lower your business's carbon footprint. This is increasingly significant as more customers and partners prioritize working with environmentally conscious companies.
Factors to keep in mind when comparing business energy deals
When comparing business energy deals, it's crucial to evaluate several important factors to ensure you're securing the best value and service for your business. Here's what you should consider: 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.
Fixed or flexible rates
Choosing between fixed or flexible rates is important. Fixed rates provide stability with consistent pricing, making it easier to budget. Flexible rates can change with the market, offering potential savings but also the possibility of higher costs. Select the option that aligns with your risk tolerance and need for budget predictability.
The contract term
The contract length impacts both cost and flexibility. Longer contracts might secure lower rates but limit your ability to switch suppliers if better offers come up. Shorter contracts offer more chances to reassess and switch but could come with higher rates. Consider what's more important to your business and refine your tariff options accordingly.
Standing Charges
Standing charges are daily fees that apply regardless of your energy consumption. It's important to compare these charges across suppliers, as they can have a big effect on your total costs. For businesses with low energy usage, choosing suppliers with lower standing charges can help reduce unnecessary expenses.
Available payment methods
Suppliers offer different payment options, including direct debit, monthly billing, or pay-as-you-go. Each method may come with discounts or extra charges. Select a payment plan that fits your business's cash flow and financial management needs.
Meter type
Your meter type can impact the tariff options available to you. For instance, Economy 7 meters offer lower rates during off-peak hours, which could be ideal for businesses like bars or nightclubs. Make sure to compare deals that align with your meter type to make the most of potential savings.
Renewal Option
Review the renewal terms at the end of your contract. Some suppliers may automatically renew your contract at higher rates if you don't renegotiate. Being aware of your renewal conditions helps prevent surprise price hikes and allows you time to consider other alternatives.
Understanding the ins and outs of business energy contracts puts you in control of your switching options and managing current agreements.
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Read MoreWhat is your business size? Small, medium, or large?
We customize electricity tariffs to suit your business needs. Check out our offers for small, medium, and large businesses to find the ideal plan for you.
Micro Business
COMPARE PRICESSmall Business
COMPARE PRICESMedium Business
COMPARE PRICESLarge Business
COMPARE PRICESWant to contribute to the UK's journey towards Net Zero emissions?
Explore and compare renewable energy tariffs for your business
With advancements in green technology, renewable energy plans are now more accessible and affordable for businesses. Some energy companies even offer green tariffs as the default option, making it simpler than ever to switch to a green business energy plan.
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Decoding business electricity pricing structures
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
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
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
Our Core Services
Business Electricity
Business Gas
Business Water
Business Energy
Business Broadband
Business Merchant
Looking to save on business energy costs? There's a calculator for that.
Let's be honest, nobody has the time to spend all day calculating numbers. That's why we developed a business energy savings calculator to do the heavy lifting for you. It's free, accessible anytime, and delivers accurate results in just four simple steps. Give it a try and find out how much you could save by switching your business energy provider with Mo Utilities.
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