Business electricity rates fluctuate constantly, and without a fixed contract, you may end up overpaying. Staying loyal to your supplier doesn’t always work in your favor, as providers often reserve their best rates for new customers to attract them. Here’s why you should consider comparing business electricity deals and making a switch:
Avoid Out-of-Contract Rates - Have your electricity bills suddenly increased? You could be on out-of-contract rates. Switching now can help lower your costs, and if you prefer to stay with your current supplier, we’ll negotiate a better deal on your behalf.
Lock in a Long-Term Rate - Energy markets are unpredictable, so securing a low rate for the long term provides peace of mind. We offer competitive deals ranging from 1 to 4 years, tailored to your business needs.
Reliable Suppliers - No one wants to deal with a supplier going out of business. That’s why we partner with a trusted network of providers who offer stable service and competitive business electricity rates. Plus, we’ll handle the admin so you can focus on running your business.
Switching business electricity is more complex than switching domestic energy. That’s why 75% of business owners prefer speaking to an expert to get their questions answered. Our tech-enabled specialists are ready to assist business owners like you.
Business electricity prices are determined by various factors, including standing charges, unit rates, and additional fees. We’ll go beyond the headline figures to identify the deals that offer real savings for your business.
Why settle for the first price you're offered? As the UK's leading business electricity comparison service, we leverage our strong industry connections to secure exclusive rates from a trusted panel of energy suppliers. We tailor pricing to suit your business needs.
Bionic has a dedicated team that handles the transition between your old and new suppliers, saving you the hassle. During our consultation, we’ll ensure all details are accurate, increasing the chances of a smooth contract switch.
Start a business electricity comparison with just your postcode. We use secure smart data to find the details we need to run your quote.
Once we know more about the needs of your business, we'll compare quotes and exclusive deals from our panel of trusted UK suppliers.
One of our experts will explain the quotes on screen and answer any questions. You choose the best deal and we’ll handle the rest.
You can compare business electricity deals and secure a new contract as soon
as your switching window opens, typically up to six months before your
current deal ends. However, the actual switch will only take effect once
your contract expires.
Non-domestic switches generally take around six weeks to complete. To avoid
being moved to your supplier’s higher rates, it’s best to compare business
electricity deals and arrange a new contract about two months before your
current one ends.
No, your current and new suppliers will coordinate to ensure a smooth transfer of your electricity supply without any disruptions. Since the same existing cables will be used, there’s no need for any digging or drilling at your workplace.
At Bionic, we use smart data to get the info we need to run a business
electricity comparison. This means we only need your business name and
postcode to compare business electricity rates.
But to make the switch, we’ll also need your MPAN or MRPN number.
You can find your MPAN on your electricity bill. MPAN stands for Meter Point
Administration number, but is also known as the ‘Supply Number’ or ‘S
Number’. You should be able to easily identify it as it’s a 21-digit number
that begins with an ‘S’. Although it’s used to identify the supply meter at
your property, you won’t find your MPAN displayed anywhere on your meter.
To find out more about meter numbers, check out Bionic’s guide to MPAN
numbers and MPRN numbers.
If you have a standard electricity meter, it’s unlikely that it will need to be replaced when you switch. However, if you have a smart meter, a replacement may be necessary if your current meter isn’t compatible with your new supplier. For more details, check out our guide to smart meters for businesses.
If your business has a peak electricity demand of 100KVA, a half-hourly meter
is required. These meters automatically send readings to your supplier every
30 minutes, ensuring accurate billing.
If you have a half-hourly meter, your MPAN will display ‘00’ after the ‘S’.
For more details, check out our guide to half-hourly electricity.
The Smart Export Guarantee (SEG) is a UK Government scheme introduced on
January 1, 2020, allowing businesses to sell excess renewable energy back to
the National Grid.
It replaced the Feed-in Tariff (FIT), which closed to new applicants on
April 1, 2019.
Find out more about how you can sell renewable energy back to the grid.
If your business applied to the FiT scheme before April 1, 2019, you should
be enrolled, allowing you to earn money by selling surplus solar energy back
to the National Grid.
Your earnings depend on the number of solar panels you have, and your
supplier must be a registered FiT licensee.
Switching to a business electricity supplier that uses renewable energy can
benefit both your energy costs and your company’s reputation. Demonstrating
your commitment to sustainability can positively impact how customers
perceive your business.
Green electricity is widely available across the UK and is generated from
natural sources like sunlight, wind, rain, plants, and geothermal heat.
Contact our tech-enabled team to compare quotes from green energy suppliers.
Business electricity rates fluctuate constantly, and the best way to secure the most competitive deal is to compare prices and switch. Signing up for a new contract as soon as your switching window opens can help you lock in lower rates and stay ahead of potential price increases.
Commercial electricity rates fluctuate due to the way energy is bought and sold. Suppliers offer different deals at different times, meaning the cheapest provider can change frequently. That’s why it’s wise to compare business electricity prices as soon as possible—historically, rates tend to rise rather than fall.
Business electricity contracts don’t offer an early termination option. If you want to cancel your business electricity contract, you’ll need to contact your supplier when your switching window opens. Your contract will still run until its scheduled end date, but cancelling it means your supplier won’t be able to automatically roll you onto a more expensive deal and you can sign up to a better deal with a new supplier. To save you time and hassle, Bionic can do all this on your behalf and will do so automatically as part of our Digital Renewals service.
Yes, electricity prices vary across different regions of the country. The
main factors influencing these variations include:
- Supply and demand The availability of electricity and how much
suppliers can sell in a specific region.
- Supplier costs The price suppliers pay to purchase electricity from
the National Grid in that area.
- Transportation costs: Charges from local electricity distributors
for delivering power, often making electricity more expensive in rural
areas.
With the rise of renewable energy sources, prices are also decreasing in
regions that generate their own sustainable power.