Compare Business Energy Prices

We compare quotes from a panel of suppliers to find a deal that works for your business. If you’d prefer to switch to any specific suppliers on the list, let us know.

If you run a large, high-energy consumption business, we offer a range of additional services, including bespoke procurement, bill validation, metering and data collection, and meters for multiple sites.

The amount of energy your business uses depends on its size and how it operates. Energy usage is measured in kilowatt-hours (kWh). To give you an idea of typical consumption, here's a breakdown for different business sizes:

Microbusinesses: Average 10,000 kWh of gas and up to 15,000 kWh of electricity annually

Small businesses: Average 25,000 kWh of gas and up to 25,000 kWh of electricity annually

Medium-sized businesses: Average 45,000 kWh of gas and up to 50,000 kWh of electricity annually

Large businesses: Use more than 65,000 kWh of gas and over 50,000 kWh of electricity annually

This guide can help you estimate your business's energy needs and make informed decisions.

No, the energy price cap does not apply to business energy rates; it only affects domestic rates. Business and household energy differ significantly, mainly in how energy is purchased and sold, as well as how contracts are structured.

Business energy bills are often more expensive than domestic ones due to higher energy usage by businesses. Several costs contribute to the total amount you pay each month. To determine if business energy tariffs are cheaper than household ones, consider these standard costs:

Unit Costs: This is the amount you pay for the energy you use. Rates are usually cheaper for business users compared to domestic customers. As a business customer, your unit rate depends on your business size, energy usage, and contract length. Domestic users typically pay a set rate based on their chosen fixed-rate tariff.

Standing Charge: This is a fixed daily amount paid regardless of energy usage, covering the cost of supplying and connecting gas and electricity to your premises. This charge is often higher for business energy users.

VAT: The biggest cost difference between business and household energy bills. Households pay a 5% VAT rate, while businesses typically pay 20%. However, certain businesses may qualify for a reduced VAT rate of 5%. Learn more in our guide to VAT on gas and electricity for businesses.

Your switching window is the earliest time you can start comparing prices and arranging a new deal. It's your supplier's responsibility to inform you when this window opens. Typically, this is 90 days before your contract ends, but the timeframe can vary, so always check your contract. If you run a microbusiness, be aware that the switching rules are different from those for other SMEs.

Regardless of your switching window's length, your supplier must provide written confirmation of it and explain their automatic renewal policy and the terms of their deemed contracts.

A Letter of Authority (LOA) is a recognized legal document that you must sign when comparing business energy prices and switching with any broker, comparison site, or third-party intermediary (TPI).

The LOA follows a standard format and allows a third party to gather information, negotiate, and submit notice of termination on your behalf. However, it does not grant them the authority to agree to a contract without your consent.

When you switch with Bionic, signing this letter gives us permission to manage the switch with both your old and new suppliers. However, we cannot finalize a contract on your behalf until you've signed the LOA, ensuring you remain in complete control of the switch.