Compare Business Electricity Prices, Suppliers & kWh Rates

Fixed rates lock in electricity prices for the entire duration of your business electricity contract. It is the most popular choice for businesses because it offers price stability and peace of mind.

This means that if wholesale prices rise, your unit price remains constant – allowing for better budgeting and financial planning.

However, fixed-rate business energy contracts are typically longer (up to five years) than domestic contracts (one to three years).

Pass-through rates are charges on a business’s energy bill for costs that are beyond the control of the energy supplier, such as transmission, distribution and government levies.

For instance, fixed-rate contracts lock in the price per unit of electricity, but other charges like network fees and green levies may fluctuate, leading to some variation in your monthly bill. Pass-through rates show this transparency so you can see exactly what each cost is.

If you don’t switch plans before your contract ends, you automatically go onto much higher “out-of-contract” rates when no contract is in place.

Businesses may find themselves on out-of-contract rates if they fail to negotiate a new deal before their current fixed-rate contract expires or if they move to a new location and don’t immediately set up an energy contract.

Smart meters track your exact energy usage and send the readings automatically. This means no more estimated bills or manual meter readings – you only pay for the electricity you use.

Green – or renewable electricity – tariffs are when your electricity supplier matches the electricity you buy with renewable energy sources. If sustainability is what you’re after, opt for green tariffs to reduce your carbon footprint and potentially save money on your business electricity bills.

This plan adjusts your unit price monthly based on the wholesale market. It’s flexible and can save money when prices drop, but budgeting can be tricky as costs fluctuate.

Rollover tariffs are essentially a penalty for inaction.

Businesses may find themselves with rollover tariffs when they “forget” to renew or renegotiate new contract terms with their current supplier.

Rollover tariffs automatically renew if the business doesn’t switch suppliers or negotiate a new deal before the current deal ends. These are significantly more expensive than the original contract rates.

Rollover tariffs may look similar to out-of-contract deals but differ ever so slightly. Rollover rates are applied when the supplier automatically “rolls over” your tariffs to a new contract whereas out-of-contract tariffs apply when you don’t have a contract in place.

Deemed business rates are applied when businesses move into new premises without having set up an electricity contract with a new supplier. They have one of the highest electricity rates!

These rates differ from out-of-contract deals as they occur when no previous contract was put into place. Out-of-contract tariffs are when businesses have/had an existing contract but didn’t negotiate new terms before the contract expired.