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 business postcode

The name of your current energy supplier(s)

Your annual energy usage (found on your latest bill)

Ready to ditch expensive rollover contracts and high deemed rates?

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

Enter your business postcode to get customized quotes from the UK’s top providers.
Let’s secure the best price for you. If we can’t beat your renewal quote, we’ll pay you £1,000!
Your account manager will handle all the paperwork and answer any questions you have about utilities.

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.

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.

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.

Get informed about everything related to business energy

Our business energy experts provide comprehensive guides on topics ranging from MPANs and meter readings to price caps and cooling-off periods. Explore our latest articles below or visit our Energy & Utility Guides hub to access the full collection.

Our Core Services

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Business Energy

From comparing prices to finalizing contracts, our customer support specialists ensure a smooth switching process.

Business Water

With our help. You’ll get a better quality service, lower water bills and better value for money.

Business Broadband

Business broadband is now regarded as the “fourth utility,” essential for operating a successful company.

Business VoIP

A VoIP phone system offers all the features of a traditional PBX, but it is hosted on the cloud, allowing you to make calls over the internet.

What 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

Small Business

Medium Business

Large Business

Want to contribute to the UK’s journey towards Net Zero emissions?

Explore and compare renewable energy tariffs for your businessExplore and compare renewable energy tariffs for your business

Want to contribute to the UK’s journey towards Net Zero emissions? With advancements in green technologies, renewable energy deals are now more affordable and accessible. Some energy companies even offer green tariffs as the default option, making it simpler than ever to switch to a green business energy plan.
Energy suppliers provide tariffs with different levels of renewable energy. Some offer 100% green electricity, while others blend renewable sources with conventional energy. Be sure to compare the specific energy mix of each supplier to ensure it aligns with your sustainability goals.
Although green energy tariffs may occasionally cost more than traditional ones, they can provide long-term savings and price stability, particularly as fossil fuel prices vary.
Like standard tariffs, renewable energy contracts can feature fixed or flexible rates with different contract durations. Consider these elements in line with your business's financial goals and energy usage habits.
Choose suppliers who are open about their energy sources and have certifications from respected environmental organizations. This guarantees that the renewable energy you’re purchasing is genuinely sourced from sustainable methods.
The renewable energy market is constantly changing, with green tariffs becoming more affordable as technology improves. By comparing deals regularly, you can ensure you're getting the best and most cost-effective renewable energy options available.

Success Stories

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
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.

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 online 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.

Frequently Asked Questions

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