Or Enter Your Details Below.

If you’re in the USA CLICK HERE - If you’re looking for HOME ENERGY OFFERS CLICK HERE

Welcome! We’re here to save you money.

Welcome to our business energy price comparison page. Here you can get up to 100 commercial electric or gas quotes by comparing online in real time or simply filling in one easy form. We compare and offer tariffs from the big brands and smaller independent energy suppliers. You can select anything from a 1 year to a 5 year contract with prices based on different methods like cheque, bacs or direct debit. When you select an offer you're happy with, we’ll send you an e-sign application so you can apply online in 5 minutes with no paperwork hassle or delays.  If you've got a question or need assistance our friendly team will be happy to help too, just call us on 0141 291 5004. 

Unlocking Savings in the UK Deregulated Energy Supply Market

What is the Deregulated Energy Supply Market?

The deregulated energy supply market in the UK refers to the shift in how businesses can source their electricity and gas. Since 1999, the UK has moved towards a fully competitive energy market, enabling businesses to choose their energy suppliers from a variety of providers rather than being tied to a single utility company. This change has created a wealth of opportunities for businesses to reduce overheads, enhance energy efficiency, and find tailored solutions that best fit their needs.

Opportunities for Businesses to Reduce Overheads

With the energy market now deregulated, businesses can take full advantage of the increased competition and flexibility. Here’s how:

1. Lower Energy Prices

The most immediate benefit of the deregulated market is the opportunity to reduce energy costs. By shopping around and comparing tariffs, businesses can secure more competitive rates and lock in better prices. With numerous energy suppliers competing for your business, companies can take advantage of price fluctuations, negotiate long-term contracts, or opt for flexible pricing plans to minimize overhead costs.

2. Customizable Energy Contracts

Energy suppliers now offer a range of contract types, allowing businesses to tailor agreements to match their consumption patterns and financial goals. Whether you’re a small business looking for a short-term contract or a large corporation seeking a fixed-rate deal for several years, the deregulated market ensures you can find a solution that aligns with your budget and operational needs.

3. Better Control Over Energy Usage

The deregulated market has also led to greater transparency and access to real-time data on energy consumption. Many suppliers now provide smart meters and digital dashboards, enabling businesses to monitor energy use more closely, identify waste, and optimize energy efficiency. With more control over usage, businesses can adopt cost-saving strategies and reduce unnecessary consumption, directly impacting their bottom line.

4. Enhanced Flexibility and Payment Options

With more choice comes more flexibility. Many energy suppliers offer businesses a variety of payment options, from monthly billing cycles to flexible payment terms. Businesses can adjust their billing frequency or take advantage of discounts for early payments. This flexibility can improve cash flow management and make energy costs easier to predict and control.

5. Opportunities for Renewable Energy Solutions

Deregulation has also opened the door to renewable energy sources. Many businesses are now looking to reduce their carbon footprint and transition to more sustainable energy sources. Deregulated suppliers offer green energy plans, allowing businesses to source electricity from renewable sources like wind, solar, and hydroelectric power. By choosing these options, businesses can not only reduce energy costs in the long run but also enhance their sustainability credentials, which is increasingly important to customers and stakeholders.

6. Energy Efficiency Support and Consultancy

A growing number of energy suppliers now provide consultancy services to help businesses identify inefficiencies and reduce overall energy consumption. These services include energy audits, advice on energy-saving measures, and guidance on improving building insulation and lighting systems. By working with energy suppliers that offer expert advice, businesses can pinpoint areas for improvement, reduce waste, and lower energy bills.

Key Benefits of the Deregulated Energy Market for Businesses

• Cost Savings: By switching to a more competitive supplier, businesses can enjoy lower energy rates and reduce their overall energy spend. This is particularly important for companies with high energy demands, such as manufacturing firms or large offices.

• Increased Transparency: With deregulation, businesses now have better access to their energy data, enabling them to track consumption, identify inefficiencies, and take targeted action to reduce costs.

• Access to Tailored Solutions: Deregulated suppliers are eager to offer personalized services and pricing plans. Businesses can negotiate terms, select contracts that fit their needs, and enjoy services that align with their usage patterns.

• Improved Cash Flow: Flexible billing arrangements, better contract terms, and potential savings mean businesses can better manage cash flow and reinvest those savings into other areas of the business.

• Sustainability and Green Initiatives: Switching to renewable energy can lead to both cost savings and enhanced environmental credentials, which can improve a business’s brand image and appeal to environmentally conscious customers.

• Future-Proofing: With energy prices fluctuating due to market conditions, deregulated suppliers allow businesses to lock in fixed prices for long periods or take advantage of dynamic tariffs, helping mitigate future cost increases.

How Businesses Can Maximize Savings in the Deregulated Energy Market

1. Shop Around: The key to unlocking savings is comparing offers from multiple energy suppliers. Businesses should regularly review their energy contracts to ensure they are getting the best possible deal.

2. Use Energy Management Tools: Leverage smart meters and analytics tools to monitor consumption, identify inefficiencies, and act on data-driven insights to reduce waste and optimize usage.

3. Opt for Fixed-Rate Contracts: Locking in a fixed energy rate can provide stability and protection from price increases in volatile energy markets. This is particularly beneficial for businesses with high or unpredictable energy usage.

4. Consider Renewable Energy: If your business is looking to reduce carbon emissions, consider switching to renewable energy sources. Not only does this support environmental goals, but it can also offer long-term cost savings.

5. Seek Expert Advice: If navigating the deregulated market feels overwhelming, consider working with an energy consultant who can guide you through the selection process and help you negotiate the best deal for your business.

Take Control of Your Energy Costs Today

The deregulated energy market in the UK has opened up significant opportunities for businesses to reduce their energy expenses, enhance operational efficiency, and improve sustainability. By taking the time to explore your options, compare suppliers, and implement energy-saving strategies, you can unlock savings and ensure your business is operating as efficiently as possible.

At PowerSwitch.com, we specialize in helping businesses navigate the deregulated energy market. Whether you’re looking to switch suppliers, optimize energy consumption, or implement green energy solutions, our team is here to help you make the most of your energy costs.

What’s going on with prices!

2021 saw some record breaking high prices with gas and electricity tariffs more than doubling for home and business energy consumers. In 2022 prices hit record high’s largely on the back of the Ukraine war and the subsequent scramble to find alternatives to Russian gas supplies. It’s been a bit of a perfect storm with the world ‘returning to business’ post Covid, increasing demand and driving oil and gas prices up. Now in 2024 the UK is a net importer of energy and is struggling to import and generate enough power as the world competes for supplies. Liquid natural gas tankers have been diverted mid voyage away from the UK to the highest bidder, oil barrel prices rose, sub sea inter-connectors failed and even green energy sources like wind power stalled in benign weather. So our prices still remain relatively high and looking ahead the consensus is that prices will remain high for at least 2 years until such time as the UK becomes more ‘energy independent’. For those reasons most of our clients opt for 2 - 3 year deals at the moment but the choice is always yours. You can select a gas or electric tariff that runs from 6 months to 5 years.

No paperwork - No delays- No hassles. 

We store your quotes and can refresh prices without re-entering details at anytime . We’ll remind you of your energy contract renewal date in the future so you never miss the chance to shop around and save money on your electric and gas bills again. We adhere to the TPI Code of Practice so you can trust our service and advice, which is all FREE. Cut the time it takes to shop around for the best deals..we'll save your business money on gas and electricity, giving you more time to concentrate on your business. Since we started we've helped over 13,000 UK businesses to save money on their energy contracts ..we'd love to help you too.

What is PowerSwitch.com?

PowerSwitch is a free, independent price comparison service that helps you compare energy prices and switch your gas and electricity supplier to save on your household bills or business overheads.

We’ve helped more than 20,000 people compare energy deals and save on their energy bills since 2008, Our calculator is accredited by the Ofgem Confidence Code. PowerSwitch.com is also a registered broker with the ADR ( Alternative Dispute Scheme ). Always check your broker is listed on the scheme otherwise they are operating illegally.

Why compare energy prices?

If you haven’t switched your energy tariff recently, it’s unlikely you’re on the best deal available. With PowerSwitch you could save £400 on average off your energy bills simply by switching.

There’s no one single option that suits all, so it’s important to run an energy comparison based on your details. That way we can help you find the best energy deals in your postcode area tailored to your usage.

Can I get a cheap gas and electricity deal for my home or business?

At the time of writing ( May 2023 ) there's no active switching in the residential energy market in the UK as we are all on the same capped rates. This was introduced by the government to shield home energy consumers from historically high energy rates. We hope competition will return to the home gas and electricity market, possibly as early as June 2023. When that happens to find the cheapest gas and electricity deals you’ll need to shop around using our software. If you’ve previously signed a fixed term contract you’ll likely be rolled onto a standard tariff, which is the most expensive type of plan.

If you’ve never switched it’s highly likely you can find a cheaper energy deal in minutes with PowerSwitch.com. Simply enter a few details and search for a cheap energy deal.

You may even be able to stay with your current suppliers but switch to a cheaper energy tariff. Check to see if your current supplier has a cheap gas and electricity deal on offer — the cheapest energy supplier might be the one you’re with now.

Which is the cheapest energy supplier?

There’s no one answer. The best option for someone else isn’t necessarily the cheapest for you. That’s why we compare energy suppliers tailored to you to get the best energy deals.

Energy suppliers vary their pricing by region, meter type and usage. Different energy suppliers also target different types of consumer so some might offer a cheaper deal to consumers with high usage.

We compare ‘all of market’ so you can choose a deal not only on price but by customer satisfaction rating.

Can I compare gas prices or compare electricity prices separately?

Yes, while you can compare dual fuel prices with PowerSwitch.com you can also choose to compare gas prices or compare electricity prices separately, depending on your needs.

Not all customers use both types of energy and many energy suppliers offer tariffs for just one type of fuel. You can also compare gas and electricity separately if you wish to choose different suppliers for each rather than one dual fuel supplier.

Can I compare electricity rates only?

If you don't have gas you can search for separate electricity-only tariffs. When comparing energy prices with PowerSwitch.com just select ‘dual fuel’, ‘electric only’ or ‘gas only’.

If you use both gas and electricity but want to compare rates from different brands, you can choose to see these separately by choosing 'show electricity results' for example on your results page.

Can I compare gas only tariffs?

While every premises uses electricity you can click the ‘gas only’ button and compare gas prices from the big six brands and smaller independent suppliers.

There are a number of gas-only suppliers and many energy suppliers also offer separate gas-only tariffs.

To compare gas tariffs with PowerSwitch.com, simply run an energy comparison and select 'gas only' on your results page. You'll can easily compare gas-only plans and dual-fuel tariffs to see which is the best energy deal for you.

What information do I need to provide to compare energy prices?

For us to run an energy comparison, we’ll need your postcode and address details and it helps to have a recent energy bill to hand. If you don’t have a bill you can just input how much you pay for your gas and electricity. If you don’t know how much you pay we can estimate your usage based on OFGEM averages. To complete your switch you’ll need to provide contact and payment details so your new supplier can take over your energy account.

What happens once I’ve switched energy?

PowerSwitch.com is a free service that handles the switching process for you. Once you’ve completed your energy switch, your new energy supplier will contact your old supplier and agree a switching date. You will then receive a welcome pack and letter from your new gas and electricity supplier. This will outline what you’ve agreed to, and tell you what happens next. There won’t be any interruption in your energy supply. If you’re a business, suppliers aim to take over the day after your current contract ends.

How long does it take to switch energy supplier?

It only takes a few minutes to run an energy comparison on PowerSwitch. If you’re a home customer there’s a 14-day cooling-off period in which you can cancel your switch if you change your mind. The whole energy switching process should be complete in 17 days or on your renewal date if you run a business..

Why are my energy bills so high?

Your gas and electricity bills are largely dependent on how many kwh’s ( units) you burn, but there are other reasons your bills might have gone up recently:

1. Your contract ended
   A fixed price plan protects against price rises. These plans do end though, and when they do you get automatically rolled on to a new plan with different rates. This is often a standard variable tariff or default tariff, the most expensive type of plan on offer.

2. Your energy supplier has raised prices
   If you’re on a standard variable or default tariff, your energy supplier can raise prices at any time. It pays to ‘lock in’ prices with a fixed price deal for the duration you prefer.

3. Your bills are over estimated.
   Check that your bill is based on actual readings of your electricity meter rather than estimated ones. It’s important to take your own readings so that you get charged accurately. Or consider getting a smart meter, which provides real-time meter readings and can help you monitor your energy usage — you can request one from your supplier or switch to a smart meter tariff. Be aware though that there is no national standard for smart meters which might mean you’ll have trouble switching in the future to another supplier ( some suppliers can’t read data from some meters).

Can I switch my energy plan if I have a prepayment meter?

Yes, you can still switch your energy deal if you’re on a prepayment meter. Just select ‘Prepayment meter’ when you’re asked how you pay your energy bills. You can tell you’re on a prepayment meter if you pay in advance with a smart card, token or key. You can also choose to switch away from using a prepayment meter by replacing it with a credit meter and this will give you more savings and more choice of suppliers.

Can I switch energy if I’m renting a property?

Yes, you can switch to a better energy deal if you’re a tenant. The only exception is if your landlord pays the energy bills or if energy charges are included in your rent. If your name is on your energy bill you have the right to switch energy supplier and save on energy.

What’s the difference between a fixed rate contract and a variable rate tariff?

Once you’ve run an energy comparison you’ll be able to choose from available tariffs, which could include fixed rate contracts or variable price tariffs. Fixed rate contracts usually run from 1-5 years and guarantee the rate you pay for your energy during this time. Variable rates can go up or down depending on wholesale energy prices.

It’s important to note that this is different from a standard variable tariff, which you’ll usually be switched to after your fixed rate ends. Standard variable tariffs are usually a supplier’s most expensive plan so it pays to shop around if you’ve been rolled onto this type of plan after your fixed rate term has ended.

How do I know the which is the best energy supplier for me?

The best gas and electricity supplier for you won’t necessarily be the cheapest. With PowerSwitch you can filter by what’s important to you, whether that’s the lowest price, a big name supplier or one that offers green energy for example.

We also know customer service is important, so you can review customer ratings to help you compare energy suppliers, from the well-known ‘big six’ to the smaller independent suppliers ( who often provide better rated service).

Can I switch to the same energy supplier?

If you don’t want to switch away from your supplier, you still might be able to find a better deal with PowerSwitch. If you haven’t switched your energy deal before it’s likely that you’re on your provider’s standard variable or out of contract rate, often the most expensive type of plan on offer. You can use PowerSwitch to switch to a better energy deal from your current provider if you’re happy with the service but want to save on your energy bills.

Energy Contract Termination & Renewal

When do I need to serve termination?

Generally, termination must be served when the customer is switching supplier, it’s not required for renewals. Termination is always served to the current supplier. Customers can serve termination at any time, without penalty, up until the last 30 days of their current contract. For example, if my contract ends 30/11/2019, then I would need to serve my termination by 30/10/2019, i.e. 30 days before the end of the current contract.  

What happens if the contract is within the last 30 days, is it too late to serve termination?

If the customer has already entered the last 30 days, then they have missed their time to serve without penalty. The customer can still serve termination but the way to think of it is that you usually have to give at least 30 days’ notice to leave. If we take the same example above, my contract ends 30/11/2019, but let’s say I’ve left it until the 15/11/2019 to serve termination. This means my fixed contract ends in 15 days and after that I go ‘out-of-contract’ (OOC). But I have to give the full 30 days’ notice before I can leave. So, I will have 15 more days on my fixed contract, but then I will have 15 days OOC paying those higher rates. Paying those 15 days’ worth of higher rates is my punishment for not serving on time.  

Do I always have to serve termination if I want to leave and switch supplier ?

Usually yes, but there are some times when it’s not required. If the customer has just moved in as a new tenant, (change of tenancy = COT), and they want to switch, they don’t need to serve termination, but they do need to go through the COT process (which itself terminates the current contract). Customers also do not need to serve termination if the are OOC on ‘deemed’ rates. A customer is usually on deemed rates when they have taken possession of a premises but haven’t yet agreed a new contract. As long as the current supplier is aware of the COT, they a free to leave without serving termination.  

How do I serve termination?

This is different for different suppliers, for most it’s via email. Some have a specific online portal and many suppliers will accept termination via recorded delivery.