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Business Electricity

Compare business electricity rates

  • Business electricity is different. No price cap & no cooling off.
  • Compare, switch & renew business electricity to beat price volatility.
  • Enova is the comparison site for your small business.
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How Enova's business connectivity comparison works.

No long forms

Start a business energy comparison with just your postcode. We use secure smart data to find the details we need to run your quote.

We’ll do the comparison for you

Once we know more about the needs of your business, we'll compare quotes and exclusive deals from our panel of trusted UK suppliers.

We'll talk you through the quotes

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.

Why its Better to Talk

A package tailored precisely to your needs.

While most businesses benefit from Superfast and Ultrafast Fibre, our agents provide personalized recommendations tailored to your specific needs

Avoid overpaying for unnecessary speed

We verify the actual speed available at your premises instead of relying on supplier marketing claims, ensuring no unexpected surprises

Prepare your business for rapid growth with future-ready solutions

While most businesses benefit from Superfast and Ultrafast Fibre, our agents provide personalized recommendations tailored to your specific needs

All included as part of the service with Hycus Solution.

Fixed price promise, unlimited packages

  • We offer exclusive deals through our trusted suppliers, guaranteeing no price increases on your broadband and phone line throughout your contract. All our broadband packages are unlimited, including special "unlimited everything" plans, ensuring you never face unexpected charges

Manage all your business essentials seamlessly in one place.

  • Hycus is a one-stop shop for business energy, business insurance, business connectivity (phone line, broadband, VoIP and mobile), and business finance (loans). Save yourself time and hassle by getting all your business products sorted in one place. Just one name to remember for any of your essential services.

Learn about our solutions Contact Center & Technology

Explore our innovative solutions designed to elevate your business operations through advanced contact center services and cutting-edge technology. Whether you’re looking to enhance customer interactions or streamline processes, our tailored offerings ensure seamless integration and optimal performance. Discover how our expertise can help you achieve your goals with efficiency and precision.

When you compare business energy rates, it's unlikely that the rates you're quoted will be cheaper than the rates you're currently paying. This is because inflation means prices tend to go up over time. If you're renewing after a long-term fixed deal, rates may have risen considerably since you last took out a new contract.

And even though energy prices have been coming down since they spiked in 2022, and the market has become less volatile, rates are still higher than at any point since about September 2021.

At Hycus Solutions, we aim to find the best possible rates for your next energy contract compared to what you would be facing elsewhere or your current supplier’s out-of-contract rates. Unless you signed a contract when prices were at their highest, it’s unlikely that you’ll be able to get rates lower than those you’re currently paying.

Business sizeElectricityGas
Micro Business25.7p per kWh7.3p per kWh
Small Business25.5p per kWh7.0p per kWh
Medium Business27.0p per kWh7.3p per kWh
Large Business24.4p per kWh7.5p per kWh
SupplierGas unit rate (kWh)Gas standing charge (daily)Electricity unit rate (kWh)Electricity standing charge (daily)
British Gas7.3p64.3p26.0p49.9p
BG Lite7.8p64.3p26.2p56.0p
EDF Energy7.4p43.1p25.5p57.2p
EON Next8.0p30.0p27.2p37.5p
ScottishPower6.9p35.1p23.4p87.6p
Smartest Energy5.7p144.3p24.1p59.4p
Valda Energy7.1p40.0p25.1p46.1p
Head to our bussiness gas page for up-to-date rates and to find out what unit rates and standing charges your business should pay.

The average amount of energy a business uses will depend upon the size of the business, along with how and why it uses energy.

Energy usage is measured in kilowatt-hours (kWh) and to give you an idea of how much energy a business like yours should be using, below shows general usage for small business and medium businesses.

  • Microbusinesses use an average of 10,000 kWh of gas and up to 15,000 kWh of electricity a year
  • Small businesses use an average of 25,000 kWh of gas and up to 25,000 kWh of electricity a year
  • Medium-sized businesses use an average of 45,000 kWh of gas and up to 50,000 kWh of electricity a year
  • Large businesses use more than 65,000 kWh of gas and more than 50,000kWh of electricity a year

Question Answer

Frequently Asked Questions.

Opus Energy hasn’t gone bust, but it will cease trading from September this year when EDF Energy will take over its current non-domestic energy contracts.

For more information, check out the section “Has Opus Energy gone bust” in our guide explaining what you should do if your business energy supplier goes bust or ceases trading.

If you’re on a fixed Opus tariff, EDF has confirmed your prices, terms, and conditions will stay the same for the duration of your contract.

If you’re on a variable tariff, this will be matched to the closest EDF equivalent.

No, there is no price cap on business energy rates; it only applies to domestic rates. Business energy and household energy are different—this largely has to do with how energy is bought and sold and the way contracts are drawn up.

For domestic customers, the price cap is reviewed every three months. Although this doesn’t directly affect non-domestic rates, it’s worth keeping an eye on it to see whether energy prices are expected to go up. If the price cap review indicates the level of the cap will rise, it’s probably a good idea to review your existing business energy contract and compare rates.

Because of the way business energy is bought and sold, rates are constantly changing. Different suppliers offer various deals depending on when you compare and switch – so the suppliers that offer the cheapest rates are always changing. When it comes to securing a reliable business energy deal, price isn’t the only thing you should consider though – you need to make you choose a deal that best suits your business needs.

Most businesses can run smoothly with a dynamic IP address, which is what comes as standard with most broadband deals. But if your business needs its own network and wants to host its own website, email, VPN, and FTP server then a static IP is best. For more information, check out our static IP address guide.

 

Here’s the updated and structured version:

Although business energy bills are often more expensive than domestic energy bills, there are several reasons for this:

  • Businesses often use more energy.
  • Businesses don’t benefit from dual fuel discounts.

A number of costs contribute to the total amount you pay each month. To determine whether business energy tariffs are cheaper than household ones, it’s worth examining the standard costs found on both types of bills:

  1. Unit Costs

    • This is the amount you pay for the energy you use.
    • Rates are usually cheaper for business users than domestic customers.
    • As a business customer, the unit rate is determined by:
      • The size of your business.
      • The amount of energy you use.
      • The length of your contract.
    • Domestic energy users generally pay a set amount based on their chosen fixed-rate tariff.

  2. Standing Charge

    • This is a fixed daily amount paid regardless of energy usage.
    • It covers the cost of supplying gas and electricity and maintaining the connection to the energy network.
    • This cost is often higher for business energy users.

  3. VAT

    • This is typically the biggest cost difference between business and household energy bills.
    • Households pay a 5% VAT rate on energy bills.
    • Businesses pay 20% VAT, although certain businesses may qualify for a discounted rate of 5%.
    • For more information, check out our guide to VAT on gas and electricity for business.
  • When your switching window opens – this is a timeframe during which you can compare and switch suppliers. Your switching window will depend on your supplier and the type of deal you are currently on.
  • When you’ve moved into a new business premises – If you don’t organise a new energy deal as soon as you move, you’ll be placed onto ‘deemed rates’ and these are always more expensive than any you’ll find on a negotiated deal. 
  • As soon as possible – Energy prices are always changing and although we’ve seen a drop in prices since the peak in lockdown, historically, they rise annually. So if you lock in your next deal earlier, you’re more likely to save than leaving it until your contract is up.
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