Large Business Energy
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There’s no one size fits all when a large business energy. It's important for a large business to consider their requirements and select a business energy supplier. Most require custom cost control and efficiency management.
What Is Classed As A Large Business?
Businesses consuming more than 200,000 kWh of gas and 55,000 kWh of business electricity per year is classed as a large business energy user.
What Energy Solutions Are Available?
We have unique options available for large business energy. Options include buying from wholesale suppliers and collective buying schemes. It can often be difficult to understand which is better for your business. Our team has worked with thousands of large businesses in the UK to help them build the right business energy deal.
Our team will create a custom energy deal to ensure your business is managing costs and not overspening.
Switching your business energy with us means you will have access to various management tools. This helps with managing energy efficiency and controlling costs. Your account manager is on hand, if you have anything questions or worries about your energy usage.
Your account manager will remind you when renewal opens and if you could be getting cheaper business energy from abutter supplier.
This ensures you get a handle on your business energy prices. You will never be placed on an expensive rollover contract.
How to get cheaper business energy?
Half hourly meter pricing records records usage every 30 minutes. This helps efficiency and reporting. This data will be useful when auditing your usage for the renewal window. Businesses using half-hourly meters change tariffs through a tendering process. This is best handled by an accredited broker.
Management software larger companies implement efficiencies. This could be across a portfolio of buildings, offices and stores. This could save multi-site businesses between 9% and 35% a year.
An energy broker helps you get access to market leading prices. Our flexible approach manages a seamless tendering and auctioning portfolio specific for your needs. Our services help public authorities, industrial users, multi-site high street retail outlets and other high volume users of energy.
Wholesale market data could predict the retail pricing. Fluctuations and volatility occur on a regular basis. This means it’s vital to understand when to procure for the next 12 months. Read how this affects your business with trending data for the past few years.
The Carbon Cost Reduction is a Government programme. They charge levies on all businesses to reduce the UK’s carbon footprint. Reporting is mandatory for half hourly customers. UK league tables are produced showing how companies perform.
Restaurants, pubs and hotels have unique challenges with keeping their gas and electricity costs low. This in-depth guide shows you how to improve energy efficiency and reduce your unit costs to save money.
In 60 seconds, you can compare business electricity prices and select the tariff that’s right for your company.
What are the average electricity prices for a large business?
A large business using 80,000 kWh of electricity per year should expect to pay around £10,429. This is based on a kWh price of 12.93p and a standing charge of 26.20p. However, this can fluctuate based on a number of factors including the industry the business operates in and even the location.
Many large businesses have different requirements when managing their gas and electricity. This means pricing is not always as straight forward as the above calculation. A standard rate of 20% is applied to business energy. Some businesses may be eligible for a VAT reduction. You can read more about that here.
For more information and help on selecting the right business energy suppliers, please contact our Corporate Team on 0800 690 6008. They will help with procurement, invoicing, quotations, tendering and management software.
What are wholesale energy prices?
Wholesale energy prices are set by market activity. World events and weather can impact the rate. The prices move up and down based on supply and demand. Large businesses can bypass traditional suppliers for cheaper energy. This avoids any markups that the suppliers charge to manage your account. You can read more here.
Am I eligible for a VAT reduction on my business energy?
VAT is paid on business energy if annual turnover is more than £85,000 per year. VAT reduction is rare for larger businesses. Businesses are eligible for a VAT reduction if are a charity or non-profit. Small businesses are often eligible due to their low energy usage.
What is a multi-site meter?
These meters are used by businesses with multiple locations. This means that business energy for multiple buildings can be managed on one billing account. This includes offices, factories and any other places of business. They also help manage the switching process with one renewal date.
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