{"id":124242,"date":"2019-09-11T10:51:29","date_gmt":"2019-09-11T09:51:29","guid":{"rendered":"https:\/\/startups.co.uk\/?p=124242"},"modified":"2024-03-14T14:25:46","modified_gmt":"2024-03-14T14:25:46","slug":"business-electricity-suppliers-prices","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/premises\/energy\/business-electricity-suppliers-prices\/","title":{"rendered":"Best small business electricity rates and suppliers for 2024"},"content":{"rendered":"

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Startups.co.uk is reader supported – we may earn a commission from our recommendations, at no extra cost to you and without impacting our editorial impartiality.<\/p>\n <\/div>\n <\/div>\n[vc_column_text title_type=”h1″]SMEs can be cautiously optimistic about their energy bills in 2024. Rates have dropped by around 60% since 2022, and there is potential for better deals when contracts are renewed.<\/span>\n

That said, the global energy market remains volatile, and the government’s Energy Bills Discount Scheme (EBDS) offering a discount on wholesale prices is set to expire on April 1.<\/span><\/p>\n

While we’re not out of the woods yet, it is still possible to find a cheap business electricity provider. With research, you can lock your business into an affordable contract with flexible rates to reduce pressure on cash flow. Our top recommended electricity providers are:<\/span>[\/vc_column_text]\n <\/p>

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\n \n \n Best small business electricity suppliers for 2024 at-a-glance: <\/span>\n <\/div>\n \n
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1. Octopus Energy<\/b><\/a> – Best for seasonal businesses
\n<\/span>2. Utilita<\/b><\/a> – Best for small retailers and hair salons
\n<\/span>3. EDF Energy<\/b><\/a> – Best for businesses in the service sector<\/p>\n

Click any of the links above to compare costs on business energy tariffs for your business<\/em><\/p>\n <\/div>\n <\/div>\n[vc_column_text title_type=”h1″]If you’re in the <\/span>renewal window<\/b> (any time in the six months before your contract ends) then now is the ideal time to start shopping around for quotes from our top providers or an <\/span>energy switching service.<\/span><\/a>\n

This article will guide you through the top electricity suppliers for SMEs including their estimated costs, hidden fees, and suitability for specific business industries.<\/span>[\/vc_column_text]\n <\/p>

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\n \n \n March ‘24 update: government support to end this month <\/span>\n <\/div>\n \n
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In his March <\/span>Spring Statement<\/span><\/a>, Chancellor Jeremy Hunt announced no further support for businesses grappling with sky-high energy bills would be given. <\/span><\/p>\n

That means the government’s <\/span>Energy Bill Discount Scheme (EBDS)<\/span><\/a>, which gave business customers a discount on their <\/span>business gas<\/span><\/a> and electricity supply, will come to an end as planned on 31 March 2024.<\/span><\/p>\n <\/div>\n <\/div>\n

\n\n \n Save By Comparing Business Energy Quotes <\/span>\n \n \n Do you already have a business energy provider? <\/span>\n \n
\n Yes <\/a>\n No <\/a>\n <\/div>\n \n \n Compare energy prices in just minutes <\/span>\n \n<\/div>\n
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\n In this article, we’ll cover: <\/h3>\n