How Can I Get a Better Deal on Business Energy?

By Olivia Johnson - Trusted UK Business Expert

Last Updated 10th of May 2025

4 minute read

Running a business can be challenging, and managing your energy costs shouldn’t add to the stress. In this guide, we’ll explore practical ways you can secure a better deal on business energy and save money while keeping your operations running smoothly. 

To get a better deal on business energy, compare suppliers, negotiate contracts, assess your energy usage, and consider energy-efficient upgrades. Doing these can help you secure lower rates and optimise your energy consumption. 

Energy costs can be a significant burden on businesses. Keep reading to learn how small changes can lead to substantial savings. You can take control of your energy bills with the right approach and find the best deals available in the market. 

Want a better energy rate for your business? Learn how to compare suppliers and negotiate the best deal. Get started below.

Understanding Business Energy Contracts 

When asking yourself, “How can I get a better deal on business energy?”, the first step is to understand your current energy contract. Many businesses fall into auto-renewal traps or don’t fully understand the terms of their agreements, which can result in paying higher prices than necessary. 

Energy suppliers offer various types of contracts, including fixed-rate, variable-rate, and flexible contracts. With a fixed-rate contract, your energy price is locked for a set period, which can help you avoid price hikes. Variable-rate contracts, however, can fluctuate based on market conditions, which might be risky if prices are on the rise. 

If your contract is about to end, it’s the ideal time to look for better deals. Many businesses fail to shop around when their current contract is expiring, which can lead to paying higher rates. 

How to Get a Better Deal on Business Energy 

To get a better deal on business energy, you must first evaluate your current energy consumption and contract details. Here are some strategies to help you secure a better deal: 

• Shop Around for the Best Suppliers: Just like with personal energy plans, business energy contracts can vary significantly. Take the time to compare different energy suppliers and their pricing plans. Some suppliers might offer special deals or more competitive rates than others, so it’s important to do your research. You can use online comparison tools to compare different suppliers based on the rates they offer. Some tools even allow you to compare renewable energy options if you want to opt for a greener solution for your business. 
• Negotiate Your Current Contract: If you’re already in a contract, don’t be afraid to negotiate. Contact your supplier to discuss your options, including the possibility of reducing your rates or extending your contract for a better deal. Suppliers are often willing to negotiate to keep you as a customer, especially if you’re approaching the end of your contract. Additionally, if your energy usage has decreased, let your supplier know. Many suppliers are open to adjusting your rates based on your current needs. 
• Monitor Your Energy Consumption: Keeping track of your business’s energy consumption can give you insights into where you can save. Installing energy meters and monitoring tools can help you identify energy-wasting practices, such as equipment running when it’s not needed. This data will also help you when negotiating with suppliers. For example, you might discover that you’re using more energy during peak times. By adjusting your usage or switching to a supplier that offers lower rates during off-peak times, you can reduce your overall energy costs. 
• Invest in Energy-Efficient Equipment: Another strategy to get a better deal on business energy is to reduce your energy consumption through energy-efficient upgrades. Energy-efficient appliances, lighting, and equipment consume less power, which can directly reduce your energy bills. Consider investing in LED lighting, energy-efficient HVAC systems, or renewable energy sources like solar panels. Not only can this help reduce your monthly energy costs, but it can also be a selling point if you’re looking to market your business as environmentally conscious. 
• Switch to a Fixed-Rate Plan: If your business is subject to fluctuating energy prices, switching to a fixed-rate plan can offer stability and predictability in your energy costs. A fixed-rate plan locks in your energy price for the duration of the contract, protecting you from price hikes. However, be mindful of the contract duration and early termination fees. If you’re unsure, consult with an energy expert to determine if a fixed-rate contract is right for your business. 

What to Do if You’re Locked Into a Long-Term Contract 

If you’re locked into a long-term business energy contract, there are still steps you can take to secure a better deal. While it may not be possible to change suppliers immediately, you can still reduce your energy costs by implementing energy-saving practices in your business operations. 

• Renegotiate Your Contract: Some suppliers may be willing to renegotiate your contract if you’re facing financial hardship or if you’ve seen a decrease in your energy needs. Contact them to explore options for lowering your rates or adjusting your contract terms. 
• Take Advantage of Early Termination Fees: If you’re unable to negotiate a better deal or you’re paying far above market rates, it may be worth considering paying the early termination fee to switch to a more competitive supplier. While this may involve some upfront costs, the long-term savings could outweigh the penalty. 

How to Reduce Energy Waste in Your Business 

Energy waste is a major contributor to high business energy bills. To get a better deal on business energy, it’s essential to reduce waste wherever possible. Here are some simple steps to get started: 

• Switch off unused equipment: Turn off lights, computers, and other equipment when not in use. 
• Use energy-efficient lighting: Replace old bulbs with LED lights to reduce electricity consumption. 
• Regulate heating and cooling: Ensure thermostats are set to optimal temperatures and air conditioning systems are used efficiently. 

Ready to lower your business energy bills? Don’t wait until your contract expires – click the link below to start comparing suppliers and find the best deal for your business energy needs. 

FAQ

How often should I compare energy suppliers for my business?

It’s a good idea to compare suppliers every time your contract is up for renewal or if you experience a significant change in your energy needs. 

Can I switch suppliers if I’m in a fixed-rate contract?

Yes, you can switch suppliers, but be aware of any early termination fees associated with your current contract. Weigh the costs of switching against potential savings. 

Is renewable energy more expensive than traditional business energy?

While renewable energy can sometimes be more expensive upfront, there are many cost-effective options available. Additionally, renewable energy might provide long-term savings due to its stability in pricing. 

How do I monitor my business’s energy usage?

You can use energy meters and tracking systems to monitor your consumption. Many energy suppliers also offer tools to help businesses track their usage and identify opportunities for savings. 

With these strategies, you can significantly reduce your energy costs and secure a better deal on business energy.