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Green Energy for Business: Compare Renewable Gas & Electricity

Are you looking to reduce your carbon footprint and improve your business image by switching to green energy?

This article contains everything you need to know about renewable business energy, including the top suppliers, prices, how it works, and how to reduce your energy costs.

As climate change becomes more of a growing concern, the UK government has implemented incentives such as the Climate Change Levy (CCL) to encourage businesses to be more green.

Top Renewable Energy Suppliers for Businesses

Looking for the best affordable green energy business suppliers?

Green business Electricity Suppliers

Supplier

Unit Rate (p/kWh)

Standing Charge (p/Day)

Ecotricity

18.18p

12.54p

Octopus

12.54p

24.83p

Bulb

14.10p

19.79p

Green Energy

18.80p

30.90p

Good Energy

16.46p

32.48p

Green Network Energy

13.24p

22.00p

The above quotes are accurate and up to date as of May 2020 and are based on businesses in London with postcode E1 7AA. They should be used as estimates and examples for other regions in the UK.

Green business Gas suppliers

Supplier

Unit Rate (p/kWh)

Standing Charge (p/Day)

Ecotricity

4.17p

25.81p

Octopus

2.71p

19.89p

Bulb

3.06p

20.44p

Green Energy

4.62p

31.31p

Good Energy

3.82p

28.38p

Green Network Energy

2.841p

15.00p

The above quotes are accurate and up to date as of May 2020 and are based on businesses in London with postcode E1 7AA. They should be used as estimates and examples for other regions in the UK.

We get it. Switching to a renewable business energy supplier is daunting. That’s why we are here to help. Check out our quick and free comparison tool to receive price comparisons of the best green energy suppliers for businesses in the UK.

What is Green Business Energy?

Green Energy is any form of energy, such as electricity and gas, that is generated from a renewable source. As the name suggests, these renewable sources have an infinite supply and does not produce harmful effects on the environment.

There are many types of renewable energy sources:

  • Solar Power: This is generated when energy from the sun is converted into power by solar panels.
  • Hydroelectric Power: Typically seen in dams, hydroelectric power comes from large amounts of water being used to turn turbines that drive generators.
  • Biofuels: Produced from Biomass, which includes animal waste and plants, which is converted directly into fuel.
  • Wave Power: Power generated from the energy and motion from waves, which are caused by winds.
  • Wind Power: Use of wind turbines that utilize strong winds to turn generators and produce energy.
  • Geothermal Power: Natural energy generated from the heat inside the Earth, which is converted into energy.
  • Tidal Power: The energy from movement of tides is converted into energy.

Without a doubt, renewable business energy is more sustainable and environmentally-friendly than fossil fuels. These include coal, gas, and oil. Fossil fuels only have a limited supply and their pollution has been proven to be harmful not only to the earth, but also to humans.

Why Go Green?

You might be wondering, What benefits does going green offer my business?

Besides reducing harmful carbon emissions into the environment, you will also be granted certain tax incentives such as the Climate Change Levy (CCL). The CCL is a tax on businesses that use non-renewable energy.

Currently, the Climate Change Levy rates are as follows:

  • 0.811 p/kWh for Electricity
  • 0.406 p/kWh for Gas

As energy efficiency and going green becomes more important, the renewable energy sector has seen consistent growth and competition. What this means is that as time goes on, prices gradually become lower and more affordable for everyone.

Cheaper renewable energy prices, along with tax incentives, make going green all the more attractive!

According to the Department for Business, Energy & Industrial Energy, renewable sources represented 35.8% of all electricity generation in 2019. This demonstrated a 5.3% increase from 2018.

Source: Department for Business, Energy & Industrial Energy UK Energy Statistics, Q1 2019

From the statistics shown, the future for renewable energy is definitely promising.

How can my business become greener?

Not only does going green help the environment, it also reduces your business energy bills when you use energy more efficiently.

In addition to switching to a green energy supplier, there are a number of steps you can take to lower your monthly utility costs:

Invest in newer, energy-efficient appliances

From newer computers to energy-efficient light bulbs, updating your office equipment is a guaranteed way to reduce your business energy bills. Investing in your appliances will surely pay off in the long run.

Encourage energy-efficient practices

Engage your staff in energy-efficient behavior such as programming thermostats and turning off lights in spaces that aren’t being used such as bathrooms, break rooms, and meeting rooms. Small actions like this will have a tremendous effect on your monthly energy costs.

Get an energy audit

It is vital to know how you are using energy in your business. An energy audit highlights where most energy is being wasted and how you can save more energy. In fact, most local electric utility companies provide free energy audits if you inquire with them.

Unplug equipment that are not in use

Switching off electronic equipment such as computers and printers is not enough to save energy. Only by unplugging them are you ensuring that absolutely no energy is being used.

Use natural sunlight

Take advantage of what nature has to offer! If your office is facing the outside, use the sunlight as a natural heating mechanism rather than wasting energy and money.

Why Don’t More Businesses Use Green Energy?

In the past, the primary limitations of green energy have been cost and geographical limitations. Certain regions in the UK are great for certain renewable energy sources, while others aren’t. For example, areas without heavy winds cannot generate as much wind power while those inland cannot take advantage of tidal of wave power.

However, as developments in the renewables sector increase, energy suppliers are steadily offering more and more green energy for businesses all throughout the UK.

What’s also great is that renewable energy has become much more affordable for businesses due to the rising competition in the supply market. In fact, 2019 marked the first time that renewable energy electricity generation actually surpassed fossil fuels.

Source: Carbon Brief Analysis of BEIS Trends and BM Reports

Can I Generate My Own Energy?

Absolutely! You can generate your own energy at your business or home for your own use and to sell back to energy supplier.

You can generate your own energy by investing in renewable energy sources such as solar panels, wind systems, or geothermal heat pumps. This way, you won’t ever have to rely on energy suppliers or use harmful fossil fuels.

Here’s the great news: Not only will you be saving energy costs, you can also sell any unused energy to energy suppliers as feed-in tariffs. These are paid at rates for each unit (kWh) of energy you produce.

Feed-in Tariff rates depend on:

  • The size of your renewable energy generating system
  • The technology you use
  • When your system was installed
  • How energy efficient you are

Summary: What To Remember About Renewable Energy for Businesses

  • Switching to green energy is better for the environment
  • Using renewable energy can reduce your energy costs by not having to pay energy taxes such as the Climate Change Levy (CCL)
  • You can generate your own electricity and sell any unused portion to energy suppliers
  • There are many green energy suppliers out there, so ensure you get the best one by using our free comparison tool

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