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Quotes

Business Electricity Quotes

A business electricity quote is priced against your Meter Point Administration Number (MPAN), which tells the supplier exactly which meter and network area you sit in. This is what separates a genuine quote from a generic estimate, since electricity network charges vary considerably by region and meter type.

For businesses on half-hourly meters, quotes also factor in capacity charges and, in some cases, time-of-use bands, which adds complexity compared with a simple single-rate meter. Understanding what goes into an electricity quote helps you judge whether an offer is genuinely competitive.

Compare Market generates business electricity quotes using your MPAN and consumption data across a panel of suppliers.

  • Your MPAN is required for an accurate business electricity quote.
  • Quotes for half-hourly meters may include a separate capacity charge.
  • Electricity quotes typically stay valid for a limited number of days.
  • Day/night/evening-weekend splits can apply depending on your meter type.
  • Comparing several quotes shows how your current rate measures against the market.
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Why the MPAN matters for electricity quotes

The MPAN is a 13-digit reference unique to your electricity meter. It confirms your distribution network area, which affects network charges, and your meter type, which affects whether you are quoted a single rate or a time-banded rate. Without it, a quote is only a rough regional estimate.

What suppliers need alongside the MPAN

  • Annual electricity consumption in kWh
  • Current supplier and contract end date
  • Business address and postcode
  • Meter type (standard, smart or half-hourly)
  • Payment method preference, which can affect the rate

Quotes for standard versus half-hourly meters

Businesses on standard meters usually receive a single unit rate quote that can often be generated instantly online. Half-hourly metered sites, common among larger consumers, receive quotes that separate the unit rate from a capacity charge based on the site's maximum demand, and these often require manual review by the supplier's pricing desk.

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Comparing electricity quote structures

Meter typeTypical quote structureTurnaround
Standard/smartSingle unit rate plus standing chargeOften instant
Economy 7 styleDay and night ratesOften instant
Half-hourlyUnit rate plus capacity chargeA few working days
How electricity quotes differ by meter type Turnaround and structure vary by supplier and site complexity.

How long an electricity quote stays valid

Because wholesale electricity prices fluctuate daily, quotes typically carry a validity window, often somewhere between 48 hours and a few weeks depending on the supplier. Larger or half-hourly quotes can have shorter validity given the added pricing complexity, so it is worth confirming the expiry date before deciding.

What to check before accepting an electricity quote

  • Confirm whether the rate is single, time-banded or half-hourly
  • Check the standing charge and any capacity charge separately
  • Confirm the contract length and renewal terms
  • Check for exit fees if leaving a current contract early
  • Confirm the proposed start date lines up with your current contract end

Business Electricity Quotes: frequently asked questions

Related business energy pages

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