To set up your free account, go to the sign-up section and enter your name, email address, and a password. Your email address will be verified using a code. For enhanced security, a verification code will also be sent to your email each time you log in.
This is a postcode-driven process designed to minimise data entry and speed things up. Having a recent energy bill to hand can help you confirm details.
Once logged in, you’ll be asked to enter your business details. These are important because they will be used later in any contract with an energy supplier.
You can enter:
After your business is set up, you can search by postcode to add your site(s). Once a site is added, Energybid will retrieve the meter details associated with that location. A renewal date can be entered for each meter.
Yes. You only need to register your business details once — they are saved for future use. Postcode search allows you to add sites and meters in minutes. Consumption data will update automatically once you grant permission.
You simply select the meters (gas or electricity) that you want to compare offers from supplier on, select the duration of the auction and watch as the offers come in.
Yes. If you have entered your current contract rates at the meter, then these will be used to provide a comparison.
No. You can cancel an auction at any time, and no payment will be due.
No. UK energy suppliers typically offer business energy prices up to 12 months before renewal. SMEs can compare commercial electricity and gas prices at any time, giving greater control and flexibility over procurement.
No. Setting up your dashboard and running auctions is free.
A fee is only charged if you choose to accept an offer through Energybid. Before any details are sent to an energy supplier, a fee—based on meter banding and contract duration—will be shown to you. You only pay this fee when you decide to proceed with the offer.
Multiple vetted UK energy suppliers compete for your contract in a live online auction. This provides:
This not only reduces commission costs but also drives the best possible prices.
Unlike brokers who add commission to your energy rates, auction platforms use lower fees and competitive supplier bidding. This ensures access to the best business energy deals while reducing overall commercial utility costs.
It’s a process where your business sets the timeframe (days or weeks) for suppliers to bid on your energy contract. Prices update in real time as electricity and gas markets move. We designed this process to give UK SMEs more control and better market insight.
Yes. Your online dashboard shows all real-time offers, contract durations, and any limited-time prices. You make the decision — not us.
You’ll receive an email alert whenever a supplier updates their price or submits a one-off discount. The email will prompt you to log in and review the new offer.
During an auction, suppliers can submit one-off, time-limited bids. For example, a supplier may offer a special price to beat competitors, but the offer expires if not accepted before the stated deadline.
Our services are free until you secure a contract. Fees apply only after you choose your preferred supplier offer. These fees are detailed on the energybid or in the terms and conditions.
After accepting an offer, you’ll complete a short form with billing details, VAT information, and company data. The supplier will then send an electronic contract and direct debit mandate to finalise the agreement.
Launching Q4 2026. Register now and we’ll get your business set up before your renewal.