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Electricity Prices

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Reduce Your Business Electricity Bills

As electricity is one of the biggest expenditures for businesses in the UK, overpaying on your electricity bills can be costly.

At Business Energy, we can help your business navigate the often-confusing world of business electricity to find the right deal for you.

We negotiate directly with suppliers on your behalf to ensure your business has access to the best energy tariffs on the market.

Average Electricity Prices by Business Type

Business Electricity Rates Chart

For many businesses, it can be difficult to know how much they should be paying for their business electricity.

At Business Energy, we’ve researched the average business electricity usage and prices to offer a guide for any business seeking to compare electricity suppliers.

This table shows the average usage and total energy bill for the common types of business in the UK. Prices may vary according to your meter type and geographic location.

Business Type
Electric (kWh)
Gas (kWh)
Total Bill
Micro
7,500
5,000
£1,518
Small Business
20,000
15,000
£3,664
Medium Business
35,000
35,000
£6,563
Large Business
90,000
75,000
£15,609
Industrial
250,000
500,000
£52,931
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Business Electricity Rates Graph

No matter what the size of your business, the team at Business Energy can help you reduce your electricity bills.

Here, you can find the average electricity prices per year by business type. It’s important to remember that these prices are not the cheapest available and the quickest way to find the best energy deal for your business is by comparing electricity suppliers.

These results are for standard meters with a profile class of 03 or 04. So-called max demand meters with a class of 05 to 08 usually see standing charges rise to as much as 70p per day with the same unit cost per kWh.

Source: BusinessEnergy.com 2020.

Average Electricity Prices by Supplier

Compare Electricity Suppliers with Business Energy

By comparing electricity prices with Business Energy, you will have access to quotes from the widest possible range of business electricity suppliers. We take the leg work out of comparing business electricity allowing you to find the right deal for your business quickly and easily.

Usage and other government initiatives have effectively increased average bills by 100% or more over the past seven years. Current averages across all sectors are as follows:

  • The average electricity bill for UK businesses is £3,061 per year.
  • The average unit price per kilowatt hour (kWh) is 14.36p per kWh.
  • The average daily standing charge is 28p per day.
  • Most businesses use between 15,000 and 25,000 kWh per year.
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Finding the lowest Business Electricity Prices

With average bills continuing to rise, now could be the ideal time to compare business electricity prices.

If it’s been a while since you switched business electricity supplier, it’s likely your bills will be higher than they should be, so generate a business electricity quote today.

Although renewal letters are now sent to micro businesses, this process doesn’t apply for larger organisations. This has left many businesses on an noncompetitive rate known as a deemed contract.

Around 10% of micro-businesses are on deemed contracts and prices on these contracts are on average 80% more than rates charged in negotiated contracts.

Whether you’re a large business seeking advice on half hourly meters or you are looking to compare the best electricity prices for small businesses, we can help you.

When you compare with us you can choose between one, two and three year fixed rate contracts, depending on the needs of your business.

We will even be in touch with you when your contract is coming to end to ensure you can stay on the best tariff and never be left overpaying for your business electricity again.

All businesses also have the option to generate their own power and sell the excess back to the National Grid via Feed-in Tariffs (FIT). The FIT can be used to offset charges from overall usage.

There are over 100,000 traditional half hourly meters that take readings every half hour as well as those customers using max-demand meters under the P272 legislation.

Current Market Trends

Lower climate change levies, investments in alternative fuel sources and new power stations should at least maintain the status quo.

Increased economic activity leads to higher demand, which if this outstrips supply could undermine the dynamics of the market.

Fixing a contract for a longer term protects end customers from the volatile nature of the market. All small business electricity customers can opt for one to five-year fixed rate contracts from most suppliers.

New controls are unlikely to be put in place, although the regulator will improve the transparency for the end users. Other European countries and the USA have similar market issues and pay far higher rates.

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Energy saving tips for your business

  • Adding an energy monitor onto the meter to visualise live usage.
  • Changing legacy meters with the new smart meters.
  • Using management software to analyse trends and peak demand.
  • Installing A+ grade efficient appliances when replacing older versions.
  • Ensuring that during the night and weekends all lighting, heating and computers are switched off.

Research shows that 10%-20% reductions in consumption can be achieved just by introducing these fundamental measures.

Saving energy is important for all businesses. Apart from the obvious opportunity to reduce your electricity bills, managing your consumption can have a positive impact on the environment.

There are various ways to both monitor and cut consumption, such as the following:

Business Electricity FAQs

How long does it take to switch my business electricity supplier?

The process of switching your business electricity can take between 4-6 weeks.

When switching with Business Energy, our experts will keep you up to date with the progress of your switch and answer any questions you may have.

Will my electricity supply be cut off when switching?

No, you won’t lose your electricity supply during the switch. We will liaise with your new and old supplier to ensure your switch can take place seamlessly.

Does my business need a half hourly meter?

As the name suggests, a half hourly meter sends updated readings to your supplier automatically every half hour.

This means a business can receive accurate and up-to-date energy bills without taking or submitting readings manually. Large businesses with high energy usage such as factories, warehousing our large offices are the main workplaces that could benefit from a half hourly meter.

If your business has a maximum demand of 100kW or greater in any half hour period during the day, you will be required by law to use half hourly metering. You can find out more about half hourly meters here.