Reduce Your Business Electricity Bills
Electricity is one of the biggest expenditures for businesses in the UK. Over paying can be costly.
At Business Energy, we can help your business navigate the world of business electricity. We will find the right deal for you.
We negotiate with suppliers on your behalf. This ensures your business has access to the cheapest 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.
We’ve researched the average business energy usage and prices. Our experts provide guidance on what you should be paying. You will be able to make an informed decision based on this information.
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 |
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 are the average energy prices per year by business type. Remember that these prices are not the cheapest available. Comparing business energy is the quickest way to find the best deal for your business.
These results are for standard meters with a profile class of 03 or 04. Max demand meters with a class of 05 to 08 see standing charges rise to as much as 70p per day.
Source: BusinessEnergy.com 2020.
Average Electricity Prices by Supplier
Compare Electricity Suppliers with Business Energy
Comparing prices with Business Energy provides you with exclusive deals not available direct. We search our large panel of trusted suppliers for the best deals. If you decide to switch, we will take care of all the leg work.
Usage and other government initiatives have 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.
Finding the lowest Business Electricity Prices
With average bills continuing to rise, now is the ideal time to compare business electricity prices.
You will likely be paying more than you should if you haven't switched in while. It's easy to get a business electricity quote today.
Although renewal letters are sent to micro businesses, this doesn’t apply for larger organisations. This has left many businesses on rollover contract. These are expensive out of contract rates.
Around 10% of micro-businesses are on deemed contracts. The prices of these contracts are 80% more than rates charged in negotiated contracts on average.
We help businesses of all sizes save on their business electricity and gas. We'll advise on half hourly meters for large businesses who are looking for the best deal.
We find you a range one, two and three year fixed rate contracts. This depends on the needs of your business.
We will even be in touch with you when your contract is coming to end. This ensures you stay on a cheap business energy contracts
All businesses have the option to generate their own power. They can 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. This is in addition to those customers using max-demand meters under the P272 legislation.
Current Market Trends
Lower climate change levies and investments in alternative fuel sources should at least maintain the status quo.
Increased economic activity leads to higher demand. This 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. However, 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.
Energy saving tips for your business
Saving energy is important for all businesses. Managing your consumption can also have a positive impact on the environment.
There are various ways to both monitor and cut consumption.
- 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
- Ensuring that during the night and weekends all lighting and computers are switched off.
Research shows that 10%-20% reductions in consumption can be achieved just by introducing these simple measures.
Business Electricity FAQs
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How long does it take to switch my business electricity supplier?
The process of switching your business electricity can take between 4-6 weeks.
Switching with Business Energy is easy. Our experts will keep you up to date with the progress of your switch and answer any questions you may have.
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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.
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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.