Compare business energy rates

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"Don't switch" is good advice for households. But business energy is different and there's no price cap to protect you*. "Compare now" is good advice for businesses!

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*with no price cap in place for businesses, some out of contract rates are up between 15% and 120%

If you’re looking to cut your business energy bills, switching to a tariff with a lower unit rate is a good place to start – the less you pay for the energy you use, the lower your bills should be.

When you look at your latest energy bill, you’ll see that lots of different figures and charges go into making up the final cost, but there are two costs you should pay particular attention to:

  • Unit cost – The price you pay for each unit of electricity (measured in kWh) your business uses.
  • Standing charge - A daily charge that covers the maintenance of the national grid, and the cost of transporting electricity direct to your business premises.

If you switch to a deal that offers lower unit costs and standing charges, you’ll be well on your way to saving money on your energy bills. To find out more about what makes up your business energy bills, check out our guide on how to understand your business energy bill and switch to a better deal.

If you’re ready to make the switch, you can instantly compare business electricity prices here, or you can speak to our switching team on 0800 326 5517.

To find out a bit more on energy prices per kWh before you make your decision, read on.

How to compare business energy rates

When you’re looking to switch business energy supplier, you have to get a separate quote for gas and electricity from each individual supplier.

While this means you can be safe in the knowledge your tariff will be suited to the specific needs of your business, it can also make it difficult to know whether you’re actually on the best-priced tariff available.

But, with a quick call to the energy experts at UKPower, you can instantly compare quotes from a range of suppliers to make sure you’re getting the right energy deal for you at the right price.

Before you get in touch, though, it’s a good idea to know roughly how much energy a business the size of yours should be using, and how much you can expect to pay.

This table shows the industry average electricity and gas cost per kWh, as well as standing charges, based on business size.

Average business electricity usage and rates per kWh

Business size Annual usage Price per kWh Standing charge Avg. annual cost
Micro business 5,000-15,000 12.5p 27.0p £1,349
Small buisness 15,000-30,000 11.0p 25.0p £2,566
Medium business 30,000-50,000 10.5p 22.0p £4,208

Average business gas usage and rates per kWh

Business size Annual usage Price per kWh Standing charge Avg. annual cost
Micro business 5,000-15,000 4.0p 32.0p £516
Small business 15,000-30,000 3.8p 30.0p £965
Medium business 30,000-65,000 3.5p 28.0p £1,502

Large businesses, or those with a high energy demand, are metered and billed differently to other businesses. For more information, check out our energy guide for large businesses.

If you’re paying above the average prices for electricity or gas per kWh, there’s a good chance you could save money by running a business energy comparison.

What can affect your business energy cost per kWh?

The cost you pay per unit (kWh) can vary between business energy suppliers. When designing your business energy quote, suppliers assess the circumstances of your business, including things like energy consumption and business location. They use this information to work out your quote and the cost per unit (kWh) you’ll have to pay for the energy your business uses.

When assessing and designing your business energy costs, a supplier will look at:

  • The industry your business operates in
  • The average annual energy consumption of your business
  • The size of your business
  • The number of fuels you are being quoted for (i.e. gas, electricity, or both)
  • Your current business energy supplier
  • The location of your business
  • The length of contract your business needs

Outside of these things, the cost per unit (kWh) can also be affected by factors outside your control and the control of your supplier. For instance, the wholesale cost of gas and electricity (the price your supplier pays for the energy it supplies to your business) can be affected by anything from natural disasters to political events and conflicts.

How to compare business electricity and gas

It’s easy to assume that the cheapest gas or electricity tariff will be the best deal for your business. While getting the cheapest possible deal is always a priority, if the supplier you choose isn’t the best fit for your business, you could run into problems further down the line, and this could lead to a disruption in your supply, or even see you paying more than you budgeted for.

That’s why is makes sense to let the business energy experts at UKPower handle the whole thing for you. As well as instantly comparing quotes from a wide range of suppliers, we can help you get the most from the switch, by recommending suppliers with exceptional after-sales service, low unit costs, or low standing charges, depending upon your preferences.

Give us a call on 0800 326 5517, or click the button below, to get switching and saving today.