Business energy quotes vary between suppliers, each of which will offer you rates based on an assessment of your business that takes into account everything from energy consumption to business location.
When designing your business energy costs, supplier will consider:
- The size of your business.
- The industry it operates in.
- Its average annual energy consumption.
- Its location and number of sites.
- The number of fuels you are being quoted for.
- Your current supplier.
- The length of contract that you need.
Your business energy bills can also be affected by things like the wholesale cost of gas and electricity (the price your supplier pays for the energy it supplies to your business), a hike in taxes and environmental levies, and even an increase in demand - all of which are out of the control of both you and your supplier.
If you're a large business that uses a lot of energy and is set across a number of locations, you might want a multi-site energy deal that puts everything on the one tariff to save both time and money.
As a large energy user, you'll also have to take on half-hourly metering - a system that provides accurate meter readings to your supplier every 30 minutes - as this is a requirement for all businesses with a maximum demand of at least 100kW in any half hour period.
To give you a rough idea of how much electricity your business should be using, and how much it should be paying in standing charges and unit costs, check out the table below:
Average business electricity usage and rates
Business Size
| Average annual usage (kWh)
| Average price (kWh)
| Standing charge (daily)
| Average annual price
|
Micro business |
5,000 - 15,000 |
13.0p - 13.5p |
26.0p - 30.0p |
£650 - £1,800 |
Small business |
15,000 - 25,000 |
11.8p - 13.0p |
24.0p - 26.0p |
£1,900 - £2,900 |
Medium business |
25,000 - 50,000 |
11.3p - 13.0p |
21.0p - 23.0p |
£3,300 - £5000 |
When it comes to commercial gas rates, you'll be put into a category determined by the size of your business, then pay monthly instalments to cover your estimated use. You'll also have to decide whether you want to be placed on a fixed or variable rate tariff.
To give you a rough idea of how much gas your business should be using, and how much it should be paying in standing charges and unit costs, check out the table below:
Average business gas usage and rates
Business Size
| Average annual usage (kWh)
| Average price (kWh)
| Standing charge (daily)
| Average annual price
|
Micro business |
5,000 - 15,000 |
4.1p - 4.5p |
23.0p - 26.0p |
£300 - £700 |
Small business |
15,000 - 25,000 |
3.8p - 4.0p |
21.0p - 22.0p |
£800 - £1,400 |
Medium business |
25,000 - 50,000 |
3.5p - 3.7p |
18.0p - 20.0p |
£1,500 - £2,000 |
There are so many variables at play when it comes to choosing your business energy provider, so it's a good idea to let the energy experts at UKPower take you through the entire switching process to make sure you're on the best deal.