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Compare Business Electricity Rates

It takes just 30 seconds to view the latest business electricity rates. Unlike many other business electricity retailers, you can switch entirely online.

It's 3 easy steps. 

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Input a few of your business details

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Compare Business Electricity Rates With UK Suppliers 

  • British Gas Lite logo.
  • Opus Energy logo.
  • E.ON Energy logo.
  • EDF Energy logo.
  • Npower Business Solutions logo.
  • Scottish Power
  • Smartest Energy Carousel Logo
  • Valda Energy logo CRO

How to Compare Business Electricity Prices

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    Simply provide us with contact details and we'll look up your electricity meter. 

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    Choose a great deal from our live panel of electricity suppliers. We work with a panel of trusted UK suppliers with exclusive rates. 

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    Once you have chosen your new business electricity tariff, we will have you switched over to your new supplier within 5 working days.

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Business Electricity Prices Per kWh 2024

Business Size

Annual Usage

Unit Price/kWh

Standing Charge

Micro Business

Up to 5,000 kWh

24.7p

81.3p

Small Business

5,000-15,000

25.7p

75.5p

Medium Business

15,000-25,000

25.7p

82.1p

Large Business

25,000-50,000

26.3p

107p

Very Large Business

50,000 +

25.7p

119.5p

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Data correct as of June 2024. The table to the right shows current business electricity prices for 2-year contracts. Prices vary by UK region and these are the national average.

What Business Electricity Tariffs Are Available?

Fixed-Rate Tariff

The most popular business electricity tariff for those who want to lock in their rates to avoid future increases. You can fix your rates from 1 year up to 5 years. This means that if wholesale prices increase or decrease you will have the security of paying the same unit rate and standing charge for the agreed amount of time.

Variable-Rate Tariff

This can change each month based on the wholesale electricity prices. This means businesses more open to risk can benefit from price drops but may pay more during times of increasing rates.

No Standing Charge Tariff

Businesses that operate part-time or seasonally can benefit from no standing charge tariffs. However, they are not for every business as they often come with higher unit prices than other tariff types. 

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Who Is The Cheapest Business Electricity Supplier?

Suppliers

Electricity Unit Rates (p)

Standing Charge (p)

Smartest Energy

26p

62.4p

EDF

26.9p

50p

British Gas Lite

28.2p

42p 

Scottish Power

24.6p

125p

Opus Energy

23.5p

188.5p

British Gas

28.4p

62p


Business electricity rates displayed in the table are calculated averages of all contract terms (1, 2 and 3-year fixed-rate) and are based on an assumed annual consumption of 25,000 kWh per fuel.  The cheapest unit rates for each fuel have been highlighted. 

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Cheapest Business Electricity Prices By Region

Region

Unit Rate (p)

Average Standing Charge (p)

Average Annual Cost (£)

London

25.6p

59p

£6,609

North East England

26.8p

89.1p

£7,030

North West England

27.1p

69.2p

£7,021

East Midlands

26.3p

78.2p

£6,867

West Midlands

26.6p

84.7p

£6,951

Yorkshire

26.6p

84.9p

£6,972

East England

26p

69.1p

£6,755

South East England

26.4p

75.5p

£6,865

South West England

27.5p

88.6p

£7,202

Southern England

26.5p

83.1p

£6,933

North Scotland

28p

79.9p

£7,294

Central and Southern Scotland

27.4p

89.3p

£7,184

North Wales, Merseyside and Cheshire

29.7p

93.7p

£7,769

South Wales

27.1p

87.5p

£7,098

Based on average prices on a 2-year fixed rate tariff with 25,000 kWh annual usage. 

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Getting A Commercial Electricity Quote

Large commercial electricity users are legally required to have a half-hourly electricity meter. Specifically any business with a maximum demand of 100 kilowatts (kW) or more in any 30 minute period. As a large consumption user, this is to ensure that billing remains accurate as estimated billing can cause lots of financial issues for a business with high usage. 

You can still switch suppliers with a half-hourly meter. 

Compare live half hourly prices

Business Electricity Quotes For Small Businesses

Small businesses need to stay in control of their electricity bills. Even with Ofgem extending protections to those that are considered micro businesses, it can be challenging to find the time to secure great deals on business electricity prices. 

According to Ofgem, a non-domestic consumer is defined as a micro business if it meets one of the following criteria:

  • Employs fewer than 10 employees (or their full-time equivalent) and has an annual turnover or balance sheet no greater than €2 million (£1.7 million as of August 2022), or
  • Uses no more than 100,000 kWh of electricity per year, or
  • Uses no more than 293,000 kWh of gas per year.

The benefit of being a micro business electricity user is that you can give termination notice anytime and secure better business electricity prices. Suppliers also have to send your renewal notices. 

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