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Your Guide to the Average Price of Business Energy

Determining what you should be paying for business energy can often lead to confusion, and ultimately, paying more than you should.

As one of the largest outgoings in comparison to other bills, energy can often be overlooked, with many companies falling into the trap of rollover contracts. This is where things can get quite expensive.

This does not need to be the case. Simply noting down your contract end date and using a business energy comparison tool can help save a business hundreds of pounds each year, especially if it has been a while since the last switch.

What should I be paying for my business energy?

This largely depends on the size of the business and its usage. However, micro-businesses might expect to pay around £1,518 per year based on an annual usage of 7,500 kWh of electricity and 5,000 kWh of gas. Whereas a large business could expect to see an annual bill of £15,609 based on 90,000 kWh of electricity and 75,000 kWh of gas.

However, each business is different, and prices can vary based on business location and meter type.

Average business energy prices

Size of Business

Gas kWh

Electricity kWh

Average annual bill

Micro Business (under 10 employees)

5,000

7,500

£1,518

Small Business

15,000

20,000

£3,664

Medium Business

35,000

35,000

£6,563

Large Business

75,000

90,000

£15,609

Industrial

500,000

250,000

£52,931

How to find the best business energy prices?

The first step is to find how long is left on your business energy contract. Unlike, household energy, business energy is a little more complicated and you are unable to switch supplier until the end of the contract.

It is good practice to start comparing 6 months before the end of the contract as you can often ‘lock-in’ prices early. This is especially good if you expect prices to rise within the coming months. You’ll also be able to spend time reviewing the available tariffs, conducting a business energy audit and ensuring your company is using the energy efficiently.

However, we know that the above only happens in an ideal world. Many businesses do not have the time to be comparing market rates, and that’s why Love Energy Savings has created a quick business energy comparison tool to compare the market in 60 seconds. We will even handle the whole switching process for you so you can carry on doing what you do best.

The only information you need to provide can be found on a recent energy bill:

  • Consumption
  • Meter numbers
  • Contract end date

If you decide to switch, we will take care of everything else.

How do I get the most accurate business energy quote?

Nobody likes nasty surprises when it comes to unexpected charges. Our specialist business energy team will always negotiate the best prices on your behalf. However, whether you’re switching energy supplier yourself or using the free expert knowledge of our team, it always helps to have the following handy:

  • MPAN and/or MPRN number
  • Renewal letter (if available)
  • Previous gas and electricity bill
  • Business name and location

Average Business Energy Prices FAQs

What is kWh (kilowatt hour)?

kWh is a unit of measurement used by energy suppliers to measure how much gas and electricity you use per hour. There is a cost attributed to this so that your supplier can accurately bill you for usage.

What are MPAN and MPRN numbers?

These numbers are unique identifiers attributed to meters at your property. Each meter has a different one and this allows suppliers to ensure they are billing the property for energy usage. The number is 6-10 digits and can usually be found every energy bill. 

Can I get a better deal on my business energy?

It is hard to negotiate a better deal with business energy suppliers. However, our team will always negotiate the best price for your business, and in 99% of cases, we will ensure that it is cheaper than your renewal.

To find out how much you can save, complete our online energy comparison form.