Read on to find out more about electricity for your business
If so, you're classed as a large business
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Business electricity unit prices may be cheaper than domestic ones because of the amount of energy used, but most business customers pay a higher rate of VAT.
Business electricity rates are based on your business size and electricity consumption. It may be calculated on a fixed or a variable rate tariff.
If you have a half-hourly meter, we'll give you a tailored price based on when and how you use electricity.
You have a few options when searching for business electricity:
A: Business electricity rates are based on your business size and electricity consumption. They may be cheaper than domestic rates because of the amount of electricity used, but most business customers pay a higher rate of VAT - typically 20% instead of 5% for domestic electricity. Businesses also pay the Climate Change Levy which is currently 0.847p/kWh for electricity.
A: Micro business electricity refers to electricity supply for businesses that: