Business electricity comparison

When reviewing current prices, many business owners ask, "What is a good business electricity rate?" The answer depends largely on your energy usage, contract type and market conditions, but understanding average rates is a great place to start.

When it comes to business electricity, the size of your business can be determined by how much electricity it uses. Smaller businesses tend to have simpler tariffs, while larger organisations often require more tailored solutions.

To give you an idea of how much your business should pay for electricity, here are the latest business electricity rates per kWh and standing charges for May 2026. We've also included average annual bill size to help you compare.

_{Note: Prices are correct as of May 2026. Rates and bill size may vary according to your meter type and business location. The prices you’re quoted may be different from the averages shown. The figures shown are the average unit rates and standing charges received by Bionic from our panel of suppliers from May 1 to May 12, 2026.}

While business electricity prices have fallen from peak crisis levels, they remain significantly higher than before 2022. Costs are still influenced by factors such as volatile wholesale markets, global events and policy-related charges.

Although government support schemes and future reforms may help ease costs for some sectors, businesses shouldn’t rely on prices falling further. Instead, it’s sensible to focus on securing competitive fixed-rate deals where possible to protect against ongoing uncertainty.

You can learn more in our guide, Why are energy prices so high?

If you run a small or medium-sized business, every penny counts. And your electricity bill shouldn’t be significantly eating into your margins. Micro business electricity rates are typically more flexible than those with larger contracts, but they can still vary significantly depending on your usage, location, and contract terms. That’s why comparing options is essential.

At Bionic, we make it easy to compare business electricity rates from trusted UK suppliers, helping you find a deal that actually works for your business. Whether you run a café, office, retail shop or small warehouse, we’ll match you with tariffs designed for your needs and usage.

Compare electricity rates for small businesses

For large businesses, energy isn’t just another overhead, it’s a major operational cost. With higher consumption comes greater exposure to market fluctuations, making it critical to secure the right electricity contract at the right time.

By comparing suppliers with Bionic, you can access competitive fixed-term contracts, flexible purchasing options, and even multi-site agreements designed to optimise costs across your entire operation. Whether you manage manufacturing facilities, large offices, or multiple locations, the right energy strategy can deliver substantial savings.

For more information, check out our large business and industrial business energy page..

Compare electricity rates for industrial and large businesses

You may need to contact your energy supplier if you have an issue with your bill, a complaint, or are moving premises. If you can't remember who supplies your business electricity, the simplest way to find out is by checking your latest bill.

If you've switched with Bionic, we can let you know who your current supplier is and compare quotes for your next contract if the time is right. At Bionic, we work with a panel of business electricity suppliers, including:

^{Note: Prices are correct as of May 2026. Rates and bill size may vary according to your meter type and business location. The prices you’re quoted may be different from the averages shown. The figures shown are unit rates and standing charges received by Bionic from our panel of suppliers from May 1 to May 12, 2026, based on an average gas consumption of 22,223 kWh per year and an average electricity consumption of 9,234 kWh per year.}

We can also compare rates from other suppliers not listed above, including Crown Gas & Power, SSE, TotalEnergies, Corona, Engie, and more.

If your business uses more than 55,000 kWh of electricity each year, suppliers will classify you as a large business and handle your supply differently. To find out more, check out our guide to large business energy.

If you can't find a recent electricity bill, you can find out who your supplier is by contacting your local network operator (the company responsible for the wires that carry electricity to your premises).

You can do this by entering your postcode into the Energy Network Association search tool or by calling the number below for your regional network operator:

If you've switched with Bionic, you can call us to find out. We can help you compare, switch and renew when the time is right. We only conduct business electricity comparisons with a panel of trusted energy suppliers that offer quality customer service and competitive rates.

If you’ve never switched business electricity, you're unlikely to be on your supplier’s most competitive rates and will be overpaying. This is when it can help to compare what you’re currently paying with the average rates paid by other businesses in your sector. 

For instance, if you run a restaurant, asking how much energy an average restaurant uses every year and comparing your current rates will instantly highlight how much you could save by switching suppliers.

Below are examples of how much different business types might pay for electricity if they lock in rates this month.

^{Note: Prices are correct as of May 2026. Rates and bill size may vary according to your meter type and business location. The prices you’re quoted may be different from the averages shown. The figures shown are the average unit rates and standing charges received by Bionic from our panel of suppliers from May 1 to May 12, 2026.}

Switching your business electricity with Bionic gives you access to a wide panel of trusted UK energy suppliers, making it easy to compare tariffs tailored to your needs. With over 20 years of industry experience, our tech-enabled team support you through the process, from sourcing quotes to handling the switch, helping you save time and avoid costly out-of-contract rates.

On average, SMEs can save up to £1,450 by switching business electricity with Bionic. We’ve already supported thousands of UK businesses in comparing electricity quotes and can help you explore the options available to your business. If you also need support with other essentials like insurance, broadband and more, we can help with those too