Business Energy is Different

The energy price cap sets the maximum price that energy suppliers can charge domestic customers on prepayment and standard variable tariffs.  

Until September 30, domestic energy rates and standing charges will be: 

• 25.73p per kWh for electricity with a standing charge of 51.37p a day
• 6.33p per kWh for gas, with a standing charge of 29.82p a day

But the price cap will increase by 2% from October 1, when domestic rates and charges on standard variable rate tariffs will be:

• Electricity - 26.35 per kWh (unit rate) and 53.68p per day (standing charge)
• Gas - 6.29p per kWh (unit rate) and 34.03p per day (standing charge)

But there’s no cap on business energy, so suppliers aren’t restricted in what they can charge. If you’re on your supplier’s out-of-contract rates, you could pay thousands of pounds a year more for energy.

Ofgem recommends shopping around for a better fixed-rate deal. Let Bionic run an energy price comparison to see how much your business could save by switching.