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Business Energy is Different
The price cap won’t cut your business energy bills
The energy price cap is only for domestic energy
Fix your rates and save up to £1,600
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Fix Your Energy Rates
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Your business isn’t protected by the price cap! Fix now for the best rates
Out-of-contract business energy rates are up to 35% higher than fixed rates
Save yourself up to £1,600 by switching your energy today
What is...
...the energy price cap?
The energy price cap sets the maximum price that energy suppliers can charge domestic customers on prepayment and standard variable tariffs.
From July 1 to 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
This is the first time in 12 months that the price cap has dropped. This means that the average annual household energy bill is now £1,720, which is a reduction of £129 (7%) on the last cap.
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.
Click to compare today's rates and switch to a better deal
The energy price cap can't save your business. But Bionic can.
Why will the price cap not cut my business energy bills?
There’s no price cap on business energy. The energy price cap only limits the amount suppliers can charge domestic energy users.
The only way to avoid price volatility and guarantee bill stability is to fix your rates.
As a business, you can fix your rates for up to four years, meaning there’s no need to worry about price rises for the duration of your contract.
The price cap has come down for the first time since July 2024.
Wholesale prices are part of what decides the level of the cap. Speaking on Radio 4, Tim Jarvis, Director General of Markets, at Ofgem, confirmed this in saying, “What we’re announcing today is a reduction in the price cap of around 7% for the three-month period from July. That’s around £129 a year [less] on the average bill. The main reason for that fall is a change in the international wholesale price.
Although there's no guarantee what will happen, a drop in wholesale rates could mean prices could come down for business energy users too.
Even if this happens, if you’re on your supplier’s out-of-contract rates, you’re almost certainly paying too much for your energy. Way too much. The average customer saves 35% by signing a direct contract with Bionic versus going out of contract.
The price cap can't save your business...but Bionic can! Click to compare today's rates and switch
How can you..
cut your energy bills?
If your last fixed energy contract has ended and you’re now on your supplier’s out-of-contract rates, you can cut your energy bills by switching to a new fixed-rate contract. And you can do this right now and start saving.
If your current contract is up for renewal, you can compare quotes now and lock in rates while they seem to be falling (there’s no guarantee, but a drop in the price cap indicates falling prices).
Sorting a new contract with months left on your current one might seem odd, but it ensures you won’t roll onto your supplier’s out-of-contract rates and could save you money if prices go up again closer to your current contract’s end date.
And don't forget, signing up for Bionic's Digital Renewals means you never again need to worry about paying your supplier's out of contract rates. Each time your contract is up for renewal, Bionic will search our panel of suppliers and use collective buying power to get exclusive rates for your business. We'll sort it all to save you time and money. Find out more at our Digital Renewals page.
The price cap can't save your business...but Bionic can! Click to compare today's rates and switch