Energy
Hub
Learn more about energy prices, what you should be paying, national averages & what helps dictate the price of energy.
What is a Microbusiness?
A non-domestic consumer is defined as a microbusiness if they:
Employ fewer than 10 employees (or their full time equivalent)
An annual turnover or balance sheet no greater than €2 million
Uses no more than 100,000 kWh of electricity per year
Uses no more than 293,000 kWh of gas per year.
Your business will qualify as a micro-business for both gas and electricity if it meets the employee and turnover or balance sheet criteria. If it doesn’t meet those criteria but your business uses no more than the defined usage for either gas or electricity, it does qualify as a microbusiness for that fuel. If it uses no more than the defined usage for both fuels, it qualifies as a microbusiness for both gas and electricity.
Insight
How much should your business pay for energy?
When you compare business energy rates, it could be possible that the rates you’re quoted will be higher than the rates you’re currently paying. This is because inflation means prices tend to go up over time. If you’re renewing after a long-term fixed deal, rates may have risen considerably since you last took out a new contract.
And even though energy prices have been coming down since they spiked in 2022, and the market has become less volatile, rates are still higher than at any point since about September 2021.
We aim to find the best possible rates for your next energy contract compared to what you would be facing elsewhere or with your current supplier’s out-of-contract rates. Unless you signed a contract when prices were at their highest, it’s unlikely that you’ll be able to get rates lower than those you’re currently paying.
Pricing
Average Business Rates
Our experts will support you with the switch, but it always helps to be armed with a bit of knowledge before you run a business energy comparison. When looking for the best business energy rates, it’s worth knowing what rates similar-sized businesses are paying. To find out what the average gas and electricity rates per kWh are in 2024, check out the table below:
Latest business gas rates in 2024
| Business Size | Gas unit price per kWh | Gas daily standing charge |
|---|---|---|
| Micro Business | 8.9p | 33.1p |
| Small Business | 8.5p | 36.6p |
| Medium Business | 8.3p | 79.2p |
| Large Business | 8.4p | 55.7p |
Latest business electricity rates in 2024
| Business Size | Electricity unit price per kWh | Electricity daily standing charge |
|---|---|---|
| Micro Business | 26.6p | 64.6p |
| Small Business | 25.6p | 83.0p |
| Medium Business | 26.1p | 65.5p |
| Large Business | 26.4p | 68.5p |
Note: Prices are correct as of January 2024. 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 quoted by us per business size from January 2 to January 5, 2024. Rates do not include Business Energy Bill Relief Scheme.
Savings
What types of business energy deals are available?
When comparing new business energy deals, there are four main types of tariffs to choose from:
Pass through tariffs
A pass-through tariff splits your bill in two between the wholesale energy costs, which is fixed, and the other elements that make up the unit rates, which vary and are most suited to businesses who don’t need price certainty.
Fixed term energy tariffs
These usually last between one and four years, during which time the unit cost and standing charges stay the same.
Flex approach tariffs
With this type of tariff you can take advantage of favourable wholesale rates by buying your energy for the months or years ahead, usually when costs are low.
Blend and extend tariffs
These deals allow you to extend the length of your current contract with the same supplier, who will then reward your loyalty with lower rates.
Each is designed to meet the different needs of business energy users. To find out more, contact us.
Prices Frequently Change
What affects business energy prices?
It might feel like energy prices are always rising, but they actually fluctuate, which can make the timing of your switch all the more important. There are a number of reasons why prices go up and down:
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