The price of business energy per unit is a lot like domestic prices. The difference is that businesses pay a VAT of 20% while domestic customers pay a lower rate of 5%. Wholesale market effect The wholesale price of energy changes every week and sometimes daily. If your company can purchase energy from a generating company, you can expect a rate of 5p or 6p/kWh. However, most small businesses purchase energy via retail organisations. As a fundamental principle, retail prices are twice the wholesale prices. Rates for SMEs vary from 13.2p to 16.7p with VAT for unit prices per kWh.…
Business Energy Prices In the UK
