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UK Historical Electricity Pricing Trends & Insights
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Over the past ten years, the price paid by businesses for their electricity has consistently increased, partly due to wholesale market price rises, but also from government levies and other network costs. No size of business has escaped the price increases.
We’ve analysed data obtained by the Department for Business, Energy and Industrial Strategy (BEIS) to show how fast electricity rates paid have increased since 2004.
Business users can locate current electricity prices by supplier for 2021 on the homepage with live tariff rates for today from the online quote tools.
Prices of Electricity Purchased by Non-Domestic Consumers in the UK
The BEIS survey started recording data in 2004 and is collected and reported on a quarterly basis from eight gas and six business electricity suppliers in the UK. The survey receives a 100% response and is understood to represent 60% of the Industrial and Commercial (I & C) electricity sales market. The data collected is also a requirement under Regulation (EU) 2016/1952 from Eurostat.
Commercial Electricity Prices 2004 – 2020 (per kWh)
The average price paid excluding VAT for each size of business.
The price shown includes Climate Change Levy (CCL) but excludes VAT. Source: BEIS statistical data
Ten Year Electricity Pricing Data
Reviewing the data above shows that since 2007, all businesses experienced price rises, but these vary depending on the annual consumption of energy.
- Microbusinesses using less than 20 Mwh (20,000 kWh) saw an average price rise of 43%.
- Large industrial consumers of electricity saw the highest increases over ten years with a 75% hike.
Ten Year Price Trend by Business Size
The graphic below shows the ten-year data in a tabular format.
Graphical Representation of Electricity Prices
The graph below shows how the prices increased since 2007 for every business size.
The data table below shows the prices paid by different sizes of businesses for the past eight years with the annual consumption shown by business size. Note: 1 MWh = 1,000 kWh.
Electricity Price Paid Per kWh 2010-2020
Annual Consumption Definitions
The size-bands for the tables above have the following annual consumption definitions:
- Micro: 0-20 MWh
- Small: 20-499 MWh
- Medium: 500-1,999 MWh
- Large: 2,000-19,999 MWh
- Very Large: 20,000-69,999 MWh
- Extra Large: 70,000-149,999 MWh
- Largest: Above 150,000 MWh
Source: BEIS survey of energy suppliers. These are fully delivered prices including the Climate Change Levy but excluding VAT.
These price increases are slightly less, with the smallest business receiving a 13.8% increase and the largest consumers a 37.6% increase.
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