What It Means for Your Business 📈⚡
Brace yourselves – the energy price cap is rising by 6.4% from 1st April 2025. This follows previous increases of 1% in January and 10% last October. With prices creeping higher, it’s crucial for businesses to stay informed and take action.
Electricity ⚡️
Standing charge: 53.8p/day (was 60.97p) ⬇️ down 11%
Unit rate: 27.03p/kWh (was 24.86p) ⬆️ up 8.7%
Gas ⛽
Standing charge: 32.67p/day (was 31.65p) ⬆️ up 3.2%
Unit rate: 6.99p/kWh (was 6.34p) ⬆️ up 10%
Let’s break down the impact and what you can do to manage your costs.
Key Impacts of the Price Cap Increase
Higher Costs: Businesses on variable tariffs will see a rise in their energy rates.
Budgeting Challenges: Fluctuating energy prices make financial planning more difficult.
Incentive to Switch: Businesses may benefit from fixing their rates or exploring alternative suppliers.
What You Can Do to Reduce Energy Costs
Consider Fixing Your Energy Rate
Locking in a fixed-rate tariff can protect your business from future price increases.
While fixed rates may seem higher now, they can provide stability and potential savings in the long run.
COMPARE ENERGY PRICES
Other Ways To Save Money For Your Business
If you’re not keen on fixing, consider these alternatives:
Low energy users (<£80/mth): Some suppliers offer lower standing charges or special tracker deals that adjust rates based on market trends.
Time-of-use tariffs: Businesses that operate during off-peak hours can take advantage of lower rates by shifting energy-intensive activities to nights or weekends.
Energy efficiency upgrades: Investing in LED lighting, smart thermostats, and energy-efficient appliances can lead to significant long-term savings
Regular energy audits: Reviewing your energy usage can help identify wastage and highlight opportunities to reduce consumption.
Free Business Energy Comparison Checks
Zappie can help you find the best rate with free, no-obligation energy comparison checks.
Our expert team will assess your current plan, compare market options, and recommend tailored solutions to lower your energy costs.
Get in touch today to take control of your energy expenses!
