May 2024 Business Electricity Price Index Statistics

The table below lists quarter by quarter business electricity rates (in pence per kWh) from Q1 2004 to Q3 2023 (excluding CCL). Here are the a few key statistics:

Since 2004 average business electricity prices have increased 663% from 3.72p/kWh to 28.40 p/kWh
The annual price increase from Q3 2022 to Q3 2023 was 32% YoY from 21.52p/kWh to 28.40p/kWh
Very Large business energy customers have seen the biggest increase in rates from 2004 to 2023 at 730%!
Medium business energy customers saw the largest increase in the last 12 months at 51%
Business electricity rates are 28X higher than they were in 1970.

Topics

Quarterly Business Electricity Prices (Excluding CCL)

Year	Quarter	Electricity: Very Small	Electricity: Small	Electricity: Small/Medium	Electricity: Medium	Electricity: Large	Electricity: Very Large	Electricity: Extra Large	Electricity: Average
2004	1st	5.84	5.09	3.75	3.3	3.14	2.76		3.72
2004	2nd	5.91	4.91	3.82	3.3	3.04	2.65		3.59
2004	3rd	6.07	4.43	3.59	3.39	3.39	2.93		3.66
2004	4th	6.14	5.35	4.51	3.97	3.93	3.63		4.46
2005	1st	6.29	5.57	4.91	4.27	4.1	3.63		4.57
2005	2nd	6.56	5.57	4.91	4.25	4.06	3.68		4.6
2005	3rd	6.79	5.74	5.09	4.36	4.08	3.88		4.74
2005	4th	6.98	6.32	6.06	5.53	5.04	4.58		5.52
2006	1st	7.3	6.54	6.66	5.98	5.88	5		6.09
2006	2nd	7.88	6.66	6.48	5.91	5.65	5.01		6.1
2006	3rd	8.53	7.04	6.6	5.85	5.68	5.03		6.24
2006	4th	9.1	7.76	7.73	6.97	6.56	5.49		7.03
2007	1st	9.27	7.97	7.75	7	6.61	6.69	6.32	7.39
2007	2nd	9.57	7.29	6.59	6.23	5.74	5.62	4.76	6.49
2007	3rd	9.67	7.99	7.2	6.26	5.92	5.63	4.19	6.63
2007	4th	9.67	8.09	7.15	6.32	6.01	5.81	5.35	6.87
2008	1st	9.75	8.26	7.26	6.37	6.28	6.46	5.65	7.12
2008	2nd	9.86	8.28	7.26	6.73	6.61	6.86	6.15	7.43
2008	3rd	10.45	8.81	7.76	7.18	7.01	7.11	6.3	7.81
2008	4th	11.29	9.77	9.77	9.23	8.84	9.36	7.67	9.45
2009	1st	11.87	10.04	9.14	8.24	8.08	8	7.07	9.06
2009	2nd	11.86	10.05	9.33	8.36	8.23	8.18	6.89	9.13
2009	3rd	12.05	10.11	9.06	7.98	7.73	7.72	6.61	8.85
2009	4th	11.87	9.84	8.25	7.4	7.26	7.23	7.06	8.56
2010	1st	11.97	9.78	8.24	7.3	7.04	6.83	7.11	8.47
2010	2nd	12.02	9.7	8.17	7.11	6.59	6.34	6.24	8.15
2010	3rd	12.14	9.78	8.15	7.16	6.5	6.43	6.64	8.21
2010	4th	11.94	9.59	8.07	7.27	6.56	6.57	6.4	8.14
2011	1st	11.01	9.65	8.09	7.46	6.93	7.03	6.96	8.13
2011	2nd	11.41	9.56	8.23	7.4	7.24	7.01	6.58	8.06
2011	3rd	11.78	9.75	8.39	7.46	7.07	6.64	6.98	8.12
2011	4th	13.04	10.22	8.92	7.99	7.39	7.14	7.26	8.68
2012	1st	12.2	10.36	9.05	8.11	7.78	6.8	7.62	8.9
2012	2nd	11.96	10.14	8.95	8.18	8.26	7.91	7.92	8.85
2012	3rd	12.3	10.39	9.08	8.27	7.99	7.84	7.86	8.84
2012	4th	12.52	10.4	9.24	8.46	8.41	8.2	8.29	9.17
2013	1st	12.03	10.52	9.48	8.62	8.55	8.65	8.19	9.29
2013	2nd	12.09	10.79	9.65	8.82	9.06	8.84	8.26	9.46
2013	3rd	13.07	10.89	9.63	8.82	8.8	8.5	8.51	9.45
2013	4th	13.81	11.19	9.96	9.34	9.06	8.77	8.68	9.92
2014	1st	13.2	11.44	10.28	9.46	9.39	9.02	9.03	10.06
2014	2nd	13.42	11.42	10.19	9.3	9.46	9.19	8.74	9.94
2014	3rd	13.72	11.36	10.08	9.12	9.06	8.7	8.56	9.85
2014	4th	13.6	11.53	10.34	9.52	9.5	9.39	9.18	10.18
2015	1st	13.53	11.92	10.59	9.81	9.56	9.39	9.03	10.35
2015	2nd	13.06	11.68	10.42	9.72	9.66	9.37	8.98	10.18
2015	3rd	12.85	11.81	10.56	9.75	9.41	9.28	9.03	10.16
2015	4th	12.6	11.73	10.47	9.7	9.66	9.27	9.19	10.24
2016	1st	12.56	11.71	10.41	9.63	9.48	9.27	8.88	10.17
2016	2nd	12.39	11.21	10.07	9.27	9.27	9.07	9.04	9.92
2016	3rd	12.22	11.59	10.27	9.44	9.23	9.06	8.96	9.99
2016	4th	12.31	11.78	10.66	9.92	9.79	9.71	9.41	10.43
2017	1st	13.34	12	10.63	10.06	9.98	9.84	9.07	10.55
2017	2nd	13.67	11.91	10.43	9.9	9.96	9.96	8.72	10.38
2017	3rd	14.06	12.07	10.52	9.96	9.84	9.77	8.73	10.38
2017	4th	14.03	12.35	11.01	10.39	10.49	10.17	9.29	10.89
2018	1st	14.64	12.94	11.38	10.72	10.16	9.85	9.18	11.06
2018	2nd	14.97	12.84	11.49	10.89	10.33	10	9.43	11.12
2018	3rd	15.26	13.32	11.75	11.03	10.39	10.09	9.83	11.35
2018	4th	16.18	13.93	12.81	11.91	11	10.26	9.87	11.94
2019	1st	15.85	14.27	12.88	12.12	11.49	11.28	10.84	12.42
2019	2nd	15.49	13.76	12.31	11.25	10.64	10.13	9.94	11.61
2019	3rd	16.12	13.91	12.38	11.46	10.85	9.97	9.92	11.68
2019	4th	17.04	14.75	13.55	12.75	12.06	11.53	12.39	13.25
2020	1st	16.75	14.89	13.79	13.09	13.25	12.63	12.65	13.66
2020	2nd	16.54	14.59	13.75	12.18	11.85	10.6	11.31	12.7
2020	3rd	16.37	14.42	13.24	11.85	11.28	10.41	10.74	12.22
2020	4th	16.58	14.95	13.84	13.02	13.15	12.61	12.65	13.56
2021	1st	16.8	15.12	14.19	13.12	13.13	12.35	13.8	14.09
2021	2nd	17.13	14.09	13.85	12.01	11.4	11.29	11.52	12.87
2021	3rd	17.6	14.62	14.31	12.35	11.81	11.94	11.96	13.22
2021	4th	18.27	18.2	17.33	16.51	16.74	16.51	16.38	17.04
2022	1st	19.44	15.05	19.39	17.39	17.26	17.22	18.10	17.45
2022	2nd	21.79	20.32	21.77	17.75	16.6	17.49	17.05	18.63
2022	3rd	24.65	24.27	24.58	20.23	19.12	20.41	20.17	21.52
2022	4th	27.25	24.71	28.24	23.36	20.87	22.21	22.05	24.06
2023	1st	26.63	23.52	26.86	22.12	20.88	20.50	23.92	23.66
2023	2nd	29.96	27.82	30.57	26.35	27.53	25.07	22.54	27.26
2023	3rd	33.25	34.55	32.16	30.58	28.67	22.92	23.05	28.40

Note business elasticity prices listed above are in pence per kWh. And come from Gov.uk

Quarterly Business Electricity Price Chart (Excluding CCL)

Average Annual Business Electricity Prices (Excluding CCL)

Year	Electricity: Very Small	Electricity: Small	Electricity: Small/Medium	Electricity: Medium	Electricity: Large	Electricity: Very Large	Electricity: Extra Large	Electricity: Average
2004	6.00	4.96	3.89	3.48	3.36	3.00		3.87
2005	6.66	5.81	5.25	4.61	4.31	3.95		4.87
2006	8.16	7.00	6.87	6.17	5.95	5.13		6.37
2007	9.54	7.83	7.19	6.45	6.07	5.94	5.15	6.85
2008	10.38	8.77	8.00	7.36	7.14	7.35	6.39	7.93
2009	11.87	10.04	9.14	8.24	8.08	8.00	7.07	9.06
2010	12.01	9.72	8.16	7.21	6.68	6.54	6.60	8.25
2011	11.79	9.81	8.40	7.57	7.15	6.95	6.94	8.28
2012	12.25	10.33	9.08	8.25	8.12	7.71	7.96	8.94
2013	12.67	10.87	9.68	8.88	8.94	8.73	8.42	9.52
2014	13.47	11.44	10.22	9.36	9.37	9.09	8.90	10.01
2015	13.02	11.79	10.51	9.75	9.57	9.33	9.06	10.24
2016	12.39	11.58	10.36	9.57	9.44	9.28	9.07	10.13
2017	13.75	12.08	10.65	10.08	10.07	9.93	8.96	10.55
2018	15.23	13.24	11.84	11.14	10.47	10.05	9.58	11.36
2019	16.11	14.19	12.79	11.90	11.27	10.76	10.77	12.26
2020	16.57	14.69	13.61	12.52	12.25	11.22	11.12	12.81
2021	17.39	15.53	15.03	13.60	13.38	13.14	13.48	14.38
2022	23.21	19.36	23.28	19.50	18.39	19.34	19.13	20.16

Note business elasticity prices listed above are in pence per kWh. And come from Gov.uk

Annual Consumption Bands for Electricity

The table below shows how business energy costumers are defined based on annual electricity consumption.

Electricity: Bands Name	Electricity: Annual consumption MWh
Very Small	0 - 20
Small	20 - 499
Small/Medium	500 - 1,999
Medium	2,000 - 19,999
Large	20,000 - 69,999
Very Large	70,000 - 150,000
Extra Large	>150,000

Notes: The average price for each size of consumer is obtained by dividing the total quantity of purchases, for each fuel, into their total value. Prices shown are fully delivered prices, including all elements except VAT. The average electricity price from Q1 2007 includes the new Extra Large sizeband, introducing a discontinuity with the averages for previous quarters.

Historic & Current CCL Rates for Electricity

The Climate Change Levy (CCL) came into effect in April 2001. The CCL rates for electricity and gas from 2001 are shown in table below. More information is available on the HM Revenue and Customs website.

Year	Electricity
Apr-2001	0.430p/kWh
Apr-2007	0.441p/kWh
Apr-2008	0.456 p/kWh
Apr-2009	0.470 p/kWh
Apr-2011	0.485 p/kWh
Apr-2012	0.509 p/kWh
Apr-2013	0.524 p/kWh
Apr-2014	0.541 p/kWh
Apr-2015	0.554 p/kWh
Apr-2016	0.559 p/kWh
Apr-2017	0.568 p/kWh
Apr-2018	0.583 p/kWh
Apr-2019	0.847 p/kWh
Apr-2020	0.811 p/kWh
Apr-2021	0.775 p/kWh
Apr-2022	0.775 p/kWh
Apr-2023	0.775 p/kWh
Apr-2024	0.775 p/kWh

Quarterly Business Electricity Prices (Including CCL)

Year	Quarter	Electricity: Very Small	Electricity: Small	Electricity: Small/Medium	Electricity: Medium	Electricity: Large	Electricity: Very Large	Electricity: Extra Large	Electricity: Average
2004	1st	6.04	5.49	4.14	3.64	3.38	2.98		4.02
2004	2nd	6.13	5.31	4.21	3.65	3.30	2.86		3.89
2004	3rd	6.39	4.76	3.93	3.73	3.68	3.11		3.95
2004	4th	6.44	5.72	4.90	4.28	4.19	3.81		4.74
2005	1st	6.61	5.93	5.27	4.56	4.30	3.84		4.85
2005	2nd	6.88	5.95	5.28	4.57	4.28	3.89		4.89
2005	3rd	7.10	6.12	5.45	4.68	4.29	4.10		5.02
2005	4th	7.30	6.69	6.44	5.85	5.25	4.82		5.81
2006	1st	7.61	6.89	7.03	6.30	6.10	5.32		6.41
2006	2nd	8.16	7.04	6.85	6.23	5.88	5.33		6.42
2006	3rd	8.81	7.41	6.96	6.16	5.90	5.35		6.56
2006	4th	9.38	8.13	8.09	7.29	6.78	5.82		7.35
2007	1st	9.53	8.30	8.05	7.26	6.77	6.82	6.44	7.64
2007	2nd	9.85	7.65	6.91	6.52	5.93	5.77	4.86	6.75
2007	3rd	9.92	8.34	7.51	6.53	6.09	5.78	4.31	6.88
2007	4th	9.93	8.44	7.45	6.57	6.18	5.96	5.48	7.12
2008	1st	10.02	8.60	7.55	6.62	6.44	6.61	5.77	7.36
2008	2nd	10.17	8.65	7.59	7.03	6.81	7.07	6.27	7.71
2008	3rd	10.76	9.20	8.10	7.47	7.21	7.33	6.41	8.09
2008	4th	11.60	10.13	10.07	9.50	9.03	9.58	7.78	9.71
2009	1st	12.19	10.41	9.49	8.54	8.29	8.23	7.18	9.35
2009	2nd	12.18	10.43	9.70	8.67	8.45	8.42	7.00	9.43
2009	3rd	12.35	10.48	9.39	8.27	7.94	7.97	6.71	9.13
2009	4th	12.18	10.22	8.62	7.71	7.48	7.47	7.18	8.85
2010	1st	12.26	10.17	8.60	7.60	7.26	7.06	7.24	8.77
2010	2nd	12.30	10.09	8.52	7.41	6.80	6.51	6.33	8.43
2010	3rd	12.42	10.18	8.48	7.43	6.68	6.61	6.71	8.48
2010	4th	12.23	9.99	8.43	7.58	6.76	6.77	6.46	8.42
2011	1st	11.36	10.06	8.46	7.77	7.15	7.22	7.02	8.42
2011	2nd	11.74	9.97	8.61	7.74	7.48	7.25	6.70	8.37
2011	3rd	12.11	10.17	8.79	7.81	7.32	6.86	7.11	8.44
2011	4th	13.37	10.64	9.32	8.33	7.62	7.36	7.39	9.00
2012	1st	12.54	10.78	9.45	8.46	8.02	7.00	7.76	9.22
2012	2nd	12.29	10.55	9.34	8.53	8.55	8.16	8.08	9.16
2012	3rd	12.62	10.80	9.48	8.62	8.26	8.08	7.99	9.14
2012	4th	12.85	10.80	9.60	8.78	8.66	8.45	8.43	9.46
2013	1st	12.35	10.95	9.82	8.93	8.80	8.89	8.31	9.57
2013	2nd	12.38	11.21	10.01	9.13	9.27	9.04	8.38	9.73
2013	3rd	13.40	11.30	9.99	9.10	8.99	8.67	8.63	9.70
2013	4th	14.16	11.56	10.29	9.55	9.21	8.94	8.81	10.16
2014	1st	13.55	11.84	10.62	9.70	9.55	9.20	9.16	10.31
2014	2nd	13.78	11.83	10.55	9.56	9.65	9.39	8.87	10.20
2014	3rd	14.08	11.76	10.46	9.41	9.29	8.94	8.72	10.14
2014	4th	13.96	11.94	10.72	9.79	9.69	9.55	9.31	10.45
2015	1st	13.90	12.35	10.98	10.08	9.73	9.56	9.16	10.62
2015	2nd	13.41	12.10	10.82	9.99	9.84	9.55	9.13	10.46
2015	3rd	13.19	12.24	10.96	10.04	9.60	9.48	9.23	10.45
2015	4th	12.96	12.18	10.91	10.05	9.95	9.57	9.46	10.59
2016	1st	12.94	12.18	10.87	10.01	9.79	9.59	9.15	10.54
2016	2nd	12.76	11.71	10.56	9.72	9.67	9.44	9.31	10.33
2016	3rd	12.58	12.09	10.77	9.88	9.60	9.41	9.21	10.39
2016	4th	12.69	12.30	11.17	10.41	10.26	10.16	9.76	10.88
2017	1st	13.60	12.50	10.98	10.46	10.35	10.17	9.35	10.91
2017	2nd	13.93	12.44	10.78	10.31	10.33	10.26	8.96	10.74
2017	3rd	14.30	12.59	10.88	10.37	10.20	10.10	8.97	10.74
2017	4th	14.27	12.86	11.36	10.80	10.88	10.47	9.55	11.26
2018	1st	14.87	13.36	11.70	11.08	10.52	10.14	9.41	11.38
2018	2nd	15.20	13.33	11.84	11.29	10.73	10.34	9.75	11.49
2018	3rd	15.51	13.84	12.13	11.44	10.78	10.43	10.18	11.74
2018	4th	16.45	14.44	13.18	12.31	11.38	10.58	10.19	12.32
2019	1st	16.33	14.80	13.42	12.61	11.93	11.70	11.30	12.90
2019	2nd	16.16	14.49	13.10	11.95	11.27	10.75	10.60	12.30
2019	3rd	16.77	14.70	13.18	12.20	11.49	10.61	10.61	12.40
2019	4th	17.65	15.51	14.30	13.45	12.73	12.17	13.11	13.96
2020	1st	17.34	15.58	14.51	13.80	13.95	13.16	13.30	14.32
2020	2nd	17.14	15.39	14.51	12.89	12.51	11.17	11.98	13.39
2020	3rd	16.94	15.15	13.95	12.53	11.93	11.04	11.38	12.88
2020	4th	17.17	15.70	14.56	13.71	13.81	13.29	13.31	14.25
2021	1st	17.41	15.84	14.91	13.84	13.86	13.05	14.53	14.81
2021	2nd	17.74	14.85	14.57	12.72	12.08	11.97	12.23	13.58
2021	3rd	18.18	15.33	15.02	13.04	12.50	12.64	12.65	13.91
2021	4th	18.84	18.89	18.04	17.22	17.44	17.22	17.07	17.73
2022	1st	20.06r	15.80r	19.95r	18.09r	18.01r	17.95r	18.78r	18.14r
2022r	2nd	22.42	21.05	22.34	18.47	17.35	18.28	17.74	19.33
2022r	3rd	25.27	24.99	25.15	20.94	19.86	21.17	20.85	22.20
2022	4th	27.87	25.43	28.79	24.07	22.35	22.95	22.69	24.80
2023	1st	27.25	24.22	27.43	22.81	22.35	21.21	24.44	24.38
2023	2nd	30.03	27.29	31.19	27.20	29.54	25.99	23.04	27.86
2023	3rd	33.82	35.24	32.71	31.32	29.43	23.64	23.74	29.08

Note business elasticity prices listed above are in pence per kWh. And come from Gov.uk

Quarterly Business Electricity Price Chart (Including CCL)

Average Annual Business Electricity Prices (Including CCL)

Year	Electricity: Very Small	Electricity: Small	Electricity: Small/Medium	Electricity: Medium	Electricity: Large	Electricity: Very Large	Electricity: Extra Large	Electricity: Average
2004	6.27	5.34	4.27	3.82	3.62	3.20		4.16
2005	6.97	6.18	5.62	4.92	4.53	4.18		5.15
2006	8.45	7.37	7.23	6.49	6.18	5.46		6.69
2007	9.80	8.18	7.50	6.72	6.24	6.09	5.26	7.10
2008	10.68	9.13	8.32	7.64	7.33	7.55	6.51	8.20
2009	12.19	10.44	9.49	8.54	8.29	8.23	7.18	9.36
2010	12.30	10.11	8.51	7.51	6.88	6.73	6.69	8.53
2011	12.10	10.20	8.79	7.91	7.39	7.17	7.05	8.55
2012	12.58	10.74	9.47	8.59	8.38	7.94	8.10	9.25
2013	12.99	11.28	10.03	9.17	9.14	8.93	8.54	9.78
2014	13.82	11.85	10.59	9.62	9.56	9.29	9.04	10.28
2015	13.38	12.22	10.92	10.04	9.78	9.54	9.24	10.53
2016	12.75	12.08	10.86	10.01	9.83	9.66	9.35	10.54
2017	14.00	12.60	11.00	10.49	10.44	10.24	9.21	10.92
2018	15.48	13.72	12.19	11.53	10.85	10.37	9.88	11.73
2019	16.71	14.89	13.51	12.56	11.86	11.34	11.39	12.90
2020	17.16	15.43	14.33	13.22	12.92	11.82	11.77	13.48
2021	17.99	16.25	15.75	14.30	14.08	13.84	14.18	15.08
2022	23.84	20.09	23.85	20.21	19.30	20.10	19.81	20.86

Note business elasticity prices listed above are in pence per kWh. And come from Gov.uk

Historic Business Electricity Index

The table below lists the annual price index of electricity sales to industrial consumers (excluding VAT) going all the way back to 1970. Q1 2010=100.

Year	Electricity (Current fuel price index numbers)
1970	8.70
1971	9.62
1972	9.83
1973	9.89
1974	13.50
1975	17.93
1976	20.73
1977	23.88
1978	26.27
1979	29.19
1980	36.00
1981	41.69
1982	45.67
1983	45.85
1984	45.77
1985	47.57
1986	48.04
1987	46.66
1988	49.18
1989	52.69
1990	50.80
1991	52.48
1992	55.39
1993	58.03
1994	55.93
1995	55.40
1996	53.49
1997	50.44
1998	49.97
1999	50.26
2000	46.60
2001	42.65
2002	41.12
2003	39.78
2004	43.37
2005	58.12
2006	78.06
2007	80.13
2008	98.65
2009	106.39
2010	96.61
2011	99.66
2012	104.72
2013	110.33
2014	116.46
2015	116.72
2016	116.94
2017	120.58
2018	126.29
2019	143.06
2020	147.29
2021	166.03
2022	247.00

Source Gov.UK

Sources & Methodology

Note the data above all comes from GOV.UK. They state the following:

Data in these tables shows quarterly and annual fuel prices for non-domestic consumers in the UK.

Data is shown excluding and including the Climate Change Levy (CCL) in current (cash) terms.

Quarterly and annual data back to 2004 are presented.

Data sources:

Quarterly Energy Prices Publication (opens in a new window)

Prices of fuels purchased by non-domestic consumers website (opens in a new window)

Industrial price statistics data sources and methodologies (opens in a new window)

Revision policy and standards for official statistics (opens in a new window)

Digest of United Kingdom Energy Statistics (DUKES): glossary and acronyms (opens in a new window)

Compare Small Business Energy Prices

Quarterly Business Electricity Prices (Excluding CCL)

Quarterly Business Electricity Price Chart (Excluding CCL)

Average Annual Business Electricity Prices (Excluding CCL)

Annual Consumption Bands for Electricity

Historic & Current CCL Rates for Electricity

Quarterly Business Electricity Prices (Including CCL)

Quarterly Business Electricity Price Chart (Including CCL)

Average Annual Business Electricity Prices (Including CCL)

Historic Business Electricity Index

Sources & Methodology