Despite the increased awareness compare prices via comparison services, many businesses and homeowners still need to be on suitable tariffs. Ensure you’re on the correct contract by following the ElectricityPrices.org.uk step-by-step gas and electricity switching guide below.
Follow These Guides to Reduce Your Bills
- Check your energy tariffs twice a year
- Subscribe for Ofgem price cap updates
- Check our energy price directory
- Stay updated for news and analysis
Current Electricity Prices for Homeowners
Ofgem has attempted to simplify residential tariffs and cut down the options available from the energy suppliers. Generally, for each supplier, you’re offered one standard variable rate, a longer-term fixed rate deal and a capped rate. The Energy Price Cap dictates the maximum tariff charges. Today’s electricity prices are:
|
Today 1st Oct 2025 onwards |
Previous Up to 30th Sept 2025 |
|
|---|---|---|
| Electricity |
Unit rate:
26.35p/ kWh (+2.4%) |
Unit rate:
25.73p/ kWh (-4.8%) |
|
Standing charge:
53.68p/ day (+4.5%) |
Standing charge:
51.37p/ day (-4.5%) |
|
| Gas |
Unit rate:
6.29p/ kWh (-0.6%) |
Unit rate:
6.33p/ kWh (-9.4%) |
|
Standing charge:
34.03p/ day (+14.1%) |
Standing charge:
29.82p/ day (-8.7%) |
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Note: The figures in brackets represent the percentage change on the previous quarter. Many energy companies now offer tariffs lower than the price cap.
Current Electricity Prices for Businesses
In most cases, businesses have to select a fixed-priced contract for at least one year. After that, longer terms are available with a price premium, with the option of variable business electricity rates introduced for most customers.
| Business type | kWh usage | Unit rate | Standing charge | Annual cost |
|---|---|---|---|---|
| Micro | 5,000 | 27.8p | 39.9p | £841 |
| Small | 15,000 | 25.9p | 48.7p | £2,768 |
| Medium | 25,000 | 25.5p | 68.6p | £5,350 |
| Large | 50,000 | 25.4p | 163.5p | £10,122 |
| Enterprise | 100,000 | 23.8p | 120.2p | £24,239 |
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Data correct as of 2nd October 2025 based on new contract prices for a two-year agreement. These rates exclude VAT and Climate Change Levies.
Tips to Lower Your Home Energy Bills
Although there is limited loyalty in this industry, your existing provider may offer lower energy deals for existing customers so check your online account first. To get a whole market comparison, follow the following three steps:
Step 1
Compare your home postcode online at least twice per year.
Step 2
Select either a discounted or fixed rate term from the lowest provider.
Step 3
Complete your details and you’ll be transferred automatically in two weeks.
Paying monthly by direct debit reduces prices by between 4% and 10%, depending on the supplier. If you have a pre-payment or coin-operated meter, try to change this to a regular smart meter to enable you to select lower-priced options.
Tips to Lower Your Business Energy Bills
When looking for new business electricity rates, we recommend following the following steps to find the lowest-priced contract:
Step 1
Terminate your contract at least eight weeks before the end date.
Step 2
Use a broker or comparison site to compare prices.
Step 3
Sign the new agreement and the switch will occur on the anniversary date.
Step 4
Complete our online quote form or call us free on 0800 772 0467 for details.
Be aware that extremely high rates are applicable if you do not renew a terminated contract.
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© Electricity Prices 2025 All Rights Reserved. Electricity Prices is an independent information and pricing comparison service for domestic homes and businesses based in England, Scotland and Wales. We adhere to the Ofgem code of conduct for consumer and business pricing. We publish information, opinion and commentary about energy tariff rates, trends, savings, contracts, insurance and services.