Scottish Power, one of the UK’s leading energy providers, offers a range of energy products tailored specifically for businesses. This guide aims to provide a clear overview of Scottish Power business energy products and pricing, helping companies make informed decisions about their energy needs.
Scottish Power business energy pricing list – Gas and electricity
This table illustrates typical prices for different types of business energy contracts. Note that actual prices may vary based on factors such as market conditions, contract length, business size, and location.
| Contract Type | Contract Length | Electricity Rate (p/kWh) | Gas Rate (p/kWh) | Standing Charge (Daily) |
|---|---|---|---|---|
| Fixed-Rate Contract | 1 Year | 24.50 | 8.00 | £0.27 |
| Fixed-Rate Contract | 2 Years | 23.80 | 7.80 | £0.27 |
| Fixed-Rate Contract | 3 Years | 23.00 | 7.50 | £0.27 |
| Variable-Rate Contract | 1 Year | 22.50 – 26.50 | 7.00 – 8.50 | £0.30 |
| Renewable Energy Tariff | 1 Year | 25.00 | 8.50 | £0.28 |
| Renewable Energy Tariff | 2 Years | 24.20 | 8.30 | £0.28 |
| Bespoke Energy Solution | Custom | Customised Rates | Customised Rates | Customised Rates |
Notes on the pricing table:
- Electricity and gas rates: These are the prices per kilowatt-hour (kWh) for electricity and gas, respectively. Prices for fixed-rate contracts are constant throughout the contract period, while variable-rate contracts may fluctuate within the given range.
- Standing charge: This is a daily charge that covers the cost of maintaining the energy supply to the business premises, regardless of usage. It is usually a fixed amount per day.
- Contract length: Longer-term contracts generally offer slightly lower rates due to the commitment to purchase energy over an extended period.
- Renewable energy tariff: Prices for renewable energy tariffs may be higher than standard fixed or variable rates due to the cost of sourcing energy from renewable sources. However, they provide businesses with the benefit of reduced carbon emissions and support for sustainable practices.
- Bespoke energy solution: Large businesses or those with unique energy requirements can negotiate customised rates and solutions tailored to their specific needs. Prices for bespoke solutions vary and are determined through consultation with Scottish Power.
Overview of Scottish Power business energy products
Scottish Power provides various energy products designed to meet the needs of different types of businesses, from small enterprises to large corporations. Here are the main categories of business energy products offered:
1. Fixed-rate contracts
Fixed-rate contracts provide businesses with price certainty over a set period, typically ranging from one to five years. This type of contract allows businesses to lock in a specific rate for their electricity and gas, protecting them from market fluctuations. Fixed-rate contracts are ideal for businesses that prefer predictable energy costs and want to avoid unexpected increases in their bills.
2. Variable-rate contracts
Variable-rate contracts offer businesses more flexibility but come with the risk of price fluctuations. The rates for electricity and gas can change based on market conditions, which means businesses might benefit from lower prices at times but could also face higher costs when market prices rise. This type of contract is suitable for businesses that can tolerate some degree of risk and want the potential to take advantage of falling energy prices.
3. Renewable energy tariffs
With increasing emphasis on sustainability, Scottish Power offers renewable energy tariffs for businesses committed to reducing their carbon footprint. These tariffs guarantee that the electricity supplied comes from renewable sources, such as wind, solar, and hydro. While renewable energy tariffs can sometimes be slightly more expensive than conventional options, they align with the growing trend towards environmental responsibility and can enhance a company’s green credentials.
4. Bespoke energy solutions
For larger businesses or those with unique energy requirements, Scottish Power offers bespoke energy solutions. These tailored packages can include customised contracts, flexible purchasing options, and energy management services. By working closely with energy experts, businesses can develop strategies to optimise their energy usage, reduce costs, and improve overall efficiency.
Scottish Power business pricing structure and factors influencing costs
The pricing of Scottish Power’s business energy products is influenced by various factors, including:
1. Energy market conditions
The wholesale cost of energy is a significant factor in determining the prices of business energy products. Market conditions, such as supply and demand, geopolitical events, and natural disasters, can all impact wholesale prices, which are then reflected in the rates offered to businesses.
2. Contract length
Longer-term contracts often come with lower rates compared to shorter-term agreements. By committing to a multi-year contract, businesses can benefit from more stable and potentially lower prices. However, it is essential to weigh the advantages of long-term price stability against the possibility of market prices falling in the future.
3. Business size and energy consumption
The size of a business and its energy consumption levels also play a role in pricing. Larger businesses with higher energy usage may qualify for discounted rates due to economies of scale. Additionally, businesses that can shift their energy consumption to off-peak times might benefit from lower prices through time-of-use tariffs.
4. Location
Geographical location can influence energy prices due to regional variations in distribution costs, local infrastructure, and availability of renewable energy sources. Businesses operating in areas with higher distribution costs may face slightly higher energy prices.
How to choose the right energy product for your business
Selecting the right energy product for your business involves considering several factors, including budget, risk tolerance, sustainability goals, and long-term planning. Here are some steps to help businesses make an informed decision:
- Assess your energy usage: Understand your business’s energy consumption patterns and peak usage times. This information will help you identify the most suitable energy product and contract length.
- Consider your budget: Determine how much your business can afford to spend on energy each month. Fixed-rate contracts offer price certainty, which can help with budgeting, while variable-rate contracts might be more cost-effective in a falling market.
- Evaluate your risk tolerance: If your business prefers stability and predictability, a fixed-rate contract might be the best option. However, if you are willing to take on some risk for the chance of lower prices, a variable-rate contract could be more suitable.
- Factor in sustainability goals: If your business is committed to reducing its carbon footprint, consider opting for a renewable energy tariff. This choice not only supports environmental goals but can also enhance your brand image.
- Seek expert advice: Consult with energy experts or brokers who can provide insights into the latest market trends and help you find the best energy solutions for your business needs.
For more, see our business energy comparison, and our price lists for business gas and business electricity.
Scottish Power business pricing FAQ
Scottish Power offers various rates depending on the type of contract and its duration. For example, a 1-year fixed-rate electricity contract typically costs around 24.50 pence per kWh, while a 2-year contract may have a rate of 23.80 pence per kWh. Variable-rate contracts can range between 22.50 and 26.50 pence per kWh, depending on market conditions.
Scottish Power gas rates for business customers vary by contract length. A 1-year fixed-rate gas contract usually has a rate of 8.00 pence per kWh. A 2-year fixed contract might offer a rate of 7.80 pence per kWh, while a 3-year fixed contract could be as low as 7.50 pence per kWh. Variable-rate gas contracts can fluctuate between 7.00 and 8.50 pence per kWh.
Scottish Power applies a standing charge to its business energy contracts, which covers the cost of maintaining the energy supply. The typical standing charge for both electricity and gas is around £0.27 per day for fixed-rate contracts. For variable-rate contracts, the standing charge is approximately £0.30 per day.
Yes, Scottish Power provides renewable energy tariffs for businesses that wish to use electricity from renewable sources. A 1-year renewable energy tariff usually has an electricity rate of about 25.00 pence per kWh and a gas rate of 8.50 pence per kWh. A 2-year renewable energy tariff might have slightly lower rates, with electricity at 24.20 pence per kWh and gas at 8.30 pence per kWh.
Scottish Power business energy pricing varies with contract length. For example, a 1-year fixed electricity contract might cost 24.50 pence per kWh, while extending to a 2-year contract reduces the rate to 23.80 pence per kWh. A 3-year contract can offer an even lower rate, such as 23.00 pence per kWh. Longer contracts generally provide more competitive pricing due to the long-term commitment.
Yes, Scottish Power offers bespoke energy solutions for large businesses or those with unique energy needs. These customised pricing options are tailored based on factors such as the business’s energy usage, operational needs, and sustainability goals. Specific numbers for these bespoke solutions vary and are determined through direct consultation with Scottish Power, offering tailored rates and terms.
Several factors influence Scottish Power business energy rates, including market conditions, contract length, and energy consumption levels. For instance, wholesale energy market fluctuations can cause variable-rate contracts to range from 22.50 to 26.50 pence per kWh for electricity. Additionally, longer contracts often offer reduced rates, such as a 3-year fixed electricity rate of 23.00 pence per kWh compared to a 1-year rate of 24.50 pence per kWh.
In addition to the per kWh rates, Scottish Power charges a daily standing fee. For fixed-rate contracts, this fee is typically £0.27 per day, while variable-rate contracts might have a slightly higher standing charge of £0.30 per day. These fees cover the costs associated with maintaining the supply infrastructure and ensuring reliable delivery of energy to business premises.
Scottish Power supports businesses interested in sustainability through its renewable energy tariffs. For example, a business choosing a 1-year renewable electricity tariff would pay around 25.00 pence per kWh. Opting for a longer commitment, such as a 2-year renewable tariff, might reduce the rate to 24.20 pence per kWh. These tariffs ensure that the electricity supplied is sourced from renewable energy, helping businesses reduce their environmental impact.
To get the most accurate and tailored Scottish Power business energy pricing, companies should contact Scottish Power directly or consult with an energy broker. By providing details about their energy consumption, contract preferences, and business size, companies can receive customised quotes. For example, a small business might find a 1-year fixed rate of 24.50 pence per kWh suitable, while a larger enterprise might negotiate bespoke rates based on higher energy usage.