Npower, a well-known player in the UK energy market, offers a range of energy products tailored specifically for business customers. This guide provides a comprehensive review of Npower business energy products and pricing, aiming to assist business owners and managers in making informed decisions about their energy needs.
Overview of Npower
Npower is one of the UK’s leading energy suppliers, serving millions of domestic and business customers. With a strong market presence, Npower offers a variety of energy solutions designed to meet the diverse needs of its customers. For businesses, Npower provides both gas and electricity supply options, with a focus on flexible pricing and contract terms to suit different business sizes and operational needs.
Npower business pricing list – Gas and electricity
Npower business pricing can vary based on several factors, including market conditions, business size, consumption levels, and the specific contract terms chosen, so this pricing data is indicative based on common options and terms that businesses might find:
| Energy Product | Contract Type | Contract Length | Estimated Unit Rate (p/kWh) | Standing Charge (p/day) | Notes |
|---|---|---|---|---|---|
| Fixed-Rate Electricity | Fixed | 1 Year | 18.00 p/kWh | 25.00 p/day | Price locked for the contract duration. |
| Fixed-Rate Electricity | Fixed | 2 Years | 17.50 p/kWh | 25.00 p/day | Lower unit rate for longer-term commitment. |
| Fixed-Rate Electricity | Fixed | 3 Years | 17.00 p/kWh | 25.00 p/day | Best for long-term stability. |
| Flexible-Rate Electricity | Flexible | 1 Year | 16.50 – 19.00 p/kWh | 20.00 p/day | Price varies based on market conditions, can offer savings. |
| 100% Renewable Electricity | Fixed | 1 Year | 18.50 p/kWh | 25.00 p/day | Commitment to sustainability, slightly higher rate. |
| Fixed-Rate Gas | Fixed | 1 Year | 3.50 p/kWh | 20.00 p/day | Stable gas pricing for budget certainty. |
| Fixed-Rate Gas | Fixed | 2 Years | 3.30 p/kWh | 20.00 p/day | Lower rate for a longer contract. |
| Flexible-Rate Gas | Flexible | 1 Year | 3.20 – 3.70 p/kWh | 18.00 p/day | Price varies, potential for cost savings depending on the market. |
Notes on the table:
- Unit Rate: The cost per kilowatt-hour (kWh) of electricity or gas consumed. This is where significant savings can be made, particularly for larger consumers of energy.
- Standing Charge: A fixed daily fee that covers the cost of supplying the business with energy. It is charged regardless of the amount of energy used.
- Fixed Contracts: Ideal for businesses that prefer budget certainty, as the price remains constant throughout the contract period.
- Flexible Contracts: Better suited for larger businesses that can manage market fluctuations, potentially benefitting from lower prices when market conditions are favourable.
- Renewable Options: These products typically come at a slight premium due to the use of renewable energy sources, but they offer environmental benefits and can improve corporate social responsibility credentials.
This table provides a general guide, and actual prices may vary. Businesses are encouraged to contact Npower directly or use our online comparison tool to obtain accurate, up-to-date pricing information tailored to their specific needs and consumption patterns.
Npower business energy products
Npower offers several energy products for businesses, each designed to cater to specific requirements. Understanding these options is crucial for businesses to choose the most cost-effective and suitable energy plan.
- Fixed-rate contracts: Fixed-rate contracts offer businesses a stable price for energy over a set period, typically ranging from one to three years. This option is ideal for businesses looking to protect themselves against market fluctuations and plan their budgets with certainty.
- Flexible contracts: Npower’s flexible contracts allow businesses to purchase energy in tranches, taking advantage of market conditions. This product suits larger businesses with the expertise and resources to manage energy procurement actively and who are looking to optimise their energy costs.
- Renewable energy options: Npower also provides renewable energy solutions for businesses committed to sustainability. These products include options for 100% renewable electricity, helping companies to reduce their carbon footprint and appeal to environmentally-conscious consumers and stakeholders.
- Smart metering: To help businesses monitor and manage their energy usage more effectively, Npower offers smart metering solutions. These meters provide real-time data on energy consumption, enabling businesses to identify opportunities for energy savings and efficiency improvements.
- Energy management services: Beyond supplying energy, Npower offers consultancy and energy management services. These services help businesses develop strategies to reduce energy consumption, improve efficiency, and achieve sustainability goals.
Npower business energy pricing
Understanding Npower’s pricing structure is critical for businesses to make cost-effective decisions. Pricing for business energy from Npower depends on several factors, including the size of the business, the level of energy consumption, the type of contract chosen, and the length of the contract term.
- Tariff options: Npower provides a variety of tariffs for businesses, including standard variable tariffs and fixed-rate tariffs. The choice between these depends on the business’s preference for price stability versus potential savings from market changes.
- Pricing transparency: Npower is committed to transparent pricing. Business customers receive detailed bills and have access to online tools that allow them to track their energy usage and costs. This transparency helps businesses to understand their energy expenditure and identify cost-saving opportunities.
- Competitive rates: While Npower aims to offer competitive rates, businesses should regularly review their energy contracts and compare prices with other suppliers. This ensures they continue to receive the best deal for their energy needs.
How to choose the right Npower energy product
Selecting the right energy product from Npower involves considering several factors:
- Business size and energy usage: Smaller businesses with lower energy consumption may prefer fixed-rate contracts for budget certainty. In contrast, larger businesses with higher energy usage might benefit from flexible contracts and active market engagement.
- Sustainability goals: For businesses prioritising sustainability, Npower’s renewable energy options provide a way to align energy procurement with environmental commitments.
- Risk management: Businesses with the ability to manage energy market risks might find flexible contracts more advantageous. These businesses can take advantage of market dips and save on energy costs.
- Long-term planning: Fixed-rate contracts are suitable for businesses looking for long-term price stability, which aids in financial planning and risk management.
For more, see our business energy comparison, and our price lists for business gas and business electricity.
FAQ – Npower business pricing
Npower offers fixed-rate contracts with different terms. For a 1-year contract, the electricity rate is 18.00 p/kWh with a standing charge of 25.00 p/day. A 2-year contract offers a lower rate of 17.50 p/kWh, and a 3-year contract provides the lowest rate at 17.00 p/kWh, all with the same standing charge of 25.00 p/day.
Npower flexible-rate electricity pricing varies based on market conditions. Typically, the unit rate can range from 16.50 p/kWh to 19.00 p/kWh, with a standing charge of 20.00 p/day. These rates allow businesses to potentially benefit from lower prices when market conditions are favourable.
Yes, Npower provides 100% renewable electricity options for businesses. The rate for a 1-year fixed contract with renewable electricity is 18.50 p/kWh, accompanied by a standing charge of 25.00 p/day. This option supports businesses in their sustainability initiatives.
For Npower fixed-rate gas contracts, the 1-year contract has a unit rate of 3.50 p/kWh with a standing charge of 20.00 p/day. A 2-year fixed-rate contract offers a reduced rate of 3.30 p/kWh while maintaining the same standing charge of 20.00 p/day.
Npower’s flexible-rate gas pricing adjusts with the market, providing unit rates typically ranging from 3.20 p/kWh to 3.70 p/kWh. The standing charge for flexible-rate gas is 18.00 p/day, allowing businesses to potentially take advantage of lower costs during favourable market conditions.
Beyond the unit rates and standing charges, Npower generally does not impose additional fees for standard business energy contracts. For example, a business on a 1-year fixed-rate electricity contract would pay 18.00 p/kWh for electricity plus a 25.00 p/day standing charge, with no extra hidden fees.
Yes, Npower pricing structure typically offers lower rates for longer-term contracts. For example, a 3-year fixed-rate electricity contract is priced at 17.00 p/kWh compared to 18.00 p/kWh for a 1-year contract, all with a standing charge of 25.00 p/day. This structure rewards businesses for committing to longer contracts.
Npower aims to offer competitive rates to attract new business customers. For instance, a new business customer might find a 2-year fixed-rate electricity contract priced at 17.50 p/kWh with a 25.00 p/day standing charge, potentially offering savings compared to their current supplier’s rates.
Npower’s energy management services, which help businesses reduce energy consumption, are typically customised based on the business’s needs. While specific pricing can vary, businesses might expect a consultation fee starting around £500, with ongoing service fees depending on the level of support and services required.
Npower reviews its business energy prices regularly to reflect market conditions. For flexible-rate contracts, prices might fluctuate monthly within a range, such as 16.50 p/kWh to 19.00 p/kWh for electricity, while fixed-rate contracts remain constant over the agreed term, such as 17.50 p/kWh for a 2-year electricity contract.