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What distinguishes micro, small, and medium businesses, and how does this impact your energy plan?
Micro Business
- Typically employs fewer than 10 people.
- Has an annual turnover or balance sheet total of less than £632,000.
- Consumes no more than 100,000 kWh of electricity or 293,000 kWh of gas annually.
- Energy consumption is usually comparable to or slightly greater than a large household
Small Business
- Employs between 10 and 49 people.
- Has an annual turnover or balance sheet total of less than £10.2 million.
- Consumes no more than 200,000 kWh of electricity and 500,000 kWh of gas annually.
- Typically has higher energy demands than a micro business due to dedicated office spaces and equipment.
Medium Business
- Employs fewer than 250 people.
- Has an annual turnover between £10.2 million and £44 million.
- Often has substantial energy requirements, necessitating tailored contracts, multiple locations, or larger premises.
How does this affect the energy plans available to you?
Micro businesses enjoy increased transparency and may be eligible for simplified energy contracts with more favorable terms. For example, micro businesses often have the flexibility to terminate contracts and switch energy providers with shorter notice.
Small businesses are granted some regulatory protections but typically face more complex energy requirements than micro businesses. Consequently, they often need tailored energy plans to accommodate their higher consumption.
Medium-sized businesses generally have larger energy needs and more complex requirements, especially if they operate across multiple locations or larger facilities. This often necessitates more specialized energy contracts.
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How does this affect the energy plans available to you?
Micro businesses enjoy increased transparency and may be eligible for simplified energy contracts with more favorable terms. For example, micro businesses often have the flexibility to terminate contracts and switch energy providers with shorter notice. Small businesses are granted some regulatory protections but typically face more complex energy requirements than micro businesses. Consequently, they often need tailored energy plans to accommodate their higher consumption.
Medium-sized businesses generally have larger energy needs and more complex requirements, especially if they operate across multiple locations or larger facilities. This often necessitates more specialized energy contracts
Green Energy for Small Businesses
What other factors influence your energy plan as a small business?
Aside from the size of your business, several key factors can influence both your energy plan and its cost: