Understanding business energy shouldn’t be complicated. This glossary breaks down every key term you’ll find on energy bills, supplier contracts, and the wider UK energy market.
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You pay non-commodity charges “at cost”.
The broker’s fee, built in or billed.
The period to renew before expiry.
How much notice you must give to exit.
A contract that “rolls on” after expiry.
Extra protections for very small firms.
A contract that keeps renewing.
Rates when you’re supplied without a deal.
Default rates after your deal ends.
Rates can change any time.
Prices move with an index.
Market-linked buying in stages.
Fixed p/kWh for a term.
Policy charges added to bills.
Non-supplier bill components.
The cost suppliers pay for energy.
Charges billed at cost.
The “pipes and wires” costs.
Legacy renewables scheme cost.
National grid network cost.
Local network charge.
Cost of balancing the grid.
A low-carbon support mechanism.
A legacy renewables scheme cost.
Business energy tax per kWh.
A security-of-supply charge.
The non-energy part of your bill.
Price per kWh you use.
Daily fixed fee for an active energy supply.
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