Price of 1 mWh Electricity

Trustpilot Logo

Rated Excellent on Trustpilot
(Over 1,500 Reviews)

Get immediate pricing

Save up to 45%

Choose your business address

Can’t see the address? Enter manually


Go Back
Select Utility

Now please select a utility

I want to get prices for...

Gas
Electric
Gas & Electric
Water
Go Back
Next

Please enter your business gas information

How much do you spend & how often?

An estimate is fine if you don't have a bill to hand

Go Back
Get Prices

Let’s save time, can we automatically gather meter information?

? What does this mean?
To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
Go Back

Do you know your electric meter number?

Does your meter number end in any of the following?

Go Back

Enter meter number

I don’t know

Please enter your business electricity information

How much do you spend & how often?

An estimate is fine if you don't have a bill to hand

Start date for a new contract?

Get Prices

Please enter your water information

How much do you spend & how often?

An estimate is fine if you don't have a bill to hand

Go Back
Get Prices

    Enter your details below to see quotes

    We’ve helped over 68,000 businesses

    When you first begin looking deeper into how much you are spending on business electricity, it is likely to cause some confusion. You will be bombarded with unfamiliar terms, the type you long forgot about since your days sat in science class at school.

    One such term is mWh, which stands for megawatt-hour.

    The good news is you do not require a degree in physics to understand mWh. It is straightforward when you explore it with the right approach. This guide will detail mWh, how it functions, and how much it costs.

    What is a megawatt-hour?

    The clue is in the name. As established already, a ‘megawatt’ is the equivalent of one million watts of electricity. The ‘hour’ is used to measure the electricity usage for, you guessed it, an hour.

    Keep in mind the megawatt-hour power does not have to be used all within a single hour. For instance, it could be spread out across two hours if there is continual power usage at a rate of 0.5 megawatts (aka 500 kW). On the other end of the scale, it is possible to use two megawatts of power in the space of 30 minutes.

    How much is one megawatt of electricity?

    According to statistics, the average UK household utilises approximately 3,700 kilowatts each year. As a result, it should not come as a surprise that megawatts are usually restricted to certain organisations and industries.

    For instance, large-scale power stations are typically used on the megawatt scale. It is an incredibly large amount of energy, after all. Just how large? Well, it is said that an mWh can provide about 330 homes with electricity for one hour.

    What is the price of one megawatt?

    Now it is time to answer this guide’s main question: How much does one megawatt cost? Sadly, there is no clear answer to give. Due to the unpredictable nature of the energy industry, prices change on a day-to-day basis. They sometimes even fluctuate by the hour. In general, you could be spending between £35 and £65 per mWh.

    The market shifts due to the level of demand for energy from both businesses and domestic households. This can change because of the weather. During hot summer months, for example, there is a natural increase in air conditioning systems’ use to stay cool. This is a similar story during the winter, as there is an upsurge in the use of heating solutions to battle cold spells. Appliances also continue to incorporate high kWh usage, which further contributes to the demand for energy.

    While this guide could list the current mWh price, this is likely to be outdated after the first day of being published. A solution to this issue is by taking a look at the recent history of mWh and its general cost.

    Analysing the past market

    When it comes to the mWh price, you only have to analyse 2016 to see the unpredictable nature of wholesale electricity and its cost. While the price generally stuck to £34-38 per mWh for most of the year, this shot up significantly to £56 during the October quarter.

    Yet as the £65 October 2018 quarter demonstrates, the price can continue to jump significantly. However, this does not even come close to the 2008 peak that hit £90/mWh.

    In the last couple of years, and despite how the industry can fluctuate, the pricing has generally been favourable for companies. From April 2019 to January 2020, the average wholesale price did not go above £42. Even though the price has gone above the £50 mark in 2021, it is not displaying any signs of going anywhere close to that record £90/mWh from 13 years ago.

    Get the best prices and deals on your utilities

    Immediate pricing access to almost all UK suppliers

    Utility Bidder
    Business Gas

    Business Gas

    Immediate pricing access to all major UK gas suppliers. We can save you upto 45% on your business gas prices.

    Business Electricity

    Business Electricity

    We manage 20,000 electric meters for our commercial customers – So you’re in safe hands.

    Business Energy

    Business Energy

    We’ll find the best prices and provide you with a hassle free service for both your business gas and electricity….

    Business Water

    Business Water

    With our help. You’ll get a better quality service, lower water bills and better value for money.

    Compare business electricity rates and business gas prices

    It only takes a couple of minutes to save £100's on your utility bills

    Go Back
    x

    Get your estimated savings in minutes

    We compare live prices from 27+ suppliers

    Get quick prices

    Chat to a utilities expert, call me now

    Arrange a call back

    x
    Untitled-10

    Great, we’ll give you a call shortly

    Please provide your contact details

    We've saved up to 45% off utility bills for over 60,000 businesses across the UK. We often secure better rates without having to switch suppliers too.

      x
      Untitled-10

      Ok, let’s arrange that call for you

      What time shall we call you?

      The time you've selected is in the past. Please pick a time in the future.

      We've saved up to 45% off utility bills for over 60,000 businesses across the UK. We often secure better rates without having to switch suppliers too.

        x

        Now please select a utility

        I want to get prices for...

        Gas
        Electric
        Gas & Electric
        Water
        Go Back
        Next

        Please enter your business gas information

        How much do you spend & how often?

        An estimate is fine if you don't have a bill to hand

        Go Back
        Get Prices

        Let’s save time, can we automatically gather meter information?

        ? What does this mean?
        To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
        Go Back

        Do you know your electric meter number?

        Does your meter number end in any of the following?

        Go Back

        Enter meter number

        I don’t know

        Please enter your business electricity information

        How much do you spend & how often?

        An estimate is fine if you don't have a bill to hand

        Start date for a new contract?

        Get Prices

        Please enter your water information

        How much do you spend & how often?

        An estimate is fine if you don't have a bill to hand

        Go Back
        Get Prices

          Enter your details below to see quotes

          We’ve helped over 68,000 businesses