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Discuss What sort of prices should I be charging? in the Electrical Forum area at ElectriciansForums.net

Kjb Electrical

EF Member
Hi all, I was wondering how much hourly rate I should be charging? I recently quoted a job only to be questioned if I was an electrician due to being too cheap.
I’m thinking of upping my rates but want to keep at an honest and fair price.
 

Murdoch

Electrician's Arms

Andy78

Respected Member
Forum Mentor
Electrician's Arms
Trainee Access
Yeah you're too cheap. Are you even a proper electrician ? lol

Seriously though, everyone's hourly rate will be different and you need to work out yours by working out your overheads per annum, the amount of realistic working days/hours per annum, and the amount you wish to earn per day/hour.

The overheads incurred by a man in a van for instance will not be comparable to that of a small to medium sized firm with offices and non revenue producing staff.

You also need to take into account local rates and local cost of living.

I reckon you could stick a good chunk on that and not lose much business at all.
 

Murdoch

Electrician's Arms

Murdoch

Electrician's Arms
How much do you think your annual overheads are?
 

Kjb Electrical

EF Member
Cheers! I’m doing mostly domestic work at the moment and I’ve just started to receive work from a local housing association. At the moment my overheads are roughly 5K..
 

Murdoch

Electrician's Arms
Cheers! I’m doing mostly domestic work at the moment and I’ve just started to receive work from a local housing association. At the moment my overheads are roughly 5K..
So let’s say it’s £6k excluding replacing a vehicle

At best you will probably work 40 weeks per year ....

So 40 x 40 x 2o minus 6000 = 26k

Way too low to make self employment a sensible employment course ...
 

Paignton pete

Regular EF Member
Hi kjb,
Wow! Honestly I'm gobsmacked at £20 per hour. Really pleased your asking on hear what you should be charging.

Obviously it's up to you, but I don't know how you will make profit.

My charges are

Out of hours call out £65 per hour
Emergency day time call out £65 per hour
Normal hourly rate £45 per hour
Day rate. £225

Hope that helps
Peter

P.S. I am putting my rates up next month as I know other spark in the area are charging much more and I know I am much better than them.
 

rolyberkin

Electrician's Arms
It depends how much work you are getting, how busy you want to be and what your overheads are, my kids charge me £10 for cleaning my car! Anything less than £30 an hour is too cheap unless its mates rates.
 

Rpa07

4000 posts - only 54195 behind Telectrix!
Electrician's Arms
That's it - next new client my prices go up! No wonder people jump at my experience - and I thought they were after my wit and repartee!
 

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