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From the ELECSA website:
Section 8: Fee Sheet
The fees set out in this document are for the assessment, certification and maintenance of your ELECSA registration. All fees are effective from 1st January 2011 and are subject to VAT at the current rate unless expressly stated. Prices apply until further notice and are inclusive of travel and subsistence expenses.​
FeePart P Registration & Annual Renewal​
Online Application for Registration and Annual Renewal £370.00​
Paper/Telephone Application or Non-Direct Debit Annual Renewal £390.00

My first registration last year cost £370 + VAT, but I need to look into this before my renewal to see exactly what direct debit they want you to have in place.

Good point.

I know at least 1 person who pays Elecsa over 12 months, yet when I asked last year they offered me payments over 3 months.
 

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