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A Guide to Electricity for Business Energy

Over the past three years, business electricity prices in the UK have experienced significant fluctuations, influenced by various economic and geopolitical factors. In 2021, prices were relatively stable, but the onset of the global energy crisis, exacerbated by geopolitical tensions, particularly Russia’s invasion of Ukraine in early 2022, led to a sharp increase in prices. This spike was driven by rising wholesale gas prices, upon which electricity generation heavily depends in the UK. Throughout 2023, prices remained high, although there were periods of slight relief as the market adjusted to alternative energy sources and supply chain adaptations. Businesses have been urged to adopt energy efficiency measures and consider renewable energy options to mitigate the impact of these high costs. Overall, the landscape of business electricity prices has underscored the volatility of energy markets and the growing importance of sustainable practices.

Here is our guide to for Small Businesses and SMEs

Navigating the realm of business electric energy can be daunting for small business owners and SMEs. To help you make informed decisions and optimise your energy usage, here’s a concise guide:

By understanding your energy requirements, researching available options, and implementing energy-saving measures, you can effectively manage your business electric energy usage and help your bottom line. If you need assistance or want to explore energy price comparison options, consider utilising our services for personalised guidance and support