📢 Top UK Business Energy Statistics 📢 💡 Business electricity unit prices vary between 27.3p/kWh in London and 30.8p/kWh in North Wales, Merseyside, and Cheshire in 2024.* 💡 In 2022, chemical businesses consumed the most business electricity, followed by the food and beverage industry.* 💡 Over the past decade from 2012, the business electricity market has seen fluctuations in selling value. The average selling value increased from £32.4 billion in 2012 to £59.8 billion in 2022, which is an 84.7% increase over the 10 years!* Considering the energy market's volatility, how would your business cope with such increases over the next decade? That's why we've partnered with the ITI Group to offer 5 businesses the opportunity to win A Business Energy Health Check! The prize includes: 🟢 A comprehensive assessment of your business premises to identify how and where your business is using energy and where you could potentially start making savings. 🟢 A WAGO Energy Data Management kit that will allow you to implement the recommended changes and start your energy-saving journey! This is a great opportunity to future-proof your business! Enter the competition now! ➡ https://bit.ly/4awgKGZ * Data from Statista, UK Business Energy Statistic & Uswitch.com
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I completely agree with this, there is an elephant in the room and it is a very large one at that. Energy prices will increase. All it takes is more political instability and/or one cold winter. There is a solution, future hedge your energy prices. You don’t have to wait until your current energy contract expires. Act now whilst the wholesale prices are low. I recently booked a client’s electricity wholesale price at an average of 7.2p per kwh starting from April 2026 that will last 2 years. Energy planning is like financial planning you have to think 2 years in advance ie the type of contract that is needed, understanding of your energy usage in terms of both the annual consumption and how it breaks down into both its monthly and day/night time split and your future potential demand. If you are a SME and would like to explore the possibility of hedging your energy costs please link in with me and send a message. There will be no cost to the client on the initial consultation and analysis with a no obligation to hedge.
It's time to talk about the elephant in the room... 🐘 Energy prices are set to rise significantly over the next few years. According to the latest report from Cornwall Insight, energy prices for businesses are set to rise significantly over the next few years. Market conditions point to continued volatility and price increases, leaving many businesses facing higher energy bills. ⚡📈 Data from Cornwall Insight’s newly launched Business Energy Cost Forecast has revealed that a typical small business such as a pub, restaurant or independent retailer is paying over £5,000 more a year in energy bills than prior to the energy crisis, with bills predicted to rise further from the April 2025 – March 2026 contract period. Dr Craig Lowrey, principal consultant at Cornwall Insight, called business energy bills “the energy elephant in the room”. He went on to say that: “Many businesses, especially in the retail arena, are navigating an increasingly challenging environment, with some struggling to survive month to month. Our forecasts showing energy costs are going to rise in 2026, only add to the pressures faced by businesses. But there’s a way to fight back. Investing in renewable energy and a Battery Energy Storage System (BESS) can help your business, or your client's, reduce reliance on the grid, store energy when prices are lower, and use it when rates spike. Not only does a BESS lower costs, but it also unlocks revenue streams like grid services and energy trading. 💡💰 Want to know more? Drop us a quick DM and one of our team will be in touch today to explain all about what a BESS can do for your business. #EnergyCrisis #BESS #CornwallInsight #EnergySolutions #BusinessEnergy #CostSavings
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It's time to talk about the elephant in the room... 🐘 Energy prices are set to rise significantly over the next few years. According to the latest report from Cornwall Insight, energy prices for businesses are set to rise significantly over the next few years. Market conditions point to continued volatility and price increases, leaving many businesses facing higher energy bills. ⚡📈 Data from Cornwall Insight’s newly launched Business Energy Cost Forecast has revealed that a typical small business such as a pub, restaurant or independent retailer is paying over £5,000 more a year in energy bills than prior to the energy crisis, with bills predicted to rise further from the April 2025 – March 2026 contract period. Dr Craig Lowrey, principal consultant at Cornwall Insight, called business energy bills “the energy elephant in the room”. He went on to say that: “Many businesses, especially in the retail arena, are navigating an increasingly challenging environment, with some struggling to survive month to month. Our forecasts showing energy costs are going to rise in 2026, only add to the pressures faced by businesses. But there’s a way to fight back. Investing in renewable energy and a Battery Energy Storage System (BESS) can help your business, or your client's, reduce reliance on the grid, store energy when prices are lower, and use it when rates spike. Not only does a BESS lower costs, but it also unlocks revenue streams like grid services and energy trading. 💡💰 Want to know more? Drop us a quick DM and one of our team will be in touch today to explain all about what a BESS can do for your business. #EnergyCrisis #BESS #CornwallInsight #EnergySolutions #BusinessEnergy #CostSavings
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🎯 We've just published our latest in a series of research reports on the UK Government's Review of Electricity Market Arrangements (REMA). This time we're "Zoning in on Zonal Pricing". ⚡ Zonal Pricing aims to change the way electricity is priced across the UK in a way that will incentivise new sources of generation to be built near where energy is in highest demand. This should reduce the cost of services like System Balancing which added over £2.8bn to consumer energy bills last year. We cover lots of topics in this report: ✅ What is Zonal Pricing? ✅ Why is it being considered? ✅ When might it be implemented? ✅ How might it impact wholesale and regional energy prices? ✅ Who are the winners and losers from a shift to Zonal Pricing? If you have interest or exposure to the UK energy market, and want to get up the curve on the potential impacts of Zonal Pricing, please do get in touch with Adam Forsyth (Head of Research) or Adam Robertson, CFA (Head of Distribution). Alternatively you can email us on research@longspur.com. #rema #zonalpricing #ukenergy #energytransition
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Global Home Energy Monitor Market Research Report 2024: Delving into Market Status, Size, and Industry Needs up to 2030 https://lnkd.in/eSyiijWN #marketanalysis #marketresearch #marketresearchreports #businessintelligence
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🤫 𝐓𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐞𝐧𝐞𝐫𝐠𝐲 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐭𝐞𝐫𝐦 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬' 𝐬𝐞𝐜𝐫𝐞𝐭 𝐰𝐞𝐚𝐩𝐨𝐧. Our July blog is a must-read with energy prices forecast to rise in autumn 👇 https://lnkd.in/eFnSrM98 #GetSmart #BusinessEnergy
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Understanding your energy rates can be confusing, and the default market offer or Victorian Default offer may differ from the most competitive price. That's why we encourage business owners to be proactive and work with an energy broker who can run a comparison for you to make sure you aren't leaving anything on the table. Our team of energy experts also write and share blogs to provide insight into the energy market so you can make more informed decisions for your business. The more you know, the more proactive you can be in saving money on your energy bills. Read our blog here: https://lnkd.in/g_wiR5pe
News – VDO, DMO and increased network costs: What will your electricity bills look like from July 1?
choiceenergy.com.au
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On Friday 23 February, Ofgem is expected to confirm the price cap setting the maximum amount that suppliers can charge for units of gas and electricity from 1 April to 30 June 2024. The exact amount a household spends on energy will depend on how many units they use. According to the latest price cap forecast by Cornwall Insight, annual energy bills for a typical dual fuel household paying by direct debit are expected to be around £1,635 - a reduction from the current price cap level of £293. Read our chief executive Mike Thornton’s response to Cornwall Insight's forecast: https://lnkd.in/ebZmjN86
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⬇️⚡️ Latest price cap update ⚡️⬇️ Research consultancy Cornwall Insight has released their final forecast for the October Energy Price Cap, predicting a 9% increase. The annual energy bill for a typical UK home is expected to rise by £146 on 1st October, jumping from £1,568 to £1,714. The situation may worsen still, with the consultancy predicting a further increase in January 2025. They point out that the global energy market still hasn’t fully recovered from the energy crisis caused by Russia’s invasion of Ukraine, and UK energy bills are still very sensitive to international events that could disrupt supply. The official Price Cap will be announced by Ofgem this Friday. https://lnkd.in/eapiV5ni
Energy price cap expected to rise by 9% in October
bbc.co.uk
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📌 We just published the latest Household Energy Price Index results for the residential energy prices in 33 European capitals in August! #ΗΕPI 🔷 European #electricityprices have remained stable since the beginning of the summer, now 5% lower than last year. 🔶 #Naturalgas prices stayed relatively steady in August, with most capital cities seeing little to no variation. 📊 In the graph below you can see how the capitals ranking changes when electricity residential prices are adjusted to the purchasing power standards (PPS). 🔍 Use our interactive visualization tools to compare more historical and recent data for the markets you're interested in! 🔗https://lnkd.in/e-rwYeD
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