Once you're running a business in London and suddenly start feeling the pinch every time the electricity bill arrives — you're not alone. Business electricity costs can vary dramatically across the UK, and unfortunately, companies based in the capital often face some of the highest business electricity prices in the country.
Wholesale electricity prices are the rates which mostly energy suppliers are committed to pay before selling to consumers . These prices shift daily based on demand, fuel costs, weather, and grid conditions.
But why is that the case? More importantly — what can you do about it?
Let’s break it down.