Why have business electricity prices increased?
Increases are mainly linked to faster than expected depletion in UK sources of gas. This has led to tighter gas supply margins and to more reliance on gas imports. These have both contributed to higher wholesale gas prices. Much of the electricity in the UK is produced using gas and so increases in gas prices result in similar increases in business electricity prices. . Are more business electricity price hikes expected? Yes. The major business energy suppliers are facing significant pressure as a result of lower margins in electricity due to escalating wholesale costs. They will need to keep returning their massive profits to their shareholders. With this in mind its widely predicted that the major suppliers will continue to increase business electricity prices over the coming months. . Is changing business electricity suppliers a hassle? No, not when you arrange to transfer through Onetalk. We ensure that all the correct paperwork is done, including, • Provide termination notice with
