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Beyond Wholesale: Why High Bills Are Hurting UK Plc

Since the energy crisis, there has been an increased focus on how much British businesses are paying for their energy, especially their electricity. Although wholesale markets have eased from their peaks in 2022-23, delivered prices have remained stubbornly high.

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Since the energy crisis, there has been an increased focus on how much British businesses are paying for their energy, especially their electricity. Although wholesale markets have eased from their peaks in 2022-23, delivered prices have remained stubbornly high. There is growing recognition, especially amongst trade groups and the business media, that the cause of this is structural, with non-commodity costs – the costs which sit on top of wholesale energy prices – becoming more prominent in bills amidst policy and system changes.

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