In Q1 2021 we reported that the average SME electricity contract was priced at 17.95p/kWh (for 1-year acquisition contracts at the PC3-6MWh consumption point). This is the highest value since we started tracking propositions in 2012. We also recorded the fifth-highest figure for 25MWh gas contracts at 3.82p/kWh from our Pricing in the SME Power/Gas reports. In this Chart of the Week we look at the causes behind the price increases.
Sam Holland
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