Our research showing prices rising for Small and medium enterprises (SMEs) was featured in Energy News Live. Electricity prices for SMEs reached record highs in the second quarter of the year.
Discussing the reasoning behind the significant price rise Molly Lloyd Senior analyst at Cornwall Insight explained the rise in SME prices correlates with a significant upward trend in wholesale prices.
Day-ahead power prices rose 15.6% in April to average £69.31/MWh. Wholesale prices were supported by factors including higher gas prices, unseasonably cold temperatures and the associated higher demand levels.Molly Lloyd