Wholesale energy prices per kWh can vary on a weekly or even daily basis. On average, around half of a business energy customers bill is made up of the wholesale energy costs.
Changes in the price of wholesale gas and electricity can affect your business energy bill.
Those on a variable rate tariff are most likely to be affected. If your business is on a fixed rate tariff, changes in wholesale prices will not affect your unit rate.
Wholesale prices have fallen in recent years. The average wholesale electricity prices per kWh are currently at around 3 pence per kWh. The latest wholesale gas prices stand at around 0.5 pence per kWh.