Why You Need to Save Money on Your Business Electricity Bills in 2023

Electricity is one of the most essential and expensive utilities for any business. According to the Department for Business, Energy and Industrial Strategy (BEIS), the average electricity price for small and medium-sized enterprises (SMEs) in the UK was 15.37 pence per kWh in 2021. This means that a typical SME with an annual electricity consumption of 20,000 kWh would spend about £3,074 on electricity bills per year.

However, electricity prices are expected to rise in the coming years due to various factors, such as the increasing demand for electricity, the phasing out of coal-fired power plants, the uncertainty of Brexit, and the impact of climate change .…