Over the last five years, businesses have navigated an incredibly volatile environment driven by the COVID-19 pandemic, the war in Ukraine, and global economic instability. The substantial impacts of this period are evident in the non-domestic energy market, as highlighted by Cornwall Insight’s Business Market Share data.
The pandemic, coupled with soaring energy prices, sparked behavioural shifts which continue to shape businesses operations, and in turn their energy needs, to this day. With developments such as the continuation of hybrid working, and the corresponding lower office attendance, alongside the pressure to cut costs, seeing business energy consumption continue to fall.
Between the start of the nationwide lockdown in Q220, and the middle of this year Q224, gas volumes fell by 24%, and electricity volumes fell by 13%. This decrease coincides with a steady reduction in the number of non-domestic energy meters served by suppliers.
In our latest blog, we uncover the powerful trends driving this shift and examine how they are likely to shape business energy needs in the future. To read the full blog, please fill in this short form*.
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