When the Levies Break: Why UK Business Electricity Costs are Still Rising

Commodity costs, network charges and policy levies are all increasing.

Cornwall Insight's latest blog sets out why business electricity costs continue to rise across every part of the bill, and what this means for businesses planning and budgeting ahead.

Inside:

• Why commodity costs are rising and what recent geopolitical events mean for business electricity and gas prices

• How transmission network costs are set to increase significantly over the medium term

• What the British Industrial Competitiveness Scheme (BICS) means for eligible businesses and what recent policy updates signal for the wider market

• What steps businesses can take across procurement, risk management and investment in onsite flexibility to mitigate cost exposure

Complete the short form to receive instant access to the full blog as well as regular news and analysis from Cornwall Insight.

Want to explore business energy costs further? Cornwall Insight is hosting a free webinar on Wednesday 3 June at 10:00am BST – Rising Costs, Shifting Risks: Understanding the Outlook for Business Energy Prices – covering the latest forecast trends, policy developments, and a live demonstration of our new digital forecasting tool.