Global energy markets remain highly sensitive to geopolitical developments, with recent events in the Middle East once again highlighting how international conflict can impact wholesale gas and electricity prices across Europe and the UK. Over recent weeks, tensions in the region have escalated significantly following military exchanges involving Israel, Iran and their regional allies. The […]
The British Industrial Competitiveness Scheme (BICS) could be one of the biggest changes to industrial electricity costs in decades. Designed to address the long-standing challenge of high UK industrial electricity prices, the scheme aims to improve the competitiveness of UK manufacturers by reducing electricity costs and supporting long-term investment and growth. For eligible businesses, the […]
For many businesses, energy procurement starts and ends with one number: The unit rate. “How many pence per kWh are we paying?” It’s understandable. Unit rates are easy to compare, easy to market, and often seen as the headline figure that determines whether a contract is “good” or “bad”. But in today’s energy market, focusing […]