The cost per kilowatt-hour (kWh) in your business energy expenses may vary among different suppliers. In formulating your business energy quote, suppliers initiate the process by evaluating your business's specific circumstances, considering factors such as energy consumption and location. This data collection helps them better understand your energy requirements, ultimately influencing the total cost of your quote and the unit cost (per kWh) applicable to your business's energy consumption.
When scrutinizing and devising your business energy expenses, a supplier takes into account various factors, including:
The industry in which your business operates.
The average annual energy consumption of your business.
The size of your business.
The number of fuels included in the quote.
Your existing business energy supplier.
The geographic location of your business.
The desired contract duration for your business.
Beyond these considerations, the energy cost per kWh may also be influenced by factors beyond your or your supplier's control. For instance, the wholesale cost of gas and electricity, what your supplier pays for the energy supplied to your business, can be influenced by external elements ranging from natural disasters to political events and conflicts.
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