What factors are driving energy prices?

Figures released by the Government in September showed that British businesses paid the highest electricity prices of anywhere in the developed world throughout 2023.
It also highlighted that the cost of power for industrial businesses had climbed 124% over the past five years, with electricity in the UK now around 50% higher than in Germany and France, and four times higher than the USA.
With 2023’s high prices and subsequent struggle to remain competitive impacting on a wide number of UK businesses, Enexus Energy examines how the energy market has developed throughout 2024, as well as a look ahead at upcoming winter energy markets.

Click here to read the full market insight.