Electricity prices this year have been as competitive as they have been for some time. During the UK Coronavirus Lockdown, demand for electricity was not as high as anticipated which resulted in the price in electricity dropping. Many businesses operated a ‘work from home’ policy or were running at a reduced capacity which resulted in this lower demand.
The prices were at their lowest during the lockdown period and GTC obtained significant savings for a number of our clients during this time. Since the restrictions were eased and businesses began to re-open their doors, we have noticed an upward trajectory in electricity prices. While the prices that we are receiving right now are still competitive compared to contracts secured last year, we are expecting this market to increase further over the coming months.
Contact GTC today on 08448267211 to discuss how we can manage the electricity costs for your business.