Power Play: UK Businesses and Their Bright Energy Footprint
POWWR’s latest Energy Barometer has just dropped the truth bomb: a typical UK business is lighting up over 28,000 MWh of electricity in a year. That’s 6.5% more than last year—so much that you could power a Premier League stadium without even breaking a sweat.
The Price Tag on the Power
All that extra wattage isn’t free; the average business spends about £5,265 a year on energy. And that figure is anything but flat‑lined across the country. If you’re in South Wales, you’ll see rates hovering around £6,792—while London’s vat’s similar at £6,178. On the flip side, the North East and North Scotland see tariffs as low as £3,752 and £3,799, respectively.
Data‑Driven Reality Check
POWWR sifted through more than 300,000 data points to pull this juicy insight. The quarterly report gives businesses a clear snapshot of how much is being consumed and at what price.
Shorter Contracts, Longer Uncertainty
Take a look at the contract saga: the average energy contract is now only 22 months—down from 29 months in 2020. The market’s still buzzing with uncertainty, but there’s a silver lining. A surge of competition among suppliers and suppliers’ use of tech means prices are likely to stabilize and possibly even dip.
CEO Speaks Straight
Matt Tormollen, CEO of POWWR, sums it up: “It’s been bumpy for UK biz—pandemic fallout, soaring inflation, geopolitical jitters. Higher energy costs are a real tail‑in the teeth for companies big and small. And the Ofgem price‑cap change could throw even more heat on our budgets during the coldest months.”
Smart Moves for the Planet & the Bottom Line
The takeaway? Energy suppliers should keep arm‑in‑arm with businesses, offering tools, insights, and nudges to trim consumption. It’s a win‑win: the planet gets a breather and companies keep their profits from going south.
Seven Whimsical Tips to Nail Your Self‑Assessment Tax Return (Just in Case You’re Reading This)
While the energy report is the star, let’s not forget we also need to keep our tax cords in order—here’s a breezy list to keep your Self‑Assessment tidy:
- Start early: avoid the last‑minute scramble.
- Gather receipts: every sip of coffee could matter.
- Check deductions: there are more tax breaks than you think.
- Use software: the digital path saves time.
- Verify personal details: a typo can cost you.
- Ask a pro if needed: a little help goes a long way.
- Keep records for at least five years: future self will thank you.
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