British firms can expect to see their energy bills fall by between 10-20pc this summer as turmoil in the oil market pays dividends for customers. The wholesale cost of gas on the UK market has plummeted by more than 40pc in the last year due to a global oversupply and depressed oil prices. The weaker gas price has also caused wholesale electricity prices to slump by more than 30pc, because a large amount of the UK’s power network is gas fired. Although companies are unlikely to see their bills fall at the same rate once government levies and transport costs are included, cost savings are still likely to top those seen by domestic customers. Typically, firms are able to negotiate contracts with energy suppliers, meaning that the business-to-business market is more competitive than household supply.
Telegraph 18th Feb 2016 read more »