Given that Hinkley Point C is forecast to be 7 per cent of the electricity demand, what impact could it make to a typical business electricity bill of £2,600 per annum? If we assume 7 per cent of the market receives the Hinkley Point energy at £101.57/MWh with the rest at the current price of £38/MWh, the new market average price would be £42.45. That’s an increase of nearly 12 per cent. As 42 per cent of a bill comes from the wholesale market, the increase would actually be 4.7 per cent or £122 a year for a typical business. With the Retail Price Index (RPI) running at 1.6 per cent, that’s not as bad as some of the headlines are making it seem.
Small Business.co.uk 19th Oct 2016 read more »