New research from Energy UK shows the non-domestic electricity and gas markets are the most competitive they have ever been.
An independent report commissioned by Energy UK reveals that in recent years the number of active energy companies operating in the unconcentrated markets, and market shares outside the major suppliers, have contributed to an increase in competition.
This follows on from the first assessment, which found more companies have been supplying gas and electricity to homes across the UK. Other key outcomes include:
- Nearly 30 companies are actively working to supply gas and electricity to the energy business markets. This is the highest number of suppliers in the business market since 2005 when Cornwall Energy started its market share survey.
- At least 80% of gas used by business is from companies other than the largest household suppliers.
- Almost 20% of electricity used by business is supplied by companies other than the largest suppliers.
Angela Knight, Chief Executive, Energy UK, said: “The energy industry has become even more competitive, open and transparent in recent times. More companies than ever are claiming their stake – vying for customer business.
“Independent suppliers have seen a large increase in customers from the business community and are now supplying almost 80% of gas and 20% of electricity to them. These results are a clear indication that competition is working and thriving.”