Does the energy price cap apply to businesses?
You may be thinking, does the energy price cap apply to businesses like me? Is there a commercial energy price cap for businesses? Great news – we all have an energy cap! At last, we’re all saved! Our business is secure and we no longer need commercial solar panels!
What is the business energy price cap per kWh?
Unfortunately, the plans to help cut energy bills for businesses and the so-called ‘energy cap‘ at 21p per kWh does not mean you’ll be paying 21p per kilowatt for your power. You may still be paying 30p per kWh or more depending on the non-commodity side of the energy cost and the maximum energy discount receivable for businesses.
This will still be double what you were paying last year meaning solar is as relevant now if not more than it’s ever been. A solar proposal using 30p per kWh as its base rate calculation point for savings is still showing a payback in less than two years. This is the biggest, the fastest, and, greenest way to reduce your energy consumption and your CO2 emissions.
How long is the energy price cap for businesses in place for?
Given that the energy price cap for businesses is only in place for six months, it does not really give a long-term solution to the current energy problems. A commercial solar PV installation on the other hand provides up to 25 years of clean green-free energy to your business. I am sure you can agree that this is a sustainable long-term plan, something the government should really be doing for us rather than leaving it to individual businesses to shoulder the burden.
The benefits of installing solar panels before the energy price cap for businesses is lifted
What are the benefits of installing solar panels? Commercial Solar panel systems can contribute a significant amount of your electricity demand on-site, depending of course on your demand and available roof space or spare land.
1. Reduce operating costs, increase profits, and be protected against inevitable future energy price rises.
2. Benefit from a 20-45% return on investment and a 2 to 4-year total payback period.
3. Reduce carbon emissions, demonstrate your green credentials to customers and suppliers and maintain a competitive advantage.
We hope we answered your question ‘Does the energy price cap apply to businesses?’
