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How to Keep Commercial Energy Costs Down Amid a Tenfold Increase in Wholesale Pricing

Savills Earth Directors on How Rising Energy Costs Can Be Mitigated
Electricity pylons run across Romney Marsh in Kent from Dungeness nuclear power station. (Photo by Gareth Fuller/PA Images via Getty Images) (PA Images via Getty Images)
Electricity pylons run across Romney Marsh in Kent from Dungeness nuclear power station. (Photo by Gareth Fuller/PA Images via Getty Images) (PA Images via Getty Images)
By Chris Cummings, David Thomas
September 2, 2022 | 1:39 P.M.

According to Savills' analysis, the current wholesale gas price (830p per therm at the time of writing) is over 16 times higher today than the equivalent in April 2021 (50p per therm). While skyrocketing consumer energy bills have made headlines, and rightly so, the impact energy price rises is having on commercial users, landlords and occupiers of property is only beginning to be acknowledged.

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