27 March 2026

How Can My Business Reduce Energy Costs?

With energy prices remaining volatile and non-commodity costs continuing to rise, reducing energy spend has become a priority for businesses across the UK. While many focus solely on securing a competitive contract, the reality is that meaningful savings often come from a combination of procurement strategy, operational efficiency, and technical optimisation.


Procurement: Timing and Strategy Matter

Procurement is often the first option businesses look to when trying to reduce costs. Securing energy at the right time and with the right type of contract can significantly impact your overall spend.


Rather than simply renewing at contract end, businesses should consider:


Monitoring wholesale market trends

Forward purchasing or flexible contracts

Aligning contract length with risk appetite and market outlook



A well-timed procurement strategy can protect against volatility and avoid locking into unfavourable rates during market peaks.


Energy Audits: Reduce and Optimise Consumption


Reducing consumption remains one of the most effective ways to lower energy costs. Conducting an energy audit helps identify where energy is being wasted and where efficiencies can be introduced.


This can include:


  • Identifying inefficient equipment or processes
  • Highlighting opportunities to reduce usage during peak tariff periods
  • Shifting consumption to off-peak times where rates may be lower


Even small operational changes, such as adjusting run times or improving maintenance, can deliver meaningful savings over time.


kVA Capacity and TCR Banding Reviews

Many businesses are unknowingly overpaying due to incorrect technical settings on their supply.


kVA Capacity
Your agreed supply capacity determines how much power your site can draw from the grid. If this is set too high, you may be paying unnecessary capacity charges. If it’s too low, you risk excess capacity penalties. Regular reviews ensure your capacity accurately reflects your operational needs.


TCR Banding (Targeted Charging Review)
TCR banding determines how certain network charges are applied, particularly for electricity. Being placed in the wrong band, or failing to optimise your position, can significantly increase costs.


Reviewing both kVA capacity and TCR banding can unlock savings without any change to consumption.


Bill Validation: Are You Being Charged Correctly?


Energy billing is complex, and errors are more common than many businesses realise. From incorrect meter readings to misapplied charges and outdated contract rates, even small discrepancies can add up over time.


Implementing a robust bill validation process ensures that:


  • You are billed in line with your contract
  • All charges are accurate and correctly applied
  • Any historical overcharges are identified and recovered


Without ongoing validation, many businesses simply assume their bills are correct. This can lead to overpaying and spending more than necessary on electricity.


Government Schemes and Support

Depending on your business type and energy usage, you may be eligible for government schemes or exemptions designed to reduce costs.


These can include:



Eligibility criteria can be complex, and many businesses miss out simply because they are unaware of what they qualify for. Reviewing your eligibility regularly ensures you are not leaving money on the table.


The Value of Expert Support


Reducing energy costs is no longer just about finding the cheapest unit rate. It requires an approach that combines procurement, technical optimisation, and ongoing validation. For many businesses, navigating this landscape internally can be time-consuming and complex. That’s where working with a specialist energy broker can make a real difference.


At SeeMore Energy, we support businesses in identifying cost-saving opportunities across every aspect of their energy strategy. From market timing and contract negotiation to bill validation and technical reviews.


If you want to ensure your business isn’t overpaying, get in touch today. Our team can analyse your kVA capacities and TCR banding, advise on your current contracts, recommend optimal procurement strategies, and identify if you are eligible for any government schemes.

February 2025 Review

by Craig Watson • 27 March 2026
With consumer spending declining and OFGEM raising their price cap, you would be forgiven for seeing February as a month where negative news was at the forefront, but in the energy markets, this was not the case.

2024 Review

by Craig Watson • 27 March 2026
In a year that began with falling energy prices, there were recurring catalysts that led to prices climbing steadily higher. Geopolitical uncertainty and the perennial threat of escalating conflicts meant fear would maintain a constant presence in the wholesale markets. We will look back at the key energy stories from 2024, and how the energy markets are likely to shape up in 2025. Quarter 1  The year began with cautious optimism as the UK’s gas reserve levels were healthy and prices for the Summer’24 season were in freefall. In February, prices pulled back to their lowest levels since 2021, and for the first time in a while, we identified that there was greater potential for upside risk than for further downward price movement: “ there now (exists) an asymmetrical element of risk should the market encounter a supply-side problem of significance. ” During February we had advised customers on flexible contracts that this was an ideal time for making purchases. March would see prices begin to ascend again as international conflict would create problems with LNG imports, and we would highlight the geopolitical risks as an area for concern moving forwards: “ fears remain and there are potential negative catalysts that could lead to prices rising further, with the main factors to watch out for being based on geopolitical unrest. “ For a business that purchases their energy in advance, this quarter was the optimal time for purchasing during 2024. In February, electricity prices for Winter’25 were down to 7.75p/Kwh, and as low as 6.05p/Kwh for Summer’25. Winter’25 ended the year with prices above 11.1p/Kwh, with Summer’25 prices exceeding 9p/Kwh. For a company that uses 500,000Kwh of electricity per month, the difference between buying at the February low point compared to today’s prices would represent a yearly saving of over £200,000.
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