In this monthโs episode of NUS NOW, Drax Energy Solutions, a large UK energy supplier and installer of decarbonisation solutions, joins us to discuss the non-commodities in the UK energy market, demystifying them and providing key insight into the future of your energy bills.
The non-commodity market is the more obscure aspect of all our energy bills, with less transparency than the more widely seen commodity cost. Yet despite this, non-commodities make up over 60% of the average energy bill with matters such as transmission, balancing, renewable contributions and more making up this aspect.
This part 1 of 3 where we discuss:
- What is each non-commodity?
- How are they expected to change with the introduction of RIIO ET3 and ED3?
- Are there new non-commodities on the horizon?
- And most importantly, how can businesses plan ahead to provide more certainty in their budgets?
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