UK businesses have reason to celebrate. Energy Security Secretary Grant Shapps recently announced measures that will make mis-selling business energy contracts harder and pave the way for lower energy costs. At the heart of this transformation is Great British Nuclear (GBN), a government-backed body launched to accelerate nuclear power development and deliver affordable, reliable energy for businesses.
GBN’s mission is ambitious: generate 25% of the UK’s electricity from nuclear energy by 2050. This shift promises to reduce reliance on imported energy, stabilize costs, and protect businesses from the volatility that has driven bills sky-high in recent years. For companies struggling with inflated tariffs, this is a game-changer.
Why Nuclear Energy Matters for Businesses
The expansion of nuclear power will strengthen energy security, cut dependence on fossil fuels, and bring transparency to pricing. With less reliance on imports and distribution cost fluctuations, businesses can expect lower, more predictable energy bills, boosting profitability and competitiveness.
GBN is prioritizing Small Modular Reactors (SMRs), innovative, compact reactors that offer significant advantages over traditional plants. Capable of producing 24 gigawatts of energy, SMRs could power hundreds of thousands of businesses annually. Industry giants like Rolls-Royce and Hitachi are already investing heavily, signalling strong momentum for this clean energy revolution.
When Will Businesses See the Benefits?
While the future looks bright, these changes won’t take effect until 2030 at the earliest. That means businesses must remain vigilant today. Many companies are still locked into expensive contracts signed during the energy crisis, and some were mis-sold deals by brokers who hid commissions.
Could You Be Owed Compensation?
If your business signed an energy contract in recent years, you may be entitled to thousands in compensation. Hidden broker commissions are reclaimable, and Business Energy Claims can help you check if you have a claim.
How to Claim
Contact us with your energy details, including MPAN or MPRN, supplier name, contract start and end dates, meter type, unit rates and standing charges. Claims can be made on both current and past agreements, so even historical mis-selling could qualify.
Act now, don’t wait for future reforms to ease your costs. If you suspect your business was mis-sold an energy contract, checking could mean lower bills or a significant pay-out.
Check if you have a claim today.