A rate increase can result from market conditions, your contract terms, usage changes, demand, or utility charges — and if the supply rate itself increased, the first step is checking your contract to determine why. See how commercial electricity rates work for the full breakdown of what makes up your rate.
Start by asking:
Did my contract expire?
Did the pricing structure change?
Did a renewal provision take effect?
Did my usage change?
Are there additional charges?
Is competitive supply available?
Don't assume the increase is unavoidable. Understanding exactly what changed is the first step toward determining whether there is anything you can do about it — see ways to lower your electricity costs for where to go from here.