The management of the deregulated energy market in the UK presents a difficult situation, as numerous government departments and regulatory bodies participate in shaping policies. To address this complexity, we have created this guide to evaluate the role of the Department for Business, Energy and Industrial Strategy (BEIS) and its impact on your business and strategy.
What is the Department of Business, Energy and Industrial Strategy (BEIS)?
What is the DECC and BIS?
Before the merger in July 2016, the duties of BEIS were divided between two distinct departments: DECC (Department of Energy and Climate Change) and BIS (Department for Business, Innovation and Skills). This was motivated by several factors, with the most frequently cited one being imperative for the UK to fulfil its 2050 climate targets.
Why is the BEIS important?
You can save on your energy bills today without knowing about them. If that’s your goal, just compare small business energy prices or read our helpful energy guides. Yet, knowing who the government decision-makers are is important for being an informed business owner and citizen. It helps you interpret government announcements and news articles, and possibly stay ahead of energy trends in the market, which could make you more competitive.
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Are you looking for a new energy deal and competitive business energy rates? It’s crucial to research and compare deals from the UK’s leading energy suppliers, this is where Business Energy Comparison can help. Our energy experts can help find an energy deal that best suits your business energy requirements. Get in touch with our energy experts at Business Energy Comparison to compare business gas and electricity prices.
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