While the UK’s reliance on Russian Gas is negligible, ‘Global’ shortages are driving up wholesale prices across Europe, with prices soaring exponentially and reaching highs of 55p electricity, and 27p gas in early March.

 

Fortunately, prices have recently began to stabilise, and while market volatility continues to effect prices positively and negatively, being aware of market movements and locking-in new contracts immediately after prices fall, is a prudent strategy for businesses.

 

So Why Are So Many Businesses Now Completely Out-Of-Contract, Paying Higher Charges?

Businesses have NEVER been protected by the energy price cap…

However the ongoing media bombardment regarding ‘domestic’ increases, have absolutely clouded things, and many businesses have taken advice given to the domestic market and applied it to their own commercial contracts…

 

Not a good idea when these markets operate entirely differently!

Interestingly, on April 1st when the domestic energy price cap was raised, which sent house-hold prises soaring by 40-50%…

The same day saw commercial energy prices for businesses down by 30%…

With so much disruption and confusion, is it any wonder that so many businesses have now fallen out-of-contract on their supply?

Many businesses have been wrongly advised, while others have thought they were protected by an energy cap that doesn’t exist…

And the reason this is now proving catastrophic, is that businesses which fall out-of-contract will move to rates which are often billed up-to 100% more expensive!

These rates are also variable, which means they are also open to even further price increases!

Suppliers won’t usually call businesses or write to them making it explicitly clear that their contracts have expired…

Instead, many simply include it in the small print on the bill and then wait until it is questioned!

If you are directly, or indirectly involved with energy contract renewals for your business, and feel your current deal may have expired…

Then a brief conversation with us could help your business end these exorbitant out-of-contract charges and secure significantly lower fixed-price rates.

We have the market data showing when prices spike and fall, which give us the advantage when advising clients to lock-in prices, at key times!

All of our advice, help and support is completely FREE of charge, and any subsequent contract offers are done on a no-obligation basis.