Businesses across Britain have been taking a pounding, first with a Covid lockdown and now with an unprecedented increase in gas and electricity costs.
It is most unlikely that these high energy prices will come back down to pre-covid levels. So, what can be done? Well at the moment, not a lot. However, things have started to change for the better. The EU have announced that they will offer help to Europe. The panic buying of gas to fill stores is slowing (less demand). The UK’s new PM will announce plans for aid shortly. This news has created a downturn in prices already and depending on the final plans should see rates decreasing.
Suppliers are quoting increases upwards of 400% to 900% over pre-covid prices.
Businesses with contracts due to renewal over the next few months will be most affected. So, what action can you take if your contract is ending?
- Lower energy consumption wherever possible
- Decide if the current variable rates are actually better than a fixed contract
- Stay in touch with our partner for the most up to date advice
Utility Options is a BAGMA approved Service Partner and has energy account managers with great experience and a “Hands-on” approach to energy procurement. They will always offer best advice to members, depending on when the contract is ending, consumption and some other factors.
So if you are worried or undecided call Utility Options for a chat:
Freephone 0800 195 0123 or email: energy@utility-options.co.uk
