As temperatures rise, most people are focused on barbecues, vacations, and days at the beach. But for savvy businesses, summer also offers a unique opportunity to lock in great energy rates. If you’re in the market for a new energy contract, now could be the perfect time to make your move. Here’s why:
Summer prices are historically lower
Energy prices fluctuate throughout the year due to supply and demand, weather patterns, and market factors. During the winter months, heating needs drive up demand, which can cause prices to spike. In contrast, the summer months often see a drop in prices. With lower demand for heating and a steadier supply of energy resources, you’re more likely to find favourable rates.
By locking in your energy contract during the summer, you can secure a lower price before the cooler months set in and energy costs start to rise again.
Avoid price spikes in winter
One of the biggest risks of delaying your energy contract decision is being caught off guard by price spikes in the colder months. Electricity tends to experience higher demand during the autumn and winter, leading to increased prices. If you wait until the winter to renew or switch energy providers, you may end up paying more than you would have during the summer.
A new contract in the summer allows you to hedge against these fluctuations. You’ll know exactly what you’re paying for energy throughout the year, regardless of how the market shifts.
Greater stability and predictability
By signing an energy contract now, you can lock in a fixed rate. This is an excellent option for businesses who prefer stability and predictable monthly bills. A fixed-rate contract shields you from unexpected price increases during high-demand seasons, giving you peace of mind. Plus, many energy providers offer competitive deals during the summer, when customers aren’t as focused on their energy bills, giving you the chance to shop around for the best offer.
Favourable market conditions
Summer months tend to be a quieter time for energy markets. With less demand pressure, there is more competition among energy suppliers, which could lead to better deals. Suppliers may offer special discounts or promotional rates to attract new customers, making it a perfect time to sign a long-term energy contract at a lower price.
Additionally, the stability of global energy supply chains during the summer contributes to more favourable market conditions. When there’s less pressure on energy infrastructure, prices stabilize, making this the best time to explore your contract options.
Energy efficiency in summer prepares you for winter
Summer is a good time to think about energy efficiency in your home or business. Many people assume winter is the time to consider their energy needs, but preparing in advance during the summer can help you save more when it matters most. By locking in a lower rate now, you can make sure your budget is ready for the higher usage that often comes with winter heating demands.
Furthermore, summer offers the perfect opportunity to evaluate your energy provider and ensure you’re getting the best deal. Whether it’s switching providers or renegotiating your current contract, you can ensure you’re prepared to make energy-saving adjustments before peak energy usage begins.
Take advantage of renewable energy incentives
If you’re looking to transition to greener energy sources, summer can be an excellent time to make the switch. Many energy companies offer special incentives for renewable energy contracts during this season. With more sunlight and milder weather, solar and wind energy production is at its peak, which can make renewable energy contracts more attractive and cost-effective.
By signing a new contract now, you can benefit from these incentives and reduce your environmental impact while potentially lowering your energy costs in the long run.
Beat the rush!
As summer winds down and people start thinking about the colder months, there tends to be a rush of customers looking to renew or change their energy contracts. By acting early, you can avoid the rush and secure a great deal before demand increases. Energy suppliers often have more time to negotiate favourable terms and customize plans during the slower summer months.
Conclusion: Lock in low energy prices now
Summer is more than just a season of relaxation; it’s an opportunity to make smart financial decisions that will benefit you for the rest of the year. By locking in a new energy contract during the summer months, you can take advantage of lower prices, avoid future price spikes, and enjoy the stability of predictable energy costs.
Don’t wait until the high-demand winter months to make your move. Contact us today to explore our competitive summer rates and find the energy plan that’s right for you. Now is the perfect time to secure your energy future at a lower price.
Here at Fidelity Group we are experts in energy. Why not talk to one of our experts today and find out more about our leading solutions? Just go to our Contact Us page now.
