Unlike your household energy, if you let your business fall on out of contract rates you will be paying a significant premium. We have seen some business customers unknowingly pay between 200-500% extra then if they were on fixed term contract rates instead.
Wholesale gas prices have surpassed UK records this year due to the energy crisis and the conflict in Ukraine.
Suppliers can amend their out of contract rates for businesses when they wish and have been increasing their deemed rates each month in order to afford the elevated wholesale prices of gas and power.
What does this mean for your business?
Wholesale gas has peaked at over six-times the pre-2021 record and market analysts say there is no sign of downward pressure on prices for the next few years.
Energy markets are also heavily dependent on how the conflict between Ukraine and Russia develops further.
We can support and guide you through these unprecedented times, to help you make the best, most informed decision for your business.
hello@fidelity-group.co.uk | 0800 840 6800
