The energy crisis has been ongoing for some time now and there are no signs of it reversing in the near future. So here are 5 things you need to know during this crisis.

  1. It is not just gas…

40% of the electricity used in the UK is generated from gas, so the high wholesale gas prices have also impacted the cost of electricity contracts.

 

  1. There is no energy price cap for businesses

The Ofgem price cap only applies to domestic rates, so businesses approaching the end of their tariff or who are out of contract will be paying significantly more for their energy than they were previously.

 

  1. Check your contract end dates

If you are out of contract, it ends in the next 6 to 18 months or are in a long term one, speak to our team; so we can advise you on the next steps as there will be different options depending on your end dates.

 

  1. Do not accept your initial renewal offer

Your renewal offer is unlikely to be the best price available, and 9 times out of 10 a cheaper tariff is available. We can help you compare the market to get the best rate.

 

  1. Monitor the market

At the moment prices are changing all the time. We can compare the whole market to help you get the best deal now and help move you to a lower cost tariff when prices begin to fall.

 

 

Head on over to our business energy solutions page for more information.

 

 

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