Lock in todays prices and save against the expected incoming rises.
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What does the easing of Covid restrictions mean for me and my business?
By August 16th 2021, UK Covid restrictions will be the least strict since the start of the first lockdown. Given that this is a huge change, and that the energy market is massively reactive, we’re here to answer the question “What does this mean for me and my business?”
Energy prices are on the rise
Even in our Post-Covid world, we aren’t fully out of the woods yet. Economic growth statistics around the globe are still falling short of estimates and gas and electricity prices are already on the rise. Since March energy prices have been creeping up from their extremely low positions, we recommend to any business that securing an energy contract soon rather than later could save you hundreds on the bottom line.
Petrol prices begin to soar
As we continue to normality, and demand begins to ramp up, wholesalers predict that wholesale prices will continue to rise. This combined with the incoming cooler winter months, prices are expected to rise to pre-pandemic levels this year. Although global petrol consumption is expected to reach usual levels by 2023, we can already see the sharp price increases in fuel with petrol with prices rising from 118p in January to 130p in June.
Our Recommendations
Our research shows that UK Wholesales prices are on the rise, and in our experience, that’s usually followed by price rises for our customers. The best way to protect your bills is to secure a long-term contract, this will freeze today’s prices and will save you from any of the expected price rises through the duration of your contract.
When arranging a new contract you have up to a full year before the end of your contract to secure the next one. We recommend completing an agreement as soon as possible to protect you against further rises.
If you’re less than a year away from your contract end date, you could secure your next agreement today.
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