There are so many scary stories in the media about rising commercial electricity prices that anyone coming to the end of a fixed price contract will certainly be worried about what’s in store for them. It can be daunting, renewing your electricity contract. You want a fixed price contract to protect you from the volatility of the energy market, but when is the best time to sign such a contract and for how long should the contract be?
Predicting what commercial electricity prices will do is nearly impossible. You have to factor in how energy buy ahead in the wholesale energy market, what’s happening with gas prices, nuclear energy generation, the political stability of countries we import energy from and more to figure out which way the market s heading. It seems like it is usually up though, with one or more of the previous factors blamed for the latest round of rising prices.
Owners of small to medium size businesses can’t possibly keep up with all of these factors just to determine the best and most competitive deal on commercial electricity. Even selecting the best tariff to suit your business can be a challenge. Fortunately there is a wealth of impartial advice online to help business owners make an informed decision and hopefully get the most competitive commercial gas prices available.