Friday Energy Update 5/5/23

Still much of the same in terms of movements with the wholesale gas & electricity markets currently in a settled fairly plateaued state.

Over the last three days the trend has been light decreases on the shorter curves however, due to higher wind generation and warmer temperatures coming through.

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This is encouraging and should the settled position continue suppliers will start reducing risk within their rates. Some have already moved to do this – whereas others have not. As such the swings between supplier offers can be quite significant.

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If you are due for renewal shortly it is important that you check all business suppliers offers to ensure you will not be signing into higher rates than you should. For a typical Care Home’s electricity & gas usage this could equate to thousands of pounds. The swing can be as much as 150% between your current providers costs/renewal offer and another supplier. Higher if you are on out of contract rates.

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Get in touch

We are currently saving our clients, on average, over 60% on their utility bills. Please feel free to contact our Business Efficiency Team, on 01273 424904. So, we can provide you with recommendations around reducing your energy costs.

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