Energy prices are tipped to rise by as much as 15% this year
We have been warned yet again, that commercial and residential energy bills are about to soar.
The country’s biggest supplier, British Gas has just increased the price of its best-buy residential online dual fuel tariff and its fixed rates. This move it is thought will be replicated by other energy suppliers.
The blame, according to the suppliers sits very much with the unrest in the Middle East, which is pushing up wholesale gas prices.
Households and businesses are already feeling the squeeze with many facing reduced income/ profits whilst outgoings, such as energy bills, are increasing.
There are ways to reduce energy bills, not least by looking to the new supplier entrants to the market which should improve competition. The consensus is that business and households alike should act now to prevent costs from escalating.
What can you do to protect your home or business from rising gas prices?
- Consider alternative and or new suppliers
- Recognise that wholesale cuts are not always passed on to the customer – look at retailers past commitment to this
- Look at fixed tariffs – this can be a gamble. What might happen is that you pay now to make savings later. However, costs could fall and from that you would not see the benefit. Most indications are that costs will rise and fixed tariffs can offer a sense of stability in this changing market.
- Ask for help! Shop around using the services of an energy broker; they may obtain prices and deals that are not offered via other direct methods.
It is very important for business gas users to compare business gas prices when renewing their contract; in order to maximise the savings available and to ensure that they are working with the right provider for them. If you would like to ensure that you are benefiting from cheap business gas prices when your current contract ends let us shop around for the best business gas price for you. We pride ourselves on our industry knowledge and understanding and our service is free. Contact us on 08444 931 444 or complete our free business gas quote form.
