Gas and Electricity Prices at an all Time High
Practices will be aware from the news gas and electricity prices in the UK are at an all-time high and further large increases are expected over the coming months.
Because of the volatile Global energy market several suppliers have already ceased trading mainly in the residential sector, but it could also affect some business energy suppliers. CNG gas have announced their intention to pull out of the small business market and are currently trying to find a buyer for their existing customers at the current contract terms. However, if a buyer is not found their existing customers could find their supply switched to a Ofgem nominated supplier at their very high deemed rates.
CNG customers may hear in the next few days what is happening going forward. Practices who fixed their renewal rates in 2020 and early 2021 for the next 2-4 years should be ok for the time being. Any practice with gas and electricity contracts currently on variable rate contracts, are due for renewal in the next 12-18 months or are currently in a fixed rate contract with CNG can expect a large increase in their energy costs at renewal.
What can you do to reduce the impact on your practice utility Costs?
Contact the Caradoc Energy consultants Perfect Sense Energy and get them to review your current energy contracts and where possible tender for fixed rate renewal quotes. Perfect Sense Energy has access to over 25 of the top UK energy suppliers and currently the difference in rates between individual suppliers is quite extensive. Perfect Sense Energy will strive to get you the best value contracts possible in the current market and recommend the best way forward and possible energy savings solutions.
Contact your Caradoc energy account manager: Colin Stephens
Email: [email protected] Quoting CARADOC
Direct Tel: 07974 698975
Tel: 01942 367599
Fax: 0845 299 1030
17 Hope Carr Road