The current energy crisis has seen gas costs soar, with prices up by a quarter over the last six months. For small businesses, it’s a particularly unwelcome increase, following the challenges of both Brexit and the pandemic.
Recent weeks have been the most unprecedented in history with the collapse of countless energy suppliers. But through all the turmoil there are operational analysts who have continued to secure the best tariffs in the marketplace. Some even currently offering deals 20% cheaper than typical market rates. And for many small businesses those savings could be vital.
Yet whether you run your business from home or commercial premises, the one inescapable reality of the situation is that prices are continuing to rise. So, what can you do to counter this?
Don’t wait until your renewal window is up to change your supplier. Most suppliers offer a 12-month period during which you can renew. Lock in a price at the start of this period, which means you won’t be affected by any rise in prices during the following year.
If your business energy contract is almost over, get a free market comparison form a business energy specialists. Look for a specialist who will have access to exclusive products due to economies of scale and direct relationships with key business energy suppliers.
If your business energy supplier goes into administration you will automatically be migrated to a new supplier. Wait until this has happened and then get a market comparison to ensure you are on the best tariff for your business.
It’s a torrid time for the nation’s small business community at the moment. Taking a few practical steps now could pay dividends in the future.
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