5 Tips about the energy crisis - Fidelity Group Ltd

5

Need to knows
for businesses about
UK Energy

It is not just gas...

40% of the electricity used in the UK is generated from gas, so the high wholesale gas prices has also impacted the cost of electricity contracts.


There is no energy price cap for businesses

The Ofgem price cap only applies for domestic rates, so businesses approaching the end of their tariff or who are out of contract will be paying significantly more for their energy.


Check your contract end dates

If you are out of contract, ends in the next 6 to 18 months or are in a longer term one, speak to us now so we can advise you on the next steps as there will be different options depending on your end dates.


Do not accept your initial renewal offer

Your renewal offer is unlikely to be the best price available, and 9 times out of 10 cheaper tariffs are available. We can help you compare the market to get the best rate.


Monitor the market

At the moment prices are changing all the time. We can compare the whole market to help you get the best deal now and help move you to a lower cost tariff when prices begin to fall.

By working with a wide range of suppliers we ensure that we have access to the best market pricing available. Prices can vary by 28% between the highest and the lowest quote for each customer. If you only check the price of one supplier, it’s rare that their prices will be the lowest on offer. We take away the pain of trawling the market looking for the best deal.

Some of our energy partners: