Take advantage of our expert advice with our UB Insights series. Here you will find expert analysis of the energy market, guidance on how to get the most of your supplier, up to date business energy prices and a detailed breakdown on how to save your business money.
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Markets remain on edge over Middle East tensions, with fears that a broken ceasefire and potential closure of the Strait of Hormuz by Iran could reintroduce significant risk into energy prices.
Longer-term contracts, which closely follow gas prices, are likely to face more pressure this year due to the increased need for gas storage refills, as all EU countries compete to reach the 83% storage target between 1st October and 1st December.
EU gas storage currently sits well below the last 2 years and close to 2022 crisis levels, raising concerns for winter. Gas remains key for electricity generation, and while the UK is moving toward renewables, the transition is costly and reliant on weather, making prices highly sensitive to renewable output.
The EU’s planned phase-out of Russian gas by 2027 may impact 2–3 year pricing, while ongoing trade tensions could redirect US LNG away from Asia, could potentially increase availability to the EU.
Energy prices are influenced by a mix of global and domestic factors, which can significantly impact your business costs. Gaining insight into these dynamics can help you make informed decisions and save money over time. Get in touch one of our business energy experts to discover the best approach for navigating the current market.
The climate change crisis is at the forefront of most people’s minds, including business owners and leaders. To reduce our impact on the environment, the UK government has introduced several environmental tax and relief schemes to encourage small, medium and large businesses to operate in a more environmentally conscious manner.
The Climate Change Levy, along with the net zero carbon emissions scheme, are methods of encouraging businesses to improve their environmental footprint. But what is the Climate Change Levy and how does it affect your business?
MHHS is a major industry reform designed to enhance the efficiency and accuracy of electricity settlements in the UK. Scheduled for full implementation by 2026, it will require all electricity consumption data to be recorded and settled every half hour. This shift is expected to improve demand forecasting, reduce costs, and increase customer engagement with energy usage.
Market-Wide Half-Hourly Settlement represents a major step towards a smarter, more efficient energy market. Businesses should prepare for the transition by reviewing their energy strategies and contacting our energy experts to make the most of this new system.
For more information or to discuss your business energy needs, contact Utility Bidder today.
If you generate renewable electricity in England, Scotland, or Wales, you may qualify for a Smart Export Guarantee (SEG) tariff, which pays you for surplus energy fed into the grid. This scheme is not available in Northern Ireland, and sign-up is required as it is not automatic. Larger energy suppliers (150,000+ customers) must offer at least one SEG tariff, while smaller suppliers may choose to participate or provide alternative payment options for exported electricity. Contact our energy experts to find out if you are eligible for the Smart Export Guarantee.
Energy prices are rising due to colder weather, lower wind generation, and rapidly declining EU gas storage, increasing concerns over refill costs. Short-term contracts are affected by fluctuating demand, low reserves, and geopolitical tensions, with US-China trade tariffs potentially driving up LNG costs. Long-term contracts face additional risks from higher storage refill demands and uncertainty over replacing Russian gas with US LNG, further complicated by competition from Asian markets.
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Delaying your business energy renewal could lead to a higher bill by some margin, avoid paying more by securing your next energy contract today. Current future estimate rates predict that wholesale prices could be near double what we are seeing at the moment, arranging your next contract is likely to save your business in the long run.
If you work with an award-winning third party energy broker like Utility Bidder – yes you can. The energy market is changing and as we see suppliers ceasing trading on an unprecedented scale your choice of supplier is becoming more limited. However, thanks to our experience and relationships with many energy providers we are confident that we can still save your business money in the longer term.
Though national demand may begin to creep down as the warmer temperatures heat our homes and offices next summer – Ofgem has already reported that the domestic price cap will be raised in April. The price cap applies to your home energy but this reflects what is expected to happen to the energy market as a whole. It is very likely that prices will still be high in 180 days and our advice is to not risk it and secure your energy agreements as soon as possible.
Over 15 energy companies have gone bust since autumn 2021. However, should your business energy supplier go bust in the future, Ofgem, the energy regulator will move you to another provider. While that means your business won’t be without supply, it does mean you won’t be able to choose your provider and you could move to a more expensive tariff. That’s why it’s important to keep control of the process by working with Utility Bidder and proactively looking to lock in prices with a stable energy provider.
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