Moving Premises and Business Energy
We know that moving into new businesses premises can be stressful and important tasks, such as organising your...Read More
There was a 6% increase in oil prices in March as traders worried that hostilities in Yemen would disrupt supplies. So far this hasn’t been the case but prices have again increased and the cost of Brent crude oil has gone up by about $9 a barrel in the last six weeks to around $65.
The continuing conflict in Yemen is still playing a part in these price rises. But it’s unlikely they will go back up to the previous levels any time soon.
Gas is a by-product of oil exploration and production. Over the last few years a number of different sources of gas have emerged including shale gas. But gas prices are still strongly linked to oil prices because of overlap in production and exploration.
Gas prices are linked to electricity prices because gas is used to generate electricity. This means oil prices can have an impact on both business electricity and gas costs.
But business gas and electricity prices haven’t fallen as much as had been hoped as a result of lower oil prices – partly due to government levies on bills.
Now, as economies around the world recover, oil consumption is expected to increase. And when consumption goes up prices can increase. While there’s a glut of oil at the moment, prices aren’t likely to increase rapidly in the short term. But they will start to go up.
If your business energy contract is due for renewal now or over the next few months it’s important to make the most of these lower energy prices.
Use a compare and switch site to find a better deal. Fix your contract and benefit from these lower prices for the next two, three or even four years. Knowing exactly how much your energy will cost will allow you to make better long term decisions.
SwitchMyBusiness.com offers a straightforward solution, cutting bills by up to 70%, with exclusive supplier rates. Thousands of businesses have already saved an average of £747 per switched meter with a call that takes less than five minutes. For an impartial expert option, fill in the form at the top right of this page or call 0800 411 8830
A lovely lady called Bhavni phoned me …
"A lovely lady called Bhavni phoned me very quickly after I went online. She couldn't have been more helpful, explaining all the different rates for me. She managed to save me a huge amount per year - gave me her direct phone number if I needed to phone again - like gold-dust! even gave me a termination letter to send to my supplier. Couldn't have been easier and will definitely use again - and hope I get to speak to Bhavni again. Thanks again"This review was posted by Julie Dickie on the 17th of January 2018
Excellent service and hassle free
"Excellent service and hassle free, Jessica Purnell handled everything for me and got us a great deal, even giving advice on how to cancel the previous contract. Thank You"This review was posted by Neville Blenkinsopp on the 17th of January 2018
"Brilliant service - very quick to the point and explained everything very well! Would recommend to anyone who is looking to change their electricity supplier."This review was posted by Jess on the 17th of January 2018
Excellent service straight to the point …
"Excellent service straight to the point and the process was painless!"This review was posted by Nick K on the 16th of January 2018
I wanted to switch energy supplier as …
"I wanted to switch energy supplier as had been with current one for a number of years but prices had increased quite a lot. I dealt with an extremely helpful person called Bhavni Manek, she made this a very quick and easy experience and would use the company again if they are all as great as she was"This review was posted by amanda green on the 15th of January 2018