Energy News – 27/06/2017
A deal with the DUP may be yet to materialise, but that hasn’t stopped the Queen’s speech going ahead, wit...Read More
Saudi Arabia and allied forces carried out the air strikes in Yemen. There are now concerns that hostilities could spread to other areas in the Middle East – disrupting supplies.
Airstrikes began early on Thursday morning and there are worries that Iran could be drawn into the conflict as they are backing the rebel forces.
Yemen itself doesn’t produce very much oil. But the state is next to one of the main transit points for exporting oil by sea. Oil tankers using the Suez Canal also use this sea route.
Experts say the conflict won’t disrupt oil supplies to Asia but shipping lanes to Europe could be affected. While the increase in oil prices is not expected to last it does remind us that the Middle East is volatile and events there can impact the global economy. If the conflict does spread then further increases in oil prices could impact energy prices.
Oil prices are still around $60 a barrel – much lower than prices in June 2014 when it was around $115 a barrel. But electricity and gas prices are one of the highest costs for small businesses and any increase in prices can have a huge impact on business energy bills.
While this price rise shouldn’t impact business energy prices hugely at the moment, it reminds us that world events affect the energy market. Energy prices are some of the lowest they have been for a while. So if your business energy contract is due for renewal then compare prices. You could fix your charges for up to four years meaning any price rises is the meantime won’t impact your business energy bill.
Extremely helpful and clear to understand
"I have found the information and assistance to be very clear, and helpful. I was helped through the process of switching electricity supply by personal switching assistant Suhan Ashan who was not only helpful, but very patient in explaining all of the queries which I had and also researching the estimated KwH for our newly acquired office premises, as we had no previous tenant information."This review was posted by Sue Williams on the 24th of July 2017
Jessica help us arrange new deals for …
"Jessica help us arrange new deals for our start up business which was greatly useful particularly in time during busy setting out period"This review was posted by Allan on the 21st of July 2017
Really good doing business with Mark …
"Really good doing business with Mark Weeks and SwitchMyBusiness. Getting good energy deals for not-for-profit organisations are a nightmare but Mark made it really easy for us. Very many thanks, well done!"This review was posted by Tony Smith on the 20th of July 2017
Spoke with Mark Weeks great guy always …
"Spoke with Mark Weeks great guy always phoned back or email when he said he would and was a great help. Would use him again any time."This review was posted by Duncan Winton on the 20th of July 2017
Courteous and knowledgeable.
"I had my business transfer handled by Mark Weeks, he was courteous and knowledgeable about the various different tariffs on offer and made the process quick and simple. I would definitely recommend their services."This review was posted by Lawrie Sharp on the 19th of July 2017