Did You Know?
Businesses are NOT protected by the Energy Price Cap!
Set in April 2022, the new Ofgem Price Cap will ONLY protect domestic users from soaring energy costs.
If your business ends up falling on ‘out of contract’ rates then you will face paying a significant premium in energy costs. AdaptiveComms have seen some business customers unknowingly pay between 200 – 500% extra with their costs than if they were on fixed term contract rates instead.
The ongoing energy crisis coupled with the conflict in Ukraine has caused Wholesale Gas prices to rise and surpass UK records. Energy suppliers amend their out of contract rates for businesses as they wish and have been increasing their deemed rates each month to afford Wholesale Gas for power.
Our Energy Partners
The need to cap costs for businesses is extremely important and at AdaptiveComms we work with and monitor a number of well-known and established energy suppliers.
By working with these suppliers, we ensure that we have access to the best market pricing available. Prices can sometimes vary by as much as 28% between the highest and the lowest quote for each customer.
If you only check the price of one supplier it is rare that their prices will be the lowest on offer. We can help you take away the pain and hassle of trawling the market and comparison sites looking for the best deal and our team is on hand to support and guide you through these unprecedented and uncertain times to help you make the best and most informed decision for your business.
The Need To Knows
It's 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 price cap increase announced by Ofgem will only apply for domestic rates so businesses approaching the end of their tariff or who are out of contract will end up paying significantly more in prices than they were previously.
Check your contract end dates
If you are out of contract, yours ends in the next 6 to 18 months or are in a longer term agreement, 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, a cheaper tariff is 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.
Your Business Can Lower Energy Consumption
Follow these tips and tricks below to help pocket the pounds and save on energy costs