Energy prices are continuing to rise , and this trend has barely reversed throughout the whole of 2021 . Whilst it is unacceptable to say how long the crisis will last , it is for sure fair to say that prices will stay at a high horizontal surface for some time to come . Gas commodity is brood around 250p / therm ( 8.5p / kWh ) and electrical energy around £ 250 / MWh ( 25p / kWh ) , up three time on what they averaged at this time last year . electrical energy prices are also further added to by the non - commodity costs sum to them such as taxis , green levies , and contract prices , sometimes think they are close to 30p / kWh .
A few factors have lend to this current situation , namely , the comparatively cold winter and outpouring earlier this year 2020/2021 , two nuclear ability place then failed to come online again after scheduled sustentation after summer , the UK has had its least blowy year in 60 years , supplies from Russia give chase off by 25 % less than 2020 , EU accelerator computer memory facilities have delays on schedule alimony ( postponed by Covid ) meaning levels had not been sufficiently top up , and need from other mart affecting admission with both Asia and South America now paying more for gas than before .
How best to oppose to monetary value increasesThe energy prices we are ensure are more than three time more than what we would expect . One strategy is to not regenerate and opt for Out - of - Contract rates until such a time that the cost come down . This is a expert option if your provider has not already increase their rate ( we are seeing 40 – 95p / kWh ) . However , if they have , the well quick answer for most would be to take a brusk - terminus ( 12 month ) contract .
Another option available to large users is to take a compromising contract bridge . This seems like it might be counterintuitive as it debunk one to prompt monetary value implications , but it will also be those the great unwashed who feel the welfare of any price alterations downwards . Under whippy contracts , you have the selection to fix for a week , month , quarter , or even season onwards so can choose when to move . Be cognizant this is not an option for everyone and come with pregnant risk .
How can you ensure all your energy is measured and account for?Whilst it is authoritative to think about contracts and costs , it is always important to think about efficiency too . Even if selection are limit where crop stimulus are concerned , professional energy efficiency audits are very successful in finding way to make savings .
Where do renewables fit into this mix?Because of what has encounter in the market place , it has become apparent that client with renewables onsite are doubly protected , both by being harbor by securities industry volatility in having their own supplying and in catch high prices for export to the power grid .
If export contract are due for renewal , now is a good time to negotiate a potentially remunerative uplift in pace . advertizement plants in particular , with their steady , predictable generation visibility , are doing very well from current food market conditions .
