Welcome to Our Weekly Newsletter!
Energy Prices Are Rising - Is Your Business Ready?
Wholesale gas and electricity prices have increased in recent weeks, reminding businesses just how quickly energy markets can change. With geopolitical uncertainty, fluctuating weather conditions and ongoing pressure on global gas supplies continuing to influence prices, many organisations are asking the same question: when is the right time to renew my energy contract?
While it's impossible to predict the market with complete certainty, one thing is clear leaving your contract renewal until the last minute can reduce your options and expose your business to unnecessary price increases.
Why Are Prices Increasing?
Don't Wait Until Your Contract Expires
Many businesses only begin reviewing their energy contract a few weeks before it ends. Unfortunately, this approach often means purchasing energy when the market dictates, rather than when conditions are most favourable.
By starting the renewal process up to 12 months before your contract end date, you'll have the opportunity to monitor market trends, review your options and secure a competitive contract when the timing is right for your business.
Plan Ahead with Confidence
There is rarely a perfect time to buy energy, but having a well-planned procurement strategy can help reduce risk and provide greater budget certainty. Monitoring the market over a longer period gives businesses more flexibility than making decisions under the pressure of an imminent renewal deadline.
At Energy Costs Managed, we monitor wholesale energy markets every day, helping businesses navigate changing market conditions and identify opportunities to secure competitive energy contracts.
If your current contract is due to expire within the next 12 months, now is the ideal time to start planning. Reviewing your options early gives you more flexibility, reduces exposure to market volatility and increases your chances of securing a competitive energy contract.
Have a great weekend!
Chris Horsley
Wholesale Energy Prices
This week, wholesale gas and electricity prices increased significantly, driven by a combination of geopolitical developments, warmer weather across Europe, and continued demand for gas storage. These factors have contributed to heightened volatility across the wholesale energy markets throughout the week.
With wholesale prices moving significantly this week, businesses approaching contract renewal should keep a close eye on market conditions. If your contract is due for renewal within the next 12 months, our team can help you understand how current market movements could affect your next agreement.
Gas
- August 2026: ↑ 120.83p to 131.98p/therm
- September 2026: ↑ 121.37p to 132.60p/therm
- December 2026: ↑ 126.16p to 138.10p/therm
- March 2027: ↑ 112.60p to 123.63p/therm
Electricity
- August 2026: ↑ £103.40 to £112.50/MWh
- September 2026: ↑ £104.82 to £113.14/MWh
- December 2026: ↑ £112.35 to £120.47/MWh
- March 2027: ↑ £103.38 to £112.46/MWh
Wholesale energy markets remain highly volatile. The prices shown are indicative only and intended to illustrate market movements. They should not be relied upon as trading or financial advice.
Whats New in The Energy Hub This Week?
This week in the Energy Hub, we're exploring practical ways businesses can take greater control of their utility costs.
Discover how pubs, bars and restaurants can reduce energy costs without compromising service quality, and learn why business energy bills remain stubbornly high despite falling wholesale prices. Both articles provide practical insights to help you better understand your costs and identify opportunities to save.
Why are Business Energy Bills Still So High? Understanding the Factors Behind Rising Costs
For many UK businesses, energy costs continue to be a major concern. Although wholesale energy prices have moved away from the extreme highs experienced during the energy crisis, many organisations are still paying significantly more for electricity and gas than they were in previous years.
Rising business energy costs can put pressure on cash flow, reduce profitability and make financial planning more difficult. Understanding what is driving high energy bills is essential for businesses looking to reduce costs, improve efficiency and make smarter decisions about their energy contracts.
How Pubs, Bars and Restaurants Can Reduce Utility Costs Without Cutting Service Quality
Running a pub, bar or restaurant in the UK has never been more financially challenging. Rising food costs, staffing pressures, and increasing overheads mean that margins are often under constant strain. While many operators focus heavily on supplier costs and labour efficiency, utility expenses are frequently overlooked as a controllable area of spend
Energy, water, waste management, and merchant services all play a significant role in day-to-day hospitality operations. These costs are essential to keep the business running, but without regular review, they can quietly increase over time and reduce overall profitability.
