Welcome to Our Weekly Newsletter!
Building a Smarter Energy Budget: Why Visibility Matters
Wholesale energy prices will always fluctuate, but one of the biggest challenges for businesses isn't simply the price they payit's the lack of visibility over future energy costs. Improving your understanding of energy consumption and planning ahead can make budgeting more accurate and reduce unexpected costs throughout the year.
Businesses that regularly review their energy contracts and consumption data are often better prepared to make informed purchasing decisions when opportunities arise.
Understanding Your Energy Costs
Many businesses only look at their energy costs when it's time to renew their contract. However, reviewing your usage throughout the year can reveal trends that help improve budgeting, identify inefficiencies and support better procurement decisions.
Understanding when and how your business uses energy provides valuable insight that can influence future contract choices and operational planning.
Why Regular Contract Reviews Matter
Waiting until your contract is close to expiry can reduce the number of options available. By reviewing your contract well in advance, you have more time to assess market conditions, compare purchasing strategies and ensure your energy procurement aligns with your business goals.
An early review doesn't mean committing immediately it simply gives you greater flexibility and more control over the process.
Small Changes Can Deliver Long-Term Savings
Energy management isn't only about securing competitive unit rates. Reviewing your tariff structure, validating bills, identifying unnecessary charges and improving energy efficiency can all contribute to reducing overall costs.
Incremental improvements made throughout the year can often have a significant impact on annual energy expenditure.
Partnering with the Right Energy Experts
At Energy Costs Managed, we help businesses understand their energy costs, monitor market developments and identify procurement opportunities that support long-term budgeting and cost control.
Whether your contract is due for renewal or you're simply looking to gain a better understanding of your energy spend, our team is here to provide independent advice and ongoing market insight.
Have a great weekend!
Chris Horsley
Wholesale Energy Prices
This week, wholesale gas and electricity prices declined across the reported forward contracts. Gas prices fell by between 2.4p and 3.7p/therm, while electricity prices decreased by £2.7 to £5.7/MWh, reflecting a softer wholesale market and reduced forward price expectations for delivery between August 2026 and March 2027.
With wholesale prices continue to remain volatile, 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: ↓ 149.45p to 146.43p/therm
- September 2026: ↓ 150.63p to 148.24p/therm
- December 2026: ↓ 155.45p to 151.95p/therm
- March 2027: ↓ 134.80p to 131.13p/therm
Electricity
- August 2026: ↓ £125.69 to £122.44/MWh
- September 2026: ↓ £127.34 to £121.60/MWh
- December 2026: ↓ £133.10 to £130.05/MWh
- March 2027: ↓ £122.30 to £119.64/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.
Take a look at our latest insights to see where businesses are losing money on energy and, more importantly, where they can make meaningful savings. Whether you manage a golf club or a restaurant, these articles uncover hidden energy costs, explain what's driving your bills and provide practical steps to improve efficiency, reduce consumption and lower your overall energy spend. They're well worth a read if you're looking for opportunities to cut costs without compromising operations.
Golf Club Energy Audits: How to Identify Hidden Savings Across Your Club
Golf clubs across the UK are facing increasing pressure to manage rising operating costs while continuing to provide excellent facilities for members and visitors. From maintaining the clubhouse and hospitality areas to managing course facilities and changing rooms, energy plays a crucial role in daily operations.
However, many golf clubs do not have a complete understanding of where energy is being used, which areas are creating the highest costs or where savings opportunities may exist.
A professional golf club energy audit can provide valuable insight into energy consumption, identify inefficiencies and help clubs develop a practical strategy to reduce costs.
With energy prices remaining a significant concern for businesses, understanding how a golf club uses energy has become an important part of protecting profitability.
How Much Energy Does a Restaurant Use? Understanding Costs and Ways to Reduce Bills
Running a restaurant involves managing many different costs, from staffing and ingredients to rent, equipment and utilities. Among these expenses, energy is one of the most important overheads to control because restaurants rely on electricity and gas throughout the day to deliver their service.
Commercial kitchens, refrigeration, heating, lighting and ventilation systems all contribute to energy consumption. With rising energy prices continuing to affect hospitality businesses across the UK, many restaurant owners are looking for ways to understand their energy usage and reduce unnecessary costs.
Knowing how much energy a restaurant uses, what influences consumption and where savings can be achieved can help businesses improve profitability while maintaining the quality of service customers expect.
