Welcome to Our Weekly Newsletter!
At Energy Costs Managed, we believe managing your energy costs should be about more than simply finding a tariff.
Every business has different energy requirements, risk tolerances and contract objectives. That's why we provide tailored procurement and ongoing energy management support designed to help businesses manage risk, control costs and make informed decisions.
Are You Leaving Your Energy Contract Until the Last Minute?
When an energy contract is approaching its end date, it can be tempting to put renewal decisions off until the last minute.
However, waiting too long can leave your business with fewer options and less time to assess the market.
A proactive approach to energy procurement can give you greater visibility, more time to consider your options and the opportunity to make a decision based on your business's circumstances rather than a looming deadline.
Know when your contract ends
One of the simplest steps you can take is to know exactly when your current energy contract expires.
With multiple meters, sites or suppliers, it can be easy for renewal dates to get overlooked.
We help businesses keep track of important contract dates so that energy procurement can be planned rather than rushed.
Give yourself time to review your options
Energy prices can change considerably over time.
Starting the procurement process early allows you to monitor market conditions and consider whether securing a new contract now, waiting for a potentially better opportunity or taking a different approach could be appropriate for your business.
There is no one-size-fits-all answer.
The right approach depends on factors such as your budget, risk tolerance, consumption profile and how far in advance you need certainty over your energy costs.
Don't focus solely on the headline price
A low unit rate may look attractive, but it is only one part of an energy contract.
Standing charges, contract structure, payment terms, flexibility and other contractual considerations can all affect the overall suitability of an agreement.
We help businesses look beyond the headline rate and understand the wider terms before making a decision.
Compare the Market
Having access to a range of suppliers can help ensure your options aren't limited to a single provider.
At Energy Costs Managed, we compare more than 20 suppliers when procuring energy, helping businesses assess available options based on their individual requirements.
Avoid rushed decisions
Leaving procurement until the final few weeks of a contract can create unnecessary pressure.
By starting earlier, you have more time to gather accurate consumption information, review your existing agreement, consider your objectives and assess available options.
It also means you can approach renewal with a clearer understanding of what you want from your next contract.
Ongoing support after procurement
Choosing a new energy contract is only part of the process.
Once your agreement is in place, there are still bills to check, meter readings to provide, supplier queries to resolve and market movements to monitor.
Our ongoing energy management service helps businesses stay on top of these areas throughout the life of their contract.
Is your contract coming up for renewal?
If your electricity or gas contract expires within the next 12 months, now could be a good time to review your position.
Energy Costs Managed has more than 15 years of experience in the energy industry, supporting businesses with procurement and ongoing energy management.
We can review your current arrangement, identify upcoming renewal dates and discuss the options available for your next contract.
Wholesale Energy Prices
Wholesale energy prices have remained volatile this week, with movements across the forward periods we monitor.
For businesses approaching contract renewal, keeping an eye on wholesale market movements can provide useful context when considering your next energy contract.
Week to date - 26th August to 2nd September
Gas
- October 2026: ↑ 162.26p to 182.15p/therm
- December 2026: ↑ 167.91p to 186.75p/therm
- March 2027: ↑ 151.34p to 169.65p/therm
- June 2027: ↑ 102.34p to 118.35p/therm
Electricity
- October 2026: ↑ £128.30 to £141.56/MWh
- December 2026: ↑ £138.61 to £150.01/MWh
- March 2027: ↑ £132.98 to £140.55/MWh
- June 2027: ↑ £86.92 to £98.27/MWh
Thank you for reading this weeks newsletter.
We'll be back next week with the latest wholesale energy market movements, practical advice and expert insight to help your business manage energy costs more effectively.
If you would like to discuss your current energy contract or arrange a complimentary energy review, we'd be delighted to help.
Have a great weekend!
Chris Horsley
