2021 Business Gas and Electricity Outlook

by | Jan 25, 2021

2020 will forever be looked upon as a year that fundamentally changed the global business landscape. Lockdowns prompted by the coronavirus pandemic forced businesses to rely on new means to go about their work, and premises were left dormant as employees adjusted to working from home. Business gas and electricity needs were an afterthought for many, but as we look ahead to a year with signs of positive change, it is time that they are addressed.  

Confidence is returning 

The rapid development of coronavirus vaccines has helped alleviate pressure on the medical industry. As vaccine roll-out plans expand to include people from all walks of life around the United Kingdom, we can begin to think about how the working world will adapt to the impact of changing business practices over the last year.  

Smarter Business Head of Mid-Market Solutions, Tim Sealy-Fisher, believes that all signs are indicating growing confidence that markets will continue to rally – which is reflected in increasing global fuel demand:  

“In early December, COVID-19 vaccine announcements generated confidence in oil markets with anticipation in a lift of global fuel demand, creating a surge in fuel and energy prices.  

During this brief period (1 December to 20 January) Brent Crude Futures, one of the fundamental drivers for UK wholesales energy prices, have rallied for six consecutive weeks increasing by 15.69%. 

On the back of these increases and forecasts for a return of the Beast from the East, gas and electricity prices have soared by 24.72% and 17.06% respectively.  To keep these increases in context; prices are still between 30% (electricity) and 13% (gas) cheaper than prices were in September 2018.” 

As you consider your business’s return-to-work programme, it’s time to re-examine your energy practices: 

How is your business energy contract structured?

Does it still apply to your new way of doing business?  

Whilst businesses are clearly still focused on recovery, this is a good time to consider switching energy suppliers as your business needs begin to shift once again.  

With the key focus from for businesses returning to the office being centred on social distancing and adhering to government guidelines and the safety of staff, it’s easy to push aside administrative activities such as optimising utility contracts.  Most business owners have enough on their plate without tracking energy markets,” said Sealy-Fisher.  

However, it is one area in which money certainly can be saved. The UK energy sector is a competitive market, and with energy prices in a state of flux, there are savings to be had by doing your research now.  

Expert guidance can help reduce gas and energy costs 

That’s how our team of experts can assist your business. With over 40 000 satisfied customers who have switched energy suppliers to save, we’re confident that we can find you the best price on your business gas and electricity needs.  

We take away the hassle, doing all the work and providing you with the savings. Our experienced consultants are on hand to compare different suppliers’ offerings, and find a tailor-made package that suits your long term energy needs.  

A look to the future 

For a limited time only, Smarter Business is offering clients with one year’s free access to the OpenView utility management platform, which provides daily updated forecasts of your energy costs for the next three years.  

This type of technology is usually only available to energy traders and brokers is has been adjusted specifically with our clients’ requirements in mind. 

The intuitive technology provides you with notifications based on your company budgets allowing you to focus on these costs at the times that matter, to take advantage of the savings on offer, and to mitigate potential future price increases. 

We know how important it is to cut unnecessary spending, and at Smarter Business, our team of experts can help optimise your energy costs. Contact us today for a no-obligations consultation.    

MOP DC/DA For Business Electricity | Smarter Business

Energy Spotlight: MOP DC/DA Contracts  What Are MOPs and DC/DA and Why Are They Important?  Effective metering and timely energy data hold extensive potential benefits for businesses. These include billing accuracy, effective energy efficiency strategies, and costs...

2024 Commercial Energy Price Forecast | Smarter Business UK

2024 Commercial Energy Price Predictions  For business owners, the question on everyone’s minds is, “Will energy prices fall in 2024?” At first glance, we appear to have started strong in 2024 – with a 12% reduction in the short-term energy price forecast according to...

2024 Business Energy, Gas, Water, Facilities Maintenance

Business Energy Tips for a Strong Start In 2024    Insights To Ensure Business Utilities Are New Year Ready  As we take our first steps into the new year, it is the perfect time to get everything in line to start 2024 on the right foot. Take the time to relook at...

2023 Winter Business Energy Savings

Quick Tips for Winter Energy Worries  How To Prevent Winter Energy Woes    As winter approaches, the cost of winter energy – at home and at work – is on everyone’s minds. It’s a good time to scrutinise energy consumption with savings in mind.  The domestic energy...

How the Israel-Hamas Conflict Affects Gas & Energy Prices

Will the Hamas-Israel Conflict Affect Energy Prices?  How the Hamas-Israel Conflict Impacts the Energy Market  The Hamas-Israel conflict has caused concern around the effect on the energy market. What is the connection between the Middle East and your energy bill?...