Time to Review Gas and Electricity Prices?

While of course news of energy price cuts announced over the last few days by 4 of the UKs 6 major energy suppliers is positive, it does make this a good time to be reevaluating whether you are actually getting the best deal from your current gas and electricity supplier.

Interestingly although wholesale gas prices have come down, the price cuts are actually being applied quite differently by the main suppliers. While British Gas is cutting the cost of electricity, they have not made any changes to the cost of the gas they supply. On the other hand Scottish and Southern Energy and Eon are cutting their gas prices while not making any cuts to the price of electricity. While British Gas has many more gas than electricity customers, both SSE and Eon have more electricity customers and have only cut gas prices.

Overall there has been a drop in gas and electricity prices of 5%, but depending on who your supplier is and where in the country you are, this might not be reflected in your own utilities bills. The other thing to remember is that even if you are now getting the maximum saving you are still likely to be paying more than you were this time last year due to significant increases (up to 28% in some cases) that have been made in the last year.

It seems very likely that savings will be made by businesses who are ready to change gas and electricity suppliers this year, but there is not currently one overall cheapest supplier in the UK. The best deal will likely depend on both your location in the UK as well as your usage patterns. This makes it a great time to consult with The Whitebox Buying Group about the best options for your business.

Not only can we help you save money on utilities, in fact we can help you to make savings right across your company’s purchasing. Often we can help you save money even when you continue to purchase the exact same products from the same supplier.

Get in touch today to find out how much you can save…

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