Electricity price hike!!

aharty78ui

Does anybody know if there are any more price hikes expected? I run a business and electricity prices are eating up most of my money.

penrhyn

Yup, up to 10% was being speculated on the news this morning, roll on global warming!

Cardew

With the ever rising price of oil, I think it is inevitable that this will feed through to gas and electricity prices.

I supposed this 10% hike story is being leaked to prepare us for the bad news.

magyar

Apparently so

http://news.bbc.co.uk/1/hi/uk/7110592.stm

Wholesale power prices are expected to peak in Dec/Jan and then more or less stabilise.

Terrylw1

Worth noting that gas prices are linked to the following year, but you never see a discount based on falling gas prices - do you. So, I would expect further increases.

As a business I take it you are locked in? Be careful around the time when you contract is due to end because they are rolling and you may find your units prices jump a lot if you don't opt out or change to a better one.

http://forums.moneysavingexpert.com/showthread.html?t=604667

jhp

See http://forums.moneysavingexpert.com/showthread.html?t=49333

computerwoman

I heard it on the news as well for this january coming a hike in fuel bills:mad:

echurchill_-_E4B

You're right to be concerned, many businesses out there are. As you know, electricity wholesale prices are extremely unpredictable. Winter always causes awareness of price increases due to weather conditions and security of supply from national grid.

There are a number of things you can do to help save your business hundreds, if not more. Firstly, electricity4businesses 'Even 12 budget plan' ensures that you bills stay equal throughout the course of the year. Meaning that you'll have greater control of your businesses cash-flow.

Failing that, shop around for the best deal on your electricity - don't be afraid to shop around for the best tariff out there to suit your business.

The best advice long-term to make the most consistent savings would be to be clever with the way your business uses its electricity. You don't have to spend thousands on energy efficient equipment, just be smart about the way you use the electricity your business pays for. Remember use less - pay less, simple as that!
:j

Cardew

Surely the post above is just spam? even the name of the poster E4B!!

Terrylw1

Echurchill - thats spam and against the rules of this site. You should do that on the referrals only! You have also done it on another board and been told this!

OP - ignore that link!!!

Ken68

Sounds like the OP is part of the spam scam.