Act Now To Avoid High Spring Energy Price Rises

With rocketing UK energy prices, most packaging businesses will want to shop around for the best deal when their contract renewal is due.

With rocketing UK energy prices, most packaging businesses will want to shop around for the best deal when their contract renewal is due.

But some could find themselves locked in to uncompetitive contracts, according to Utility Auditing.

Companies facing April renewals for their gas or electricity need to act now warns the Manchester-based energy adviser, Utility Auditing emphasised.

The company's managing director, Paul Backx, commented: "Energy suppliers require between 30 to 90 days' customer termination notice to switch contract.

Many businesses don't realise this and are leaving it too late to find a more competitive alternative.

Energy prices have virtually doubled in the past two years so there is a clear financial imperative to test the market in an attempt to offset the cost increases." Added Backx: "Some companies are panicked by the prospect of terminating their contract in the belief that their supply will be prematurely cut off.

We would advise them to serve notice whilst they consider their options, even if the best deal at the end of the day is to re-contract with their existing supplier.

At least this gives the customer the time to test the market without fear of being locked in to an expensive deal with an uncompetitive supplier." Utility Auditing said that it offers companies a free energy assessment to identify the most cost effective options for energy and gas and provides guidance on the right tariffs and supply capacity to suit a company's precise needs.

Eligible companies can also access government funded Carbon Trust surveys to help cut costs through improved energy efficiency, added the company.

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