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Energy Crisis - How To Ensure Your Business Survives

17 Nov 2022

In October 2021, energy companies started to drop like flies. Twenty went bust in just a matter of weeks. There had been
cases of companies going bust before but never on this scale. This came just a month after a fire destroyed an electricity
interconnector that carried power between England and France and post-lockdown demand was outstripping supply.
Wholesale prices were spiking. Commercial and domestic customers were left not knowing who would supply them. The
energy crisis had started.
New Year came, demand went up, reserves were down and so prices kept rising. For the first time, domestic customers
were being told not to shop around for the best energy deals because you couldn’t get cheaper than Ofgem’s energy price
cap. To a degree that helped everyone at home, but what about commercial energy users. No such price cap existed there.
Prices kept on rising.
On 24 th February 2022, Russia invaded Ukraine. If you thought the energy price spike in October was bad, ‘you ain’t seen
nothing yet’. Prices jumped yet again to a new all-time high as Russia reduced gas supply to western Europe. Why did that
affect UK electricity prices? Well, more than one third of the UK’s electricity is made by burning gas. Whatever your views
are on Brexit, they had no bearing on how linked energy markets are across Europe, including the price of gas. Would prices
ever fall?
Well, they did for a while – back to roughly the crisis prices of the previous Autumn. These tariffs were even starting to look
good. Did it last? No chance. By June 2022 prices were on the up again and so it has been ever since.
The media reported almost daily on the effect energy price rises would have on residential customers, what the protective
dome of the energy price cap would look like over the coming months and what the Government would or wouldn’t do to
help householders.

But what about commercial customers? What about businesses, the retailers, manufacturers, offices? What about clubs,
associations, charities, schools, hospitals? They can’t operate without energy. What are they supposed to do?
This seminar from Utilitrack will not provide the solution to the energy crisis. That’s way beyond our control. However, if
you run a business with commercial premises where you pay for the electricity and gas you use, this seminar may provide a
way for you to mitigate the effects of the energy crisis.
Sooner or later, you are going to pay more for the energy you use than you have ever paid before. If you’d renewed your
contract in January, your costs would have increased by about 100%. If you’d renewed your contract in August, your costs
would have increased by about 300%. Your long term forecast for overheads needs to be re-written. But this doesn’t mean
you need to pay more than is necessary.
If you’re going to survive, you’re going to need a plan. This seminar will give you a ‘Swiss Army Knife’ of strategies to help
control your energy overheads and keep you in business. Please come along and take away a little energy for your business.
In case you haven’t heard of Utilitrack, we’ve been around since 2009 and are a UK wide network of business energy
brokers providing clarity and choice in a confusing and expensive energy market. We also happen to be a franchise (and yes,
we are looking for new franchisees) as we believe that our owner operated franchises will go the extra mile to look after
our clients.

Peter Lisney, Business Energy Broker - Utilitrack Ltd