Commercial gas and electricity for 2022, stupid prices
Discussion
BGARK said:
Our electricity supplier contract ends soon.
What are you guys paying per kWh for electricity?
We have been told our rate will go up 93% next year, putting us around £20k per annum for just electric costs.
We also pay a stupid amount for gas...
Send me the details by PM. Are you using a broker, many are using the opportunity of you expecting high prices to bump up their commission too.What are you guys paying per kWh for electricity?
We have been told our rate will go up 93% next year, putting us around £20k per annum for just electric costs.
We also pay a stupid amount for gas...
BGARK said:
For the benefit of others.
We are currently paying 14.32p per unit or kWh (for electricity)
Our old supplier is increasing rates on 1st Jan to 28.14 per kWh
A 94% increase.
Might be worth checking your contracts!
I would be interested where you end up. Ours is due end of February. Not looking forward to the rate increase.We are currently paying 14.32p per unit or kWh (for electricity)
Our old supplier is increasing rates on 1st Jan to 28.14 per kWh
A 94% increase.
Might be worth checking your contracts!
Our contracts are due up at the end of December with the added bonus of the existing supplier (Opus) deciding to pull out of the market to Housing Associations so a change of supplier was definitely going to happen this time after 4 years with them (annual contracts tendered out and always came back as the cheapest).
Have seen a 75-80% increase in electricity costs from January with gas much higher, 200% in some cases.
Can’t recall the rates off hand, but recall some ridiculous increases in standing charges e.g. from £25 per month to £300 per month!
Have seen a 75-80% increase in electricity costs from January with gas much higher, 200% in some cases.
Can’t recall the rates off hand, but recall some ridiculous increases in standing charges e.g. from £25 per month to £300 per month!
Edited by lastofthev8s on Thursday 9th December 19:45
Chuffedmonkey said:
We had to renew in November and the fixed rates where 2 to 3 years at considerable increases. We decided that going onto the standard BG variable with no fixed length was the best option. Hopefully it was the right choice in the current climate but we will see.
I’m also considering variable rates. First time ever in 17 years, but don’t want to get stuck with ridiculously high rates for 2-3 years if the market corrects itself in a few months.Ham_and_Jam said:
Chuffedmonkey said:
We had to renew in November and the fixed rates where 2 to 3 years at considerable increases. We decided that going onto the standard BG variable with no fixed length was the best option. Hopefully it was the right choice in the current climate but we will see.
I’m also considering variable rates. First time ever in 17 years, but don’t want to get stuck with ridiculously high rates for 2-3 years if the market corrects itself in a few months.Brokers are only pushing 2 or 3 year because it gives them a chance to lock in hefty commissions without people questioning it.
Mr Overheads said:
1 year max is the way to go we think depending on your situation and number of sites you have etc. If just one site then definitely short term contracts.
Brokers are only pushing 2 or 3 year because it gives them a chance to lock in hefty commissions without people questioning it.
Our broker is really pushing two years with us. His reasoning being they don't see any let up in prices for the next couple of years. Brokers are only pushing 2 or 3 year because it gives them a chance to lock in hefty commissions without people questioning it.
If we go for 12 months it's a 100% price rise, 24 months is 82%!
RicksAlfas said:
Mr Overheads said:
1 year max is the way to go we think depending on your situation and number of sites you have etc. If just one site then definitely short term contracts.
Brokers are only pushing 2 or 3 year because it gives them a chance to lock in hefty commissions without people questioning it.
Our broker is really pushing two years with us. His reasoning being they don't see any let up in prices for the next couple of years. Brokers are only pushing 2 or 3 year because it gives them a chance to lock in hefty commissions without people questioning it.
If we go for 12 months it's a 100% price rise, 24 months is 82%!
If your Bill now is £100
Your new bill on 2yr is £182 per year
So on 1 year it's £200 for year 1, so as long as it come sin lower than £164 in Year 2 then the 1 year contract wins.
Brokers will always push longer because it locks in their commission for longer. Ask them how much commission they've added on the options presented. We can always offer alternative quotes.
EDIT: Prices for example have fallen 0.44p/kWh just this morning for the Winter 22 Contract period. I can only see prices going down from here, with maybe the odd spike. [Consumer prices will of course rocket in April when the domestic energy price cap is increased to as yet unknown level]
Edited by Mr Overheads on Wednesday 19th January 13:22
Edited by Mr Overheads on Wednesday 19th January 13:22
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