How Has The Coronavirus Pandemic Affected Business Energy In 2021

Here we are going to look at the post-Covid fall out for businesses and the impact on their future energy usage as well as the resultant effects on business energy costs too.

During the initial lockdown during 2020, market prices dropped sharply because of reduced demand, due to businesses shutting down or were forced to work at significantly reduced capacities due to Government restrictions.

As an established business gas and electricity broker, we at Central Power advised many of our clients to book new contracts during this trough in market prices. Our clients are now significantly better off than waiting until the last minute to renew their energy contracts because of the continual increase in market prices since the beginning of 2021.

There have been many aspects of business life that has been impacted as a result of the Coronavirus pandemic, both for employees and business owners alike. Working from home (WFH) has brought a sea change in how businesses are now being run with a plethora of technology being employed to make the transition from an office environment to a WFH environment in many cases. The demand for home computing technology led to a shortage of electronic equipment and that still hasn’t been fully stabilised even now.

These operational changes have seen business electricity and business gas usage patterns start to move away from their traditional historical configuration for some businesses. This is also leading to businesses looking at different forms of energy supply, especially with the challenges of carbon net zero target set by the government and therefore rethinking their energy strategies.

If your business energy contract is coming up for renewal then it may be time to call us to assist you in helping you understand what type of contract and tariffs would be right for your business. As electricity brokers, we are in a prime position to search the entire energy market to ensure that you are getting the best deal for your money.               

A few energy suppliers have tolerance limits built into their contracts and some are now invoking these clauses to recover losses they have incurred between the energy they bought, and the energy consumed by their customers. Using a business electricity broker, such as Central Power, would have been an invaluable asset in such unprecedented times. It is imperative that businesses check their bills diligently or employ electricity bill brokers to ensure that they are not being overcharged.

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