We are now into the 7th month of the year, and with that comes a more stable outlook. Read on to find out the latest energy market news, and what this means for you:
The energy market has returned to a more stable position following a marked price spike around a month ago, caused by large production outages in the Norweigen gas fields. Current typical rates a pub may be offered are about 30ppkW for electricity and 8p for gas, although the best rates can be 25p and 5p respectively. These lower rates are often associated with much larger standing charges, which are something of a counter-balance. Many suppliers remain reluctant to take on pubs or may impose additional costs, such as a premium.
As we move closer to winter, it’s likely that the market will react more readily to any perceived threat to gas supplies, which will be used to product around 50% of electricity. Consequently, prices may start to tick up in the coming weeks and months.
A one or two year contract I would suggest is the best option as prices are unlikely to drop much in the next 18-24 months. Longer contracts are best avoided.
If you are looking for support & guidance on which steps your business should take, get in touch with our team:
Call: 024 7632 8995
Customer WIN: MK City FC Sports & Social Club
We were delighted to assist MK City FC Sports & Social Club take an early lead by supplying them with till systems and dedicated business broadband.
With their football presentation imminent, the club got in touch with an urgent request to improve the performance of their clubhouse systems.
Karen, (Treasurer) commented:
“With so many systems available it’s difficult to know where to start. Callum from Nationwide Energy asked us what we needed from our tills and broadband. They offered us systems that are cost-effective and better for us than what we found elsewhere. They went out of their way to get the till systems up and running within 24 hours of ordering. We’re really pleased with the service.”
Thank you Karen! If your till systems &/or business broadband is holding you back, get in touch with our team of experts who can advise and assist.
“I have used Nationwide for many years now. I had always dealt with my pubs utilities as a multiple operator, but it got to a point where I needed someone to take over.
I have never looked back since signing with Nationwide. Kay is very helpful and knowledgeable. Nicole goes over and above what I would expect someone to do. She is always prompt with my demands and is very professional.
The issues we face are with the suppliers and not Nationwide. I feel that Nationwide do have your best interests in mind.”
– Darren Preachy
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