By Peter McMullan
11th Nov 2021
Last month we shared an energy market update from the Dukefield Energy CEO Nick Gauntlett that explained why the market was so high.
We are now starting to see energy prices fall marginally, however, Dukefield Energy are still advising any customers with contract renewal dates in early 2022 or later to consider waiting and not panic buy. The markets are still quite high and you do not need to sign anything as you have time on your side. Any third party intermediaries advising organisations with 2022 renewal dates to sign now in case prices rise back up are not necessarily acting in the best interest of the customer as this can’t be substantiated.
Customers with end dates in 2021 will need to consider their options, the Dukefield Energy team continue to monitor the markets daily and will work out the best plan for each customer. This maybe a short-term contract or depending on the customer portfolio, a flex/ blend and extend contract taking advantage of a dropping market.
The most important thing to do is not panic. If you have any questions at all, please contact the team at Dukefield Energy and they can talk you through all the options: Email: [email protected] or Phone: 0345 4022 461
Nick Gauntlett, Dukefield Energy CEO will also be hosting a webinar in partnership with CPC on 9th December about how to use our DfE recommended Utilities Supplies and Services framework to buy electricity and gas for school. Sign up to attend for FREE here: https://www.eventbrite.co.uk/e/dfe-schools-commercial-and-cpc-dukefield-energy-webinar-tickets-164463656223
If you want to read more about the influencing factors on the market and why they have been so high click here: https://www.dukefieldenergy.co.uk/blog-articles/the-energy-markets-why-they-are-so-high
If you have any questions or concerns, please do not hesitate to contact Contract Manager Peter McMullan at [email protected] or on 0161 974 0950.