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The cost of energy has reduced due to the current COVID-19 situation


By Peter McMullan

We are committed to supporting our members during this difficult period and we have been working closely with our suppliers to manage and mitigate potential risks to our members’ supply chains. We have also been keen to identify any potential opportunities for members and we are reporting that as a result of the Coronavirus pandemic and reduced economic activity, Crude Oil prices have collapsed leading to a 4 year energy market low point.

Now is without doubt an optimal time to renew future energy contracts and to also consider longer term contract durations.

Also if any member has overlooked April 2020 renewals under the current circumstances, UPG can assist with securing contracts as well as quoting 3 to 4 years into the future.

Should this be of interest, please get in touch with UPG on 03453 020041 / [email protected] to discuss this further.

UPG are our Utilities Supplies & Services framework supplier and for UPG and their energy suppliers it is business as usual, in terms of continued support to CPC Members.

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