Rising energy prices are putting budgets under immense pressure, and there has never been a more pertinent time for organisations to take control of their energy. Even when the market is relatively stable, the endless supplier and product choice can make it challenging to navigate and understand the best options. But when the market is highly volatile, as it is now, significant price changes can be experienced between the daily open and close of the market – and even within the space of a few minutes.
To put it in context, the energy contracts available to organisations at the moment are substantially more expensive now than they have been at any time since the market was deregulated in 1989.
What is needed?
We work with more than 4,000 organisations and we know all too well the difficult decisions that are being made to balance the budgets and enable organisations to remain profitable. The exorbitant increases in energy prices now pose a very real threat to the successful operation of many industries.
Our data shows that due to the rise in the basic wholesale component costs, a three-year fixed deal has risen by nearly 355% for gas and 235% for electricity since July 2021. It means that businesses are facing the prospect of having to triple their budget for energy over the coming months, which means reducing their spend elsewhere, putting a significant strain on resources.
How can Zenergi help?
It’s a well-worn phrase but it really is true: The cheapest unit of energy is the one you don’t use. We believe the most effective way to reduce exposure to the rising costs is to take decisive action to reduce energy consumption.
An energy audit of your building provides a comprehensive review of the energy used across your building portfolio to gain a direct insight into areas where savings can genuinely be achieved. Energy audits involve thorough investigation into all energy devices as well as end users and can help to solve building performance issues in addition to reducing energy consumption, carbon emissions and operating costs.
Renewable generation is another way of leaving a positive legacy and reducing costs in the long term by removing your reliance on the grid. While the upfront cost of renewable energy projects has often prohibited implementation in the past, development of finance solutions for technologies such as roof-mounted solar PV is opening up the opportunity to an increasing number of organisations and should be part of a longer term strategy.
We are here to support organisations during this energy crisis. For extra help and support with managing your energy budget, contact us.
Here at Zenergi, we believe that guidance and support are needed now more than ever amid the ongoing challenges in the uk energy market.
We are here for you, which is why we have launched our new service, hosted by a dedicated collection of experienced individuals within the Zenergi team.
Every day (Monday – Friday), the team is available live between 10am-12pm to answer your energy questions and concerns.
On the Market Watch Live site you will also find daily insight into the current energy market drivers impacting prices.