17 Oct Lock In Long-Term Energy Contracts Now
The past few years have been tough for UK businesses trying to manage energy costs. Prices surged, suppliers went under, and many companies found themselves locked into expensive deals just to keep the lights on.
But there’s finally some good news: the energy market has started to settle, with prices steadily falling since the highs of 2022 and 2023. That shift means now could be the ideal time to secure a long-term energy contract and bring some welcome stability to your business bills.
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The Market Is Easing at Last
After several years of volatility caused by global supply issues and geopolitical tension, wholesale energy prices have dropped to their lowest levels in over two years.
This decline is feeding through to commercial energy rates. Suppliers are once again competing for business and offering longer-term fixed deals at much more attractive prices than we’ve seen in recent memory.
In short: the market is calm, prices are softening, and there’s a real opportunity to lock in some security before the next period of uncertainty.
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Why It Makes Sense to Act Now
For most organisations, energy is one of the biggest overheads — and it’s notoriously unpredictable. Locking in a contract while rates are lower can deliver several key benefits:
1. Price Certainty and Budget Control
Unpredictable bills can throw off your cash flow and planning. A fixed-rate deal gives you stability, letting you forecast with confidence and avoid nasty surprises.
2. Protection from Future Price Spikes
Even though prices are falling today, global energy markets remain sensitive to events like conflict, supply disruptions, or extreme weather. Securing a long-term contract now provides a hedge against future volatility.
3. Stronger Negotiating Power
Suppliers are keen to win back customers after a difficult few years, so they’re offering competitive rates and flexible terms. Acting now puts you in a strong position to negotiate the best possible deal.
4. Better Long-Term Planning
When your energy costs are predictable, you can plan ahead with confidence — whether that’s hiring staff, investing in new equipment, or simply managing your cash flow more effectively.
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What to Keep in Mind
Before you commit to a new contract, take a moment to review the details carefully:
Compare multiple offers — Don’t just renew automatically; shop around and see what’s available.
Understand your usage patterns — Knowing when and how your business consumes energy helps identify the best tariff.
Check flexibility — Some suppliers now offer “blend and extend” options, allowing adjustments if prices shift significantly.
Watch for hidden terms — Pay attention to exit fees, renewals, and additional charges that could add up later.
An independent energy consultant can also help you assess whether a long-term fix is the right fit for your usage and risk appetite.
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A Short Window of Opportunity
Energy markets move quickly. The current dip in prices could be temporary — especially with winter approaching and supply pressures always a possibility.
Locking in now could protect your business from the next round of price increases and deliver real savings over the next few years.
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Final Thoughts
The worst of the energy crisis may be behind us, but the smartest businesses are using this calmer period to secure stability for the future.
If your contract is due for renewal soon — or you’re still tied to a deal agreed during the peak of the market — now is the time to review your options. Fixing your rates at today’s lower prices could bring peace of mind, predictable costs, and a competitive edge that lasts well into the future.
Talk to our team about reviewing your contract and find out how much your business could save today.
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