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OLD The Business Show 2023 Seminar Program

The Business Show


How Not To Be Fooled When Buying A Business Energy Contract

22 Nov 2023
Theatre 7

In October 2021, energy companies started to drop like flies. Twenty went bust in just a matter of weeks. There had been cases of companies going bust before but never on this scale. This came just a month after a fire destroyed an electricity interconnector that carried power between England and France and post-lockdown demand was outstripping supply. Wholesale prices were spiking. Commercial and domestic customers were left not knowing who would supply them. The energy crisis had started and then Russia invaded Ukraine.


In the summer of 2022, wholesale energy prices went ballistic with businesses signing up to contracts four or five times more expensive than they were used to. Prices finally started to fall at the back end of 2022 and by mid-2023 they had stabilised around double their pre-energy crisis rates. During the worst of the crisis, the Government provided help for domestic and non-domestic customers with rebates and price caps, but this didn’t last.


In April this year, the Government’s support for most business customers was cut back to almost nil. With no price cap, what’s important now is not to be exploited by unscrupulous salespeople who are more interested in their commission than what’s right for your business.


This seminar will tell you some of the tricks to look out for used by cold callers, brokers and even some of the suppliers themselves to convince you to take ‘the best deal in the market’.


The result – next time you need to arrange or renew your commercial energy contract, you’ll be more confident you’re making the right decision.


In case you haven’t heard of Utilitrack, we’ve been around since 2009 and are a UK wide network of business energy brokers providing clarity and choice in a confusing and expensive energy market. We also happen to be a franchise (and yes, we are looking for new franchisees) as we believe that our owner operated franchises will go the extra mile to look after our clients.