Recent UK energy supply disruptions have coincided with the coldest temperatures of the winter and prompted a substantial spike in gas prices.

The combination of cold temperatures, increasing heat demand, and unplanned supply outages have placed the UK energy system under severe stress in recent weeks. Gas prices in particular have taken a hit and are forecast to rise a further 1.9% between now and February 2018.

This comes after 6 months of significant energy price increases – since July 2017 gas prices have increased by 61% and electricity by 49%, so it’s important you take action now to avoid any future rises.

The North Sea Forties pipeline has been shut down for the next few weeks due to maintenance work. This will cut available oil and gas production in the UK, triggering another price spike given that we’ll be even more dependent on foreign imports.

System breakdowns are more common during harsh weather conditions, but recent events have raised concerns over the viability of the UK gas infrastructure.

So, what does this mean for your business?

Firstly, don’t panic. We can help. Our dedicated team is on hand to answer any questions. They’ll advise you on safeguarding against any future rises in price or issues related to cold snaps and increased demand.

Contact us as soon as possible and we’ll look to switch you to the right energy tariff for your business.

To find out more about how Utilitywise could help your business, click here.