And Finally...
Switch supplier and fix your business energy rates now to avoid potential post-Brexit price hikes once we leave the EU on 29 March.
Why are prices expected to increase post Brexit?
The UK relies on energy imported from Europe – increased costs may push up energy bills for businesses across UK. Switching to longer, fixed-term contracts for energy rates are recommended to avoid the worst of any possible post-Brexit energy price hikes.
TFA Affiliate Partner, Make It Cheaper, the business energy switching service, is urging TFA members to switch to a better business energy deal and lock prices in for as long as possible, as energy prices could soar when the UK leaves the EU.
With less than three months to go until the UK officially leaves leave the EU, there’s still an unsettling amount of uncertainty surrounding the terms of any potential exit deal, not to mention the implications any no-deal Brexit will have for businesses and households across the country.
But regardless of whether the UK leaves with a deal or no deal, there are mounting concerns that energy prices will increase following the March 29, 2019 deadline day.
A House of Lords committee has warned that the UK faces energy shortages and increased gas and electricity bills after Brexit, if the transition is not managed well!
And, more recently, Energy UK, the industry’s trade association, has warned that uncertainty in the energy market, particularly around plans for a future carbon-pricing mechanism and the cross-border trade of electricity and gas are concerned, is creating risk and a cost pressure that it’s likely to increase bills for business and domestic customers.
There is a simple and effective way to beat any potential Brexit price hikes though, and that’s switching to a better energy deal to fix your prices in for as long as possible.
Making the switch with Make It Cheaper is a quick and easy way to find best energy rates for your business, and lock them in for up to three years. Simply switching supplier could cut your annual energy bills by as much as £1,027*
