Ofgem has warned that hospitality businesses could struggle due to higher energy prices. A lot of small businesses had to sign contracts while energy prices were at their peak last year, this has now left them with extortionate contracts that they cannot leave due to expensive exit fees.
A lot of people have called Ofgem to support the cancellation of exit fees for smaller businesses. This has been especially voiced in the hospitality sector, where energy prices are a lot higher due to these businesses constantly running day and night in places such as hotels and restaurants.
A lot of companies within hospitality business groups have reported that energy companies have been charging excessively high prices and imposing extortionate exit fees when business owners are trying to renegotiate terms. This is leaving many hospitality businesses on the brink of bankruptcy.
Ofgem is currently reviewing the non-domestic energy market as the hospitality sector is not the only business group suffering right now due to high prices and strict supplier terms.
How can businesses cope with high energy bills?
With many businesses struggling to keep their doors open due to the high cost of energy, it is important to look at all the possible saving opportunities there is.
Energy consultant
Having an energy consultant to help you with your next steps when it comes to your business energy bills can be helpful and could help your business make huge savings. At Resolve Energy we have a team of expert energy consultants that can help you with your business energy bills.
With a range of market expertise and insight we can offer insight on what would be best for your specific business in terms of suppliers, you should go with and the type of contract that would be best for your business.
Get in touch here to speak to a member of our team today!
Energy efficiency
Recently there have been many different issues that have affected the energy market, this means businesses need to be proactive with their energy in order not to pay more as we transition to a higher price energy market.
Introducing energy-efficient practices and technology into your business can make a huge difference when it comes to long-term energy-saving methods. With the sustainability side of our business, Resolve Net Zero, we offer a range of services that can help your business reduce energy consumption and therefore overall bills. See our services here to get started with your savings today!
If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.
