British Gas Business Warns Prices Will Rise So Fix Today
British Gas Business is warning that prices are likely to begin rising and advise business gas and business electricity customers to sign fixed price contracts as soon as possible.
British Gas Business (BGB) has warned that events in the Middle and Far East are making energy prices extremely volatile. In the Middle East the oil rich countries of Libya and Bahrain are still suffering the effects of unrest while in the Far East Japan is struggling to cope with the after effects of the huge earthquake which struck on Friday. They therefore advise business gas and electricity customers to sign up to fixed price contracts as soon as possible.
BGB warns that prices will only be valid for the day on which they are quoted because prices are changing so quickly. BGB says that current prices may be reviewed at short notice and new prices which will undoubtedly be higher, will be issued.
The events in the Middle East and Far East are having a serious impact on wholesale energy prices so if your business electricity or business gas contracts are due for renewal don’t put off doing something about it until tomorrow. In order to ensure you get the best business electricity prices or business gas prices do something about it today.
With its nuclear power plants out of action supplies of liquefied natural gas (LNG) are set to be sent to Japan. The chief executive of Shell, Peter Vosner, said the company has already sent an emergency supply of LNG to the country and warned that the Japanese crisis will push European gas prices higher.
Only yesterday British wholesale gas prices rose for winter 2011/12 delivery as a result of the Japanese crisis. A major LNG supplier to the UK, Qatar has already said it will send more supplies to Japan.
Britain relies heavily on LNG imports and a British trader said he didn’t expect prices to fall while there is a nuclear crisis in Japan.
So to get the best business gas prices and best electricity deals sort out your energy contracts today – the prices may have gone up by tomorrow.