Keeping prices low throughout the energy crisis.
We helped keep electricty prices as low as possible during the energy crisis, securing a contract suited to the company.
An initial consultation revealed slight flaws in their current electricity contracts, mainly the need for a long-term contract plan and a bespoke contract that will fully protect the business upon any future government decisions or market changes.
In August 2020 we secured a contract for RB Forgings Limited that focused on long term protection, fixing the prices as low as possible. Further to this, we agreed to an extra one-year extension based on the wholesale gas and power forecast at the same rates agreed in 2020. In August 2021, with our advice and expertise we managed to secure the company an electricity contract, having it secured just one before the market was flooded. If they had waited any longer, there would be no choice but to renew on the extortionate wholesale costs that have flooded the market! With this new contract, there was no worry for renewal until 2026, by which time the market will have plateaued. Furthermore, with both contracts bespoke to the company, we had ensured that any changes to government charges are covered. Should the charges come down, or be removed entirely, they would see the benefits immediately and costs will come down. This was especially prevalent as the energy crisis had triggered a debate to do exactly this.
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