As you may be aware, wholesale gas and electricity prices have reached unprecedented highs due to a combination of circumstances. European gas markets have been competing with continued high demand from Asian customers this winter, creating a perfect storm of conditions that saw market prices soar, even before the recent conflict in Ukraine began.
Unfortunately, we’ve had no choice but to pass some of these increased costs on to our customers. However, we’ll continue to keep a close eye on energy markets and are committed to reducing prices as soon as wholesale energy markets allow us.
As a result we will be amending our out of contract prices (VBR and deemed tariffs) from April 2022 for monthly billed supplies and from May 2022 for quarterly billed supplies.
Customers on VBR and deemed rates are advised to get a quote for a fixed term energy contract.