Business energy users are opting for more short term
contracts in response to the current price drops, and hoping that the trends
will be similar when their contracts are up for renewal in the same quarter of
2016. However, Energy Advice Line recommends that you take these cheaper prices
and lock them in to a fixed term contract of a longer length and avoid the risk
of prices going up next year.
According to Julian Morgan, managing director of the price
comparison, switching and advice service for energy consumers, longer-term
contracts continue to be a more viable option than ever for firms as protection
against price fluctuation in a volatile market.
