The new Ofgem price cap in April will ONLY protect domestic users. Unlike your household energy, if you let your business fall on out of contract rates you will be paying a significant premium. We have seen some business customers unknowingly pay between 200-500% extra then if they were on fixed term contract rates instead. Wholesale gas prices have surpassed UK records this year due to the energy crisis and the conflict in Ukraine. Suppliers can amend their out of contract rates for businesses when they wish and have been increasing their deemed rates each month to afford the elevated wholesale prices of gas and power.
