Following the government announcement that the Energy Bill Relief Scheme is to end and the detail shared regarding the launch of the Energy Bill Discount Scheme please find here information outlining the changes to the scheme along with information demonstrating the state and conditions within the UK energy market.
Commercial wholesale gas and electricity markets are currently trading at the lowest they have been since before the pandemic and as a consequence retail rates for energy have dropped by circa 30% in the last 6 weeks. The energy markets remain volatile however are now trading at below the current relief scheme cap. The energy team at PSP have experienced an increase in demand for energy contracts and support as more suppliers are returning to the market with products that are enabling significant savings against historically high rates.
If you would like to get in touch with PSP before the end of their contract with us in March – please let us know at email@example.com