What a week!
We went to market on Monday and secured savings of an average of 34% for our Wolf Pack businesses in Wolverhampton.
More than 80% were able to take advantage of the offer immediately, with the rest deferring... hoping that the market will improve in the next twelve months before they are forced to decide.
We can't predict the way the market will move, we have no crystal ball, we cannot see which Black Swan moments will have a dramatic effect, and when.
We have analysts and experts monitoring the bullish and bearish tendencies, all we can do is advise.
Our advice is, that we are in a two-year low for prices.
The potential downside for securing these prices for the next five years is that the market may soften a bit. Maybe as much as 10 - 20%.
The red flags though... the energy shock we have had in recent years shows how easily our supply lines can be disrupted.
Europe has reacted well to switching their over-reliance on hostile states to other suppliers in the US, Canada and Africa in very quick fashion.
This does mean that there are a lot of nations competing for the remaining, friendly energy-producing states. With less efficient delivery systems.
The Red Sea, Iran, Russia, a likely Trump presidency seeing the US withdraw from NATO... the chances of energy prices halving are non-existent as far as we can see... the chances of them doubling? Tripling? Worse?
One infraction could cause a scramble, with devastating consequences for your business.
In our considered opinion, if you are able to afford the current low prices, and would like the certainty of knowing your energy costs for the next five years, join us all again at the next opportunity, dates to be announced shortly.
Follow us on X to keep posted @WolfPackEnergy
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