Power prices are continuing to fall, according to Inenco’s Y report.
Dorian Lucas, Energy Analyst said: “Those customers looking to place fixed price contracts, those who can wait a little bit might benefit from doing so, however if you’re looking at the market now and seeing a year-in-year benefit might be beneficial for you to enter the market and place your business now.”
They should do that over a two to three-year period because the premium bill “into forward seasons is minimal compared to historic levels”, said Mr Lucas.
“Going forward you can generate a better deal over a longer contract period”, he added.
For customers on flexible contracts Mr Lucas said: “If you’ve got relatively high exposure you might want to take a little bit going forward. The market’s at the bottom of the level at the moment and represents great value.”
However, he suggests they should increase their risk management and take a bit of precaution as there’s a lot of risk and prices can turn quickly during the winter.
He added: “However if you’ve got quite high coverage again sit on your hands and see how far this market can go.”