It is a good time to place fixed price contracts now for those customers who need budget certainty, according to Inenco’s Y report.

That’s because the market is at “pretty much bottom of the market levels”.

Dorian Lucas, Energy Analyst said: “This time of the year can be really, really risky so people with fixed price contracts, their strategy going forward is going to be driven by their own attitude to risk. If you are prepared to maybe risk it throughout the winter when prices could spike pretty much overnight then you could end up with a cheaper price.”

Customers looking to place flexible contracts and have “relatively low hedges might want to increase your hedges a little bit just to kind of mitigate some of the risks that are there throughout the season”, according to Mr Lucas.

However those who’ve got “quite” high levels of hedges should sit on their hands and see how things turn out.

Mr Lucas added: “There are opportunities for unlocks and we’ve seen in the market push up and then fall again over the short term so again be wary and keep an eye on the market and potentially capitalise on some of these opportunities.”