Energy: Hospitality Industry

The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently.

The creation of Great British Energy will help us to harness clean energy with less reliance on volatile international energy markets and help in our commitment to make Britain a clean energy superpower by 2030.

In the short-term, the Government wants to provide businesses with better protection from being locked into unfair and expensive energy contracts, and more redress when they have a complaint. Last year, the Government launched a consultation on introducing regulation of Third-Party Intermediaries (TPIs), such as energy brokers. This is aimed at enhancing consumer protections, particularly for non-domestic consumers. The consultation has now closed, and a Government response will follow in due course once all feedback has been reviewed.

For non-domestic consumers who agreed to contracts at very expensive rates at the peak of price spikes, I recommend that they contact their supplier to enquire about ‘blend and extend’ contracts. These contracts blend the original, higher, unit rate with a new lower rate, spreading the cost over the course of an extended contract lifetime.