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MORE DETAILS AVAILABLE AT THIS LINK.

Since the recession started, bars, restaurants and hotels were seen as high risk businesses to energy suppliers and many have found suppliers requesting financial deposits from them to be accepted as a customer or at contract negation stage.

There has been a softening of this approach in the last couple of years and many in the hospitality sector have been able to change supplier or agree better terms with their existing supplier without deposits needing to be paid.

P2B feel the time is right to now bring a large group of businesses in the hospitality sector to negotiate better rates than they are currently paying, as suppliers should now see this sector as secure and attractive customers.

The group is growing steadily and P2B would expect these contract offers to be available for acceptance for contracts starting in the 1st May 2017. The buying power of many will help get better rates and an update of the annual savings the group will receive as a whole will be updated shortly.

Ireland as an all island market has seen significant differences in the North and South over this past 9 months.

Northern Ireland has seen significant wholesale price increases due to the rise in the price of natural gas as Asian demand grew due to a colder than usual winter and the lack of LNG cargoes docking in the UK because of this.

This coupled with the fall in the value of Sterling post Brexit has seen an increase of between 15-20%. Whilst UK gas prices affect the ROI market also, the fall in the value of the sterling post brexit has helped to cancel out these rises and prices have remained fairly stable in ROI.

On a positive front for energy users LNG cargoes have started docking in the UK again as Asian demand has decreased bringing supply here up, which in turn has started to bring the price of Natural Gas in a downward trend again.

NIE and ESB Networks are the only organisations who can repair or carry out meter alterations and installations.

Whilst there is competition in the supply of electricity, it doesn’t exist in the network infrastructure and any alterations must be carried out by them and within their regulations and policies.

It’s important if needing any network activities carried out that you or your representative deal with them at the earliest possible time to ensure delays aren’t incurred, particularly with new meter installations if there are deadlines for opening.

>> ESB Networks

>> NIE Networks