While the cold snap has tested infrastructure, the other dominant driver in global energy costs is shifting geopolitics.
The dramatic removal of Venezuela’s President Maduro by US forces earlier this month has sent ripples through the oil markets. Venezuela holds the world’s largest reserves and the Trump administration’s promise to re-engage US oil companies suggests a long-term shift in supply dynamics.
Interestingly, neither the record cold nor the upheaval in South America has caused a price surge in European gas or electricity. In fact, prices have softened during this period, a strong indicator of market confidence in the security of current gas reserves and the stability of continuing supplies.
Business energy costs
Our latest price samples show diverging paths for gas and electricity. While gas has fallen in recent months, electricity remains little changed. Current electricity contract rates appear above the 2025 average.
It remains to be seen if the ‘sub-4p’ gas rates and ‘low 20s’ electricity rates seen last year will return, or if we are entering a new, higher baseline for the coming weeks.
| Commodity cost | Average unit rate | Average standing charge | ||
|---|---|---|---|---|
| Electricity | 20/11/2025 | 7.7p | 24.7p | £1.77 |
| 11/12/2025 | 7p | 24.3p | £1.40 | |
| 08/01/2026 | 7.4p | 25.6p | 82p | |
| Gas | 20/11/2025 | 2.6p | 5.9p | £1.10 |
| 11/12/2025 | 2.3p | 5.2p | £2.04 | |
| 08/01/2026 | 2.3p | 5.5p | £1.86 |
Supplier challenges and scams
The challenges for the hospitality sector extend far beyond the meter. We are seeing a rise in ‘unscrupulous agents’ posing as suppliers. These agents often call multiple times to gather minor details, using that information later to pressure businesses into unfavourable contracts.
Furthermore, businesses moving into new premises are frequently being hit with costly ‘deemed’ rates. Suppliers are demanding an increasingly difficult barrage of evidence – time-stamped photos, solicitors’ letters and business rate demands –before allowing a switch to a cheaper tariff. These delays can threaten the long-term viability of a new venture.
We are noticing an uptick in disconnections for businesses in difficulty in meeting energy costs. Having a trusted partner to manage these disputes is becoming essential.
Nationwide Energy’s experienced team works directly with suppliers to bypass the bureaucracy and achieve faster, fairer outcomes. Our clients benefit from a dedicated account manager providing regular updates and expert contract support.
Contact Nationwide Energy today
Tel: 02476 328995
Email: info@nationwide-energy.co.uk
Website: https://nationwide-energy.co.uk/free-guides-to-help-your-business/
