Forward-purchase of business gas and electricity advised for crop-growers - 06/03/2009
Forward-purchase of energy has been advised for crop-growers in order to pursue cheap energy rates in the future, reports Horticulture Week.
The suggestion has been issued by Commercial Utility Brokers in response to rising prices and the forecast effects of multiple nuclear power stations being shut down in the coming years as redevelopment is initiated.
Gas imports could increase in the years to come as nuclear redevelopment continues, while the elevated costs of going green could put additional financial pressure on growers.
Royden Fairfax, founder of Commercial Utility Brokers, told the website: "They (growers) need to forward-purchase their gas and sign up to a flexible contract where you can buy gas by the month, quarter or half-year."
He added that the firm is concerned about the lack of preparation among UK growers and is worried that many businesses could be caught out.
French-owned energy supplier EDF is to initiate nuclear redevelopment in the UK but the new reactors will not be ready for nearly ten years.
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