If you are renewing a contract soon, or sitting in a fixed deal that still has pass-through costs, the real question is simple: what is your business exposed to now?
A ceasefire or an agreement to end the conflict can help calm short-term market nerves, but it cannot repair damaged gas infrastructure.
In March 2026, two LNG production trains at Qatar’s Ras Laffan site were damaged. LNG means liquefied natural gas. It is gas chilled so it can be shipped by sea, then turned back into gas when it reaches its destination.
The damage matters because Qatar is a major LNG supplier to Europe and Asia. Reuters reported that 17% of Qatar’s LNG export capacity had been knocked offline, with 12.8 million tonnes per year affected for three to five years.
That is why prices may not fall back quickly, even if political tension eases. The IEA has also said damage to LNG infrastructure in Qatar could delay expected LNG supply growth by at least two years and keep gas markets tight through 2026 and 2027.
Your next renewal may be priced against forward contracts rather than the price you see in the news that day.
Public market data in late April showed the UK Winter 2026 gas contract at 112.55p/therm. That does not mean every business will see the same renewal price. Your site profile, usage pattern, contract type and timing still matter. It does show why waiting for a quick return to earlier price levels may carry risk.
Wholesale energy is only one part of the bill.
Since 1 April 2026, the 2026/27 TNUoS tariffs have been in effect. TNUoS is the charge linked to using the electricity transmission network. It is not a new charge, but the latest figures now apply.
NESO says the total TNUoS revenue to be collected for 2026/27 is £7.61bn. Of that, £6.38bn is forecast to come from demand users.
For businesses, the effect depends on site type, meter setup, contract terms and how non-commodity costs are treated. Some contracts pass these costs through, so a fixed contract may still have parts that move during the term.
That can be frustrating. You may have agreed a contract expecting more certainty, then find parts of the bill still shift because they sit outside the fixed wholesale rate.
This is the point where market news becomes a bill issue.
If wholesale prices stay firm, your renewal options may look different from what you expected. If network charges pass through your contract, your costs may move even if your unit rate feels fixed.
A contract review helps you separate what is protected from what can still change. That matters because not every line on an energy bill works in the same way.
The review should show:
That gives you a clearer view of your current exposure, a practical action list and fewer surprises when budgets are already under pressure.
Talk to Troo about a contract review that shows what is protected, what can still move and where your exposure may sit.
You will get a practical view of the risk, so you can make decisions with more confidence.