Suppliers are shaping and presenting emergency business plans in an effort to deal with the energy crisis, an unprecedented situation with no end in sight for extremely higher electricity and natural gas before next spring, according to energy market officials.

Energy supply companies have already carried out thorough cost audits in order to limit any expenses that are deemed unnecessary during this period of crisis.

Suppliers have also made financing arrangements with banks to ensure cash flow coverage during this period of exorbitantly priced wholesale energy purchases, sources informed.

Suppliers are now also revising their pricing policies for customers, to carry the burden of the price surge.

Major local energy market players such as Heron, Protergia, and Watt + Volt have already forwarded related newsletters to their customers, informing them of the international factors behind the electricity and natural gas bill increases, while also offering alternative programs though which the impact of the higher prices can be subdued.

Protergia, for example, is offering household customers the option of fixed tariffs. Heron has uploaded, onto the company website, an update on the energy crisis along with alternatives offered to customers.

According to sources, suppliers have also finalized installment payment plans for customers unable to cope with the higher energy prices.