Although you might perceive a one-year contract as possessing less-risk, bear in mind that future energy prices are volatile and likely to fluctuate over time. For example, we need only look at the current climate, including the impending impact of Brexit, recent rises in inflation, and the War in Ukraine to realise how unstable the market is. In such an environment, signing a longer-term contract now (on today’s rates) could shield you from future price increases.