"Tony has two years left," Peace told the Birmingham Mail.
"The reaction of the fans and the way they were last week, was fantastic.
"Everyone clearly likes the football we're playing. We are work in progress and Tony is very much part of that.
"Tony is at the helm and we'll give it a go again. One thing is certain, next season we need people who can score us goals
"We have to take one step back but hopefully we take that one step back from a stronger position."