But the main thing you should be looking for when searching for a new contract, is which supplier will offer the cheapest energy, preferably on the longest tariff. How easy is it to switch business electricity contracts? It’s so easy. Here at Business Electric, we do the hard work for ...
Longer contracts with business electricity suppliers tend to offer better savings. If you decide to get a fixed rate plan for a couple of years and you anticipate that electricity prices will rise, you will probably save your company some money. However, it's important to put your business's...
These contracts tend to be more expensive as the supplier cannot offer bundling deals. Duel Fuel Contracts are energy contracts with suppliers who provide both electricity and gas for your business. This allows for a cheaper bundle rates, but would mean that you become more tied in with the ...
The cost of electricity is rising sharply. Has your business got the right plan, best rates and understand all your energy cost inputs?
Your contract length.Electricity companies may offer cheaper rates if you commit to a longer contract term. However, longer contracts could also have early termination fees (ETFs) if you cancel your electricity service before the contract ends. Read the EFL thoroughly before signing up for a plan...
It’s also worth noting that, while businesses seem to benefit from preferential unit rates, there are actually numerous extra charges attached. This means that business energy is usually more costly than domestic energy. How do business energy contracts work? Business energy contracts are more com...
It’s also worth noting that, while businesses seem to benefit from preferential unit rates, there are actually numerous extra charges attached. This means that business energy is usually more costly than domestic energy. How do business energy contracts work? Business energy contracts are more com...
Business electricity prices The price of electricity is made up of two elements. The first is called theunit rate(day units and night units), which is what is paid for each unit of electricity (kWh) used. The second part is thestanding charge. ...
Rollover contracts– these will automatically rollover your current contract, meaning you’re locked in for what is, typically, another year. Electricity prices are considerably higher on these renewal plans. This may seem unfair, but it is legal and does not break any rules. This is unless you...
For example, a monthly contract gives you flexibility and the freedom to switch providers easily. This is useful if your energy needs might change or if you like to switch providers frequently. However, monthly contracts often have rates that can change and might not be as stable as long-...