Different businesses have different demands. As a result, there are different types of energy tariffs to meet these varying needs. Business energy fixed tariffs and business energy variable tariffs are the two main types of energy deal:
- Fixed-rate contract – A fixed-rate tariff sets the cost per unit (kWh) that you pay for your energy for the duration of the contract.
- Variable-rate contract – Business energy variable tariffs mean that your unit rate is linked to market activity and can increase and decrease throughout the duration of your contract. It’s more difficult to calculate your bill through usage on business energy variable energy tariff rates.
Whether you’ve signed up for a fixed-rate contract or you’re on business energy variable energy tariff rates, it’s important to keep your eye on the ball. If you let your current deal end without switching or agreeing to a new one, you could find yourself on a less competitive type of contract:
- Deemed rate contract – Also known as an out-of-contract tariff, these are expensive rates arranged by suppliers for customers with no formally agreed contract.
- Rollover contract – This is a very expensive tariff that’s used when the customer hasn’t agreed to a new deal since their previous end-date.
Whatever the size of your business, you’ll know that cutting costs is vital to its success. The extra charges incurred with over-priced tariffs add up month-on-month, depriving your business of money that could be better spent elsewhere. It’s important to move to a cheaper contract as soon as possible.
To switch your business energy today call #CAMPAIGNBUSINESSSERVICENUMBER#
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