Ensure You’re on the Cheapest Tariff
Put a system in place to regularly review your energy supplier. You want to keep track of your energy contract and keep up to date on the available tariffs in the market. Business Energy Comparison are happy to help you compare rates. This will highlight factors such as current unit prices compared to what you are paying as well as standing charges and more beneficial contract terms available elsewhere.
Reviewing energy suppliers and tariffs
Keep track of your energy usage and make a plan to analyse your usage. By understanding your business’s energy consumption patterns you can identify the most suitable tariff structures.
Switch energy suppliers and find the best deals
Make a point of negotiating with your suppliers. If you can find a better deal with another supplier, you can use it as leverage to negotiate a better rate with your current supplier.
They may be willing to match or improve their offer as a way to retain your business as a customer.
Considerations for fixed-price contracts
Fixed-price contracts allow you to obtain a more stable energy supply by locking in energy prices for a specific period. This will protect your business from price fluctuations. However, you must be aware of the global energy market trends and make a careful evaluation before locking in a fixed rate.
During periods of high price volatility, it makes sense to fix prices, but make sure that you do not lock yourself in at the height of the market.