If you have multiple sites for your business, or if your energy usage is so high that you need more than one meter, you might need to get multiple energy contracts. This can present its own problems for you and your business but Business Energy Comparison are here to help.
Our Guide To Multi-Site Energy Meters
Different types of multi-site energy contracts
There are different types of energy contracts that you can get for your energy needs. The right contract will depend on your specific business energy needs.
A fixed contract comes with a fixed rate for your contract’s duration. Your business energy supplier charges you a set rate for every kWh you use. This type of contract protects you from any increase in business energy prices. It also means that you won’t benefit from any drops in market prices.
This tariff doesn’t mean that you’re guaranteed to have lower bills. That will still be dependent on your usage each month.
With a variable rate contract, the rate you pay will fluctuate according to fluctuations in market prices. This means that your bills could increase, even if you’re still using the same amount of energy as the month before.
Blend and extend
Depending on your energy supplier, you could be offered a contract that gives you the option to extend your contract. In return, the supplier will reward you with lower energy rates.
With this type of contract, you’re given the option of buying power or energy for months or years ahead at wholesale rates. This opportunity is usually offered when rates are low.
With this energy deal, your energy bills are split between fixed wholesale energy costs and other elements that comprise unit rates.
This is one of a supplier’s most expensive contract rates, as it’s technically out-of-contract. You’ll have deemed rates if you move into a new location without agreeing to a contract.
Maintaining multiple meters across multiple business locations can be a drain on both your time and your finances. Consider multi-site meters to make your life easier and help you find the best energy rates for your business.
Frequently Asked Questions
You can get multi-site meters for gas and electricity. You can use switching over as an opportunity to combine your gas and electricity meters. Whether or not you can get the two under one meter will depend on your business energy usage.
Most energy suppliers will offer the option of multi-site meters. You have to enquire with your energy supplier to find out if they do and what rates they have.
Your business doesn’t need to be large for you to get multi-site energy meters. You just need to have more than one site that uses business energy.
However, if you have a large business, we can help you find the best energy deals to help you significantly reduce business costs.
Which contract works best for you is dependent on a few factors, such as the size of your business and how much energy you use.
Business Energy Comparison
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