We’ve already covered Orsted’s commitment to creating a world that runs entirely on green energy. In order to achieve this goal, the energy provider delivers a variety of electricity solutions. These include flexible and fixed-rate energy contracts.
Here are some of the renewable energy solutions that Orsted offers to business customers:
Variable-rate business contracts
Orsted offers variable-rate contracts to businesses. These are more flexible than the fixed-rate contracts it offers, which we’ll cover afterwards.
A variable-rate contract means you can benefit from any energy market fluctuations. It also means you could be worse off than with a fixed-rate contract. There is more risk involved in a variable-rate contract due to increases and dips in the wholesale energy market. If you’re a risk taker and trust your instinct, this could be the energy solution for your business.
The beauty of a variable-rate contract is that you’re afforded flexibility, so you’re able to switch your energy tariffs at any time you choose. These contracts mean you’ll have to do more research into the market, but the rewards can be great.
If you’re a bit of a bargain hunter always looking for the best deal, a variable-rate solution could be the option for you.
Fixed-rate business contracts
Like variable-rate energy contracts, your fixed-rate contract option features energy mainly powered by either an onshore or offshore wind farm. Orsted’s fixed-price business gas prices compare and business electricity prices provide gas and electricity to customers from a host gas pr of renewable energy sources.
These include the above-mentioned offshore and onshore wind farms and various other bioenergy plants. Your fixed-rate contract will be offered for a fixed-term period, most commonly three years. Fixed-rate business solutions are Orsted’s most popular tariffs due to the lack of risk and easier budgeting.
Your business will gain preset control over its energy costs on signing the contract. You will be equipped to budget better for the entirety of the deal. Fixed-rate deals will likely work out to be the most cost-effective options in the long term and are the least risky.
What are the benefits? Well, your set energy price won’t change for the entire contract term, and they’re much simpler for the business owner. You won’t have to spend much time watching the market and can leave your energy to the professionals without any concerns that you’ll lose money.
Deemed business rates
You’ll pay deemed rates for your business if you’re without an existing energy contract. If your energy contract has expired and you haven’t changed your provider or renewed with your existing one, you’ll pay these rates. If you have Orsted as your energy supplier, your business profile class and distribution region will define what deemed rates you pay.
Be aware that deemed rates are often much higher than contracted rates, and you’ll have to pay both an electricity unit fee and a daily standing charge. It’s advisable to take out a contract with a new provider or renew your contract with your existing one to save money.
To request a variable or fixed-rate business quote contact Orsted’s customer service team on 0800 0568 101. They’ll be able to answer any questions you have.