A guide to the top 5 business gas and electricity contracts on the energy market


Energy Blog 4

With so many different types of energy contracts available for businesses, trying to find the right one for your business requirements can be a complicated and time consuming task. For many busy businesses, it is difficult to find the time to search the market for the best energy contract and tariff.

However, it is important to understand the full range of different gas and electricity contracts on offer. There are many varying types of energy contracts on the market, some offering stability for budgeting while others allow businesses to take advantage of fluctuating energy market prices.

Signing up for a contract that isn’t right for your business can result in you paying too much for your energy. Ensuring your small business is on the most suitable contract will also help towards implementing energy saving and energy efficiency initiatives

There are a multitude of different tariffs and contracts available for businesses, however the electricity and gas contracts available to your business will depend upon your businesses size and your energy spend.

To make it simpler, we’ve compiled a list of the most common small business energy contracts currently on the market:

  • Fixed Price Business Gas and Electricity
    A fixed unit price rate for a fixed duration
     
  • Tracker Price Business Gas and Electricity Contracts (Variable Price Tariffs) 
    A unit price rate that changes based on wholesale market movements.
     
  • Blend and Extend Business Electricity and Gas Contracts
    A blend and extend extension of your existing contract for a longer duration that uses a unit rate based on the of an average between your current contractual rate and the current available market rate. This option helps safeguard you if the market drops while you are within your existing contact.
     
  • Quarterly or Monthly Block Purchasing Business Electricity and Gas contracts 
    Ability to fix your unit price rate at quarterly or Monthly intervals based on wholesale market movements.
     
  • Flexible Purchasing Business Electricity and Gas contracts 
    Complete energy management allowing you buy or sell any element of your energy requirement.

Once you have an idea of the type of energy contract that will suit your business, it is useful to take the time to speak with energy suppliers to ensure you are getting the best deal available. Read our previous blog on recommended questions we suggest you ask energy suppliers when comparing contracts.

With the best energy contract secured, there are many more ways to make sure your small business is as energy efficient as possible. 

Download our FREE Energy Efficiency Guide for SMEs and discover more tips on how you can easily and quickly reduce the amount your business spends on energy

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