a typical customer
Fixed rate busines energy tariff means that you are agreeing to pay a fixed unit price on the kWh and standing charges. You can agree a fixed rate contract up to 5 years depending on the busines energy provider.
Variable rate for business electricity means that you pay less if market prices drop and pay more if prices go up. Variable electricity rate contracts can be cancelled by providing 30 days notice.
Green electricity tariffs means that you are using renewable energy. Green deal energy prices are usually more expensive when compare to fixed and variable rates.
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Business electricity supplier will look at your business size to understand how much electricity you are going to use. They may also look at when you actually use most of the electricity, at what times and what times of the year you are likely to use more electricity.
Good business credit score will help you get much better business electricity rates. If your company’s credit history is bas then you are most like to be offered with expansive electricity rates.
Business energy supplier offer better saving with longer term business electricity contract, you can get business electricity contract from 1 to 5 years. If you do sign up a long term fixed rate business contract and electricity prices go up, you will probably save some money for your company.
Commercial electricity prices usually follow trends of global wholesale electricity market. Weather changes, higher electricity demand can drive up whole sales prices. Business electricity suppliers may pass on any price rises to your business.