Variable-rate tariffs offer flexibility
Variable-rate business electricity tariffs offer customers the opportunity to select an electricity plan that best suits their needs. These plans can save consumers hundreds of dollars annually when compared to fixed-rate plans, but consumers must be aware of fluctuations in the market and use their energy wisely to get the best deal. Depending on the circumstances, consumers may want to choose a fixed-rate plan instead, as this allows them to have more predictability and security.
While fixed-rate contracts tend to be cheaper in the short-term, they are not very flexible. The price of energy fluctuates based on market conditions, making it hard for businesses to plan their budgets. This makes variable-rate deals a better option for businesses that want to keep up with the industry’s fluctuations. Another benefit of variable-rate plans is that exit fees are not typically a problem, meaning that switching suppliers is easy and flexible.
Variable-rate business electricity tariffs offer businesses flexibility, but they must be negotiated carefully. The price of wholesale energy is unpredictable, and switching suppliers can be difficult. An energy broker can assist customers in negotiating a better deal and avoiding the potential for costly deemed rates.
Contract rates are cheaper than ‘out of contract’ prices
When buying electricity for your business, you need to be aware of ‘in-contract’ and ‘out-of-contract’ prices. In-contract rates are more affordable than ‘out-of-contract’ rates. However, out-of-contract rates can be as much as double or even four times the average market rate.
When shopping for business electricity, always opt for the most suitable contract. This will help you avoid paying exorbitant rates if you forget to renew your contract. For example, if you move offices, you need to renew your contract with your current supplier. In such a situation, you can take advantage of ‘auto-renewal’ contracts offered by some suppliers.
A business electricity contract is transferable. It can also be transferred to a new owner when you sell your business. If you want to transfer the contract to the new owner, you can include it in your purchase and sale agreement.
A standing charge for business electricity is linked to the cost of maintaining the infrastructure and supply of energy to a business. The cost may vary depending on the size of the business and the amount of energy it consumes. Some businesses may also be liable to pay additional government charges for carbon emissions. Depending on your business needs, a standing charge may be the best option for you.
Standing charges vary significantly depending on the circumstances of your business. These charges add a small amount to your monthly energy bill each day. The amount will vary depending on the energy provider, the type of energy you use, and the tariff you choose. In some cases, a standing charge can be zero. You should always ask your supplier about this charge to make sure you’re making the right choice for your business.
A standing charge is always included in business electricity tariffs, but the same is not true for business gas tariffs. When comparing business electricity tariffs, you should always take into account the unit rate. This is the cost incurred by your business by using a particular supplier’s energy. However, this amount can make a huge difference in the total amount you pay. To get a more accurate estimate, approach individual energy suppliers. These suppliers can provide a detailed breakdown of the costs associated with their service.
Opus Energy is a great choice for businesses looking to lower their energy costs. Their flexible contracts are tailored to the needs of business and include free advice on energy efficiency and sustainability. They also offer a 24/7 online account service and smart meters. Smart meters automatically send meter readings to the supplier, saving businesses a significant amount of time. The company estimates that businesses could save as much as 12% on their annual bills.
Opus Energy’s business electricity charges are competitive and come with a dedicated account manager. They can offer fixed price options for up to twelve or 36 months. These options ensure that you stay on budget, with flexible options to suit any type of business. The fixed price option is particularly attractive for businesses that do not like the idea of their prices increasing every year. It is also guaranteed, which means it will not fluctuate, making it ideal for businesses that want to lock in a low price without having to rely on market rates.
The company recently revealed that it had a turnover of PS573 million in its financial year ending 31 March 2016. Over 50% of their revenue comes from SMEs. As a result, the company had a healthy margin of 20%, and gross profit was PS107 million. The company’s CFO, Will Gardiner, has been acting as the company’s CFO for two years. He is an experienced businessman who has worked with several major companies. He also has a MA from Johns Hopkins University and a BA in Russian and Soviet Studies from Harvard University.