When it comes to deciding your energy contract, there is no “one size fits all”.
Every business has their own needs and requirements. If you’re a local corner shop, you’re going to differ significantly to a large manufacturing firm with numerous plants.
Traditionally speaking, you are normally presented with two different options when purchasing energy: Fixed or Flexible.
Fixed Rate: The simplest, and for that reason, most common option for businesses. With a fixed rate contract, you agree all your total energy costs upfront, safeguarding you from unexpected price hikes in the energy sector. There are many variants available, such as a standard fixed rate or a pass through contract.
Flexible: Flexible procurement is a method of purchasing your energy in large or small “blocks” prior to usage. The size of these blocks varies between businesses. This approach is ideal for large businesses with a high consumption rate.
Which one is right for you?