Electricity Contract Renewals

By: Energy Solutions  19/09/2013
Keywords: electricity, contract, renewals

How much do prices differ for businesses? The prices that suppliers charge for business electricity, commercial gas and other utilities can vary massively. It's not unusual for one business to be paying two or three times as much for their gas and electricity as thier neighbour or a site nearby, owned by the same client. Over the recent years, we have seen rates for electricity ranging from over 30 pence per kilowatt hour to less than 6p per unit. What rates are available to my business? Many energy suppliers require your business to achieve a minimum credit rating - so the better score you have, the more options will be available to you. New businesses or those with poor credit can be limted to only 2 or 3 possible suppliers. Other variables which can determine the cost of business electricity for each business for include: postcode, business type (sole trader, Ltd etc), sector (retail, manufacturing etc), annual consumption - including seasonal and time of day variations meter profile (the first two digits in a meter reference number range from 00-08 which is a classification related to consumption - most small businesses are 03/04 profile) and payment terms. Direct debit is the best and frequently only option if you wish to achieve the best possible price.

Keywords: electricity, contract, renewals

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