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The Different Ways to Procure Business Energy

еса business energy T 01246 290 490 W ecaBusinessEnergy.com buy better, use less The Different Ways to Procure Business Energy There are different ways to procure energy for your business. The two main types of tariffs on the market; fixed and flexible. Fixed Price Energy Tariff The cost of energy remains the same for the duration on this type of tariff, which usually sees the fixed price contract last between one and two years. Advantages As the cost per unit of energy stays the same for the whole, you will receive more predictable bills. This will make it easier for managing budgets as there will be less fluctuations in price, if your energy consumption stays consistent Protected from potential price hikes Disadvantages The reserve of protection from price hikes is that if energy costs come down on global markets, as your unit price is fixed, you will not benefit from this potential change Exist fees will be applied if you wish to exit a contract early Flexible Energy Tariff This type of tariff provides complete transparency over the component parts that make up your final energy bill. They allow you to separate the non-commodity costs and other third-party charges from the cost of purchasing the energy at wholesale prices. Advantages Can achieve the same outturn as a fixed price contract, whilst retaining more freedom. In a flexible contract the business consumer can sell energy back to the grid that they have purchased for a higher price and re-purchase it later, if the market price falls Can be used to spread the risk by purchasing frequently and in reduced quantities, so a price is achieved which reflects market conditions Disadvantages A riskier tariff option due to the volatility of the energy market Knowledge and time. With this type of contract, it is important to have some knowledge of the market and time to monitor what is happening, to make the best decisions for yourself ECA Business Energy offer totally independent energy procurement services and unbiased access to the full energy market. For more details about their energy procurement services please visit ecabusinessenergy.com/services/procurement-management ECA Business Energy eca business energy ECA House 1 Dronfield Court buy better, use less Civic Centre Dronfield S18 1NQ T 01246 290 490 W ecaBusinessEnergy.com

The Different Ways to Procure Business Energy

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Here we will be looking at the different ways to procure energy for your business. The two main types of tariffs on the market; fixed and flexible.

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