Switching between commercial energy suppliers isn’t quite as straightforward setting up a new household energy tariff – you can’t, for instance, choose one from a range of predefined tariffs, as you would when switching home energy. Instead, you have to approach each supplier individually and request a quote. Each supplier will then assess your business, looking at things like your location and current consumption habits, and offer you a bespoke business gas quote based on this information.
On the one hand, this bespoke service means you’ll get a deal that perfectly fits the needs of your business, but because it’s unlikely that two businesses will ever have identical business gas contracts, it can be difficult to identify exactly which tariff best suits your needs.
To help give you a better understanding of how your tariff stacks up against the rest of the market, here are the most common gas tariffs offered to small and medium sized businesses:
- Fixed rate tariff - A fixed rate business gas tariff allows you to pre-agree unit rates with your supplier and pay these rates throughout the duration of the contract. These rates are usually competitive, but you should always run a business gas comparison before agreeing to any deal, to make sure you can’t get better rates elsewhere.
- Deemed rate tariff - Deemed rate tariffs work on 28-day rolling terms that come into effect if you fail to formally agree a new contract with your supplier before your current deal ends. Deemed rate contracts charge inflated rates, but you can switch from these more costly tariffs by giving just 28-days’ notice.
- Rolling Contract - A rolling contract ties you into a new, year-long contract on inflated rates. You can sometimes negotiate a new contract on blend and extend terms, which allows you to agree new lower rates by signing up to a new long term contract, but these new rates will still not be as competitive as others you could find elsewhere on the market. Rolling contracts aren’t as common as they used to be, as most suppliers now offer deemed rates instead, which is a much fairer price plan.
If you're currently on deemed rates, or a rollover contract, then you’re most likely paying well above average for the gas your business is using, and you should look to switch as soon as possible.
But don’t take valuable time out of your day to ring around suppliers, let us find a cheaper business gas quote and switch you to a better deal - call us today on #CAMPAIGNBUSINESSSERVICENUMBER# to speak with one of our team.
To switch your business energy today call #CAMPAIGNBUSINESSSERVICENUMBER#
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