One size does not fit all when buying energy

What type of energy contract should your business be on?

It all depends on the type of business, how much energy you consume, and your appetite for risk.

We appreciate that no one feels they are getting a fair energy deal right now, but if you fully understand the options on the table, you can certainly go some way to help ease the pain.

There are two purchasing options at either end of the spectrum - fixed and flex.

Fixed term contract

A fixed term contract offers a fixed per unit (kWh) price for the duration of the contract, the length of which you decide.

A fixed contract is suited to a business which prioritises budget certainty and doesn’t wish to enter into the realms of potentially time-consuming and complicated energy management.

Flexible contract

A flexible contract enables you to control how and when you buy your energy – great if you know what you’re doing, not so great if you don’t.

Businesses using this approach have the flexibility to carve up their energy purchases into small chunks throughout the life of the contract and take advantage of market dips.

However, we would strongly recommend working with an energy management expert if you should decide on this route.

A consultant can create you a bespoke buying strategy and advise on optimum buying times to suit your energy portfolio.

Everything in between

There are several buying options which sit inside the fix-flex spectrum which you may wish to consider if you’re not satisfied that either of these two are exactly the right fit for you and your business.

Let’s have a chat.