Although switching commercial energy suppliers may not be as straightforward as setting up a new household energy tariff, it is still possible to find competitive rates by approaching suppliers individually. By researching and ing each supplier directly and comparing rates, you can get an accurate idea of the available business gas rates and make an informed decision about which one is right for your company. Knowing that the cheapest option is not always the best is essential. You’ll also need to consider customer service and billing options when making your decision. With so many suppliers now offering green tariffs, it’s also worth considering your environmental impact. Ultimately, switching gas suppliers is a great way to save money and ensure you get the best possible service.
Fixed-Rate Tariff
A fixed-rate gas tariff is appealing for many businesses as it provides price certainty for a set period. By pre-agreeing unit rates with your supplier, you can budget effectively and avoid any unexpected increases in gas costs. This type of tariff also offers flexibility, allowing you to choose a contract length that suits your needs. In addition, fixed-rate tariffs are often available at a discount to the standard variable rate, making them an even more attractive proposition. As a result, a fixed rate business gas tariff can be a great way to manage your company’s gas costs.
Deemed Rate Tariffs
Deemed rate business gas tariffs are based on 28-day rolling that come into effect if you fail to formally agree on a new contract with your supplier before your current deal ends. If you do not have a new contract in place, you will automatically switch to the deemed rate tariff, which is typically much higher than the standard rate. As a result, it is important to be aware of the expiration date of your current gas contract and to make sure that you sign a new contract before the old one expires. By understanding how deemed rate tariffs work, you can avoid automatically switching to a more expensive tariff and save money on your gas bill. If you are unsure about the of your gas contract or how to sign a new one, you should your gas supplier for more information.
Rolling Contract Tariff
A rolling contract business gas tariff ties you into a new, year-long contract on inflated rates. If in case you want to leave your current supplier, you will have to pay a penalty fee. In addition, the new supplier may require you to sign a contract with a minimum usage clause. This could lead to higher bills if your business’s gas consumption falls below the minimum amount specified in the contract. Therefore, carefully consider whether a rolling contract business gas tariff is the right option for your company.
What Costs Make Up Your Business Gas Bill?
You are probably always finding ways to reduce costs as a business owner. When it comes to your gas bill, there are two main costs that you need to be aware of: the unit cost and the standing charge.
Unit Cost: The unit cost is the price you pay per unit of gas you use. This will vary depending on the supplier you use and the current market price of gas.
The Standing Charge: It is a fixed fee you need to pay regardless of how much gas you use. This is usually a daily or monthly fee to cover the costs of supplying gas to your business premises.
Knowing how these two costs make up your gas bill can help you to understand how to reduce your overall gas expenditure. For example, if your business is gas-intensive, you may want to look for a supplier with a lower unit cost. Alternatively, if your business doesn’t use much gas, you may be able to save money by switching to a supplier with a lower standing charge. Understanding the costs that make up your gas bill allows you to control your expenditure and ensure you get the ideal deal for your business.
You Do Not Need To Install a New Gas Meter for Switching Supplier
If you’re a customer of a utility bidder, you may be wondering if you need to have a new gas meter installed at your home or business. While it’s unlikely that you’ll need to worry about this unless there’s a problem with your existing meter or you are moving to a property that doesn’t currently have a gas meter connection, it’s always best to check with your gas company to be sure. In most cases, the gas company will send someone out to inspect your meter and determine if a new installation is necessary. If so, they will usually handle the entire process for you. However, some fees may be associated with the installation, so be sure to ask about this before scheduling an appointment.
What To Consider for Comparing Different Business Gas Deals?
Like many business owners, you probably don’t think much about your gas supplier. After all, once you’ve found a good deal, there’s not much incentive to switch. So even if you’re happy with your current supplier, it’s worth researching to ensure you’re not missing out on a good offer. Gas prices fluctuate quite a bit, and new suppliers always come to the market offering competitive deals. So even if you’re happy with your current supplier, it’s worth researching to ensure you’re not missing out on a better offer.
When shopping for business gas quotes, comparing apples to apples is important. Ensure you’re comparing the same type and amount of gas, the same length of the contract, and the same payment . Also, good to ask about any hidden fees or surcharges. Once you’ve found a few comparable quotes, you can start to narrow down your options. Consider things like price, customer service, and convenience. By doing your research, you can be sure to find the best business gas quote for your needs.