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Business Electricity Prices

Nothing in life is certain except that if you haven't switched your business electricity contract you will be paying too much.

Even if you have switched there are still savings to make as the volatility of the energy markets constantly throws up pricing opportunities among the peaks.

How to get cheaper business electricity prices

There are four important elements that you need to pay attention to make sure you get a better deal on your business electricity.

The standing charge and unit rate are the two most important components in any business electricity tariff.

Many people just worry about the unit rate, but getting the lowest unit rate doesn't necessarily mean you're paying your electricity the lowest possible cost; it all relies on how much power you're using.

A low unit rate is essential if you're a heavy user, but if you're using a comparatively small quantity of electricity, you might be better off with a small standing charge and greater unit rate.

Here at Lloyd energy, we can discover a tariff that matches your requirements with the balance of standing charge and unit price.

You can set your energy rates for the entire contract period by signing up for a longer-term agreement. You're likely to pay a premium to start with, but you'll almost certainly see long-term savings against the upward trend in business electricity prices if you've signed multiple short-term contracts over the period.

We can offer anything from 1 week to 6-year agreements, if there is a contract obligation out there, we can deliver it with every choice in between significance.

You’ll pay out of contract rates if your contract runs out and you do not have a fresh contract ready to change and considered rates in the period when you move into new premises before you can settle your contract, you will pay out of contract prices.

It's a costly situation to be in. Out - of-contract rates may be twice as high as in-contract prices. Deemed rates can be punitive in the same way. In this manner, you should always prevent exposure. You can work with Business Juice to make sure you don't pay the penalty.

Business electricity prices are unstable - they change every half an hour.

Prices fluctuate so much because company electricity is not purchased in advance-unlike the domestic market -it is purchased as and when new contracts arrive.

This means that the wholesale market has a huge impact on the electricity prices of businesses when you get a quote you're happy with it being wise to snap it up there and then because you can't ensure that the price will still be available tomorrow.

The standing charge and unit rate are the two most important components in any business electricity tariff.

Many people just worry about the unit rate, but getting the lowest unit rate doesn't necessarily mean you're paying your electricity the lowest possible cost; it all relies on how much power you're using.

A low unit rate is essential if you're a heavy user, but if you're using a comparatively small quantity of electricity, you might be better off with a small standing charge and greater unit rate.

Here at Lloyd energy, we can discover a tariff that matches your requirements with the balance of standing charge and unit price.

You can set your energy rates for the entire contract period by signing up for a longer-term agreement. You're likely to pay a premium to start with, but you'll almost certainly see long-term savings against the upward trend in business electricity prices if you've signed multiple short-term contracts over the period.

We can offer anything from 1 week to 6-year agreements, if there is a contract obligation out there, we can deliver it with every choice in between significance.

You’ll pay out of contract rates if your contract runs out and you do not have a fresh contract ready to change and considered rates in the period when you move into new premises before you can settle your contract, you will pay out of contract prices.

It's a costly situation to be in. Out - of-contract rates may be twice as high as in-contract prices. Deemed rates can be punitive in the same way. In this manner, you should always prevent exposure. You can work with Business Juice to make sure you don't pay the penalty.

Business electricity prices are unstable - they change every half an hour.

Prices fluctuate so much because company electricity is not purchased in advance-unlike the domestic market -it is purchased as and when new contracts arrive.

This means that the wholesale market has a huge impact on the electricity prices of businesses when you get a quote you're happy with it being wise to snap it up there and then because you can't ensure that the price will still be available tomorrow.

Compare energy price with Lloyd Energy

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