Fixed-rate tariffs –The simplest, conversely most common option for most businesses. Particularly popular when gas prices are low, enabling lock in of cheap prices for several years that can provide great long-term savings, budget certainty and protection against price increases. These typically last 1-5 years.
Variable-rate tariffs – Flexible tariffs that move with the gas market, your unit rates changes according to market moves throughout the contract, thus taking advantage of price decreases. A consideration if you come to review costs when the gas rates are particularly high, and you do not want to commit long term. These contracts can be cancelled with 30 days’ notice.
Green Energy Tariffs – unlike business electricity, business gas unfortunately hasn’t come quite so far in the renewables space but is becoming more commonplace. Green tariffs do not always cost more than standard tariffs and Sustainable Business Services will always present a Green option as part of our recommendations, where available. Carbon offsetting is often used for gas contracts.
Zero standing-charge tariffs – tariff prices generally consist of the cost of the energy you consume plus a standing charge: this is the flat fee you pay to have access to energy in your premises. Typically, between 10p-80p for gas. Some business energy deals offer fixed-rate tariffs without a standing charge, meaning you only pay for the energy you consume, all at a pre-agreed rate. Not all suppliers offer them and they are not a very common type of gas tariff.
How to find the cheapest gas prices
Energy companies rely on inertia, much like water and insurance companies. There is no reward for customer loyalty. Enticing new customers from their competitors with cheaper deals is often the way to obtain the best market prices.
Being organised, understanding the process and ensuring you, or your consultant is prepared for the contract end date, ensuring you do not roll over is key to keeping costs low. Rollover rates are often some of the most expensive rates offered by suppliers.
What can you do:
Renew direct with your current supplier (typically at higher rates)
Compare across several suppliers with multiple tariff options yourself
Work with an independent utility consultant to find the most suitable, cheapest tariff
The fist two options involve your time and effort to understand, compare and decide upon the best solution. Just using your current supplier limits comparison and negotiating powers. Comparing the market yourself with the multiple suppliers and tariffs available is often time consuming and confusing, when you have other things to focus on.
By entrusting the comparison and review with Sustainable Business Services you can be sure of a transparent market comparison specific to your bespoke needs:
Traditional vs Green Sources
Optimum time / contract type and length
We will inform your current supplier
No disruption to service
With the added benefit of a fully managed renewal or transfer service ensuring your fist bill is inline with the negotiated price.