Fixed Energy Deals

Welcome back!

The questions have been rolling in, and I’ve been itching to get back on the horse, so let’s jump straight into talking about the best energy deals available, and how you can get your hands on them!

Michelle Westwood, Chester

QUESTION #1

Hi Owen, my friends can’t stop talking about 3 fixed year energy deals. Are they a good idea?

That’s a very interesting question Michelle, and one I’m pleased to give you some clarity on!

For most small businesses, 3 year fixed energy contracts are a wise choice. The cost of electricity is constantly changing, so a longer term contract like this is a great way to protect yourself against rising energy prices, whilst avoiding the ever-increasing non-commodity charges too.

The fixed contract also means you can plan further ahead and know how much you are set to pay – meaning your small business can focus funding elsewhere without worry.

Finally, you’ll save valuable time not having to renew every year – and if you want to save even more time, you can have Outsourced Utilities handle this whole process for you!

David Lookman, Birchwood Business Park

QUESTION #2

Hi Owen, which are the best energy companies in the UK for fixed energy deal, and why?

That’s an almost impossible question to answer David! Every single day prices are changing, so every single time you’re searching for the best business electricity rates, the field is shifting.

Each company has its pros/cons/prices, so understanding the market is key to succeeding in securing the perfect offering.

That’s really where people like us at Outsourced Utilities come in – we understand exactly which rocks need upturning to find the most complete contract of the day, meanwhile you can save yourself the time, money and effort of trawling Google, safe in the knowledge that we have your back!

Catherine Mitchell, South Shields

QUESTION #3

Are there any downsides to 3 year fixed deals that I need to be aware of?

There are only a small number of downsides I can see from committing to a three year fixed deal.

An increase in market prices is something you should be very wary of. There has been significant investment into green renewable energy and new non-commodity charges have been planned; so these factors will likely ramp up the price.

The market, in theory, could fall – it’d be quite surprising, but stranger things have happened.

As mentioned earlier too, the planning potential and the added peace of mind you obtain with a fixed deal really isn’t something to turn your nose up at, and with increasing uncertainty over government and Brexit, who knows where we might be by the end of 2019.

I’d say act, and ask the important questions, sooner rather than later.

Thomas Ekersall, Bury

QUESTION #4

When is the right time to switch or renew my energy contract?

As electricity is a commodity, it can be very difficult to pinpoint the best time to compare business electricity rates, with a mind to switching tariff.

My first piece of advice would be; don’t set a specific date that you have to change your supplier on. By doing this you completely back yourself into a corner, from which its super-tough to find a good contract.

Too many factors can affect the prices on a single day, (even the weather!) so you need a strategy in place beforehand.

Go into the process with due time available. Be open minded. Monitor the market, react to favourable swings and strike while the iron is hot!

We’re constantly surveying the market and picking up on trends, so if you want some insider help in securing a sweet deal, be sure to get in touch!

Conclusion

So there’s all you need to know about 3 year fixed deals – they can be really advantageous, especially as a young business wanting to keep track on your cash flow with ease.

Be sure to keep sending your questions my way, I’m loving this series and can’t wait to be back soon with more tips and tricks from Outsourced Utilities!

In the meantime, drop me a message if you fancy a chat on  owen.davies@outsourcedutilities.co.uk – we’re always keen to get to know new people in our community!

Writer – Owen Davies

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