What are fixed energy contracts?
Fixed contract energy solutions are agreements between a business and a supplier, where the price of gas and electricity is fixed for a set period of time.
They are a popular choice for businesses looking to gain clarity on their spending and take the element of chance out of their electricity and gas bills.
Consultiv Utilities has years of experience in negotiating fixed price energy contracts for our clients, helping them keep energy costs under close control. This is done strategically to ensure that energy is bought at competitive market rates from suppliers.
Get in touch with our team today to find out more about the fixed contract energy solutions we can offer to your organisation.
Securing Fixed Contract Energy Solutions With Consultiv Utilities
Consultiv Utilities are part of The Energy Consultants Association, specialising in sourcing and securing competitive energy contracts for businesses. Our team constantly analyses the markets in order to help customers fix pricing at a time to suit their business, giving you the peace of mind you need to focus on managing your business.
Procuring fixed contract energy solutions from Consultiv Utilities means you’ll benefit from:
Procurement Analyst
Your dedicated procurement analyst will proactively monitor the market on your behalf and provide you with indicative renewal rates for future renewals to ensure that you explore contract options well ahead of your renewal date.
Connect Portal Access
Our user-friendly portal allows you to view your business usage information, meters and documentation, giving you total visibility and control.
Competitive Rates
Through our competitive supplier tendering process, we will source you competitive for your business needs.
Long Term Support
Consultiv Utilities can offer support beyond the initial contract procurement, including cost management, market commentary, market reports and policy updates.
Decades of Experience
Our extensive knowledge and expertise in energy means you can focus on other areas of your business, knowing your utilities are in safe hands.
Pros and Cons Of A Fixed Contract Energy Plan
An effective strategy for many businesses, fixed contract energy plans give businesses a stable outgoing every month, compared to flexible contract energy plans. However, it might not be suitable for every business.
Pros
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Budget Certainty
Fixed contract energy solutions negate the risks associated with fluctuating energy costs.
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Protection From Market Volatility
A fixed rate means your business is shielded from spikes in energy prices over the period.
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Simple Contract Management
Easy to manage compared to flexible energy contracts.
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Good for SMEs
Fixed contract energy plans are good for small and medium-sized enterprises (SMEs). It allows for stable outgoings to protect cash flow.
Cons
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No Benefit From Price Drops
By fixing your contract, you will not benefit from drops in market prices.
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Fixing At The Wrong Time
If your rate is secured at a time when market prices are high, it will be fixed for the entire period.
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Early Termination Fees
If an early contract termination is necessary, additional charges may occur.
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Less Effective For High Energy Consumers
For larger businesses that use a high amount of energy, a flexible contract can be more cost-effective.
Find out if a fixed contract energy plan is the best solution for your business by speaking to a member of the team today.
Our dedicated and experienced team uses detailed market insight and risk analysis to find an energy contract for your business.
Fixed And Fully Fixed Energy Contracts
Our tailored service will find you the best fixed contract energy solution for your business. This includes finding whether a fixed or fully fixed plan would be the best fit.
Fixed energy contracts are designed to remove as many cost variables as possible, giving absolute certainty to businesses with regard to overheads like utilities. Fixed contracts will usually include the following in the monthly rate:
- The cost of the energy itself.
- Supplier costs.
- Third-party charges.
However, even fixed contract energy plans are subject to some additional variables known as non-commodity costs. Not included in the monthly rate can be:
- Industry levies such as:
- FIT (Feed-in Tariff)
- CFD (Contracts for Difference)
- RO (Renewables Obligation)
- Government charges like the CCL (Climate Change Levy)
- VAT
These non-commodity costs can rise and fall differently from the price of the energy itself. We can help your business to navigate the various energy supply contract options available in the market and find the right solution for you.
If you prefer to have absolute certainty over the various elements of your contract, we can help you find fully fixed energy contract deals with non-commodity options.
Non-Commodity Options
FAQs
How Long Do Fixed Energy Contracts Last?
These contracts usually last between 12 and 24 months, but some are available for 36 months plus, subject to availability. While a longer contract means your costs will be fixed for longer, it could also mean your business is tied into a contract and missing out on lower prices.Â
Consultiv Utilities are expert advisors in energy and can advise you on the best options for you, using up-to-the-minute information from market research to secure competitive contract rates.Â
Contact us today to start your enquiry.
Is My Organisation Eligible For A Fixed Contract Energy Plan?
All organisations are eligible for fixed contract energy plans. However, this may not mean it’s the best option for every business. They are particularly suited to small to mid-sized businesses.Â
For larger businesses, a flexible energy contract may be the most cost-effective option.
Why Should I Use Consultiv Utilities Instead Of Buying Directly From Suppliers?
Procuring a fixed contract energy plan for your business straight from your current supplier could mean you are missing out on other competitive rates, found through a supplier tender and years of experience in the field.Â
As well as finding a competitive deal for you and your business, Consultiv Utilities can also take charge of the contract negotiation, flag hidden costs and support with renewal when it’s time.
Our tailored service means you’ll spend less time sourcing utilities and more time on the things that really matter. Start saving time now: contact us.Â
Will I Save Money With A Fixed Contract Energy Plan?
While you may save money on a fixed energy contract, the main benefit of these contracts is not to save money, but to avoid unexpected price increases.Â
This allows businesses to budget effectively, keeping utility overheads consistent for a fixed period of time.
What Other Utility Contracts Can Consultiv Utilities Help With?
As well as fixed and flexible energy contracts, we can offer specialist consulting and contract procurement services for businesses looking for water contracts, waste management contracts, merchant services and communications solutions.Â
ISO90001, 140001 and 50001 accredited, we provide reliable and bespoke solutions with long-term support that can grow and adapt as your business does.Â
Speak to a member of our team today using our contact form, or get a quote over the phone on 0800 208 8780.
Can I Switch Suppliers During A Fixed Contract?
Switching suppliers mid-contract is not possible without incurring a termination fee. Being tied into a contract for a fixed period means it’s important to find the best deal from the start.
Get in touch
Consultiv Utilities can help you get the most out of your business gas and electricity in the long run, by using our expertise to meet your requirements.
Get in touch
Watch our latest webinar to find out.
