Understanding Business Energy Contracts
Choosing the right energy contract for your business is key to managing costs effectively. Here’s a quick guide to the main types of business energy contracts:
Non-Half Hourly (NHH) Contracts
Suited for small to medium-sized businesses, non-half hourly contracts are usually fixed price contracts and billed to your meter readings either via a smart meter or you providing readings. While less precise than HH contracts, they are simpler and more flexible for companies with moderate energy demands.
Half Hourly (HH) Contracts
Designed for businesses with high energy usage, half-hourly meters record your energy consumption every 30 minutes. This provides accurate data, ensuring you’re billed for exactly what you use. These contracts are mandatory for businesses with a supply load of 69kva or higher, usually large retailers, hotels, data centres, hospitals or manufacturers. These are slightly more complex and often require a separate meter operator contract. (see blog).
Flexible (Flex) Contracts
Flex contracts are tailored for businesses wanting more control over their energy costs. They allow you to purchase energy in smaller blocks, taking advantage of market fluctuations. This is perfect for businesses that want to and have the time to actively manage energy prices however suppliers only tend to offer these to businesses that use over a certain threshold such as 10 Gigawatts per year (10 million kwh’s).
Portfolio Contracts
Portfolio contracts are an arrangement where multiple business sites or locations are grouped together under a single energy contract, typically to benefit from collective purchasing power and simplified management. It’s often used by businesses with multiple premises or a group of companies managed centrally.
By understanding your energy usage and contract options, you can find a plan that suits your business needs and helps you save. If you’re unsure which is right for you, we’re here to guide you through the process.
Siteworks Services
Our Siteworks services are designed to ensure that your energy infrastructure is optimised and compliant with your business needs. Whether you’re upgrading your current supply, installing new meters, or enhancing your energy efficiency, we’ve got you covered.
Supply Upgrades/Downgrades:
We assess your current energy needs and assist with upgrades to meet increased or decreased demand or improve efficiency.
We manage the entire upgrade process, including liaising with suppliers, ensuring smooth installation, and minimising downtime.
Meter Installations:
NEW Builds and renovations – We manage the installation of new energy meters as well as the supply contracts to get new supplies up and running quickly. (Usually much faster than industry lead times!)
Meter Relocation:
We handle meter relocations to improve accessibility or comply with changing regulations or building renovations.
Compliance & Documentation:
We ensure all installations and upgrades are compliant with the latest industry standards and regulations.
Let us manage your siteworks needs while you focus on running your business efficiently and cost-effectively.