Larger businesses with multiple locations may choose to have a multi-site meter. This means that they can consolidate their energy cost into one account.
At Love Energy Savings, we compare business energy quotes from a large selection of suppliers. Thinking of getting a multi-site meter? Find out everything you need to know below.
Multi-site energy contracts were designed to help businesses manage their business energy contracts. Businesses with multiple location would be able to better manage their energy with a multi-site meter.
For example, a business may have two offices, with energy contracts ending on different dates. An ideal scenario would be that they end on the same date. This means that the business can negotiate both prices at the same time.
Larger businesses using lots of energy will benefit from a half-hourly meter. These meters take automatic meter readings every 30 minutes and send them to the supplier. This can help a larger business get a handle on their energy consumption.
Love Energy Savings work on a business’s behalf to get them the best deals. With a multi-site meter contract, there's more room for negotiation as energy is bought in bulk.
The benefits of a multi-site meter are:
We will gather quotes from a wide selection of energy suppliers. These include both the Big Six and smaller independents. This ensures you are getting the best deal available.
Multi-site meters do not restrict the types of contracts open to business energy. This means that businesses can select a type of contract that suits their needs. The main types of energy contract available are:
The rate you pay for energy may increase or decrease throughout the duration of the contract. The rates depend on how the market is performing at the time. Global events and weather can impact the price of energy. This is a risky tariff as you are not guaranteed the best price per unit (kWh).
28-day contracts are old. Businesses who have not switched their energy since market deregulation may find themselves in this contract. These rates are variable, so the price may increase or decrease from month to month.
Fixed-term contracts allow businesses to lock in the price of their energy. This means the price will not increase throughout the duration of the contract. It’s important to note that businesses won’t pay any less either if the market prices go down.
A rollover contract happens when businesses do not arrange a new deal before the end of their contract. The business will be signed up for another year on one of the suppliers most expensive rate.
Deemed rate contract
A deemed rate contract is a rolling contract with expensive rates arranged by the suppliers. They are also known as out-of-contract tariffs. This happens when no contract is formally agreed with the business.
Businesses usually select between the two most popular types of contracts, fixed -term and variable.
Each business should select a contract based on an informed assessment. You can start comparing business energy prices here.
Call our team for a friendly chat at 0800 9888375 or fill in our contact form for an online enquiry.
A multi-site meter allows businesses to have one account for multiple business locations. This includes offices, warehouse, factories or any other place of operation.