Reducing overheads is currently a major concern for businesses and with energy representing one of the biggest outgoings for most organisations there is a pressing need to find ways to bring gas and electricity bills down.

Business energy prices have risen sharply in recent years and this has coincided with a slowdown in economic growth. All major energy consumers are looking at ways to reduce energy consumption but another highly effective way to reduce energy bills is to look at flexible contracts.

Part Fixed Part Floating (PFPF), Flexible Contracts and Market Trackers are essentially the same product and can deliver significant benefits to those with a substantial consumption.

A flexible product enables a business to spread energy purchasing decisions periodically through the life of the contract, taking advantage of a falling market whilst also providing the security to lock out and secure prices in a volatile and rising market.

Depending on the type of contract and supplier you will be able to buy your energy at the wholesale price, which fluctuates and changes on an hourly basis. You can select which day, month, quarter or season you want to purchase for. In some cases you can lock out a percentage of the volume, known as a tranche, i.e.up to four trades in any monht, quarter or season. If you do not lock out any prices then typically the contract will automatically lock into a price before the day, week or month of delivery (usually the average weighted price of that period or previous month).

Orchard Energy’s pricing analysts work closely with clients to determine the best contract for their needs.

We keep an eye on the markets for you to make sure you’re getting the best possible prices, leaving you to concentrate on running your business.

For further information on Flexible Contracts contact us on 0844 581 0844