Fixed rates make a comeback
After months of limited choice, fixed-rate energy deals are becoming available again for UK businesses. Energy suppliers are now offering contracts that lock in prices below the current energy price cap, giving SMEs a chance to escape volatile wholesale markets.
This shift matters because many businesses have been on expensive default rates or short-term fixes while waiting for better options. The return of competitive fixed tariffs means you can now plan energy costs with more certainty and potentially reduce bills.
Comparing your options
Fixed contracts typically run 1–3 years and protect you from price rises during the contract term. However, rates vary significantly between suppliers and depend on your usage profile, location, and payment method.
You'll need your business energy account details and recent usage data to get accurate quotes. Half-hourly metering data (if you have it) helps suppliers calculate more precise rates.
What this means for your business
Now is a good time to review your current deal. If you're on a variable rate or an expiring contract, locking in a fixed rate while competitive options exist could save your business 10–25% annually depending on your sector and consumption.
Compare quotes from multiple suppliers to find the best fit for your business profile and cash flow needs. Don't rush – take time to understand exit fees and ensure the contract aligns with your energy plans.