Finding Electricity Prices For Your Business

1
Finding Electricity For Your Business.
2
Electricity Rates

• Businesses have to pay close attention to
  overhead in order to better protect profit
  margins. Energy costs are a major part of
  overhead that requires careful, calculated
  investment. The more choice a business has in
  determining how much they will pay for
  electricity, the better it can manage its budget.
  MXenergy offers five types of plans to manage
  electricity prices for businesses.The first of
  these is the fixed rate plan. It features a
  specific fixed energy rate. This rate is
  calculated from a projection of anticipated usage
  over the next 12 or 24 month period. Contracts
  are either 12 months or 24 months in length.The
  second plan option is the bandwidth electricity
  rate plan. Much like the fixed rate plan does,
  this plan bases electricity rates on a projection
  of anticipated usage. However, there is also the
  possibility of paying less than the fixed rate if
  energy usage falls below a specified range known
  as bandwidth. If usage goes above the bandwidth
  range, prices are also subject to adjustment
  above the fixed rate. The third plan is known
  as the hybrid price plan. This combines
  attributes of the fixed rate and variable rate
  plan. Electricity prices for businesses on this
  plan are based on fixed rates for a portion of
  energy usage and a balance of usage floating on a
  variable rate.

3
Electricity Prices For Businesses

• The fourth plan option is called an indexed
  variable rate plan. Electricity prices for
  businesses under this plan are based on a rate
  linked to the specified wholesale price of
  electricity. MXenergy attaches a fixed fee to
  this wholesale rate to cover service costs. This
  marginal fee is sometimes called an adder because
  it is added to the wholesale rate. If variable
  rates become too expensive for a business, the
  MXtrigger Option allows it to change over to a
  fixed rate plan for the rest of their
  contract.The fifth plan option bases
  electricity prices for businesses directly on
  wholesale electricity prices. This is called the
  variable energy rate plan. There are no contracts
  or cancellation fees for this plan. The market
  establishes the monthly billing rate. Sometimes
  the market is down, and the rates a business pays
  are very affordable. At other times, the
  wholesale prices go up and the business must pay
  higher costs for energy in accordance with market
  upturns.Because a company is at the mercy of
  the market itself here, we allow clients on this
  plan to switch to another plan whenever they wish
  without penalty.To better assist clients on any
  of these plans, MXenergy publishes daily reports
  on electricity prices for businesses. These daily
  reports allow CFOs, COOs, and office managers of
  smaller companies to make calculated, conscious
  decisions in business operating cost
  managements.MXenergy also offers energy
  consulting services to help companies make the
  best choice for their particular needs. The
  consultants job is to help decision makers in
  both long term and short term planning. These
  plans are customized to each business, and they
  are based upon analysis of energy usage, tax
  credits, and payment options.