Fixed
For a Fixed, you are charged a set rate per unit of energy, this is measured in kWh, for the fixed term of your contract. This does not mean that your total charge on your bill will remain the same each month, it will change depending on the energy you are using. It’s the cost per kWh which is fixed. We help you find fixed energy contracts for Electricity, Gas and Water.
Flexible
In a Flexible business energy contract it’s taking your annual energy usage and buying it at various times across the year
to work towards the best possible price for your energy contract, compared with buying all your energy at once with a fixed price. Market conditions and forecasts are taken into account to buy your energy at the right times and often this will enable a deliverability of a better overall price in a rapidly changing energy market. At Lumina Energy, we have our very own Flexible Energy Contract product, if this method interests you, find out more here.
Deemed and Out-of-Contract
A Deemed or Out of Contract situation can happen in a couple of instances;
You might have moved into a new business premise and a new contract hasn’t been agreed. Or;
Your current contract has ended, but your existing supplier is still supplying the energy that you use. This can happen if your original contract doesn’t specify what happens at the end of a contract or doesn’t have any renewal provisions set in place.
Being in this situation can often mean a supplier’s rates will be the most expensive so if this is you it’s important to shop around and arrange a new contract as soon as you’ve got your new business location and/or approach the end date of your contract to avoid paying high costs.
