The graphic below shows how the daily standing charge for business electricity has changed over the past five years.
The first x number of units used are always at a higher rate in any case to cover the fixed costs of supply. These tariffs although not usually named in this way are called two-tier tariffs. Almost all of the major six business energy providers in the UK can offer both types of tariffs i. So long as you have your current usage figures you can compare effectively within one supplier and the rest of the marketplace.
This means the pricing you receive reflects what your business is actually going to use rather than just looking at the base numbers.
How to avoid paying a standing charge on your energy bills
Some standing charges may be higher and vary greatly for each electric supplier. If the SC is higher, then the unit rates are generally lower, but the total bill is the same. The overall cost will vary from business to business depending on the overall consumption within a month or a year.
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- What is a standing charge? – Shell Energy.
British Gas, EDF and the other business gas and electricity suppliers all allow you to enter your business details on their websites so you can get instant online quotes. Getting quotes for business is slightly different from domestic use because the actual prices are not shown and are calculated specifically for your business.
In almost all cases, the lower prices are found online. However, there are a small array of zero standing charge tariffs on the market that are available to those who typically spend an extended period out of their home, which would mean that they would only have to pay for their energy when they use it. The rate per unit is typically higher with these tariffs, but users do not have to pay for an energy bill solely comprised of standing charges and could make a substantial saving overall during the course of the year.
Ultimately, the suitability of a zero standing charge tariff for your energy purposes is dependent on how frequently you are in one of your properties.
Standing Charges: What you need to know
If you are someone who only has one residence, or spends longer periods of time in all your residences, then a zero standing charge tariff is most likely not for you because you will overspend on your energy due to the substantially higher rate per unit. In these instances, the added costs of the higher unit rate will usually outweigh the savings you make from having no standing charge, which makes it a worse energy deal for you financially.
However, if you are someone who has a secondary home that you only visit sporadically, then a zero standing charge tariff is worth considering as you will not be sent a number of bills over the year that are solely comprised of standing charge costs.
You can then enjoy only paying for your energy when you are residing in the property, and will be able to enjoy a lower rate after you breach the energy usage threshold identified by your energy supplier. Zero Standing Charge Tariffs.
Related energy deals without standing charges
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