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.

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 consultant’s 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.

For additional information on electricity prices for business as well as how to switch electricity companies or finding a local
power company visit us online.

Please visit us at http://www.mxenergy.com/ for all your energy needs.

Author Bio: For additional information on electricity prices for business as well as how to switch electricity companies or finding a local
power company visit us online.

Category: Home Management
Keywords: electricity prices for business,electric company,energy provider,utility supplier,natural gas