Save Big With Small Business PA Electric Rate Hacks
Rate Structures and Savings Opportunities
Electricity suppliers offer various rate structures, each with unique benefits. The most common are fixed-rate and variable-rate plans. A fixed-rate plan locks in your electricity price for the duration of the contract, providing stability and protection against market fluctuations. This is ideal for businesses wanting predictable monthly expenses. On the other hand, a variable-rate plan allows prices to change with the market, which can be advantageous during periods of lower energy costs2.
Furthermore, small businesses can benefit from time-of-use rates, which charge different prices based on the time of day electricity is used. By shifting energy-intensive operations to off-peak hours, businesses can enjoy significant cost reductions. This approach requires strategic planning but offers substantial savings for those who can adapt their usage patterns3.