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15 years of experience
15 years of experience
15 years of experience

24 Aug

How to Compare Business Energy Prices Per kWh?

by Simon Thompson
 
When you are looking at your business energy bills it is important to remember that although there are a wide variety of costs that go into making them up, the two critical ones are: Standing charge. The fixed amount you are charged on a daily basis, regardless of how much energy you actually use Unit rate. The price you pay per unit of energy used, usually shown as kWh – these are the costs that will vary each month But what do you need to know when you are looking at business energy prices per kwh? What does kWh mean? kWh is the abbreviation of kilowatt-hour – a measure of energy that is equal to 1000 watts being used for an hour. Every appliance that is used in a business has its performance measured in watts, and you should be able to find the wattage of an item on its packaging or label. What is the average cost of electricity per kWh? When we are looking at business electricity rates per kWh the rates paid tend to vary by region, but the average cost within the UK is around 14.40p per kWh. This compares to around 20.58p per day on average for the standing charge within the UK – although again there are differences in regions. How do energy providers use kWh information? When your chosen energy supplier is calculating your energy bill, they will look at how many kWh of electricity and gas you used over a set period of time and then multiply this by the price per unit set in your agreed tariff. They will also multiply the number of days covered by the billing period by the daily standing charge and then add this cost to your kWh cost to come up with the total amount owed. What other costs are included in your business energy bill? On top of the costs of the standing charge and kWh price, you will probably also pay taxation costs such as VAT (at a rate of 20%) and the Climate Change Levy (CCL) as well. This is why when you are comparing business energy suppliers it is best to compare the cost of your annual bill rather than just the rates. You may find a supplier with a cheaper kWh price, for example, but they may then have a higher standing charge which you have to pay. If you use your consumption data for the past year as a guide, you will have a much better idea of overall costs. If you are looking to compare energy prices then the best way to do it is to contact the D-ENERGi team. You don’t need to waste any time going from supplier to supplier to find the best quote, we will take care of all of that for you.
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17 Aug

Why is Now a Good Time to do a Business Energy Comparison?

by Simon Thompson
 
Research has shown that more and more businesses are choosing to switch energy suppliers than ever before, so why is now a good time to do a business energy comparison? #1 Reap the benefits of new technology It should go without saying that the best way for businesses to reduce their energy bill is by reducing their energy consumption. This has never been easier than it is now, with the development of new technology such as specialised software and hardware, and smart meters. For example, new energy monitoring software can help you to stay better informed about how your business is managing its energy consumption and help you to identify problem areas that you may want to avoid in the future. #2 Get better customer service Completing a business electricity comparison and switching supplier shouldn’t be all about unit rates, you should take customer service into account as well. If you have been suffering from issues such as incorrect billing, inaccurate direct debits, and poor service in general, then you may want to switch suppliers even if it means paying a higher unit rate. Make sure you take customer satisfaction scores and reviews into account when you are switching suppliers. #3 Sustainability and being green If you want to do your bit for the environment and improve your sustainability score then you can opt for a green electricity and gas business contract. You can dramatically reduce your business’s carbon footprint, improve your public image, and do your bit for the environment by switching suppliers to a green energy supplier. Green energy deals tend to be more expensive than traditional energy contracts but this can be balanced out by the tax relief you may qualify for by the reduction in your carbon footprint. #4 A reduction in spending Obviously, the main reason why most businesses look at doing an energy cost comparison is that they want to reduce their energy costs. Comparing the wide variety of quotes available on the market means that you could save hundreds of pounds on your business energy bill. Even if you would prefer to stay with your current supplier you may be able to re-negotiate your contract to take advantage of their latest offers – although the savings may be smaller than switching suppliers altogether. If you are thinking of doing a business electricity or business gas comparison then please contact the D-ENERGi team today – we have been providing our services to commercial enterprises for over 19 years.
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10 Aug

What Impact has COVID-19 had on the Energy Market?

by Simon Thompson
 
COVID-19 has had an impact on everyone’s life, and we are all suffering from the economic and social consequences of the pandemic on a global scale. Although lockdown restrictions seem to be easing, it is still too early to really understand the consequences the coronavirus pandemic has had on the energy market, and business energy quotes in general. Business, in general, has felt the squeeze, with many firms finding their commercial activities have been curtailed since lockdown began, with many countries reporting a slump in GDP. The UK seems to have fared the worst, with France, Germany, Italy, Spain, and the US also suffering too. This general decline in revenue means that it is now more important than ever for companies to have a better handle on their costs and energy consumption in order to ensure they stand a chance of recovering from the impact of COVID-19. Should I get a business energy quote now? The last few months have forced many companies to urgently review their expenses in order to navigate their way through the lockdown period successfully, by maintaining financial stability. The Government has tried to help with things such as the Furlough scheme, VAT deferral, and business grants – but a lot of people have neglected to look at one of the most important things – energy costs. Energy costs are often overlooked, but they are one of the most important supply elements when it comes to the smooth running of your business on a day to day basis – especially if you are in the manufacturing sector. In fact, for manufacturers, energy costs come in a close third behind labour costs and materials when it comes to noting down expenditure. On the other hand, the global energy market is sitting at a low, the likes of which haven’t been seen for around 70 years. So, yes, now is the time to get a business gas and business electricity quote to take advantage of some of the drastically reduced long-term fixed energy contracts that are currently on offer. Why has COVID-19 impacted on the energy market? From March 2020, when the COVID-19 lockdown began, commercial activities dropped sharply and so the demand for energy dropped dramatically as well. Hand in hand with this was a sudden increase in the amount of gas being supplied to the global market, from countries such as Qatar and Russia, as they fight to establish their dominance in the gas supply market. What should you do? In order to capitalise on the heavily reduced energy prices, caused by lack of demand and an excess of supply by contacting D-ENERGi to get a new business electricity and business gas quote now. Reviewing the offers that are available in the market at the moment, may lead to significant savings for you in the coming months.
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