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

13 Sep

Frequently Asked Questions about Business Energy Suppliers

by Simon Thompson
 
Research by the Federation of Small Businesses has revealed that 70% of businesses have experienced difficulty when it comes to comparing energy suppliers, with 43% saying they have never switched suppliers. These are incredible numbers when you think about how the cheapest business electricity prices could help you save money as a business. A lack of understanding about different energy suppliers, wanting to remain loyal to existing suppliers, and a concern about the effort and time it may involve to switch business energy suppliers are all things that stand in the way of businesses potentially making the switch to the cheapest business electricity supplier. However, switching business energy suppliers is not the long and complicated task that you might think it is, and the savings you could achieve will make any slight effort on your part well worth it. Here are some FAQ’s relating to switching business energy suppliers. #1 How do I find out who my existing supplier is? You can find out who supplies your current business gas and electricity, by looking at your most recent utility bill – the contact details of your current supplier will be printed on it. If you have just moved to new premises or you can’t find your latest bill, you can contact the Meter Point Administration service to ask for their details. #2 What is a deemed contract? If you have recently moved into new premises then a deemed contract will probably be in place for your electricity, gas, or maybe even both if you have not agreed on a contract with your current supplier. If your existing contract has come to an end but you are continuing to consumer electricity then a deemed contract probably exists. The cost of deemed contracts tends to be about 80% more expensive than a negotiated contract – so you can see why they are not good news for many businesses. #3 What is a rolling contract? A rolling contract is when your business gas or electricity supplier rolls you over into a new contract automatically – which may be the case if you fail to tell your supplier of your intention to end a contract before the end of your notice period. #4 Do I need to tell my existing business energy supplier that I am leaving them? Yes. If you decide to leave your existing energy supplier and switch to another one, then you must inform your existing supplier by either Telling them directly Asking your comparison company (D-ENERGi) to provide them with a Letter of Authority (LoA) #5 What is a Letter of Authority (LoA) A Letter of Authority is a recognised legal document that allows us to liaise with energy suppliers on your behalf, with your permission. It basically allows us to call time on your existing tariff and set you up on a cheaper and more competitive one. D-ENERGi is here to help businesses across the UK save money and make the switch. Call us today so that we can help you find the cheapest business electricity rates UK.
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6 Sep

Why Should You Compare Business Electricity Prices Per Kwh?

by Simon Thompson
 
Energy bills can be a real drain on your running costs, whatever size of business you have. Equipment, heating, and lighting are all essential items for most businesses, and it is really easy to get stuck on business gas and business electricity prices per kwh that are not right for your current needs or even sky-high. Here at D-ENERGi we understand that just as companies can vary wildly in scale and size, so can their energy requirements. When it comes to business gas and business electricity use, it is certainly not one size fits all. That is why it is so important that you compare business electricity prices per kwh to find the best rate for your individual business’s needs. What do you need to know about business energy tariffs? There are two main types of tariffs used – fixed-rate and variable. Because the size and scope of each individual business are different, so will their requirements for electricity and gas be. Choosing the correct tariff for your business will depend on how you use electricity and gas and how you want to pay for it. Certain factors need to be taken into account when selecting the right commercial energy tariff for your business, including your financial situation, where your company is located, and how much electricity and gas you use currently. #Fixed rate tariff This type of energy payment plan is suited to those businesses who are on a budget as your energy bill will be fixed at a set rate for a period of time – in some cases, this can be as long as four years. After this fixed rate tariff comes to an end, you can continue with the same supplier and switch to a different agreement, or switch to a different supplier altogether. This tariff arrangement is preferred by business owners who wish to protect themselves from price changes during the agreed period of time as prices are usually cheaper than they are on a variable rate tariff. Some energy providers also offer fixed rate tariff customers a further reduction on their bill if they agree to pay by direct debit. One thing to consider with this tariff, however, is you are locked into it for the agreed duration of time and cannot switch tariffs if prices go down, or other better deals come onto the market. #Variable tariff Variable tariffs can offer a cheaper rate at the time of the initial agreement, but you don’t get the same level of protection against energy price rises on your business gas or electric bill and so the amount you pay will fluctuate based on the energy market in general. A variable tariff represents the balance between the risk of energy prices rising in the long term and paying lower energy costs in the short term. This may be a balance that start-up or smaller companies may be more willing to accept in order to keep the cost of their immediate overheads down. Within the variable tariff there are two main types of agreement: Tracker price tariff – changes based on the wholesale market movement Blend and extend price tariff – a unit rate that comprises of an average between your current contractual rate and that of the current available market rate If you want to save money on your business gas prices per kwh then contact the team at D-ENERGi today.
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9 Aug

How to Save On Your Business Energy Quote

by Simon Thompson
 
Saving on your business energy quote can improve the economic outlook for your business as well as improving the environment. Read on to find out more about you can save on your business energy quote. It is more vital than ever at the moment, for businesses of all sizes to ensure their finances are stable. It shouldn’t come as a surprise, either, that business energy costs are a significant overhead for most companies – however, they can sometimes be at the bottom of the list when looking at ways to reduce outgoings. Let’s take a look at some of the ways, businesses of all sizes can potentially reduce the cost of their business electricity and business gas quote: #1 Check out the business energy deals on offer The easiest way to save money on your business energy is to look at all of the deals available, and then pick the best one for you. Many businesses fail to realise this, with research showing that 46% of small businesses don’t review their options at the end of their contract – meaning they are paying significantly more than they should for their business gas and electricity. When an energy contract comes to the end, many energy suppliers will just automatically roll business customers onto a more expensive deal – but this can be avoided if you sort out a cheaper deal before the end of your contract. At D-ENERGi we have built up strong relationships with many of the main business energy suppliers, and so are able to offer you accurate quotes based on your consumption data and helping you to make the most of your energy budget. You don’t even need to negotiate with any of the business energy suppliers – we do it all for you. #2 Consider smaller supplies, and not just the “big six” A lot of business owners fall into the trap of thinking that their business energy has to come from one of the “big six” suppliers – Centrica PLC (British Gas), EDF Energy, Eon UK, RWE Npower, Scottish and Southern Energy, and Scottish Power. However, despite the fact that these companies have the biggest market share, they are not the only energy suppliers out there. There are lots of smaller business energy suppliers who are already having a big impact on the business energy market, providing the “Big Six” with some competition and driving down prices, which offers you the best potential for greater savings. #3 Reduce your business energy consumption The simplest and well-proven way of reducing your business energy bill is to reduce your consumption. Heating and lighting account for a large portion of most business energy costs. Turning your heating down by just one degree could save you 8% on your heating costs. And it has been estimated that using energy-efficient lighting could reduce your annual business electricity bill by 66%. If you want to reduce your business gas and business electricity quote, then get in touch with the team at D-ENERGi.
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19 Jul

Business Gas Suppliers 2021: How to switch them

by Simon Thompson
 
In the past, if you wanted business gas, the only choice for you was British Gas. This is not the case these days as there are now lots of business gas suppliers to choose from, meaning you can now opt for the one that best suits your needs. Each business gas supplier will have its own range of business gas rates, customer ratings, and offers that will make it easier for you to compare them and find the best one for your business. While the price you are charged for your business gas should always be the most important thing you think about when switching suppliers, it is not the only thing you should consider. If you are solely focused on price then it will potentially be easy to pick the best supplier, but some business owners will be looking for additional benefits such as different payment methods, longer contract times, or suppliers who have the best customer service. Business Gas Contracts When it comes to business gas contracts, there are two things you need to keep in mind, to begin with: Unit cost – the amount your business gas supplier is charging per unit of energy Standing charge – the set price you pay for maintenance and transportation Then you need to look at the type of contract they are offering: Fixed-term contract – this type of contract ensures the price of your gas stays the same throughout the contract term. So, the cost per unit will stay the same, but your bill may differ depending on how much energy you use. Variable-rate contract – the cost per unit of gas may fluctuate throughout the term of your contract. It will go up or down depending on market activity. Deemed rate contract – this is sometimes also called ‘out of contract’ tariff and can be very expensive, so it is not one you want to find yourself tied into 28-day contract – this is a very rare type of contract as it only applies to businesses that have not switched suppliers since gas deregulation Rollover contracts – if you missed the opportunity to switch to a new gas supplier you may find your supplier assumed you wished to stay on the same contract and so just rolled you over Using D-ENERGi to compare business gas tariff prices Your first step should be to grab a copy of your most recent gas bill as this will contain all of the information, we need to get you a better deal from a new supplier. Once you have contacted us and told us the information we need, we contact lots of different gas suppliers to get quotes on your behalf. Get the best prices on your business gas by contacting the D-ENERGi team on 0800 781 7626.
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