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3 Dec

How to Save with Half Hourly Electricity Deals

by Simon Thompson
 
For large business users of energy, an effective way to reduce overheads is to save with half hourly electricity deals. One way of doing this is to have these half hourly – or HH – meters installed to enable business electricity customers to obtain more accurate bills. That’s because their electricity usage is being recorded and sent to their supplier every 30 minutes, hence the term half hourly meters. Most big users of electricity will have these meters already. Also, larger businesses tend to have unique energy needs and, for example, they may be using heavy equipment or running production lines to higher levels than a smaller counterpart will do. Search for half hourly electricity prices In the search for half hourly electricity prices, then your business and a potential new supplier can access the data of your electricity usage to put together a bespoke offering. Since a supplier will be able to understand the detail of how a firm is using electricity, they can then offer a flexible contract that is tailored to their unique needs. As a result, large business users of electricity will be able to budget with some certainty over agreed energy prices or they could still opt for a variable price contract. If you own a large business and are wondering whether you have HH meters installed then you should check with your supplier. It’s also possible for a new supplier or a broker to offer a consultancy service that will check whether you have been overcharged previously for your electricity usage and the consultant can start the process for a refund. A consultancy will also help your firm reduce the amount of electricity it uses to help deliver real long-term savings. Attractions for half hourly electricity suppliers One of the big attractions for half hourly electricity suppliers is that they will be able to calculate peak times for energy use and recommend cheaper non-peak times to help lower bills. Also, half hourly meters ensure that the firm is paying the correct amount at all times for its electricity usage. Sourcing a half hourly electricity quote means checking with suppliers directly, but they can vary hugely in their offers or a firm could speak with experts who understand how the half-hourly electricity supply market works. That will mean contacting the friendly team at D-Energi who will be able to explain more about half hourly electricity deals and find a bespoke quote to help you reduce your firm’s overheads.
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28 Nov

Tips to Help Understand Business Energy Prices

by Simon Thompson
 
While most business owners will have a busy day running their organisation, appreciating a few tips on how to enjoy lower business energy prices could pay dividends. This means looking at your firm’s energy bill to understand the unit rate, the standing charge, and the contract end date. The unit rate is the amount your firm is paying for every kilowatt-hour (kWh) of gas or electricity you are using. However, achieving a lower rate from a new provider does not necessarily mean that you will be paying the lowest possible price for your energy. Essentially, you will need to consider how much energy you use and then find a suitable tariff that matches your needs; a low unit rate may be preferable for heavy users but smaller firms may prefer a higher unit rate but with a low or no standing charge. Standing charge from your business energy supplier This issue of the standing charge from your business energy supplier needs to be considered carefully and it’s the amount you pay every day for energy to be supplied to your premises. This price is fixed and does not depend on how much energy you are using. When searching for new energy providers, you will realise that business electricity suppliers will have a standing charge, but not every business gas supplier will do. However, even if there is no standing charge the cost of delivering energy to your premises may be included in the unit rate. In addition to the unit rate and standing charge, you will need to know when your contract end date is so you can switch to a new, cheaper energy supplier. Other costs for business energy bills There are also other costs involved for firms and their business energy bills, which they will need to understand before shopping around. One of them is the Climate Change Levy, which is a cost for every unit a business uses of non-renewable energy. Not every firm will need to pay the levy if they are not big users of energy. Also, most firms will be paying VAT at 20% on their business energy bill, though for smaller users this could be as low as 5%. If you are looking for more tips and help to understand business energy prices and how you can reduce overheads by switching energy suppliers, then it’s time to speak with the team at D-Energi.
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26 Nov

How to Get the Best Commercial Electricity Rates

by Simon Thompson
 
The first step, if you are looking to get the best commercial electricity rates for your business or organisation is to source as many quotes from energy suppliers as possible. For comparison purposes, you will need to source quotes that are based on your current needs to find the best deal. This issue also extends to micro and small businesses since some suppliers will have specific tariffs to meet their needs. A micro business is defined as an operation with 10 or fewer employees and turning over less than £2 million per year. Also, a micro business must be offered extra support when switching suppliers and have more details about how their current tariff compares with the old one. Commercial electricity quote Your firm’s business electricity quote also needs to consider whether you are looking for a fixed tariff – that’s where your electricity costs will remain the same throughout the contract. And while fixed tariffs tend to be cheaper you will be tied into a contract until it ends and cannot switch providers before then. The alternative is to consider a flexible energy contract, so you may have to pay for energy upfront but there will be lower rates offered for this purpose – though should the price of energy fall during the contract, then this will not deliver any savings. Alternatively, it is possible for firms to install a smart meter, so they pay for the electricity they use or you could source renewable energy from providers and boost your environmental credentials. Considering electric prices between providers The next important issue when considering electric prices between providers is how the supplier puts their quote together. In order to access the cheapest tariff, you need to appreciate the unit price, that is the cost per kilowatt hour (kWh) of electricity used, plus the standing charge, this is a fee paid daily for the supply of electricity. So, while a potential new supplier may have a low unit price, they may have a higher standing charge, so your electric bill may actually increase when switching providers under these terms. If you would like more help and information on how to get the best commercial electricity rates, then you need to contact the experts at D-Energi.
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12 Nov

Advice On Sourcing Cheap Business Electricity Deals

by Simon Thompson
 
One effective way of lowering overheads is to reduce your firm’s energy bills but how do you source the best cheap business electricity deals? The best advice for doing this is to know when your contract endpoint is and then terminate the contract when it’s allowed. The reasons for doing so are twofold: firstly, you will avoid being rolled over onto a ‘deemed’ contract, which tends to be much higher than contracts for new customers, and secondly, you will be forced to find a new supplier. It’s always important when checking quotes from suppliers that you don’t just focus on the unit rate per kWh since a potential supplier may offer a low unit cost, but have a high standing charge – so there will be no effective saving. Cheap business gas provider This idea of terminating automatically a deal with a current supplier also extends to those firms and organisations wanting a cheap business gas provider. Again, a business gas quote will have two elements, and you’ll need to focus on the unit charge plus the standing charge to find out what your overall annual cost is likely to be. It is also a good idea to search the business energy market every year to ensure you are on the best deal possible and are not paying more than you should be doing. It may also be a good idea to get a quote from one or more of the ‘Big Six’ energy suppliers and then find out what another potential supplier can offer. For those firms looking to switch, it’s also a good idea to have your current supplier offer a quote and ask if there are any additional discounts from each supplier you approach. Finding a new cheap business energy provider So far, we haven’t mentioned using one of the online comparison sites for finding a new cheap business energy provider. You could use one of these sites to get an idea of the market rate for your size and type of business, but you need to be aware that the site may not be searching the entire marketplace. The search for cheap business energy deals should also include the efforts from an energy broker who has a wide and deep knowledge of the business energy supply market. As a result, they may find better and cheaper deals for meeting your business needs, so you should use an organisation that has access to the entire marketplace and can then negotiate on your behalf and deal with the switch over process. This will mean speaking with the experts at D-Energi who will be able to answer any questions you have about sourcing cheap business electricity deals.
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