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

11 Jan

Why Should You Undertake A Business Energy Comparison?

by Simon Thompson
 
If there is one thing we know well here at D-ENERGi it is this – not all business energy contracts are created equal! If business owners pick the wrong one, then they could end up overpaying for their business gas or electricity – and this just won’t do. If you’ve never undertaken a business energy comparison or switched business energy suppliers before, then it is likely that you are currently sat on an “out of contract” rate which can be up to twice as expensive as contract rates. What are ‘out of contract’ rates? Out of contract rates is the name given to the default tariff that your business energy supplier will place you on either: When your current contract has ended and you haven’t arranged to go onto a new one (either with your existing supplier or a new supplier) When the switching process to another supplier has been delayed – so there is a gap between the end of your first contract and the start of your new one   The only way you can avoid paying out of contract rates is to sign up for a new energy deal, either with your current business energy supplier or a new one. The simplest way to complete a business gas or business electricity comparison is to use the team at D-ENERGi. We work with a wide range of energy suppliers, to make sure you not only get outstanding service but access to great rates as well. We are experts at guiding you through the whole business energy comparison process, but it will give us a head start if you have some of the relevant information to hand already and some idea of what sort of tariff you might want to switch to. What are the main business energy tariffs I need to know about? Fixed-rate. Usually last between one and four years, with the standing charges and unit cost staying the same throughout this time. Your bill amount will change dependent on the amount of energy you use, obviously, but the actual rates you pay won’t. Fixed-term tariffs tend to be the most popular type for businesses as they help you to avoid price hikes. Blend and extended. A bit more complex than fixed rate deals, these deals allow you to extend your current contract with your supplier to take advantage of lower rates as a reward for your loyalty. Flex approach. When running a large business, it can sometimes be more cost-effective to bulk buy your energy in advance so you know how much you have paid for it when you come to use it. Flex approach contracts allow you to pay for your energy for the months ahead while also taking advantage of favourable wholesale rates. Pass through. This type of tariff splits your bill between fixed wholesale energy costs and the other varied items which make up the unit rates. This is a complicated tariff that is more suited to those who don’t require much price certainty.   At the end of the day, the quickest and easiest way to do business electricity or business gas comparison is to speak to the friendly team at D-ENERGi.
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4 Jan

How to Get the Best Business Energy Quote

by Simon Thompson
 
Getting a business energy quote before you renew is essential if you want to make sure you and your business are getting the best deal possible. Before you start this process, however, you need to make sure you are well prepared so that the quotes you receive are as accurate as possible. Here are our top tips to help you get the most out of your business energy quote: Know your current tariff. Unfortunately, most business owners we deal with don’t have a clue what their current business electricity or gas tariff is which makes it practically impossible to compare prices when it comes to getting a business gas or business electricity quote. Be prepared and dig out your last bill before you start so you can compare apples with apples. Be sure when your current contract ends. Most business energy suppliers are not great at letting you know when your contract is up, mainly because they want you to roll over into a new one without any hassle. Once you have a clear idea of the date your contract is up, and whether there is anything you need to do to let them know you are swapping, you will be in a much better position to start looking at quotes. Research potential suppliers. Most people, when getting energy quotes, tend to look at one or two of the top six suppliers. However, if you limit yourself to these you may be preventing yourself from getting the best deal for you. Using D-ENERGI to get your quote, means you can access deals from lots of different energy suppliers, including the smaller ones – and so find the contract that best aligns with your business needs more efficiently. Know your business electricity profile class. If you are wanting to get a business electricity quote on its own, then you will need to know your profile class which is based on your Peak Load Factor and usage. New and renewing customers who are currently in profile class 05 to 08 are now required to use half-hourly metering. Know your business gas and electricity supply numbers. Most energy supply companies will ask for these before they complete your quote as they want to make sure they are in good standing (and to ensure what you have told them is accurate). For a business gas quote, you will need your Meter Point Reference Number (MPR) from your last gas bill. For a business electricity quote, you will need a Metering Point Administration Number (MPAN) found next to the big S on your bill.   The top tip we can give you when getting business electricity or business gas quote is to get a lot of quotes so you know you are choosing the best one. And the best way to do that is to use D_ENERGI to search the market for you. Click on the big pink button at the top of the page to get your FREE quote now.
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21 Dec

The Climate Change Levy: What Do Business Owners Need to Know?

by Simon Thompson
 
Grab your latest business gas bill and take a look – you may notice there is a Climate Change Levy (CCL) on there that you might have not noticed before. You may also not be aware that there is a way you can reduce these charges too. What is the Climate Change Levy (CCL)? The Climate Change Levy (CCL) is an environmental tax that has been placed on commercial energy use in the UK. It is a tax that is additional to VAT and which certain businesses will have to pay on their business gas rates. Why do business have to pay the Climate Change Levy (CCL)? The Government in the UK the CCL as part of a wider array of legislation aimed at reducing greenhouse gas emissions – but it is an energy tax rather than a carbon tax. Alongside the CCL is the Climate Change Agreement (CCA) which enables businesses to get access to reduced rates by committing to improve their energy consumption. The UK Government introduced both pieces of this legislation to help motivate businesses to become more energy-efficient, and to help them meet their 2050 target of net-zero greenhouse gas emissions. Which businesses will have to pay the CCL? Most businesses will have to pay the CCL, although there are some exceptions: • Business that have charitable status and are engaged in non-commercial activities • Small businesses who use less than 1000 kWh of electricity or 4,397 kWh gas per month • Business that is supplied via a domestic energy contract You will also be exempt from paying the CCL if: • Your business is not based in the UK • You are not going to use the energy as fuel • You are not going to use the energy to create electricity • Your energy is being supplied from certain combined heat and power schemes How much will my business have to pay? The amount business have to pay for the CCL is set by the Government and tends to vary from year to year. However, the rate will be the same across all business energy suppliers. The current CCL rate for 2020/2021 is: • £0.00811 per kWh for business electricity • £0.00406 per kWh for business gas The more energy you use, the more CCL you will pay – just like VAT. How do I pay the CCL? You must register to pay the CCL – if you don’t you will end up paying a penalty. Your business gas supplier will then calculate how much the CCL is for your company, and then they will apply it to your bill. They then pay the HMRC on your behalf. At D-ENERGi, our team of experts can help you to find the best business gas supplier with the cheapest business energy deal to meet the needs of your business.
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14 Dec

Is Half Hour Metering Right for Your Business?

by Simon Thompson
 
Medium and large businesses with meters of profile classes 05, 06, 07, and 08 have had to pay their bills based on their half-hour electricity (HHE) use, since 2017. This is known as half-hour electricity metering and is the result of a change made when Ofgem (Office of Gas and Electricity Markets) amended the Balancing and Settlement code under the P272 legislation. How do you know if you have a Half Hour meter? If your business tends to use more than 100 kWh electricity in half an hour, then it is likely that you already have a HH meter installed. This will be an Automatic Meter Read (AMR) that will automatically send your half-hourly electricity suppliers a meter reading every half hour using a fixed-line. You can check your meter type on your electricity bill by looking at the S number. If the number after the S reads 00 then your meter is a half-hourly one. What are the benefits of an HH meter? Before the introduction of HH metering, business energy suppliers tended to match energy consumption to customers using profiles to describe their business type. These classes were number 00 to 08 and included Domestic Unrestricted Customers, Non-Domestic Unrestricted Customers, and Peak Load Use of Electricity above 100 kW. Businesses then had to submit their own meter readings, so that their supplier could: • Check that their energy consumption matched the given profile • Balance the amount they were paying with the amount of energy used, so they could reconcile any billing differences If you change to an HH meter, it will send your readings automatically every half-hour so your bill will be based on actual use, not a profile class estimate. This then gives you an up-to-date view of your electricity use, and how much you should be expecting to pay. Business electricity suppliers can also use the data to get a deeper understanding of your pattern of energy use, which may well work to your benefit as they should then be able to offer you a contract that is tailored to your business need. HH Meters and the smart grid If we widen out the thinking about what benefits a HH meter brings, it can also help with the modelling of the UK’s future energy needs as ‘time of use’ tariffs could help manage demand at peak times, or even reward businesses who are able to be more flexible with their electricity use. HH Meters and business gas HH meters are not available for business gas as it isn’t paid for in the same way as business electricity. You pay for business gas based on your daily use, not your half-hourly use. If you’re thinking about moving to a HH meter to take advantage of half-hour electricity prices or would like to know more about how it works – please contact our friendly and experienced team today.
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