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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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18 May

D-ENERGi team donates £1,000 to it’s local Manchester Central Foodbank

by Jordan Garnett
 
A local energy supplier, D-ENERGi has donated £1,000 to Manchester Central foodbank. Since the start of the pandemic, the foodbank has seen in an increase by 227% compared to April 2019. Away from the stockpiling hordes, food bank workers are toiling tirelessly to make sure that no one goes hungry during the virus outbreak. Lauren Tunnicliffe project manager for the foodbank stated “Thanks to the generosity of our donors and volunteers, we have been able to stay open during this crisis. But this isn’t the end of the story; once the immediate health risk has passed, we will be heading towards an economic crisis with an increase in unemployment and lowered incomes. A decade of austerity has weakened the safety net that is meant to protect us all in this kind of emergency. Donations like this one from D-ENERGi will help us to continue to provide for people affected by the long term impacts this pandemic will have, but the government needs to do more. Across the Trussell Trust network we are calling on the government to ensure that everyone can afford to access the basics.” Director Zico Ahmed said “D-ENERGi is delighted to help and would like to thank everyone at Manchester Central Foodbank for their essential community service. We will be looking to make Manchester Central foodbank one of our key charities to support over the next few months. In these challenging and difficult times, we would also encourage other businesses throughout the country to support their local food banks if they possibly can. Currently, the food bank is in need of: • Long life cartons: milk – whole or semi-skimmed, fruit juice. • Tinned: spaghetti, custard, rice pudding, fruit, vegetables, baked beans, pulses, meat, fish, tomatoes, soup. • Jars: spread (jam, peanut butter, marmite etc.) and pasta sauce. • Packets: soup, noodles, dried pasta, pulses and rice (500g or smaller), biscuits. • Breakfast cereal or porridge oats (500g packets or smaller). • Teabags. People who wish to donate food to Manchester Central Foodbank can do so by contacting the food bank helpline (07928 412339) between 9am-12pm. If you wish to make a cash donation please visit their website at https://manchestercentral.foodbank.org.uk/
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31 Jan

The Impact of Brexit on Business

by Simon Thompson