14 Feb
Jargon Within The Energy Industry : A Glossary Of Terms
Posted on Feb 14, 2023
by developers
It’s easy to get overwhelmed while wading through the energy industry. Whether you’re looking for a new supplier or simply trying to understand your business’ energy bill, there’s lots of new terminology to grasp. From understanding definitions, processes, and terminology – it can quickly feel like you’re trying to understand a foreign language. If you’ve ever found yourself wondering what is meant when we talk about ‘capacity’ or ‘demand’, then this post is for you! Here’s a helpful glossary of terms commonly used within the energy industry so that you have all the knowledge needed to make better-informed decisions on your business energy requirements.
Below we have provided an A-Z style of glossary to help explain some complicated and good-to-know terms.
Agreed Capacity
This is the agreed amount of electricity load that can be supplied to a property. If you are renting or newly purchasing a property for your business operations this will be stated in your property’s Connection Agreement with the local DNO*.
Automatic Meter Read (AMR)
An automatic meter read is taken by a system that takes meter readings remotely. This data will be passed onto your business energy supplier for billing purposes.
Biomass
Biomass energy or bioenergy, as it can often be referred to, is an energy sourced from organic materials, this includes matter from recently living organisms such as plants. This is considered a ‘carbon neutral’ method of generating energy.
Carbon Credits
Carbon credits are a rising form of credit that can be purchased on the voluntary carbon market. These are used to permit owners an allowance of carbon dioxide emissions. Also known as carbon offsets. Many businesses are now opting voluntarily to buy carbon credits in order to develop a ‘green business strategy’ that coincides with government plans to achieve net zero carbon.
Carbon Neutral
Carbon neutrality means reaching a state in which there are net-zero carbon dioxide emissions. This can be achieved by either balancing the total amount of carbon dioxide removed with the total emitted or by completely eliminating the emission of CO2 from within society. Both are something governments across the world are hoping to achieve, as agreed.
*District Network Operator (DNO)
A district network operator or DNO is responsible for the installation and maintenance of electrical cabling, as well as the distribution of electricity to the supply point of the grid.
If you are attempting to contact your DNO, one way you can do this is by looking them up using your location information, such as postcode. Each district will have a different DNO.
Fixed Term Contracts
A fixed term contract is a supply contract decided with your energy provider for a fixed price over a fixed period of time.
Greenhouse Gas (GHG)
A GHG is simply a type of gas found in the atmosphere that traps heat. The main GHGs found in Earth’s atmosphere are water vapour, carbon dioxide, methane, nitrous oxide, and ozone.
Looking for a business gas quote? Fed up of long waiting times. Why not give us a try, you may not of heard of us before but our customers love us. Rated within the top 5 gas suppliers on Trustpilot. View our customer reviews page. We have been supplying business gas for 15 years based in the heart of Manchester. We are a small family energy business and not part of the Big Six – we can not only match their business gas quote rates, but on most occasions beat them.
Our friendly UK based call centre will guarantee your call to be answered in a maximum of five rings and no long waiting times.
We offer a friendly and personalised service, account managers are dedicated solemnly to you so any query or issue you may have is dealt with by an expert. This way we have built a loyal growing portfolio of hotels, care homes, schools who all use us as their preferred business gas supplier.
Managing your finances in your business is important and is something that cannot be dealt with light heartedly. This is what drives us to give you the best fixed prices we can offer. With a fixed price business gas quote from D-ENERGi, you know specifically how much you will pay on your gas bill every single month.
You may now be thinking why should I get a business gas quote from D-ENERGi? We have had plenty of practise forging the best energy deals and in negotiating exclusive deals higher up the supply chain so we can pass the savings on to you.
Get a free no obligation business gas quote from D-ENERGi or call 0800 781 7626.
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The majority of businesses require considerable more electricity than the average home. This can work in your favour as it can enhance your negotiation price with your commercial energy supplier – in most cases.
Finding the perfect deal for your commercial electricity rates can be quite tedious and time consuming.
As a result you will find that most businesses use a specialised energy broker experienced in energy negotiation, which is understandable. However most energy brokers will typically add in a margin on the unit rates and standing charge so they can generate a commission on the energy a businesses may consume. Therefore the most reliable way to getting the best deal is by directly calling commercial energy suppliers yourself and shopping around. You may be surprised about the fact that by speaking to a commercial energy supplier direct, like ourselves, you may able to get better commercial electricity rates.
D-ENERGi is a direct commercial energy supplier, fill in our quote form and receive a free, no obligation quote from us. Or if you would prefer to talk to us direct, call on 0800 781 7626. We are a leading commercial independent energy supplier based in the heart of Manchester. A small energy supplier working under the radar of the big six for over 15 years. We know how it feels when you are being passed from pillar to post and having to endure long waiting times when trying to resolve a customer query, which is why we have a 3 ring guarantee to all our customers.
All energy suppliers will try and persuade you to allow them to supply your business electricity, but we want to ensure you that with a D-ENERGi quote you will feel no pressure – it is completely your decision, only you know what is best for your business and its energy needs.
In the 1990’s a deregulation occurred which changed the game. Both domestic and business energy customers all over the UK can become a customer to the energy supplier of your choice. Once you switch suppliers, the only change you will notice is a different company logo on your bill and considerably lower charges.
The ‘Big 6’ energy suppliers admittedly supply the majority of businesses in the UK but if you shop around, you should notice smaller, less popular suppliers could help you and your business save amounts you wouldn’t believe – it’s worth switching your investigation mode on!
Comparing electricity prices
Comparing the prices for electricity can and will help you find what it is exactly that you need for finding the cheapest rates. Proceed with the following steps to learn how to compare electricity rates to the best of your ability:
Find a recent if not the most recent electricity bill from your current supplier.
Look around for a trusted electricity price comparison site, ensure the site you find offers you a whole market view, some of them will only show you plans you can switch to via their company
Fill in the data captures with your electricity usage details as requested – this is so you can receive the most accurate results which are specific to your region and consumption
Review your electricity comparison results – switching online could save you hundreds or you may just be checking to see how your current electricity plan compares to the rest of the market.
Enjoy your savings!
Talk to our experts today for competitive business energy quotes today!
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