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

10 Mar

Understanding P272 For Businesses To Save Money On Energy Costs

by Simon Thompson
 
Undertaking research is sound business practice which also extends to finding the best business electricity rates available but some firms may be unaware of what P272 means for them. Essentially, the P272 is a piece of legislation that is pushing organisations to use half-hourly meters (better known as HH meters) so their usage of energy can be better monitored and charged for. It’s also important for those firms who are looking to find a new energy supplier since if they have a P272 meter than the information is an effective way of accessing lower bills. That’s because a potential new supplier can see immediately when and where the firm is using energy and tailor their offering to meet this – there might also be, for instance, some encouragement for the firm to move to off-peak use for lower rates. Indeed, while many organisations may believe that they are on a good deal, unless they check the market regularly, how will they know? It is worth highlighting research from the Competition and Markets Authority which reveals that around 40% of firms have never switched their energy supplier. Firms are probably paying more for their energy The result of non-action is that a large number of firms are probably paying more for their energy needs than they should be doing. The only way to find the cheapest electricity rates is for an organisation to compare the entire market for all business electricity suppliers. On top of this, they will also need to consider how much electricity they are using for their business needs. There are ways and means of searching the market to find a better supplier and organisations of all shapes and sizes could save substantial amounts of money. One of the best ways of finding what the market rate could be is to check a business comparison website that looks at a range of electricity suppliers delivering to businesses. Also, for those firms who have multisite businesses it also possible to have an account that delivers just one energy bill to their head office rather than having to process several invoices every month. Compare the business’s energy needs to find the biggest savings The comparison website will then compare the business’s energy needs to find the biggest savings available and then highlight which will be the cheaper business electricity supplier. With the prospect of business energy prices increasing in the near future, it is also worthwhile considering whether the organisation should lock into fixed energy rates for one, two or three years. There will, undoubtedly, be a fair number of businesses wondering why they should switch their energy supplier at all and the new P272 HH meters will offer data that will show where savings and efficiencies can be made. Also, the reason for switching energy is a simple one, because it makes sound business sense to do so. Data from the HH meter thanks to the P272 rules Not only will the business save money by utilising the data from their HH meter thanks to the P272 rules, the savings will range from several hundred to thousands of pounds every year and they may also enjoy better customer service and other services as well. For instance, some business energy suppliers will offer to undertake an audit of the firm’s energy usage to see where savings can be made so the firm could reduce their overheads even further. The business energy market is a competitive one following the deregulation of the industry and businesses can choose an energy supplier of their choice. Some organisations may also be concerned that their energy supply will be interrupted as they switch suppliers but these worries are unfounded. Also, there will be a large number of firms who have their energy supplied by one of the ‘big six’ business energy suppliers and they may be wondering why they should move from an organisation that meets their needs. The introduction of half hourly meters through the P272 legislation While there’s no doubt that the big six firms will be providing most of the energy needs for the UK’s business sector, this dominance also leads to a range of high energy bills through uncompetitive tariffs – hence the introduction of half hourly meters through the P272 legislation. The government and the energy regulator Ofgem are keen to introduce competition that will help to see lower prices being introduced and improve customer service levels. To help boost the level of competition within the industry, businesses are being encouraged to switch their energy supplier on a regular basis. The other issue is that many businesses are not aware of just how easy it is to switch business energy supplier and the process is smooth and trouble-free. The end result will see the firm enjoying lower overheads which will mean a boost to their profitability. In addition to using business comparison websites, a firm can also utilise the expertise of business energy brokers who understand how the market works and will have access to the latest deals and tariffs that will better meet a business’ need.   For many firms, an ideal solution is to contact the experts at D-Energi who will be able to explain more about the P272 legislation and source a cheaper energy deal with just a few details from the firm to help them enjoy better business electricity and gas rates.
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1 Mar

Looking For Business Energy Suppliers?

by Simon Thompson
 
For any organisation looking for business energy suppliers, the market will appear to be complicated to navigate. While there are lots of commercial energy suppliers, including the better-known names, there are lots of opportunities to reduce energy bills with just a little bit of effort. So, for those who are looking to find the cheapest business electricity and gas deals, it’s important to find a contract that meets their needs and reduces bills. It should also be appreciated that suppliers will be offering a range of services as well as lower prices in a bid to entice potential new commercial customers. This means it is worth the time taking a look at what they have to offer. Business electricity suppliers who offer a low a fixed price Indeed, some organisations may prefer to find those business electricity suppliers who offer a low a fixed price and longer contract term. For many organisations, this policy would make sound financial sense since energy experts are predicting that energy prices will rise over the coming years. To find the best deals, organisations also need to understand that while they could check comparison websites to find lower prices, these prices may not be available to their business. That’s because business energy suppliers will offer a bespoke deal and the organisation will need to find two quotes for their electricity and gas usage. Unlike for householders, organisations cannot get a dual fuel deal and must find separate quotes for each fuel type. While this may appear to create an obstacle, it also presents the opportunity to have two separate energy suppliers for gas and electricity offering the best prices. So, when it comes to accessing accurate quotes an organisation will need a recent energy bill to hand. Potential new business energy supplier This will have on it important information for the potential new business energy supplier, including the meter registration number so the supplier will know exactly where the organisation is. The bill will also show up the energy rates being charged and the organisation will also need to know when the current contract comes to an end. This is because they cannot switch energy suppliers mid-term and can only give notice to quit their current supplier in the weeks before the contract comes to an end. However, if the organisation owes their supplier money then they may be prevented from switching suppliers until the bill is finally settled. Also, there will be lots of organisations who have not switched suppliers previously and so their commercial energy contract will have been automatically ‘rolled-over’. In this situation, these organisations will probably be on a ‘deemed’ contract and are likely to be paying more for their energy than they need to but they can leave a deemed contract for a new supplier at any time. Compare business gas suppliers There are lots of reasons why an organisation should undertake to compare business gas suppliers for their prices as well as electricity suppliers, on a regular basis, and the main one is to ensure that they are not paying more than they need to for their business energy supply. It also helps to keep abreast of the market for prices and new suppliers entering with better offers. Once the firm finds a potential new supplier, they will then have an energy package tailored to their business needs. Some commercial energy providers also undertake an analysis of their customer’s usage to ensure they get the best deal that suits them and highlight ways to save money by using less energy as well. So, for organisations that are looking to lower overheads and beat ever-increasing business energy prices, it will pay to search the market and find a cheaper energy supplier. Savings that can be made every year While this may sound complicated and time-consuming, it’s a process that will pay dividends because the savings that can be made every year range from several hundred to several thousands of pounds. While the savings can be impressive, it should also be appreciated that the savings are applicable to organisations of all sizes whether they are small or large and range from one-man bands to multisite operations.   However, the most efficient way of searching the market for business energy suppliers and finding great deals is to contact a firm that specialises in sourcing these deals and that means contacting the experts at D-Energi who will be pleased to help.
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11 Aug

Business Electricity Quote: How to get the best prices

by D-ENERGi
 
Lets face it!  Shopping around and finding a competitive business’s electricity quote is not the most exciting subject in the world. However business electricity remains a constant high operational cost for many business’s and enterprises throughout the country. As a small energy supplier based in Manchester we know the industry inside and out. We have been helping business’s reduce their energy bills well over 15 years.  Here we will try to share and pass on some inside industry knowledge, to help you find the very best possible deals on business electricity. Fact 1 Understand when your current business energy tariff ends and more importantly it’s notice period. Before you look for a business electricity quote, you need to know your current end date for your business electricity contract. You need to know this date before you even consider shopping around. It is a legal requirement these days for your contract end date to appear on your business electricity bills.  Check your invoices for this date. Read the terms and conditions of your supplier and ensure you hand in notice pursuant to those terms.  Differing energy suppliers will have varied notice periods ranging from 120,90,60 days. If you don’t hand in notice to your supplier accordingly,  they may automatically renew your agreement. Fact 2 Know your business energy rates in pence per kwh and standing charges. So you know when your contract ends. Excellent. Now you need to understand its charges. Depending on your usage and the type of business you are.  You need to look for the cheapest unit rate pence per kWh, and standing charges. Which generally make up the largest amount on your business electricity bill. Know what you’re paying pence per kWh and the amount of standing charge you are paying. Standing charge is a fixed amount you pay per day or month, similar to the charges of BT line rental. Some energy suppliers will have no standing charge and have a higher rate on pence per kWh. Having no standing charge may sound appealing but make sure you do the maths. No standing charge tariffs generally have higher pence per kWh rates to compensate, making this a no go for higher users of electricity. Fact 3 Make sure your credit is of good standing. All business electricity suppliers will credit check these days. In order to get lowest price on your business electricity quote, your business credit has also got to be good. Knowing your business credit rating in advance can help you avoid any unexpected surprises. Business electricity quote from D-ENERGi We hope you will find these insider tips useful. As a small energy supplier based in Manchester for over 15 years we can offer you the cheapest business electricity quote with a warm personalised service, which is unique from our competitors. We offer a price match policy and more often than not we are always in the top 5 for best prices on business electricity quotes. Get My Free Energy Quote Today  or call for free on 0808 159 2721  if you prefer to chat. We have a loyal and growing portfolio of customers who love us, to learn more on us and our customer reviews view our Meet Our Customers page to see what makes D-ENERGi such a good alternative to the big six energy suppliers. Other useful pages Why switch to D-ENERGi? Business Electricity Product Page Business Energy Product Page back to blogs    
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28 Jul

Finding Cheap Business Electricity | D-ENERGi

by Sarah Wilkinson
 
Finding Cheap Business Electricity Finding cheap business electricity can be challenging when every supplier offers such competitive rates. This is why you should make the effort to shop around and receive as many quotes you possibly can. Although this may be a chore, it is regarding one of the main factors within your business – money. Ofgem Recommendations The leading regulatory body, Ofgem recommend that you shop around for electricity rates, at least every three years to ensure you are being delivered the best tariff for your business electricity needs. When we say shop around, we mean the whole market. Do your research, look into energy suppliers that you may never have heard of previously, try to look further into suppliers that don’t fall under The Big Six. We are only a phone call away… If you are looking to seek consultancy with regards to your electricity, D-ENERGi can review your electricity and advise you on what is best for you and your business when it comes to electricity. Please don’t hesitate to give us a call on 0800 871 7626 to speak with one of our experienced Account Managers in house to help you understand your own electricity as appose to developing knowledge in generic electricity rates. Every businesses electricity needs are highly unique and you should not feel as though there is only one route you can take. Hidden costs in electricity Something that isn’t outlined from every supplier is the fact that there are several other charges that relate to electricity supply. We like you to be involved and we want you to have a 100% understanding on just where your electricity budget money is heading. Some electricity quotes can be referred to as a mine field quote which can be presented in many different manners and can prove to show hidden costs. We are able to give you a cost analysis penny-to-penny of what and where you are spending your money on your business electricity. P272 P272 is a new regulation given by Ofgem which affects around 167,000 businesses. P272 is mandatory and affects the way all electricity suppliers settle electricity consumption for businesses within a specified energy use. This will result in sites being migrated from non-half hourly meters (NHH) to half hourly meters (HH), and enable suppliers to produce more accurate bills. More information and an infographic regarding P272 can be found here. If you would like to read our blog on P272 this can also be found here. Get competitive rates today with a free quote If you wish to seek electricity or any energy consultancy we are here until 5.00pm everyday ready to answer any questions you may have. Please call 0800 781 7626 for further information. You can receive a free, no obligation quote here and start to compare electricity rates today!
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