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

14 Aug

How has Brexit affected business energy prices?

by Simon Thompson
 
We have been looking into this as a small energy business based in Manchester. After the shock result of a vote to leave there was an initial spike in  business energy prices, and then a return back to stability after a few days. Here we look into on how BREXIT could affect your energy prices. One of the knock-on effects of the ‘Brexit’ vote to leave the European Union is that energy prices may increase over the coming months with some industry experts believing the rise will be substantial. For businesses of all sizes the added burden of higher energy costs will have a direct impact on profitability and while the UK saw the lowest energy prices for 14 years earlier this year they have grown steadily since then. More worryingly, in the weeks before the referendum took place, energy prices began to rise more quickly which illustrates how unsure of the energy market is of a Brexit. There are also issues over future potential investment in the UK’s energy market which will also have a potential impact on costs to consumers. Business Energy Prices will begin to rise for a number of reasons Businesses need to appreciate that their energy costs will begin to rise for a number of reasons and the most important being that importation costs will rise because these account for a big part of the unit charge for energy. With the rise in transportation costs, there’s no doubt that suppliers will have to increase their fixed rate deals to help cover this rise in costs. The next most important issue is the fall of sterling against the dollar which has a big impact on the price fluctuations of energy being bought – essentially, as the pound falls, energy such as oil and gas becomes more expensive as a result. And these are issues before we even reach the potential problems of a bad winter because being part of the European Union allows us access to extra storage and supplies in other member countries which gives the UK a security of its supply.   Energy suppliers will need to be more reactive   Without this security, energy suppliers will need to be more reactive and also expect to pay what could be a hefty premium for importing energy from countries outside of the EU when demand for it rises among customers. The energy sector is still in a state of flux but businesses need to appreciate also that the energy market supplying the business sector is more reactive and so it will feel any price changes sooner than the domestic energy market. Because of these questions and potentially expensive scenarios, businesses should begin looking at fixing their energy bills, particularly if they are now in their renewal window to see what rates are currently being offered by suppliers before, as many in the sector widely predict, prices will rise. By how much they will rise, no-one quite knows just as they don’t know what the economic impact of Brexit will be but by planning and preparing now for the worst, businesses can protect themselves and enjoy lower energy costs while their competitors and rivals are hit with higher energy bills which will, inevitably, effect their profitability and performance. Contact the business energy experts at D-ENERGi to find out how your firm can protect its energy bills from rising to unsustainable levels in the coming weeks and months with a free consultation.
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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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9 Aug

Hinkley Point Postponed Until September

by Sarah Wilkinson
 
Hinkley Point has Postponed Plans until September   Towards the end of July, last minute delays were proposed for Britain’s first new nuclear power plant for a generation. The decision for Hinkley Point, Somerset, came into place after Theresa May’s Government announced a new review. Resulting in the decision on the future of Hinkley Point being postponed until September. After the EDF board approved the £18 billion project, within hours their decision had been subsided by the new Business and Energy Secretary, Greg Clark. He announced the project will be delayed. He said: “The UK needs a reliable and secure energy supply and the government believes that nuclear energy is an important part of the mix. The government will now consider carefully all the component parts of this project and make its decision in the early autumn.” Critics say that Hinkley Point is “poor value for money” and “very risky”.   The government has promised to pay EDF a cemented cost of £92.50 per mega-watt hour of electricity for a substantial 35 years. Questions have been raised regarding the association in the project with the Chinese State nuclear firms who are due to invest one third of the Hinkley Point project. The Chinese ambassador to the UK, Liu Xiaoming, has stated that he feels as though the ‘mutual trust’ is in jeopardy as a result of the recent delays to the nuclear project. This will continue unless the Hinkley Point power station is given the green-light again. Liu Xiaoming said: “Right now, the China-UK relationship is at a crucial historical juncture. Mutual trust should be treasured even more. “I hope the UK will keep its door open to China and that the British government will continue to support Hinkley Point – and come to a decision as soon as possible so that the project can proceed smoothly.” The two reactors which are planned to be constructed at Hinkley Point are expected to generate the right amount of electricity in order to meet 7 percent of the UK’s energy needs. This would enforce power in 5.8 million homes. Considering recent delays, the power is expected to be produced by 2033. Before the recent changes, the initial prediction for power to be produced was 8 years before this date, therefore allowing Hinkley Point to be producing power by 2025. Given the above, the government have insisted that Hinkley Point represents a good deal to assist the replacement of Britain’s ageing power plants. Old coal stations have been shut down to environmental rules and old nuclear reactors have to also bid farewell. What are your views on the new Hinkley Point plans? Do you agree with the critics comments or do you think Hinkley Point will be a good investment in the energy industry? Should the plans be postponed or should we go ahead ASAP with our new nuclear power plant station?
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2 Aug

UK Declared 5th Most Energy Efficient in the World

by Sarah Wilkinson
 
Energy Efficient Countries The UK has been declared the fifth most energy efficient country in the world! It is refreshing to receive such positive news this week in comparison to recent news stories flooding the headlines. ACEEE also known as American Council for an Energy Efficient Economy created a report ranking 23 countries, 75% of all energy consumption is represented in these 23 countries. The report evaluated the energy efficiency in multiple sectors involving transportation, building and industry also, the national efforts calculated to control energy use. The UK received the honour of 5th place due to the changes such as abandoning the Green Deal, a 20% cut to future spending and a 33% cut to the countries energy efficiency obligations target. The report displayed that the nation has strong policies to improve fuel economy and advance vehicle technologies, much more can be done to help improve the overall efficiency of the freight and passenger transport systems. Germany, unsurprisingly won first place with Italy and Japan not far behind. Brazil, Saudi Arabia and South Africa ranked at the bottom of the list. Steven Nadel, the Executive Director at ACEEE spoke about how energy efficiency is underutilised throughout Governments, he said: “Energy efficiency is often the lowest cost means of meeting new demand for energy. Governments that encourage investment in energy efficiency and implement supporting policies save citizens money, reduce dependence on energy imports and reduce pollution. Yet energy efficiency remains massively underutilised globally despite its proven multiple benefits and its potential to become the single largest resource to meet growing energy demand worldwide.” More than £43 billion has been invested in the energy industry in the UK. Resulting in 54, 000 jobs being implemented into the economy. A £200 billion investment plan is in place to improve the energy industry in the UK by 2020. This will involve closing down old power stations, an upgrade of the powerlines which fuel our homes and also an improvement must be made regarding the use of low carbon energy.
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