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

19 Aug

How to find the right business energy supplier

by Simon Thompson
 
Most firms are always interested in boosting their bottom line which is why they should consider choosing a better and cheaper business energy supplier for their needs. Indeed, switching energy suppliers and even setting up a new energy account as soon as a business moves into new premises can have an almost instant effect on reducing outgoings. The first thing that all businesses should do is to speak with their current supplier and find out what special deals they may offer to retain custom but the real reason for doing this is to use it as a benchmark to look at other deals from business energy suppliers. However, firms should also appreciate that if they are on a specific, or ‘deemed’, tariff then their energy supplier is obliged to tell them about other contracts that are available and how to get information for them. Firms looking to switch business energy suppliers Firms looking to switch business energy suppliers should also take regular meter readings as this will give a fair picture of their energy consumption over a given period of time and it will also help when speaking with potential energy suppliers so they can tailor a quote for meeting consumption needs. To do this, the meter has a unique registration number – it’s known as the meter point administration number (MPAN) for electricity or the meter point reference number (MPRN) for gas – and these will need to be given to a new business energy supplier. These numbers are also found on the energy bill and also on the meter itself. Before making a switch to a new energy supplier, businesses should really appreciate what the current terms of their contract are and they need to know when it ends. That’s because they may need to inform their current supplier they are planning to switch and some contracts will only allow this to be done at certain times. Discussing your business energy needs It is also important when discussing your business energy needs with a new energy supplier that they discuss the terms of the contract in detail so the customer is fully aware and happy with the terms and conditions before signing up to a new deal. Businesses also need to appreciate that a current business energy supplier could object to the firm switching to another supplier but this can only be done under specific circumstances and, more importantly, the circumstances will be detailed within the contract between the business and the supplier. Among the reasons for objecting is if the business has an outstanding debt with the supplier or they have a fixed term contract that has yet to end so they are contract-bound not to switch suppliers. However, the current business energy supplier cannot object if the business is on a deemed contract or if their contract has expired and there are no longer bound by its terms. For more information about switching business energy suppliers, contact the experts D-ENERGi  on or read more information on the Ofgem website.
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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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21 Jul

How to Compare Business Energy Prices

by Sarah Wilkinson
 
When it comes to keeping the running costs of your business as low as possible, one area that definitely shouldn’t be overlooked is your business energy usage. However, shopping around and comparing energy prices can be a time consuming process, but the rewards of finding a reputable, reliable and great value business energy provider will definitely be worth it. At D ENERGi, we want to help you understand how to compare business energy prices to find the right deal for you. Compare Business Energy Prices Know the Market Business energy prices are subject to a lot more change than domestic rates as they are connected to the daily wholesale price. So when comparing prices it’s important to remember that a quote you get one day, could well be lower or higher a few days later if the wholesale price has changed. Find your benchmark To get a good gauge on the market deals, you need to have a benchmark to work against, so calculating your current energy prices and consumption will give you a good indication of what your requirements are and whether you can save money by switching providers. Don’t be led by price Naturally, no two business requirements are the same and there are numerous variables taken into account by business energy providers to calculate rates. Low rates you see advertised by a provider, may not actually be available to your business and could come with caveats that cost you more in the long run. It’s better to shop around and possibly pay a little more with a reputable company who offer excellent customer service. Go bespoke As so many considerations such as business size, credit rating, location, sector and annual consumption are taken into consideration with business energy rates, it’s always a good idea to get a bespoke quote. While taking the time to contact individual providers may seem arduous over a quick online form, you’ll find that doing a thorough job from the start will save you time and potentially money further down the line. Understand the terms and tariffs With business utilities there are various types of contracts and tariffs you can get with business energy such as rollover, fixed term and 28-day contracts. Also, some contracts can have an agreed rate based on a fixed consumption for the duration of the contract or per year, so can incur additional charges. To ensure you know what you’re signed up for, it’s important to understand the terminology and terms and conditions. By taking all of these aspects into consideration, along with choosing a reputable business energy supplier, you can ensure you find the best possible deal that’s right for your business, saving you time and money that can be better invested into your organisation.
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2 Jun

Half Hourly Electricity: A Full Breakdown

by Sarah Wilkinson
 
Every day in the energy market things are changing, it can get a little frustrating from time to time trying to keep up with the new rules and regulations. We don’t want you to feel left in the dark regarding half hourly meters. Therefore we have tried to break it down as best we can to hopefully ease your mind. Essentially, sites with a pinnacle load above 100kW are required to be introduced to a half hourly (HH). Half hourly meters can also be referred to as 00 meters. HH record data from consumption every 30 minutes – this information is communicated to the Supplier. Half hourly meters can be found in a stretch of economic sites   Ranging from call centres, manufacturing sites, supermarkets all the way to sites which consume as much as places like Manchester Airport, half hourly meters can be found everywhere! Over 160, 000 sites are affected by this so it is definitely worth checking if you are part of this large number, further explanation on finding out how can be found below. If your site requires a HH it is vital you have a Meter Operator (MOP). MOP is an organisation in the energy industry who hold the responsibility for installing and maintaining electricity and gas meters. They also provide the technical meter details to the Data Collector to enable collection of consumption data. A HH Data Collector is in charge of collecting HH consumption data from the meter. The data is then certified and passed to the supplier for billing. HH meters allow you to understand your consumption and provides you with a reliable source of information for your businesses energy management. What more could you ask for? HH meters can be a great way to save your business money for other beneficial investments. Finding out if you have a HH meter is easy. All you have to do is check the number next to your supply number marked ‘S’ – if the number reads 00 then you have a half-hourly meter. Pricing for HH can vary. The following charges may appear on your bill if you have a HH Meter: Energy Charges: based on your usage, usually split between day and night. Once you are on a HH meter, you should never receive an estimated bill. This is measured in kWh. Capacity Charges: this charge relates to the Available Capacity for your site. The Average Capacity is the demand for your site which is agreed with the Distribution Network Operator (DNO) and they ensure this is available to you. Reactive Power Charge: this is the difference between the working power and the total power consumed. If a site has a high reactive power, more current has to flow to provide the same output. This means more capacity has to be provided, potentially increasing costs for DNO.   If you would like to know more about half hourly meters then please do not hesitate to call us on 0800 781 7626 or alternatively take a look at our dedicated half hourly electricity page by following this link: https://www.d-energi.com/products/half-hourly-electricity/
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