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

4 Jan

How to Get the Best Business Energy Quote

by Simon Thompson
 
Getting a business energy quote before you renew is essential if you want to make sure you and your business are getting the best deal possible. Before you start this process, however, you need to make sure you are well prepared so that the quotes you receive are as accurate as possible. Here are our top tips to help you get the most out of your business energy quote: Know your current tariff. Unfortunately, most business owners we deal with don’t have a clue what their current business electricity or gas tariff is which makes it practically impossible to compare prices when it comes to getting a business gas or business electricity quote. Be prepared and dig out your last bill before you start so you can compare apples with apples. Be sure when your current contract ends. Most business energy suppliers are not great at letting you know when your contract is up, mainly because they want you to roll over into a new one without any hassle. Once you have a clear idea of the date your contract is up, and whether there is anything you need to do to let them know you are swapping, you will be in a much better position to start looking at quotes. Research potential suppliers. Most people, when getting energy quotes, tend to look at one or two of the top six suppliers. However, if you limit yourself to these you may be preventing yourself from getting the best deal for you. Using D-ENERGI to get your quote, means you can access deals from lots of different energy suppliers, including the smaller ones – and so find the contract that best aligns with your business needs more efficiently. Know your business electricity profile class. If you are wanting to get a business electricity quote on its own, then you will need to know your profile class which is based on your Peak Load Factor and usage. New and renewing customers who are currently in profile class 05 to 08 are now required to use half-hourly metering. Know your business gas and electricity supply numbers. Most energy supply companies will ask for these before they complete your quote as they want to make sure they are in good standing (and to ensure what you have told them is accurate). For a business gas quote, you will need your Meter Point Reference Number (MPR) from your last gas bill. For a business electricity quote, you will need a Metering Point Administration Number (MPAN) found next to the big S on your bill.   The top tip we can give you when getting business electricity or business gas quote is to get a lot of quotes so you know you are choosing the best one. And the best way to do that is to use D_ENERGI to search the market for you. Click on the big pink button at the top of the page to get your FREE quote now.
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21 Dec

The Climate Change Levy: What Do Business Owners Need to Know?

by Simon Thompson
 
Grab your latest business gas bill and take a look – you may notice there is a Climate Change Levy (CCL) on there that you might have not noticed before. You may also not be aware that there is a way you can reduce these charges too. What is the Climate Change Levy (CCL)? The Climate Change Levy (CCL) is an environmental tax that has been placed on commercial energy use in the UK. It is a tax that is additional to VAT and which certain businesses will have to pay on their business gas rates. Why do business have to pay the Climate Change Levy (CCL)? The Government in the UK the CCL as part of a wider array of legislation aimed at reducing greenhouse gas emissions – but it is an energy tax rather than a carbon tax. Alongside the CCL is the Climate Change Agreement (CCA) which enables businesses to get access to reduced rates by committing to improve their energy consumption. The UK Government introduced both pieces of this legislation to help motivate businesses to become more energy-efficient, and to help them meet their 2050 target of net-zero greenhouse gas emissions. Which businesses will have to pay the CCL? Most businesses will have to pay the CCL, although there are some exceptions: • Business that have charitable status and are engaged in non-commercial activities • Small businesses who use less than 1000 kWh of electricity or 4,397 kWh gas per month • Business that is supplied via a domestic energy contract You will also be exempt from paying the CCL if: • Your business is not based in the UK • You are not going to use the energy as fuel • You are not going to use the energy to create electricity • Your energy is being supplied from certain combined heat and power schemes How much will my business have to pay? The amount business have to pay for the CCL is set by the Government and tends to vary from year to year. However, the rate will be the same across all business energy suppliers. The current CCL rate for 2020/2021 is: • £0.00811 per kWh for business electricity • £0.00406 per kWh for business gas The more energy you use, the more CCL you will pay – just like VAT. How do I pay the CCL? You must register to pay the CCL – if you don’t you will end up paying a penalty. Your business gas supplier will then calculate how much the CCL is for your company, and then they will apply it to your bill. They then pay the HMRC on your behalf. At D-ENERGi, our team of experts can help you to find the best business gas supplier with the cheapest business energy deal to meet the needs of your business.
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14 Dec

Is Half Hour Metering Right for Your Business?

by Simon Thompson
 
Medium and large businesses with meters of profile classes 05, 06, 07, and 08 have had to pay their bills based on their half-hour electricity (HHE) use, since 2017. This is known as half-hour electricity metering and is the result of a change made when Ofgem (Office of Gas and Electricity Markets) amended the Balancing and Settlement code under the P272 legislation. How do you know if you have a Half Hour meter? If your business tends to use more than 100 kWh electricity in half an hour, then it is likely that you already have a HH meter installed. This will be an Automatic Meter Read (AMR) that will automatically send your half-hourly electricity suppliers a meter reading every half hour using a fixed-line. You can check your meter type on your electricity bill by looking at the S number. If the number after the S reads 00 then your meter is a half-hourly one. What are the benefits of an HH meter? Before the introduction of HH metering, business energy suppliers tended to match energy consumption to customers using profiles to describe their business type. These classes were number 00 to 08 and included Domestic Unrestricted Customers, Non-Domestic Unrestricted Customers, and Peak Load Use of Electricity above 100 kW. Businesses then had to submit their own meter readings, so that their supplier could: • Check that their energy consumption matched the given profile • Balance the amount they were paying with the amount of energy used, so they could reconcile any billing differences If you change to an HH meter, it will send your readings automatically every half-hour so your bill will be based on actual use, not a profile class estimate. This then gives you an up-to-date view of your electricity use, and how much you should be expecting to pay. Business electricity suppliers can also use the data to get a deeper understanding of your pattern of energy use, which may well work to your benefit as they should then be able to offer you a contract that is tailored to your business need. HH Meters and the smart grid If we widen out the thinking about what benefits a HH meter brings, it can also help with the modelling of the UK’s future energy needs as ‘time of use’ tariffs could help manage demand at peak times, or even reward businesses who are able to be more flexible with their electricity use. HH Meters and business gas HH meters are not available for business gas as it isn’t paid for in the same way as business electricity. You pay for business gas based on your daily use, not your half-hourly use. If you’re thinking about moving to a HH meter to take advantage of half-hour electricity prices or would like to know more about how it works – please contact our friendly and experienced team today.
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7 Dec

Deemed Contracts: Guide for Businesses

by Simon Thompson
 
Money is tight for everyone at the moment, so no-one wants to be overpaying for business electricity. It may surprise you to learn, then, that many businesses are missing out on potential savings due to deemed energy contracts. What is a deemed energy contract? A deemed contract is the name of the contract that is put in place by the business electricity supplier when a business moves to a new premise and begins consuming electricity before they have agreed to a contract. Businesses may also move onto a deemed contract if their existing contract ends, and they continue to consume electricity. This can happen if a contract expires and the business hasn’t realised, or when the contract is terminated early (by either the business or the supplier). How much do deemed contracts cost? Deemed contracts tend to cost a lot more than tariffs that have been negotiated. For example, micro-businesses can end up paying 80% more on a deemed contract than on a negotiated contract. Research has shown that around 10% of micro-businesses are currently on deemed contracts, which means they are paying way more than they need to for their business electricity. What happens if you allow your contract to roll over? If you allow your business electricity contract to roll over, you will more than likely be placed onto a more expensive standard tariff – which can be 50% more expensive than negotiated contracts. You may also face an exit fee if you decide to switch early. If your business is reaching the end of its energy contract, it is vital that you compare the latest prices. Delaying taking action on this can leave you stuck on expensive rollover rates. What are your rights if you are on a deemed contract? If you discover you are on a deemed contract, then don’t worry, you still have the right to switch supplier without paying a fee. If you are on a deemed contract, your business electricity supplier cannot: • Ask you to give notice before terminating the contract • Charge you a termination fee • Prevent you from switching for any reason at any time Your electricity supplier must take all reasonable steps to provide you with the Principal Terms of your deemed contract if you request it – including all charges and fees. If you are on a deemed energy contract, you should compare business electricity rates and switch to a better contract as soon as possible.
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