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4 Jul

Should You Compare Business Electricity and Gas Providers?

by Simon Thompson
 
When it comes to lowering overheads, all firms and organisation should take steps to compare business electricity and gas providers. But when are the optimum times for undertaking this exercise? The best incentive for doing so is when your current electricity or gas supplier contacts you with details of your next year’s contract rates. You can then use this information to shop around for a potential new supplier though it’s always worthwhile not restricting your search to the ‘Big Six’ energy suppliers since their offerings may be similar and you may believe that it’s simply not worthwhile switching. Compare business energy providers That would be a mistake because you should make the effort to compare business energy providers of varying sizes and look at their offers. Essentially, switching to a new energy provider isn’t simply about reducing the tariff or unit rates but for the potential of enjoying other services such as a consultancy. This will make sound business sense because a consultant will look at how and when your firm is using its energy and then make recommendations about how you can use less. Not only will you enjoy longer-term savings by reducing your energy, your firm will also be doing its bit for the environment. That’s a big incentive for many firms. Shop around and compare business gas providers While most firms and organisations will be needing electricity to carry out their activities every day, there’s also a need to shop around and compare business gas providers and you can compare these easily as well. While you could contact gas providers directly, this can be a time-consuming undertaking particularly if you have more than one premises because you’ll need to give details of each of these so a bespoke offer can be made. Alternatively, you could use a comparison website which makes this process easier but the site itself may not be searching the entire marketplace and you will still need to speak with a potential new provider and give them your details. The reason for this is that a supplier must offer a bespoke deal – it’s the reason why comparing rates is so difficult on a like-for-like basis. If you would like to compare business electricity and gas providers to find out which suppliers have the best terms that meet your needs, then it’s time to speak with the experts at D-Energi who can help.
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2 Jul

What Your Business Needs to Know About P272 Legislation

by Simon Thompson
 
All businesses who have electricity meters meeting the 05 to 08 profile will need to know about P272, if they already haven’t done so. That’s because on 1 April 2017, large electricity users have had to switch to a meter that’s more efficient and delivers accurate bills. The legislation was brought in by Ofgem and all firms have now switched across, regardless of the energy supplier they use. Essentially, the meter upgrade will see your half-hourly electricity usage being sent to your provider so there’s no need for estimated bills. These meters, they are also known as HH meters, should have been installed for all firms affected by the legislation and, if not, then you need to contact your current provider and have this rectified. Big attraction for the P272 legislation The big attraction for the P272 legislation is that the data generated by the meter can be used by the firm to source a cheaper supplier to meet their electricity needs. That’s because a potential new provider can utilise the information generated by the meter to find out when your peak periods of usage are and then tailor an offer to better meet your requirements. Your business can also use software to analyse its electricity usage to see where you can make savings by lowering usage levels and some electricity suppliers may also offer a consultancy service to do this for you and help you enjoy larger savings over a longer period. More than 100,000 firms have been affected by the P272 legislation which means that when their current provider contacts them with details of their next year’s contract means they have access to the details necessary for switching to a new supplier. Accessing cheaper bills with a new provider It’s this opportunity of accessing cheaper bills with a new provider that was one of the reasons the P272 changes were introduced. Unfortunately, one government survey has highlighted that around 40% of firms in the UK have never bothered switching their electricity supplier so they are probably paying over the odds for their electricity needs. And since all firms and organisations will be requiring electricity for their everyday activities, it makes sense that this utility should be appraised every year as this is an excellent way to help lower overheads also. If you and your business would like to know more about the P272 legislation and the impact it has had on helping to deliver cheaper electricity bills, then it’s time to contact the team at D-Energi.
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