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26 Jun

P272 for Business Explained

by Simon Thompson
 
When the P272 legislation was first unveiled by the government, it was seen as being one of the biggest boosts since deregulation for the commercial electricity market. For those who do not know, P272 is the name of a regulation that affects all electricity suppliers. Essentially, for those firms that meet the criteria they will have been moved from non-half hourly meters to the new half hourly meters, or HH meters. The aim of this is for electricity suppliers to deliver accurate bills for their client. P272 will create a smarter and energy efficient economy On top of this the government said that P272 will create a smarter and energy efficient economy. That’s because the electricity suppliers will have a detailed analysis of when big businesses are using energy and then they could tailor their supply to meet this demand. There’s no doubt that P272 is still a cause of confusion for some firms and the team of experts at D-Energi can explain the full potential benefits of the half hourly meters and how a firm can manage this change. For many firms, their electricity bills will now be more detailed and unlikely to have any mistakes and there’s no need for estimated bills either. On top of this, there’s also software available that will help them to analyse how and when they are using electricity to see whether they can switch to a more cost-effective tariff or even switch peak energy used to cheaper, off-peak periods. Big question for many firms about P272 The big question for many firms about P272 is whether their business is affected. While many firms will have been told about this switch to the new HH meters, others may still be confused. To find out whether they are affected, they need to look at their supply number on their meter; this is also found on their electricity bill. Next to the letter S will be a two digit number and if this falls in the range of 05 to 07 then they will need to comply with the new P272 legislation. Firms who are affected by P272 As mentioned previously, all the firms who are affected by P272 should have been informed already since the deadline for meters having the ability to settle every half-hour needed to be in place by 1 April this year.   For any business still confused about P272, then it’s time to speak with the helpful team at D-Energi to find out more and whether they should be on a better and cheaper tariff with a business electricity supplier than they currently are.  
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21 Jun

How Business Can Switch Energy Suppliers Easily

by Simon Thompson
 
For many businesses looking to switch energy suppliers easily, the main incentive is for them to enjoy cheaper bills and lower overheads. Indeed, for some organisations the difference between making a profit and loss may come down to reducing their energy costs. Despite this opportunity, the energy sector’s regulator Ofgem says most firms haven’t bothered switching and are now missing out on huge cost savings. It also helps that firms can sign a contract for a fixed rate, usually for a year, though some contracts can run for two and even up to five years. This means they will be able to fix their energy prices which will be of benefit for their cash flow forecasts. Making the energy switch When it comes to making the energy switch, the process itself is straightforward and the firm will need to source a new supplier who is offering prices they find attractive. There is no loss of energy supply during the switchover process itself. It should also be appreciated that for those firms who have never switched energy supplier or have moved to new premises, they will be probably paying ‘deemed’ rates. This is an out of contract rate which can be an expensive position for a firm to be in; the out of contract rates are usually much higher than in-contract rates. However, if the firm doesn’t switch suppliers they may be automatically rolled onto these deemed contracts and may not appreciate just how much extra they are paying for their energy supply. Issues to consider when switching energy suppliers There are also other issues to consider when switching energy suppliers and these will include the firm’s location and the amount of energy they use. On top of this, the price they pay for a contract will also depend on their type of business, the length of contract they choose to sign for and, of course, the supplier as well. While this may appear to be a complicated and confusing marketplace, it is a simple one to negotiate though it does help having experts. This may mean speaking with the experts at D-Energi who have the expertise and experience to source cheaper energy deals for businesses of all shapes and sizes.   The D-Energi team can also explain how businesses can switch energy suppliers easily and discuss the potential savings that can be made.
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16 Jun

Finding Cheap Commercial Electricity Rates

by Simon Thompson
 
The market for offering cheap commercial electricity rates is a competitive one so it is relatively easy for a firm to find a cheaper new electricity supplier. However, there are some considerations that all firms and organisations will need to take into account when comparing business electricity tariffs and these include: Business size: the firm’s turnover and size of office space will be crucial for a potential supplier. Some will specialise in a business’s size and offering but not others. Business planning: knowing how long the business will be remaining in their premises will also dictate whether they have a short or long-term contract; a shorter term contract will bring flexibility for switching. Know your energy usage: all firms should check their bills to see how much electricity they are using as this will help a potential new supplier estimate the usage and potential tariff. Access cheaper electric prices being charged Knowing when the firm has its peak uses for electricity means they may be able to access cheaper electric prices being charged for use in the early hours of the morning or during the night. It’s also important that businesses look carefully at the deal being offered so it meets their needs. Firms and organisations should also be wary about fixed term contracts, particularly those that may tie them up for four years. While longer fixed contracts offer much lower rates and better deals, they are more difficult for a firm to break and switch to a different supplier. It’s also important that firms do their research and compare quotes from various suppliers and they need to do this within the window of opportunity before the current contract comes to an end. Compare a commercial electricity quote between suppliers This means they will need to allocate time and resources for someone to compare a commercial electricity quote between suppliers effectively and for smaller firms, this may be a difficult undertaking. However, the payoff is that they will probably source a much cheaper energy supply for their firm and save substantial amounts in the process; just about every firm will save money by switching to a new supplier. Just a word of caution for those firms who are using comparison websites for business energy prices; the website itself may not be searching the entire market or indeed all of the potential energy suppliers and may not be delivering the cheapest deals or tariffs. Also, the firm will need to contact the supplier directly because their energy quote will need to be bespoke.   For more help and advice about finding cheap commercial electricity rates, then it’s time to speak with the team of experts at D-Energi to find out what deals and offers are available.
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12 Jun

Energy Consultancy for Business Explained

by Simon Thompson
 
All firms and organisations should be looking to reduce their overheads on a regular basis and an energy consultancy may well help save cash for those interested organisations. That’s because the energy consultants will know and understand the energy supply market and help the business find the best deals and tariffs that meet their needs. On top of this, the energy consultancy will also undertake an energy audit to ensure that the savings being made are permanent and long-term. For instance, the consultants may highlight areas where the firm can save large amounts of money by making simple changes to their everyday activities; this may mean switching off unused office lights, turning down the heating and even switching off computers and screens at night. One reason a firm may be looking to bring in the experts is that they believe their energy bills may be too high but they may not understand how to lower them effectively. A basic energy services audit Industry experts say that even a basic energy services audit should see a firm’s energy bills being reduced by 10% at the very least while many firms may also enjoy savings of around 25%. This may mean introducing energy efficiencies and upgrading various pieces of equipment but that is still a huge saving. That’s on top of the energy audit locating better deals and tariffs which mean the overall savings can be quite substantial. The energy experts will also be able to help decipher the firm’s energy bills to ensure they are on the best deal currently, if not, highlight where potential savings can be made. It may appear to be a strange way to invest in lower energy bills by paying experts to find a cheaper deal or tariff and better ways of using energy but it does work. Expert should be able to deliver energy savings However, the expert should be able to deliver energy savings that far outweigh their own costs. Whether the audit is for retail premises, agricultural farms or a factory; an energy consultancy will pay dividends. The bottom line is that all firms and organisations can become more energy-efficient which is not only good for our environment but also good for the firm’s overheads with lower running costs. The energy audit may also be beneficial for keeping costs down in a factory with heavy usage of energy in the manufacturing process.   For more help and information about energy consultancy and the impact of having an energy audit undertaken, then speak with the experts at D-Energi.
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