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17 Mar

Find Cheap Commercial Energy Prices

by Simon Thompson
 
This will mean contacting the team at D-Energi who understand how the market works and will have the latest tariffs and offers available. However, it’s also possible for organisations to check whether they are paying more than they need to for their energy needs by looking at various business energy comparison websites. By doing so they will find out what the market rates are for from suppliers to deliver energy to a firm like theirs. It should be noted though that using comparison websites on a like-for-like basis is difficult since the business energy quote will need to be tailored to the firm’s own needs. There’s no doubt that all businesses will need an energy supply but they must look for the best rates for commercial users. Better commercial energy prices To a large extent, the better commercial energy prices are determined by their energy demand and firms will be able to save a substantial amount of their energy bill by simply switching energy supplier. In order to make a switch, the firm will need a recent energy bill to hand which will have their registration details on it and they must also know the date when their contract comes to an end. Another important point is that they will not be able to switch contracts before this term ends and there’s only a limited window of opportunity for doing so. In addition, should a firm not use this window of opportunity, they will then roll onto a contract that will probably be charging them more than they need to for their energy needs. The firm will also need to know their meter numbers, also known as MPRN and MPAN, and these are located on the meters themselves and on their energy bill. Compare energy suppliers for a cheap commercial energy quote Some firms may also be questioning why they need to compare energy suppliers for a cheap commercial energy quote. There is a range of reasons for doing so, the main one being that they will inevitably reduce their overheads with lower bills. This means profitability will increase. As most businesses will be looking at their costs on a regular basis, it makes sense to analyse the business energy market to ensure that the best commercial energy rates are being accessed. It’s also possible, with the prospect of energy prices increasing in the future, for an organisation to lock themselves into fixed rate over several years to avoid any potential steep price increases. In addition, a new commercial energy supplier may then tailor their energy package that is specific to the firm’s own needs. Some suppliers also undertake an energy audit to ensure that the firm is not only paying the best tariffs available but is using their energy efficiently which will help lower bills as well. Low-cost commercial energy suppliers for electricity and gas For organisations wanting low-cost commercial energy suppliers for electricity and gas, then it makes sense to shop around or at least look at the market on a regular basis. Also, with many firms looking to boost their environmental credentials, it’s also possible to switch to a commercial supplier that will source their supply from renewable sources. This means the commercial energy supplier is using solar power and wind power, as well as tidal power, to produce their electricity supply. There’s no doubt that the time and energy spent by a firm looking for a better commercial energy deal will be time well spent. And while the comparison websites will give a good indication of how much money can be saved, it is not until the organisation contacts the supplier directly to get a bespoke quote for their needs, will they actually know what the savings will be. There are two important issues to bear in mind for those firms and organisations looking to switch energy suppliers. Switchover process is quick and seamless The first is that the switchover process is quick and seamless and there will be no interruption to their energy supply when they transfer to a new gas or electricity supplier. The second most important issue is that they need to be wary when contacting a potential new energy supplier for a bespoke quote that they do not agree to the deal being offered on the phone. That’s because the contract will be accepted and there is no cooling off period for firms to do this and they will have to do see out the full term of their new contract before they can find a new supplier.   Alternatively, as mentioned previously, an effective and quick way to analyse the entire commercial energy market is to contact the team at D-Energi who will have the best tariffs available at their fingertips so there’s no time wasted in trying to find cheap energy prices.
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15 Mar

Organisations Looking to Compare Business Energy Prices For Lower Bills

by Simon Thompson
 
For organisations looking to compare business energy prices for lower bills also means understanding half-hour electricity prices. That’s because the industry has switched from using traditional meters to using half-hourly meters, or HH meters. The new electricity meters will send accurate electricity usage readings to the supplier every half-hour. All businesses have either moved to the new half hourly meters or will be doing so very shortly, and they are connected by a phone line to send the updates to the supplier so there’s no longer any need to worry about accurate meter readings. The other reason for installing these new metres is they monitor energy usage and offer a detailed breakdown of how much energy the firm is using and, importantly, when they are using it. Part of this aim is to help an organisation to become as energy-efficient as is possible. How to compare business electricity tariffs The other aim is to highlight how to compare business electricity tariffs with the potential for switching to lower energy deals, particularly if they are big users of energy during off-peak periods, for instance. The easy way to find out whether the firm is using a half-hour meter already, then their most recent energy bill will have an ‘S number’ on it to designate the meter. Basically, if the top left number on the energy built reads ‘oo’ then the business has a half-hourly meter installed. The other upside to using these meters is that there are software packages available that will create an alert should the business or one of their premises see their usage go over a determined threshold. It’s also possible to look at the historical data to find out where savings can be made and see where the biggest users are. Also, for firms who have not made the switch to HH meters they must have done so by April 2017 if their meter’s profile class is 05, 06, 07 or 08. If not, they must contact their energy supplier as soon as possible. Compare business gas and electricity prices While having the information from a half hourly meter is important for analysing usage, the firm also needs to bear in mind that there’s only a limited window of opportunity to switch energy suppliers and access cheaper tariffs after they compare business gas and electricity prices. They will not be able to switch suppliers mid-contract and the current supplier may lodge an objection if there is money outstanding on a bill. However, HH meters will help a potential new supplier to tailor a bespoke offering that will better meet the firm’s needs and be cheaper as well. The other big reason for having a half hourly meter installed for business is that it should encourage them to take a closer look at how much energy they are using, when they are using it and, crucially, how much they are paying for their energy. Armed with this information they then can search the market for a cheaper business energy supplier and see their bills fall as a result. Indeed, estimates as to how much a firm can save by switching suppliers vary but could be up to 40% which could see some firms saving hundreds if not thousands of pounds every year. The government and the industry regulator Ofgem are keen to increase competition in the market which will also lead to lower prices as energy suppliers compete to meet business needs. Installation of half hourly meters is increasingly important As a result, the installation of half hourly meters is increasingly important and firms should use the information supplied to their own advantage. One quick way to see whether they are paying more than they need to for their business energy needs is to check business comparison websites on a regular basis to see what other suppliers may offer to have them as a customer. However, the firm will need to bear in mind that finding a like-for-like quote is difficult since the energy supplier will offer a bespoke tariff to help meet the firm’s needs. The other big attraction for moving to half hourly metering is that it offers firms with several sites or premises to have one bill supplied for all of their energy needs. They can still monitor energy usage remotely but deal with a supplier to cover all of their needs. There’s a lot to recommend using half-hourly meters but the main one is to help lower the firm’s overheads and access cheaper energy bills.   For more information about how to compare business energy prices and why half hourly meters will help, then the team of experts that D-Energi will be able to assist with any questions.
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10 Mar

Understanding P272 For Businesses To Save Money On Energy Costs

by Simon Thompson
 
Undertaking research is sound business practice which also extends to finding the best business electricity rates available but some firms may be unaware of what P272 means for them. Essentially, the P272 is a piece of legislation that is pushing organisations to use half-hourly meters (better known as HH meters) so their usage of energy can be better monitored and charged for. It’s also important for those firms who are looking to find a new energy supplier since if they have a P272 meter than the information is an effective way of accessing lower bills. That’s because a potential new supplier can see immediately when and where the firm is using energy and tailor their offering to meet this – there might also be, for instance, some encouragement for the firm to move to off-peak use for lower rates. Indeed, while many organisations may believe that they are on a good deal, unless they check the market regularly, how will they know? It is worth highlighting research from the Competition and Markets Authority which reveals that around 40% of firms have never switched their energy supplier. Firms are probably paying more for their energy The result of non-action is that a large number of firms are probably paying more for their energy needs than they should be doing. The only way to find the cheapest electricity rates is for an organisation to compare the entire market for all business electricity suppliers. On top of this, they will also need to consider how much electricity they are using for their business needs. There are ways and means of searching the market to find a better supplier and organisations of all shapes and sizes could save substantial amounts of money. One of the best ways of finding what the market rate could be is to check a business comparison website that looks at a range of electricity suppliers delivering to businesses. Also, for those firms who have multisite businesses it also possible to have an account that delivers just one energy bill to their head office rather than having to process several invoices every month. Compare the business’s energy needs to find the biggest savings The comparison website will then compare the business’s energy needs to find the biggest savings available and then highlight which will be the cheaper business electricity supplier. With the prospect of business energy prices increasing in the near future, it is also worthwhile considering whether the organisation should lock into fixed energy rates for one, two or three years. There will, undoubtedly, be a fair number of businesses wondering why they should switch their energy supplier at all and the new P272 HH meters will offer data that will show where savings and efficiencies can be made. Also, the reason for switching energy is a simple one, because it makes sound business sense to do so. Data from the HH meter thanks to the P272 rules Not only will the business save money by utilising the data from their HH meter thanks to the P272 rules, the savings will range from several hundred to thousands of pounds every year and they may also enjoy better customer service and other services as well. For instance, some business energy suppliers will offer to undertake an audit of the firm’s energy usage to see where savings can be made so the firm could reduce their overheads even further. The business energy market is a competitive one following the deregulation of the industry and businesses can choose an energy supplier of their choice. Some organisations may also be concerned that their energy supply will be interrupted as they switch suppliers but these worries are unfounded. Also, there will be a large number of firms who have their energy supplied by one of the ‘big six’ business energy suppliers and they may be wondering why they should move from an organisation that meets their needs. The introduction of half hourly meters through the P272 legislation While there’s no doubt that the big six firms will be providing most of the energy needs for the UK’s business sector, this dominance also leads to a range of high energy bills through uncompetitive tariffs – hence the introduction of half hourly meters through the P272 legislation. The government and the energy regulator Ofgem are keen to introduce competition that will help to see lower prices being introduced and improve customer service levels. To help boost the level of competition within the industry, businesses are being encouraged to switch their energy supplier on a regular basis. The other issue is that many businesses are not aware of just how easy it is to switch business energy supplier and the process is smooth and trouble-free. The end result will see the firm enjoying lower overheads which will mean a boost to their profitability. In addition to using business comparison websites, a firm can also utilise the expertise of business energy brokers who understand how the market works and will have access to the latest deals and tariffs that will better meet a business’ need.   For many firms, an ideal solution is to contact the experts at D-Energi who will be able to explain more about the P272 legislation and source a cheaper energy deal with just a few details from the firm to help them enjoy better business electricity and gas rates.
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8 Mar

How to Find Cheap Business Energy Prices

by Simon Thompson
 
It is surprisingly easy to find cheap business energy prices and for organisations they can save thousands of pounds from their costs. Indeed, businesses both large and small will be able to make substantial savings by simply switching business energy suppliers. The process to finding a cheaper energy supplier is simple though it may require some haggling to find the best possible deal. Obviously, the amount of money a business can save depends on its size and energy usage. The Competition and Markets Authority has carried out a survey and found that 40% of firms have never switched energy suppliers which means they are probably paying more than they need to. These firms particularly could save huge amounts from their energy bills every year. Average business energy bill being paid The average business energy bill being paid by small business is around £4,000 on gas and £5,000 on electricity every year. However, finding a like-for-like business energy quote is a tad difficult since energy suppliers will offer bespoke prices to a business. In addition, should the organisation be looking for business energy gas suppliers then they will need to find a separate quote for each fuel type. That’s because energy suppliers cannot provide dual fuel deals unlike the type we can get for our homes. So, while there are business energy comparison websites available that will give the organisation a good idea of the potential savings to be made, the prices offered may not be the prices the firm actually gets to enjoy. Compare cheap business electricity supplier prices To compare cheap business electricity supplier prices, the firm will need a breakdown of their standing charges and unit rates which will help making a comparison easier. For smaller businesses, that is those firms employing less the 10 people, they will be provided with prices being offered by competitors to help make the switchover process easier. The idea is to increase competition within the business energy market so that firms can enjoy lower prices and better deals as a result. Also, organisations should be wary about moving onto a rollover business energy contract since these will be more expensive, usually, than the tariffs on offer for new customers. While it may appear to be troublesome and time-consuming to switch suppliers, finding a better business energy deal will reap its own rewards since the savings can be substantial. This means that overheads will be lowered and profitability will be boosted as a result. Comparison website for cheap business gas and electricity prices So, armed with some basic information, an organisation can check a business energy comparison website for cheap business gas and electricity prices to get an idea of benchmarking for the prices available. Once the organisation has a firm idea of what prices are being charged, they will then need to contact the supplier directly to discuss their bespoke deal. There also needs to be at this point, however, a word of warning because if they verbally accept an offer then the contract will last for a year and there’s no ‘cooling off’ period for business energy contracts. During discussions, organisations may also be tempted to fix into a longer-term contract in order to enjoy a fixed energy rate; with the prospect of energy prices increasing, this may be a sound business decision. It should also be appreciated that firms cannot switch suppliers mid-term and have to wait until there’s a window of opportunity when the contract is due for renewal. Find great business energy deals It’s also possible to find great business energy deals by contacting energy brokers who understand the market and can access the most suitable deal for a business. The other important aspect to remember about business energy contracts is that should the organisation not find a new supplier they may move onto a rollover contract at more expensive prices. It really will pay to put some effort into finding lower prices. Also, with the growing popularity for people to work from home while starting a business, they may be wanting to know whether they can access lower business energy prices to help reduce their costs as well. However, there are rules over accessing a business tariff and for those working from home will need to prove that most of their energy is being used for business purposes; ideally, they should be using at least 50% of the energy on business purposes. If they do not meet the criteria, then for a home-based business it will pay to source lower domestic energy prices instead.   For those firms who would like to know how much they can save from their cheap business energy prices for the price of a phone call, then they should contact the team of helpful experts at D-Energi.
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