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12 Sep

What is P272 and what should businesses know?

by Simon Thompson
 
For business energy users in the UK, P272 is a rule that demands that the energy supplier provides more detailed data on the business’s energy use. These are new regulations and are known as half hourly (HH) consumption data to help calculate the bill for a customer by using advanced meters for Automatic Meter Reading (AMR). It’s important to appreciate that for any business customer with AMR metres already installed then these metres will be automatically converted into half hourly meters. The result of this combination means that the energy provider, as well as the business customer, will get details of their energy costs which are retrieved on a half hourly basis. The P272 regulations Essentially, the P272 regulations were brought in by the energy watchdog Ofgem to give business energy users better understanding of their energy consumption. The result of this is that the energy provider is able to offer better services and products to help meet the business’s need which may include tariffs with better prices for the business to use energy when it’s cheaper. It also means the business has a clear idea of what they are spending on their energy costs and their data can be used for finding a cheaper energy supplier, for instance D-Energi. Some businesses may be confused about whether they will be affected by the change in regulations and the type of meter they have installed. For those who are confused, they should check their energy bill or contact their supplier directly. The easiest way is to check their supply number which will be detailed on their electric bill (this is a legal requirement for it to be on there) and will detail their profile class. Important thing to appreciate about P272 The most important thing to appreciate about P272 is that it enables the business to not only manage their costs more effectively but also manage their energy use more smartly. That’s because they will see which times of day the business is using the most energy and by having a clear idea of consumption means they should be able to access better, ie cheaper, tariffs. There is a deadline for the new half hourly meters to be installed by 1 April 2017. All meters will be billed in a new way from this date and all businesses need to be aware of this change and meet it. Just to recap about the benefits of P272: Enables a business to receive accurate bills Offers a business the ability of avoiding using electricity in peak times Gives a clear insight of the firm’s energy use Provides a great opportunity for efficiencies and improvements. For more help and advice on P272 then the helpful team at D-Energi will be able to provide more information.
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9 Sep

Find cheap business energy supplier

by Simon Thompson
 
For any business looking to reduce its energy costs then the process of finding a cheap business energy supplier is very easy. We’ve explained previously on the D-Energi blog about the issues that a business looking to switch energy suppliers should be looking for and be aware of and this article looks much more closely at how to find those suppliers. The easiest and simplest way to find them is to conduct an online search which will reveal a number of energy suppliers, including D-Energi, who will be pleased to receive you as a business customer. Regardless of whether the business looking to find a new energy supplier is large or small, it’s always good to find unbiased opinion that will bring the best price for their money and while many online comparison websites offer similar tools, the user may not know or be told that they might earn commission from referring them as a business. Understand the cheap business electricity tariffs Firstly, it’s a good idea to understand the cheap business electricity tariffs that are available and visiting the websites of the ‘Big 6’ business energy suppliers will give a good idea of what the best energy rates are and how the business could benefit. Businesses often look to set up a new energy supplier when they move to new premises but so are small businesses and start-ups who are looking for a cheap business energy supplier that will meet their needs and at a low cost. All businesses would be well advised to shop around to find cheap business electricity suppliers and also cheap gas energy suppliers and contact several to find who is offering the best deal. Business looking for a cheap business gas deal It’s also important that the business looking for a cheap business gas deal by switching energy supplier does not lose sight of the fact that they need to keep the supply of electricity or gas on which is vital to their business operation while conducting negotiations. Indeed, cheap business electricity prices make up part of the business solution and businesses should be looking for excellent customer service and deal with a friendly team. For this reason, the easiest way to find cheap business energy suppliers is to contact the team at D-Energi since we have the experience and expertise to deliver a bespoke energy solution for a business that not only meets their needs but also saves them money which will, in turn, boost their profitability as well.
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5 Sep

How a business should switch energy suppliers

by Simon Thompson
 
All businesses and organisations are looking to control their costs and with energy bills rising, and looking set to rise more quickly in the years to come, then all businesses should understand how they can switch energy suppliers. The first point is that this is a very straightforward process and the benefits of reducing energy bills will be felt immediately. The easiest way to switch energy suppliers for a business is to contact several to see what offers they have to attract you as a customer. It’s also important that speaking with more than one energy supplier will also establish a benchmark for prices and offers that can also be used as a negotiating tactic. Also, a business that’s on a deemed, or default, tariff should also appreciate that their energy supplier must take reasonable steps to tell them about other contracts that are available and how they can find more information. Businesses looking to switch their energy supplier Businesses looking to switch their energy supplier should also take regular meter readings as these will give a fair picture of their consumption over a period of time and help give a potential new energy supplier an idea of what your demands and needs will be. Before switching suppliers, a business should also ensure that they know the terms and conditions of their current contract they have with their energy supplier such as knowing when the contract ends and how much notice they need to give a supplier before switching. It should be appreciated that some business energy suppliers will detail within a contract when this can occur. Any business that is looking into an energy switch Any business that is looking into an energy switch should also ask the potential new energy supplier to explain their terms and conditions of any deal so the business understands the benefits before signing up to it. The main reason for doing this is that most business energy supply deals do not incorporate a cooling off period which is the period of time that a contract can be cancelled after it’s been signed. While it’s tempting to reduce costs by switching business energy suppliers, those looking to switch should also understand that the current supplier can place an objection to the switching to a new supplier only under strict criteria which includes having a debt with the current supplier or that switching would break the terms of a contract. However, the supplier cannot place an objection to switch suppliers if the business is on a deemed contract and if the contract itself has expired and the business is not bound by its terms. While there are lots of business energy suppliers offering interesting deals, it also pays to visit specialist comparison websites or speak with the helpful team at D-Energi for more information about how to switch energy suppliers are smoothly as possible and save money too.
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2 Sep

Reduce costs by switching business energy supplier

by Simon Thompson
 
For anybody running a small business, or any size of business for that matter, they can reduce costs by switching their business energy supplier. There’s no doubt that by putting in a small amount of effort and calling around a few suppliers, that the tariffs available vary greatly and it is possible to get a great energy deal easily. Indeed, depending on the business size, the potential savings by switching energy suppliers for a business could be substantial. According to some industry experts, a business could save several thousand pounds from its energy bill by simply switching suppliers. Considering that a small business may spend around £5,000 on its electricity bill and £4,000 on gas, there could be a large amount of money to be saved. And for a business all money saved is a boost to profitability in the success of the business. Enjoy lower business energy prices So while switching business energy suppliers is relatively straightforward and easy, it is still not a very popular tactic for a firm to undertake in a bid to cut its costs by enjoying lower business energy prices. This has been underlined by an investigation last year by the Competition and Markets Authority which revealed that around 40% of businesses in the UK had not switched their energy supplier in five years. Another surprising statistic is that 30% of businesses had never switched suppliers so they are probably overpaying hugely on their energy bills. Indeed, in one news story a firm in London was featured with an annual electric bill of £3,000 with the energy supplier increasing that to £3,500 every year. However, with a quick search of online comparison websites this price was reduced to £2,800 and then after contacting a few business energy suppliers by phone they managed to haggle this down to £2,600 every year. Paying for their business energy needs So with a few minutes of effort a small business had saved £900 on what they would have been paying for their business energy needs. For anybody who is thinking of switching business energy suppliers, it’s always worthwhile having a breakdown of rates and standing charges to compare a quote on a like-for-like basis. There are some simple steps to take to ensure a business gets the best possible deal and that is to establish a benchmark price first. This can be done by using an online comparison website for business energy costs. With this figure in mind, it’s worthwhile calling around suppliers and brokers to see who will offer the best price. Not everyone will do but it’s still worth making the effort. This is where an established popular business such as D-energi comes into its own with its friendly and helpful team willing to answer questions and providing the very best deal when it comes to firm wanting to switch their business energy supplier.
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