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30 Aug

Choosing business energy suppliers – what a business needs to know

by Simon Thompson
 
Finding the best business energy suppliers is a relatively straightforward process and many firms and organisations probably don’t realise just how wide ranging their options are. While many businesses will have heard of the ‘Big 6’, such as British Gas and npower, it doesn’t always mean that they offer the best rates or even the best service for their customers. There are many smaller business energy suppliers who provide competitive prices and services as well. Indeed, just like domestic customers can do, businesses are free to choose the best energy supplier for its needs. However, with so many variables and options involved in finding the best energy supplier, a business could be forgiven for opting to use an intermediary to research the market and then conduct negotiations on their behalf. Price comparison websites for business gas suppliers There are even a number of energy price comparison websites for business gas suppliers that deliver a range of energy deals that will suit businesses of all sizes and shapes. So why should a business put up with high energy prices when the process of switching business energy suppliers is straightforward and with one or two telephone calls the savings could be substantial. Since this is an increasingly competitive market, businesses looking for a new energy supplier should take on board not just price, but also the service, friendly staff and ask how long the supplier has been in business. There are lots of smaller business energy suppliers and there are firms coming and going and others being taken over but the Big 6 still dominate the market which means they effectively get to dictate prices and contracts. Use independent business electricity suppliers However, by opting to use independent business electricity suppliers, firms will find an energy deal tailor-made for their needs. When beginning the process to compare business energy suppliers, a firm should look at how much energy they are using by monitoring their meters for usage though the potential supplier can also help put these figures together. They will also need their recent energy bills for the business to hand and they will need to give a new business energy supplier their postcode. They also need to decide when the new contract will start. We explained previously on a D-energi blog that there are some types of contract where the business must wait until the contract ends before switching suppliers but that doesn’t prevent them from checking out the potential savings they can make with a new energy supplier for business. For anybody who would like to know more information and of the potential savings that can be made by switching business energy suppliers, then contact the helpful and friendly team at D-energi.
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19 Aug

How to find the right business energy supplier

by Simon Thompson
 
Most firms are always interested in boosting their bottom line which is why they should consider choosing a better and cheaper business energy supplier for their needs. Indeed, switching energy suppliers and even setting up a new energy account as soon as a business moves into new premises can have an almost instant effect on reducing outgoings. The first thing that all businesses should do is to speak with their current supplier and find out what special deals they may offer to retain custom but the real reason for doing this is to use it as a benchmark to look at other deals from business energy suppliers. However, firms should also appreciate that if they are on a specific, or ‘deemed’, tariff then their energy supplier is obliged to tell them about other contracts that are available and how to get information for them. Firms looking to switch business energy suppliers Firms looking to switch business energy suppliers should also take regular meter readings as this will give a fair picture of their energy consumption over a given period of time and it will also help when speaking with potential energy suppliers so they can tailor a quote for meeting consumption needs. To do this, the meter has a unique registration number – it’s known as the meter point administration number (MPAN) for electricity or the meter point reference number (MPRN) for gas – and these will need to be given to a new business energy supplier. These numbers are also found on the energy bill and also on the meter itself. Before making a switch to a new energy supplier, businesses should really appreciate what the current terms of their contract are and they need to know when it ends. That’s because they may need to inform their current supplier they are planning to switch and some contracts will only allow this to be done at certain times. Discussing your business energy needs It is also important when discussing your business energy needs with a new energy supplier that they discuss the terms of the contract in detail so the customer is fully aware and happy with the terms and conditions before signing up to a new deal. Businesses also need to appreciate that a current business energy supplier could object to the firm switching to another supplier but this can only be done under specific circumstances and, more importantly, the circumstances will be detailed within the contract between the business and the supplier. Among the reasons for objecting is if the business has an outstanding debt with the supplier or they have a fixed term contract that has yet to end so they are contract-bound not to switch suppliers. However, the current business energy supplier cannot object if the business is on a deemed contract or if their contract has expired and there are no longer bound by its terms. For more information about switching business energy suppliers, contact the experts D-ENERGi  on or read more information on the Ofgem website.
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14 Aug

How has Brexit affected business energy prices?

by Simon Thompson
 
We have been looking into this as a small energy business based in Manchester. After the shock result of a vote to leave there was an initial spike in  business energy prices, and then a return back to stability after a few days. Here we look into on how BREXIT could affect your energy prices. One of the knock-on effects of the ‘Brexit’ vote to leave the European Union is that energy prices may increase over the coming months with some industry experts believing the rise will be substantial. For businesses of all sizes the added burden of higher energy costs will have a direct impact on profitability and while the UK saw the lowest energy prices for 14 years earlier this year they have grown steadily since then. More worryingly, in the weeks before the referendum took place, energy prices began to rise more quickly which illustrates how unsure of the energy market is of a Brexit. There are also issues over future potential investment in the UK’s energy market which will also have a potential impact on costs to consumers. Business Energy Prices will begin to rise for a number of reasons Businesses need to appreciate that their energy costs will begin to rise for a number of reasons and the most important being that importation costs will rise because these account for a big part of the unit charge for energy. With the rise in transportation costs, there’s no doubt that suppliers will have to increase their fixed rate deals to help cover this rise in costs. The next most important issue is the fall of sterling against the dollar which has a big impact on the price fluctuations of energy being bought – essentially, as the pound falls, energy such as oil and gas becomes more expensive as a result. And these are issues before we even reach the potential problems of a bad winter because being part of the European Union allows us access to extra storage and supplies in other member countries which gives the UK a security of its supply.   Energy suppliers will need to be more reactive   Without this security, energy suppliers will need to be more reactive and also expect to pay what could be a hefty premium for importing energy from countries outside of the EU when demand for it rises among customers. The energy sector is still in a state of flux but businesses need to appreciate also that the energy market supplying the business sector is more reactive and so it will feel any price changes sooner than the domestic energy market. Because of these questions and potentially expensive scenarios, businesses should begin looking at fixing their energy bills, particularly if they are now in their renewal window to see what rates are currently being offered by suppliers before, as many in the sector widely predict, prices will rise. By how much they will rise, no-one quite knows just as they don’t know what the economic impact of Brexit will be but by planning and preparing now for the worst, businesses can protect themselves and enjoy lower energy costs while their competitors and rivals are hit with higher energy bills which will, inevitably, effect their profitability and performance. Contact the business energy experts at D-ENERGi to find out how your firm can protect its energy bills from rising to unsustainable levels in the coming weeks and months with a free consultation.
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11 Aug

Business Electricity Quote: How to get the best prices

by D-ENERGi
 
Lets face it!  Shopping around and finding a competitive business’s electricity quote is not the most exciting subject in the world. However business electricity remains a constant high operational cost for many business’s and enterprises throughout the country. As a small energy supplier based in Manchester we know the industry inside and out. We have been helping business’s reduce their energy bills well over 15 years.  Here we will try to share and pass on some inside industry knowledge, to help you find the very best possible deals on business electricity. Fact 1 Understand when your current business energy tariff ends and more importantly it’s notice period. Before you look for a business electricity quote, you need to know your current end date for your business electricity contract. You need to know this date before you even consider shopping around. It is a legal requirement these days for your contract end date to appear on your business electricity bills.  Check your invoices for this date. Read the terms and conditions of your supplier and ensure you hand in notice pursuant to those terms.  Differing energy suppliers will have varied notice periods ranging from 120,90,60 days. If you don’t hand in notice to your supplier accordingly,  they may automatically renew your agreement. Fact 2 Know your business energy rates in pence per kwh and standing charges. So you know when your contract ends. Excellent. Now you need to understand its charges. Depending on your usage and the type of business you are.  You need to look for the cheapest unit rate pence per kWh, and standing charges. Which generally make up the largest amount on your business electricity bill. Know what you’re paying pence per kWh and the amount of standing charge you are paying. Standing charge is a fixed amount you pay per day or month, similar to the charges of BT line rental. Some energy suppliers will have no standing charge and have a higher rate on pence per kWh. Having no standing charge may sound appealing but make sure you do the maths. No standing charge tariffs generally have higher pence per kWh rates to compensate, making this a no go for higher users of electricity. Fact 3 Make sure your credit is of good standing. All business electricity suppliers will credit check these days. In order to get lowest price on your business electricity quote, your business credit has also got to be good. Knowing your business credit rating in advance can help you avoid any unexpected surprises. Business electricity quote from D-ENERGi We hope you will find these insider tips useful. As a small energy supplier based in Manchester for over 15 years we can offer you the cheapest business electricity quote with a warm personalised service, which is unique from our competitors. We offer a price match policy and more often than not we are always in the top 5 for best prices on business electricity quotes. Get My Free Energy Quote Today  or call for free on 0808 159 2721  if you prefer to chat. We have a loyal and growing portfolio of customers who love us, to learn more on us and our customer reviews view our Meet Our Customers page to see what makes D-ENERGi such a good alternative to the big six energy suppliers. Other useful pages Why switch to D-ENERGi? Business Electricity Product Page Business Energy Product Page back to blogs    
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