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The Energy Bill Relief Scheme

D-ENERGi would like to commend the Government Department for Business, Energy & Industrial Strategy (BEIS) and all civil servants involved working around the clock to implement the Energy Bill Relief Scheme. We appreciate BEIS efforts in working with all non-domestic suppliers over the last few weeks. We would like to take this opportunity to reassure our prospective and existing customers and clarify the following:

  • The scheme is only open to customers which have signed agreements with their suppliers from the 1st April 2022 onwards. The Energy Bill Relief Scheme comes into effect from the 1st October and a discount will be applied until 31st March 2023.
  • All energy suppliers will apply the same discount. This discount will automatically appear on your statements.
  • The BEIS department recommends all customers continue to enter into fixed price agreements as normal to shield businesses from future wholesale price increases. This way we can ensure all our customers are protected from the volatility in the current wholesale market.
  • As portrayed in some media outlets there is no price cap for businesses. The price cap is on the wholesale element price only. Please do not expect the unit rates of 21.1 p/kwh for electricity and 7.5 p/kwh for gas to appear on your bills. These rates do not include the many other non-commodity costs which make up your bill for both gas and electricity.
  • For customers who qualify for the Energy Bill Relief Scheme we kindly ask all qualifying customers to provide us with monthly gas and / or electricity meter reads until end of the scheme. This should be done ideally on the first day of the month or no later than the 10th.This will be a great help to get your bills as accurate as possible and ensure we apply the right discount throughout the scheme period.

For the latest information on the Energy Bill Scheme please visit www.gov.uk/guidance click here

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Incorporated in 2002 we have become one of the longest established and well respected UK independent businesses energy suppliers.

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28 Feb

Energy Prices in the UK: What’s the Deal?

by D-ENERGi
 

You can’t have failed to notice that there is currently an energy crisis in the UK, with business electricity and business gas prices set to rocket. Here’s what you need to know.

The energy price cap has helped to keep domestic energy rates low for the past few months, but this doesn’t apply to business energy, unfortunately. This is why there have been some wild variations in the business gas and business electricity prices that suppliers have quoted over recent weeks.

The reason why there have been recent price hikes for both business electricity and gas is due to the fact that wholesale energy prices are currently at record high levels. This is not a new situation, energy market prices are always moving up and down, but the price we are currently seeing are really high and also quite volatile, making it difficult to predict what they will be from one day to the next, never mind in twelve months’ time.

Why are wholesale energy prices so high at the moment?

The rise in energy prices is a global issue and it has been caused by some unexpected, but far-reaching reasons, including:

  • A higher than usual demand for liquefied natural gas (LNG) from Asia has led to lower LNG availability for Europe
  • An increase in demand for energy in general as lockdown restrictions have eased across the globe
  • Delays and complications with the Nord Stream 2 pipelines, linking Russia to Europe and bypassing Ukraine
  • Gas shortages across Europe in general, thanks to the prolonged cold winter of 2020/2021 which put a drain of gas supplies

 

What is affecting the UK in particular?

These reasons have put us in a global energy crisis, but on top of this the UK itself is also suffering from:

  • A fire at a National Grid site in Kent knocked out a power cable used to import electricity from France to the UK, which is not expected to be back up and running until 2023
  • Low winds mean less renewable energy generation
  • Outages at some Nuclear Power stations mean a higher percentage of gas being used for electricity production than normal
  • The fact that UK has some of the lowest gas reserves in the whole of Europe, so we have almost no way of stockpiling gas until we need it

 

With all of this in mind, what is the best way to make sure you are paying a fair price for your business energy?

Well, the best way to find the best business energy deals is to contact the expert team at D-ENERGi. We just need a couple of details from you and then we can trawl the business electricity and business gas suppliers UK to find the best tariff for your business in minutes.