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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

D-ENERGi is a real alternative to the big six energy suppliers.

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

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24 Aug

How to Compare Business Energy Prices Per kWh?

by D-ENERGi
 

When you are looking at your business energy bills it is important to remember that although there are a wide variety of costs that go into making them up, the two critical ones are:

  • Standing charge. The fixed amount you are charged on a daily basis, regardless of how much energy you actually use
  • Unit rate. The price you pay per unit of energy used, usually shown as kWh – these are the costs that will vary each month

But what do you need to know when you are looking at business energy prices per kwh?

What does kWh mean?

kWh is the abbreviation of kilowatt-hour – a measure of energy that is equal to 1000 watts being used for an hour. Every appliance that is used in a business has its performance measured in watts, and you should be able to find the wattage of an item on its packaging or label.

What is the average cost of electricity per kWh?

When we are looking at business electricity rates per kWh the rates paid tend to vary by region, but the average cost within the UK is around 14.40p per kWh. This compares to around 20.58p per day on average for the standing charge within the UK – although again there are differences in regions.

How do energy providers use kWh information?

When your chosen energy supplier is calculating your energy bill, they will look at how many kWh of electricity and gas you used over a set period of time and then multiply this by the price per unit set in your agreed tariff.

They will also multiply the number of days covered by the billing period by the daily standing charge and then add this cost to your kWh cost to come up with the total amount owed.

What other costs are included in your business energy bill?

On top of the costs of the standing charge and kWh price, you will probably also pay taxation costs such as VAT (at a rate of 20%) and the Climate Change Levy (CCL) as well. This is why when you are comparing business energy suppliers it is best to compare the cost of your annual bill rather than just the rates.

You may find a supplier with a cheaper kWh price, for example, but they may then have a higher standing charge which you have to pay. If you use your consumption data for the past year as a guide, you will have a much better idea of overall costs.

If you are looking to compare energy prices then the best way to do it is to contact the D-ENERGi team. You don’t need to waste any time going from supplier to supplier to find the best quote, we will take care of all of that for you.