How To Compare Business Energy Tariffs
Posted on Apr 13, 2023
Finding a business energy tariff that meets all your requirements isn’t always an easy task. Equally, sourcing an energy supplier who offers the service and products that align with your business needs and values is just as important. When shopping around for energy tariffs, much like any other contract you may need to sign for your business, it is imperative that you pay attention to a number of factors. Taking time to understand exactly what it is you will be receiving from the supplier and how much this could potentially cost your business.
Establish what your business needs from an energy supplier
The first step to finding the right business energy tariff for you is to make sure you understand exactly what it is that you are looking for. You should look at factors such as how much energy your business uses, whether or not this fluctuates throughout the year, and also if there are any specific needs your business has in terms of usage type. For example, if you are a business that relies heavily on electricity for production then it might be worth looking at a supplier that offers competitive rates for high-usage customers.
Consider your sustainability policy
In continuation from the first point, if your business is looking for ways to reduce your carbon footprint, it may be a good idea to pay closer attention to business energy suppliers that align with your values. For example, reviewing the products and services of renewable energy suppliers and those who support the shift away from the use of fossil fuels.
Compare the available tariffs
Once you’ve established your needs, you can start to compare the different business energy tariffs available from suppliers. You’ll want to look at a few figures. The first is the unit rate or p/kWh, which is how much you will be charged for each kilowatt of energy used. You should also look at standing charges, which is a set fee that you have to pay no matter how much energy you use. Finally, make sure to check any cancellation terms and exit fees that may apply in addition. These are often overlooked but these have caused many businesses issues later down the line, if not closely considered before signing a new energy contract.
Read customer reviews and ask questions
Customer reviews are a great way to get an honest opinion on the energy supplier you are considering. Take the time to read both positive and negative reviews before making a commitment. It’s also worth getting in touch with their customer service team to see how they handle queries, or even better if you can speak to one of their existing customers. This will give you greater insight into the level of service that the supplier provides and whether it is suitable for your business.
If you struggle to communicate with one of the bigger energy suppliers available, it may be worth considering a smaller supplier who can provide their business energy customers with more time and commitment.
At D-ENERGi, we are a real alternative to the top 5 energy suppliers in the UK. Offering our business energy customers a unique, individual customer experience, taking into account your specific business needs. To get a quote for your business energy, simply get in touch with a member of our friendly customer support team.
What is P272? P27what? You aren’t alone in the dark about P272. P272 is regarded as one of the biggest shakeups to the business electricity market since deregulation. Sounds more like a character out of star wars, but here are some facts on P272, which we have put together hopefully jargon free. If you unsure on how P272 affects your business please do not hesitate to contact us for free on 0800 781 7626, we will be delighted to help you further. You may also like to view our infographic and visit our support page dedicated to the P272 OFGEM legislation.
The Facts – What Is P272
P272 is a new regulation which has been implemented by OFGEM. It affects the way suppliers settle electricity consumption for businesses with a specified energy use. Resulting in sites being changed to half hourly.
Remember, remember the 5th November… “Guy Fawkes?”. No, no… this is when the P272 migration began! The deadline for all sites to be settled to Half-Hourly is 1st April 2017. Don’t be fooled by the date, it really is 1st April! Also, don’t be put off by the 2017 threat – it’ll be here before you know it!
The settlement is being put in place in order for suppliers to balance the amount of energy being purchased from the Generators. The aim for P272 is to make the readings more accurate via the half hourly consumption. This will provide distributors with more understanding on electricity use. This results in networks ensuring they are sufficiently developed and maintained.
Ultimately, P272 helps you and your business manage and also use the energy smartly. It gives you the opportunity to see where and when you are consuming energy. Also, a more accurate settlement which could lead to better tariff rates… something nobody would say no to, agreed?
Now you (hopefully) have a little more understanding of P272 here is how to prepare:
Learn if your portfolio is affected.
Speak to your supplier, they will be more than happy to explore your options with you.
Select your Half-Hourly Meter and Data Collector.
If your business has a maximum demand electricity supply categorised by profile classes:
05 06 07 08
And you have an Automated Meter Reading meter of which is capable of HH data collection and remote programming. Just to let you know… 160,000 sites are affected so it is definitely worth double, maybe even triple checking!
“How do I check?!” I hear you say? Simple… you just check the S number at the top of your electricity bill to find out your sites profile class.
Believe it or not, P272 can be very beneficial for you and here’s why:
You receive accurate billing
It offers you the ability to avoid peak times of electricity use
It gives you an insight on your energy usage
It allows you to make room for an opportunity of improvement and efficiency
This is an OFGEM regulation affecting ALL maximum demand meters and ALL electricity suppliers equally. If you’re being advised P272 does not affect your business, please let us double check this for you.
A Russian rocket blasted into space this month to investigate whether any methane gas is present on Mars, as part of the joint ExoMars project created by the European and Russian space agencies.
Methane is a gas created by living microbes, and if it were to be detected it would be a revelation in the space industry as it could prove that life exists or existed on the red planet, some 225 million kilometres away from the Earth (which is itself something of a shock, given that in 2003 Mars was a mere 56 million kms away).
We already know there is life-giving water on Mars. Just like the Earth it has ice caps, although the water they contain is more elusive. The American space agency NASA made a huge discovery in 2006 when it found there was water flowing through the planet in even the hottest months of the year, and that the ‘lines’ that appear on our satellite images of Mars are streaks of flowing salt water.
That’s when the questions ‘did life exist on Mars, and can we find out?’ really started to arise.
The ExoMars project involves sending up a Trace Gas Orbiter to sniff the Martian atmosphere for methane, and if the results are positive then this would establish that methane has been generated via geology or a biological process.
As part of the same mission, a stationary lander called Schiaparelli will test the technology for a subsequent mission – ExoMars 2018 – which will see a UK-built rover collect soil samples filled with water particles and drill below the planet’s surface to look for other signs of life. That’s when the search for Martian life will start in earnest.
These two projects combined will cost an eye-watering £900 million but isn’t it worth it for the chance to make one of the biggest discoveries of all time? What a time to be alive!
Planetary scientist Dr Peter Grindrod, from Birkbeck, University of London, who is funded by the UK Space Agency, certainly thinks so. “It’s incredibly exciting,” he enthused. “This is a series of missions that’s trying to address one of the fundamental questions in science: is there life anywhere else besides the Earth? Finding that life exists elsewhere in the solar system would be a huge discovery, so the evidence has to be strong. As they say, extraordinary claims require extraordinary evidence.”
Wouldn’t it be amazing to find out if there really is Life On Mars, or if there has been in the past. It’s astonishing to think there could be more than just us Earthlings in our solar system!