In addition to unit charge and standing charge, you will notice over charges such as FiTs (feed-in-tariffs) CCL (climate change Levy) and Renewables Obligation (RO) on your bill. These additional charges are Levies and taxes relating to the environment and social obligations. a half hourly meter will also have additional operating (MOP) charges and [...]
A half hourly electric meter is a special type of meter (usually for businesses with higher consumption)which utilises AMR (automatic Meter Readings) every half hour. This allows you to establish patterns of usage and increased demand and consider ways to become more energy efficient or balance demand with battery storage.
A power purchase agreement or PPA is an agreement between two parties, one which generates electricity and another who purchases. These can be really beneficial to high energy users wanted to source their power from a renewable source at a competitive rate. There are important considerations before entering in to a PPA including the [...]
A Renewable Energy Guarantees Origin or REGO, certificate was developed to meet an EU requirement for all member states to record an report the proportion of electricity consumption from renewable sources. One REGO issued per MWh of electricity generated. However these certificates can be purchased from generators for as little as 50p, enabling suppliers [...]
All power supplied through the Grid comes via the same pipes, however there are suppliers who have invested heavily in renewables and some who have 100% renewable tariffs (usually at a greater cost). Some suppliers simply purchase REGOs rather than investing in technologies and generating green energy themselves.
Up to 12 months – so if the wholesale markets are low and you’re within 12 months of your business energy contract end date then it pays to look at a new contract.
If you’re out of contract, it’s unlikely you’re getting a good deal. Suppliers usually take advantage of this and increase their standing charge and unit rates significantly.
Being on the ball is key to getting the best deal. There’s usually no reward for loyalty, and in contrast there are introductory offers for acquisitions so it often pays to switch. Set a reminder on your phone for 3-6 months before contract end dates and start shopping around.
The Energy Consultant can help your business establish which steps would be the most beneficial initially and assist you with the implementation if required. We can give your business a carbon health check to highlight areas where improvements can be made to reduce your carbon footprint and make your business more efficient. [...]
COVID-19 has presented great opportunity for businesses to respond, become sustainable and ultimately more profitable. There are simple steps every business can take such as introducing bike to work schemes, continuing homeworking for staff where possible, investing in technology to assist with this. Where operations on site are resuming, now is a great time [...]