There has been a crucial change to the business energy supply market and all firms and organisations will soon have to appreciate what P272 to means for them.
That’s if they haven’t already undergone the transition which came about in October 2014 when Ofgem approved P272 which demanded that all business electricity meters be migrated to the Half Hourly market.
Essentially, this means that a business with a non-half hourly profile class electricity meter will need to change it.
The aim is to bring industry efficiencies which should deliver lower energy bills for businesses along with other benefits.
Find out whether your firm or organisation is affected by P272
To find out whether your firm or organisation is affected by P272 then they will need to check the non-half hourly electricity meters to see if they are in the Profile Class 05-08.
By doing so, the energy sector can monitor for actual consumption of energy from the data it receives every half-hour through remote communications with the meters.
That’s for larger firms and for smaller organisations the metering system delivers a ‘load profile’ which tells the supplier what the firm’s energy consumption has been for a given half-hour from the previous patterns of usage.
This half hour delivery of data will also lead to lower and more accurate bills which will help to counter any minor inconvenience switching meters may bring.
Ofgem’s enthusiasm for P272
Another reason for Ofgem’s enthusiasm for P272 is that the switch will also encourage firms to move their usage of energy to cheaper periods which will help lower bills and smooth out levels of peak demand.
By doing so, a company can also reduce their costs because energy suppliers are offering lower tariffs for those who can change the energy usage periods.
Ultimately, this will says Ofgem, lead to a more balanced and secure supply of energy thanks to the data provided by the P272 half hourly meters.
It’s a simple check to find out whether a business is already on half hourly, or HH, meters and they can do so by checking their bill to see whether the ‘electricity supply number’ box in the left-hand corner has the numbers 05 – 08 in it.
Finally, while the scheme to move business energy meters to the half hourly system began in November 2015 it is scheduled to be completed by April 2017; this means all firm should have made the switch by then.
For more help and advice about P272 and how to gain a better and cheaper tariff for a business, contact the experts at D-energi.
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With the prospect of energy prices rising means many firms and organisations will be looking to find a cheap business energy supplier in a bid to mitigate rising costs.
This makes sense since having cheaper energy means profitability will be boosted but few firms take the trouble to find a cheaper energy supplier.
Even though the process of finding a new supplier for business energy is much simpler, many firms tend to remain with their current supplier on a rollover contract basis.
One startling statistic revealed by the Competition and Markets Authority in 2015 revealed that 40% of UK businesses have not bothered to switch their energy supplier in the last five years which means many could be overpaying by huge amounts.
Looking for cheap business electricity deals
It’s important to appreciate that for any organisation looking for cheap business electricity deals that they are straightforward and quick to find.
While many firms may undertake an Internet search to find a new supplier, it is much easier and quicker to use an organisation that looks at the entire market to find the best deal and tariff for the business.
It’s also important to appreciate that business energy suppliers do not have a one size fits all approach to their energy prices, unlike domestic suppliers, so they will be needing more information so they can tailor a suitable tariff.
Find cheap business gas suppliers
In addition to finding cheap business energy suppliers, many firms will be looking to find cheap business gas suppliers for their heating needs, for instance.
That’s because energy firms will supply electricity and gas separately and may offer a dual billing arrangement; they can even supply different tariffs for different premises. Some suppliers will also offer green energy deals for those who want to do their bit for the environment.
While many firms could undertake the process themselves and ring around several potential business energy suppliers to find the best deal, which may take some haggling and negotiation, they will inevitably save money.
The amount to be saved will vary depending on the business’s size but the potential can be huge; some firms will save thousands of pounds every year by simply switching energy suppliers.
So, for those businesses looking to find cheap business energy suppliers then contact the experts at D-energi who can offer impartial advice and find a cheaper deal for the business to save money on their bills.
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For many firms, the challenge to switch energy suppliers will inevitably lead to big cost savings compared with their current bills.
The process for switching is straightforward so there is little excuse for a business not to investigate the market to find a better deal and save money.
Unfortunately, most business people are tied-up in their daily tasks to undertake this process and when they do, they will be confronted with a wide range of suppliers and an even wider range of deals and tariffs.
This inevitably means lots of firms and organisations will remain with their current supplier and simply ‘roll over’ their contract without finding out whether this offer is the best available.
Best way to undertake an energy switch
So, the best way to undertake an energy switch is to find an organisation that understands the entire business energy market and appreciates that the best deals change frequently and they will know which will offer the best service.
This will mean contacting the experienced team at D-Energi who have all of this information at their fingertips and will be able to find the best deal in most cases.
Some organisations may also be afraid that their energy supply will be interrupted as they switch energy suppliers but this is not going to be the case and the energy supply will be uninterrupted so the business will be unaffected.
Firm looking to switch energy suppliers
There’s no doubt that for a firm looking to switch energy suppliers will have lots of questions about a new supply deal but the main aim is to find a supplier offering a great tariff that saves the organisation a substantial amount of money.
Also, while it may appear to be easy to use an online site that claims to have the latest deals it is unlikely they compare the entire market since business energy suppliers often tailor their tariffs to a business’s own needs.
The best way of getting a better deal is to have some recent bills to hand as well as the meter number so that a prospective energy supplier will know what the firm is using and then tailor a deal to suit this need.
For a business that simply does not have the time to spend making lots of calls to business energy suppliers, then it’s easier to make one call to the helpful team at D-Energi to learn more about the process to switch suppliers.
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For anyone who is looking to search for the best business energy suppliers will find this is easier said than done.
That’s because the number of firms looking to supply energy is quite large and the options they offer is also huge since there’s no ‘one size fits all’ approach and a deal will be specifically tailored to the business’s own needs.
This means it is not that easy to find the business energy supplier charging the lowest rates and whether a larger supplier is going to be better than a smaller one.
There’s also the question of whether the business is looking to combine their gas and electric business suppliers and some firms may also be looking for someone to supply green energy.
Find business electricity suppliers
So, while a business will need to look at suppliers, they may also need to conduct a separate search to find business electricity suppliers, for instance.
Many people running businesses are tied-up with running it on a daily basis and will find it difficult to spend even a small amount of time in sourcing a new business energy supplier.
The easiest way to analyse the entire market and find the best possible deal is to use experts in the field which will mean contacting the team at D-Energi.
Business gas suppliers
That is because business gas suppliers may offer different deals depending on the needs of their customers and these deals change regularly.
Indeed, some firms may find it cheaper and easier to deal with separate gas and electricity business suppliers while others will find it easier to deal with a single business energy supplier for all of their needs.
It’s also important to appreciate that what a business needs from its energy supplier will be very different from what they will be needing at home since many organisations will be spending much more on supplying their business energy needs than for their domestic demand.
This means it’s important that a business is not overpaying for their energy use and, sadly, many firms do not renegotiate their business energy deals every year and simply remain with their current supplier even though this will probably not be the cheapest deal available.
By switching suppliers, a firm will be saving a considerable amount every year which will help boost profitability so for more information and help on what’s available when it comes to finding the best business energy suppliers they should contact the team at D-Energi.
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