During the winter months, business and domestic users tend to use much more energy, including half hourly electricity. To manage this demand, the National Grid uses Triads to encourage businesses to reduce their energy consumption at peak times.
If your business is reliant on half hourly electricity prices then it is important to understand Triads and how they work, as they can have a huge impact on your electricity bill.
What are Triads in electricity?
The National Grid uses Triads to calculate how much half-hourly metered businesses will pay for their energy use over the winter months.
Triads are the name for the three half-hour periods during the winter that tend to see the most energy usage. They can happen on any day from the 1st of November to the end of February, however, they must be at least 10 days apart so that they don’t fall on consecutive days.
They usually also take place between 5 pm and 6 pm as this tends to be when energy consumption peaks for both domestic and business users – but Triads can sometimes fall outside of this window.
How do electricity Traids affect business energy bills?
Electricity Triads only affect businesses who use half-hourly electricity, which tends to be businesses that are of medium or large size.
One of the most significant costs these businesses will see on their energy bills – aside from commodity costs – is the Transmission Network Use of System (TNUoS) charge that is paid to maintain the electricity transmission system in the UK.
If your business receives half-hourly electricity bills, then your total TNUoS charge for the following year is calculated based on the amount of energy your business uses in the three half-hour Triad periods.
So, if your business tends to use a lot of electricity, ensuring you optimise your usage during the three Triad periods can make a huge difference to your annual spend. The more you can reduce your electricity consumption during the Triad periods, the lower your TNUoS charges will be for the rest of the year.
How can you reduce your Triad-related business electricity costs?
Despite the uncertainty, there is over exactly when Triads occur, there are certain things you can do to minimise their impact:
Optimise your business hours and energy consumption to minimise energy usage during the Triad period, perhaps by turning off non-essential machinery or using an on-site generator instead. You need to do a cost-benefit analysis before you do this though, to make sure any savings you may potentially make will outweigh the incurred costs
Treat every day as if it is a Triad day. Regardless of when Triads occur, you can keep your energy usage to a minimum every day by turning off lights that aren’t in use so that you don’t get hit by spikes.
If your business uses half-hour electricity and you want to see if you can reduce your bills, get in touch with the team at D-ENERGi today.
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Spending on all types of business energy, including business electricity, tends to increase in the winter months – but the team at D-ENERGi can help you to make savings.
Cover the basics
Clearly label your light switches, and encourage your staff to turn off lights when they are not needed
Position your thermostats away from places where heat tends to fluctuate, such as near machinery or in drafts
Take regular floor walks around your business to ensure no computers have been left on that are not in use.
Avoid estimated bills by ensuring your meter readings are submitted on time
Ask your business electricity supplier if you can set up a direct debit to help spread the cost of your bills – you may be eligible for a discount too
Stay Informed
Look back at your company’s past electricity bills so that you have more of an idea of how your energy use changes over the year
Look into the possibility of getting a business smart meter to help you save time and manage your energy costs more effectively – and also get more accurate bills
Get your employees involved
Communicate with your employees to raise their awareness of energy usage at work, and encourage them to share energy-saving tips
Motivate them to change their behaviour by displaying energy-saving posters or stickers around the workplace. These tend to be most effective when placed at sites of frequent energy “misuse” such as computers, kettles, and light switches
Empower your staff by encouraging them to set up an employee Green Team or have an energy efficiency champion if you are a smaller business
Set targets for company energy use reduction at the start of winter, and offer employees rewards if they help you to hit these targets
Motivate your employees throughout the business to change their behaviour by creating a fun competition – “who can save the most energy this week?”
Think about investing a little for longer-term savings
Install timer switches on electrical items, as well as presence sensor detectors
Fit energy-efficient light bulbs
Think about installing task lighting instead of overhead lighting
Update older business equipment with newer more efficient versions
Get in touch with the team at D-ENERGi now for more tips on how to save money and get cheaper business electricity rates this winter.
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One of the easiest, and quickest, ways to save money as a business is to compare business gas tariffs and switch to a cheaper one.
Research has shown that only around 33% of SME businesses switch their business energy supplier annually, which means that around 2.93 million companies are being overcharged.
D-ENERGi has made it as easy as possible to compare business energy prices to make sure you are getting the best deal possible. We help lots of businesses every year save on their energy prices by switching business gas suppliers.
We work with a variety of businesses in many different industries.
What are the average business gas prices?
It can be hard to say exactly what you should be paying for business gas. With prices increasing all the time it has never been more important to take control of your business energy bills and save money.
Business gas prices tend to depend on several factors and are often dependent on the length of the contract. For example, a business selecting a 1-year contract will likely face paying higher rates than a business selecting a 2-year fixed-rate contract.
While you may not want to tie yourself into a longer contract, the fact is they tend to offer the best prices.
How are business gas prices calculated?
Business gas prices are calculated in a different way to domestic gas prices and are affected by several different things, including:
Business location
Current spends on business gas
Energy market activity
Overall consumption levels
Size of business premises
Type of business gas meter
How do I switch business gas?
Just fill in the online form on the D-ENERGi website with some very basic details, and we will search the latest deals for the best one for you.
We then call you straight back with the best quotes from the market.
All you have to do is decide which is right for you, and switch.
Switching business gas and electricity contracts should be a priority for every business, as it could save you up to 55% on your renewal letter offer. This is why it is important to compare business electricity and business gas tariffs every year to make sure the price you are being charged is competitive. Get in touch with D-ENERGi today for your free quote.
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The cost of business energy can easily be damaging to your business if it isn’t kept under control, which is why we have created this guide to finding cheap business energy.
Most business energy suppliers will not publish a list of their tariffs as they don’t want their competitors to know too much about them, but they usually publish their deemed and out-of-contract rates.
Deemed vs Out-of-Contract Rates explained
What’s the difference between deemed and out-of-contract rates and how can they help you get a cheap business electricity deal?
Deemed rates are the name given to the rates you are charged when you have no active contract to supply your business with energy – this usually happens when you move to new business premises. The current energy supplier will assume you want to continue with an uninterrupted supply of energy and so continue to supply the property with energy, but at a much higher price than normal.
You are, therefore “deemed” to have agreed to be supplied by the previous building occupant’s energy supplier until you sign a new contract with them or switch to a new energy supplier.
Out-of-contract rates are very similar to deemed rates but they come into play when your existing contract with a supplier ends and you haven’t put a new one in place, or you are consistently behind with paying your energy bills.
How to get cheaper business energy
Comparing prices and switching your business energy supplier is probably the best way to get cheaper business energy – whether that be business electricity or business gas.
However, research has shown that only 21% of micro and small businesses switched their business suppliers last year. Meaning 79% of micro and small businesses are probably paying too much for their business energy.
This seems silly, especially when it has never been easier to compare business energy suppliers online. You can do that easily through the experts at D-ENERGi.
The important thing to remember is that you should never sign a new contract before you have compared suppliers and tariffs. Just by contacting D-ENERGi and asking us to get you a few quotes, you could reduce your business energy bills by up to 60%.
There is no one business energy supplier who comes out as cheapest for all businesses. The rate you pay is based on various things such as
Business type
Location
Profile class
Usage
This is why it is so important to compare quotes to make sure you are getting the best deal. Contact the team at D-ENERGi today to ensure you find cheap business gas and cheap business electricity quotes.
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Call for free 0800 781 7626 to speak to one of our friendly Customer Services team directly and reduce your business energy costs!