Energy Companies

To provide you with an overview of how the gas and electricity industry works, we have done some research and found this very media friendly video produced around 2 years ago [so a little out of date but the basic facts remain the same]. It explains the way the gas and electricity network works in relation to consumers and suppliers. Worth a viewing to get an overview of the subject matter.

Whilst liberalisation of the market is an imperfect method of improving the situation for both Business and Domestic customers, this along with some legislative requirements on the part of the government has shown some improvements. Some of the regulatory bodies discussed in the film were from a Business Energy Consumer fairly toothless in terms of addressing some of the hardline tactics of most suppliers. So once again Businesses need to be smart, manage their energy carefully otherwise it will cost!
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In these ‘Straightened Times’ the newly observed behaviour of Energy Suppliers is creating concern in many circles. Whilst there patently is an economic downturn, some behaviour can best be described as over enthusiastic. In most circumstances now all Energy Contract Renewals or Transfers are accompanied by a Credit Check on the business concerned, even when staying with your current supplier.

This new found paranoia has resulted in an exuberant application of the word ‘NO!’ . Whilst not wishing to be disparaging regarding the merits of such a process, businesses are failing, it is easy for the third party credit checking organisations to err ‘statistically on the side of caution’ and say no. continue

Smart Metering is in the news today and the BBC have produced an overview of how a smart meter works in addition to their discussion on how much you can save with a smart meter. Whilst these refer to the domestic market, there is significant relevance for the business market also.

It’s a familiar story; if you can’t measure it or see it, it can be hard to do anything about it. It seems unlikely that energy prices will reduce over time, and this combined with the focus on Carbon Reduction Commitment for all, should make this a very real issue for most businesses.

Empirical research suggests that simply monitoring consumption, improves awareness and typically consumption will fall. Thus at the most basic level smart metering will help. What Smart metering will do above and beyond the basics for business is provide, up to date accurate information about their consumption.
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Following a recent investigation, Ofgem has released a new set of guidelines for implementation this autumn designed to protect small businesses by increasing transparency in contracts and agreements with energy brokers and advisors. This will reduce many of the problems faced by small businesses in negotiating deals and clarity on knowing what rights they have as a business energy consumer therefore reducing the number of complaints and hours spent resolving disputes. These changes include:
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