Posts Tagged ‘energy’

Potential new levies for those with half hourly electricity supplies

Tuesday, October 10th, 2017

The way businesses use energy is continuing to come under scrutiny particularly those larger energy users out there.

Ofgem started the process with the introduction of the P272 legislation. This changed maximum demand supplies (those with a profile number of between 05 and 08) to become half hourly supplies. Part of the rational behind this was to increase transparency in when energy is being used and when not.

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Why are energy prices increasing when wholesale cost isn’t?

Thursday, September 7th, 2017

Energy price increases like to be sensationalised by the press. They usually cite the fact that wholesale prices have dropped as proof of profiteering.

Don’t get me wrong I am not one to back the energy suppliers and their price increases. However, there are other circumstances to take into account apart from their desire to increase profits.

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Changes to how your energy supply will renew

Tuesday, January 17th, 2017

Back in November 2015 we told you about the snappily titled “P272” legislation that was being brought in by Ofgem. This would affect anyone who had a Maximum Demand Supply – click here for that article.

WHATS CHANGED?

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Brexit and Your Energy Bills

Tuesday, July 12th, 2016

It is fair to say that following the EU referendum just about everything has been in turmoil, and energy prices, which are so often volatile, have not escaped this uncertainty.

In fact following the country’s decision to Brexit our energy prices are nearing a nine-month high as various doom-laden scenarios are mooted. The fact that there was a uneasiness about future supply long before we Brexited has only added to the woe and to an increase in prices.

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Secure your low energy prices whilst you can

Tuesday, February 23rd, 2016

 

With energy prices at their lowest for a number of years now is the time to act and secure savings before expected increases come through later in the year.

The energy “price cut” headlines have been doing the rounds for the past few weeks. However, these current reductions do not herald the start of long term lower prices, they are merely a blip before the uncertainty of future supply and proposed new supply and distribution charges will push prices up once again.

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Energy Efficiency Starts With Being Smart

Wednesday, February 3rd, 2016

Led lighting, solar panels, PV panels, biomass boilers, building control systems, ground heat pumps, wind turbines…….. The number of energy efficient solutions within the market place today is vast and confusing, but if this is your bag are you in danger of putting the cart before the horse?

Every energy efficiency solution is backed by reams of data proving the amount of energy you can save which is great, but if you don’t understand what energy you use now then how can you measure the energy you save in the future?

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Landlords Beware! – new EU regulations to protect tenants

Wednesday, January 13th, 2016

As with a lot of EU Directives these days another one has slipped in with, what seems, the hope of catching out the unwary and imposing penalties on them for non-compliance!

This time the targets are landlords, both residential and commercial, and the directive in question is the snazzy named Heat Network (Metering and Billing) Regulations 2014.

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What is P272 and does it affect me?

Thursday, November 5th, 2015

P272 is the name for a new Ofgem regulation that will affect how electricity usage and charges are calculated in future for certain supplies.

The regulation will only affect you if your supply is Profile 05, 06, 07 or 08, often called Maximum Demand Supplies. Check the MPAN supply number on your bill. Look for a letter “S” followed by two rows of numbers, and if the first two digits on the top line are 05 – 08 you are affected.

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How is your electricity price calculated?

Tuesday, July 21st, 2015

The general perception about electricity prices is that the price you pay is just made up from the wholesale cost of the electricity plus the margin your supplier adds to that price.

Whereas these elements do create some of the cost the wholesale price of the electricity is sometimes less than half of the overall price you pay.

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What is P272?

Tuesday, June 9th, 2015

The intriguingly named P272 is a piece of regulation that was introduced by OFGEM in October 2014 that is due to come into force in April 2016. It relates to those businesses who have what are called maximum demand meters with an automatic meter reading meter (Smart meter) fitted.

The regulation states that from April 2016 these supplies must be settled on the same basis that Half Hourly meters are using actual Half Hourly (HH) consumption data. This means settlement using an industry wide forecast to allocate electricity volumes to each suppler.

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