Prices for commercial use electricity

[singlecoil]

I've recently taken on an industrial unit, and I've received a letter from Atlantic Electric and Gas saying that they have set up an account in my name and now want me to fill in a credit application form. Seems a bit like bolting the stable door..... bit that's not what this post is about. At the end of the letter they tell me that all units are charged at 9.53p, and that the standing charge is £17 per quarter.

Funny thing is, the previous occupiers were beng charged less, I have a copy of their last bill, 14 Sep 2007 to 19 Dec 2007, 8.26p and £14.01 respectively.
What is the panel's advice?

TIA

[JustinP1]

The price of electricity has risen since December.

[Davel]

Do you have to buy off them or can you shop around?

[edb49]

9.5p ain't bad!

[singlecoil]

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

[Simpo Two]

Well I suppose if they're shipping it across the Atlantic...

[edb49]

singlecoil said:

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

Well, I buy 4m kwh/year... admittedly not at 9.5p, but I like to think I've got a finger on the pulse of the market

[singlecoil]

edb49 said:

singlecoil said:

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

Well, I buy 4m kwh/year... admittedly not at 9.5p, but I like to think I've got a finger on the pulse of the market

So how much are you paying? and who are you buying it from?

[Smiler.]

Mine is 8.20p per unit ex-VAT with SSE.

[edb49]

singlecoil said:

edb49 said:

singlecoil said:

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

Well, I buy 4m kwh/year... admittedly not at 9.5p, but I like to think I've got a finger on the pulse of the market

So how much are you paying? and who are you buying it from?

It gets a lot more complicated

You have standing charges, peak demand charges, availability charges, then at a minimum day and night units. Not forgetting CCL. I think they work out our bills on the NASA supercomputer

We're buying at 11kv, which is considerably different to LV.

[Smiler.]

edb49 said:

We're buying at 11kv....

Blimey, is that a factory?

[edb49]

No, we have a contract with the US Gov't for electric chair outsourcing.

[Smiler.]

edb49 said:

No, we have a contract with the US Gov't for electric chair outsourcing.

[singlecoil]

edb49 said:

singlecoil said:

edb49 said:

singlecoil said:

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

Well, I buy 4m kwh/year... admittedly not at 9.5p, but I like to think I've got a finger on the pulse of the market

So how much are you paying? and who are you buying it from?

It gets a lot more complicated

You have standing charges, peak demand charges, availability charges, then at a minimum day and night units. Not forgetting CCL. I think they work out our bills on the NASA supercomputer

We're buying at 11kv, which is considerably different to LV.

But you must have had some basis on which to say that 9.5p isn't bad?

[JustinP1]

singlecoil said:

edb49 said:

9.5p ain't bad!

That's still more than 15% increase. I think I would have heard about it if electricity prices had risen that much generally

Well it was national news...!

Prices for new customers and most old went up 15% in one jump at the end of December. npower started then the rest followed suit...

Google is your friend!

http://www.uswitch.com/news/energy/JanMar2008/npow...

[tobeee]

http://www.electricity4business.co.uk/home/default...

From their website... "Let's use the example of a sandwich bar or newsagent with refrigeration for drinks and ice creams using an average of 30,000 units of electricity a year. If its electricity contract was renewed in mid 2006 when energy prices peaked, the company may well be paying more than 17p per unit now and indefinitely until the contract is cancelled. The current average price with electricity4Business is around 6.4p. That means the shop's electricity bill is £5,100 a year when it could be £1,920."

Edited by tobeee on Tuesday 19th February 14:00