Business electric standing charge
Discussion
Mine went from 70p per day to £7 per day. I had installed LV lighting and done my best to get consumption down and changed to green energy, then apparently OFGEM gave the providers the green light to up their standing charge to cover the supply they maintain and provide from the SC rather than consumption. No one to be able to appeal to as OFGEM set this rate.
mattybrown said:
Mine went from 70p per day to £7 per day.
I had installed LV lighting and done my best to get consumption down and changed to green energy, then apparently OFGEM gave the providers the green light to up their standing charge to cover the supply they maintain and provide from the SC rather than consumption. No one to be able to appeal to as OFGEM set this rate.
I had installed LV lighting and done my best to get consumption down and changed to green energy, then apparently OFGEM gave the providers the green light to up their standing charge to cover the supply they maintain and provide from the SC rather than consumption. No one to be able to appeal to as OFGEM set this rate.
Correct - Cost of green energy subsidies mainly responsible and more recently, another steep standing charge increase to recover the cost of bailing out customers of all those failed small energy suppliers.
Was it OFGEM who gave licences to those start-up providers?
Looks as though OFGEM take no responsibility for their actions and cannot loose.
Edited by Jon39 on Friday 13th October 11:36
bigtime said:
Should have said I am with EDF. My kwh cost is 39.21p.
Purely out of interest, I wondered what my own costs are.
The unit charge seems considerably lower than the figure that you have quoted, so therefore the question is, are commercial prices higher than domestic ? If so why, because business must on average use more electricity ?
Domestic electricity tariffs, even with the same supplier, still vary according to the old nationalised geographical areas.
I have two contracts with Octopus Energy (figures including VAT).
28.10p / kWh.
45.57p daily charge.
26.85p / kWh.
52.32p daily charge.
Edited by Jon39 on Friday 13th October 11:57
Jon39 said:
Purely out of interest, I wondered what my own costs are.
The unit charge seems considerably lower than the figure that you have quoted, so therefore the question is, are commercial prices higher than domestic ? If so why, because business must on average use more electricity ?
Domestic electricity tariffs, even with the same supplier, still vary according to the old nationalised geographical areas.
I have two contracts with Octopus Energy (figures including VAT).
28.10p / kWh.
45.57p daily charge.
26.85p / kWh.
52.32p daily charge.
Edited by Jon39 on Friday 13th October 11:57
Domestic customers use power (and gas) willy nilly, so they are much harder to profile (outside of the normal 6-10pm consumption).
bigtime said:
I have a few units that I use for storage and only use around 120kwh of electricity a year as hardly put the lights on. I know it's not going to save me a fortune but I am paying 60p per day standing charge on them. Does anyone know o, or are paying a much cheaper standing charge?
If you don't need lighting for long, and using only 120kWh a year, I'd be inclined to cancel the supply and use a torch or mobile lighting when required. Just because there is a supply to a property, there is no requirement to have it 'energised'.
Geoffcapes said:
Jon39 said:
Purely out of interest, I wondered what my own costs are.
The unit charge seems considerably lower than the figure that you have quoted, so therefore the question is, are commercial prices higher than domestic ? If so why, because business must on average use more electricity ?
Domestic electricity tariffs, even with the same supplier, still vary according to the old nationalised geographical areas.
I have two contracts with Octopus Energy (figures including VAT).
28.10p / kWh.
45.57p daily charge.
26.85p / kWh.
52.32p daily charge.
Your cost per kWh for a business will be less than a domestic rate, mainly (but not always) because energy companies know when they will be supplying you with power (and gas). They can then factor that into their generation profile.
Domestic customers use power (and gas) willy nilly, so they are much harder to profile (outside of the normal 6-10pm consumption).
But the figures that I posted (domestic tariff), show it the other way around Geoff.
Your point would indicate that the OP is paying (business tariff) way over the expected amount.
Jon39 said:
Geoffcapes said:
Jon39 said:
Purely out of interest, I wondered what my own costs are.
The unit charge seems considerably lower than the figure that you have quoted, so therefore the question is, are commercial prices higher than domestic ? If so why, because business must on average use more electricity ?
Domestic electricity tariffs, even with the same supplier, still vary according to the old nationalised geographical areas.
I have two contracts with Octopus Energy (figures including VAT).
28.10p / kWh.
45.57p daily charge.
26.85p / kWh.
52.32p daily charge.
Your cost per kWh for a business will be less than a domestic rate, mainly (but not always) because energy companies know when they will be supplying you with power (and gas). They can then factor that into their generation profile.
Domestic customers use power (and gas) willy nilly, so they are much harder to profile (outside of the normal 6-10pm consumption).
But the figures that I posted (domestic tariff), show it the other way around Geoff.
Your point would indicate that the OP is paying (business tariff) way over the expected amount.
If anyone is paying over 30p for their business tariff is certainly paying way more than they should for their energy.
Ed.Neumann said:
I got a quote of 24.3p/kw from EON a few weeks back for 2 years and jumped on it.
That is 30p a day standing charge.
Considering the prices I had been quoted over the last 12 months I'm glad I held out.
Are you a big user? We're with EON and they've declined to quote our renewal (through a broker) as they say they will only take on commercial contracts over 500,000kwh per year! Our use is just under 200,000.That is 30p a day standing charge.
Considering the prices I had been quoted over the last 12 months I'm glad I held out.
The new quotes I've got (SSE or Engie) are at least 14% higher than I've been paying the last two years! Not only have the rates gone up, but the monthly fixed charges have doubled too.
This is for a contract starting March 1st. Not sure whether to hang on, or it's just going to keep getting worse...I would not normally do this, but we install voltage optimisers that reduce electricity usage by approx 10% in commercial locations. Some of our big clients are going to be saving tens of thousands a year. It won't help with the SC but when you reduce consumption costs by 10%....
(Again, apologies if my post is a bit salesy, not meant to be, I just thought it would be useful)
(Again, apologies if my post is a bit salesy, not meant to be, I just thought it would be useful)
RicksAlfas said:
Are you a big user? We're with EON and they've declined to quote our renewal (through a broker) as they say they will only take on commercial contracts over 500,000kwh per year! Our use is just under 200,000.
The new quotes I've got (SSE or Engie) are at least 14% higher than I've been paying the last two years! Not only have the rates gone up, but the monthly fixed charges have doubled too. This is for a contract starting March 1st. Not sure whether to hang on, or it's just going to keep getting worse...
No, estimated annual usage is 18,000kwh. The new quotes I've got (SSE or Engie) are at least 14% higher than I've been paying the last two years! Not only have the rates gone up, but the monthly fixed charges have doubled too.
This is for a contract starting March 1st. Not sure whether to hang on, or it's just going to keep getting worse...But that was direct with them, as an existing customer, and beat any broker by at least 20%.
Frimley111R said:
I would not normally do this, but we install voltage optimisers that reduce electricity usage by approx 10% in commercial locations. Some of our big clients are going to be saving tens of thousands a year. It won't help with the SC but when you reduce consumption costs by 10%....
(Again, apologies if my post is a bit salesy, not meant to be, I just thought it would be useful)
No problem at all. It's all interesting and useful stuff!(Again, apologies if my post is a bit salesy, not meant to be, I just thought it would be useful)
(How would I know if I need one/already have one).
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