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Business Energy Questions – Is saving money important to your business?

April 12, 2013 Leave a comment

Is saving money important to your business?

It would appear that not all businesses are actually keen to save! Astonishing really. They are too busy in their pursuit to ‘make’ money, yet sweep under the carpet their business overheads until it’s often too late to make decent savings. Those niggly bills that come around but once a year, requiring time and effort in dealing with them. We concur, we empathise with you. They are a nuisance, it does take time to find the best deals, however, given a little time and effort, you can make substantial savings. Don’t sweep this overhead under the carpet, face up to it and act now!

Of course in my line of work I would say this. I am an energy broker, or intermediary if you like, helping to facilitate the process of attaining the best energy rates possible. If you aren’t prepared to do it then I will take on board the role of your energy manager. Not only this, but I will make sure of the following:

  • Prevent you from rolling onto ‘out-of-contract’ rates at renewal time.
  • Find out what your current contract situation is (if indeed you’re in a contract).
  • Find out current tariff rates and annual consumptions.
  • If you don’t know who your supplier is, I can find this out.
  • Help with the process of installing a new meter (even a Smart or Half Hourly meter).
  • Resolve issues with your energy supplier.
  • Put you in contact with associated partners, who can help review and improve your energy efficiency, the aim being to lower your consumption and ultimately your expenditure.
  • Provide communications throughout to keep you informed and up to date.

Yes, we do undertake these tasks for our clients where and when required. Many simply don’t have the time or knowledge to deal with it and would rather outsource to someone such as myself, who will take the hassle away from them, yet work for them and with them.

Ask yourself these questions:

  1. Do you know how much energy your business consumes per year?
  2. Do you know how much you spend per year?
  3. Do you know how to reduce your energy consumption?

If you answered ‘NO’ to any of these questions, then our response would be ‘we can find this out, let us help you’. This is what we do, this is what we are here for. Don’t waste your precious time calling your energy supplier, hanging on the telephone for half an hour or more, only to then be passed on to another department. We can get direct to the appropriate person.

When renewing your energy contracts, what’s important for you and your business in terms of your energy supplier requirements?

  • Price
  • Quality of service
  • Fixed prices, fixed term
  • Budgeting
  • Improving energy efficiency
  • A managed service
  • Speed of processing

I suspect that for many, the top priority is price. The lowest price possible, I know that’s what I would certainly want. I also suspect that quality of service would be a distant second…perhaps. If you’ve previously had bad experience of a particular supplier, then you’ll want to switch away from them, making sure that you review customer ratings of the other energy suppliers, for their customer satisfaction levels. But how about considering the other requirements too.

A specialist in this area, such as myself, can assist with these requirements for you. Arranging fixed price, fixed term contracts so that you know exactly what you should be paying over the duration of that fixed term period, which will help with your budgeting. Nowadays with energy prices only ever seeming to rise, we should be reviewing our consumption habits and considering ways by which we can  improve energy efficiency and reduce our consumption, ultimately reducing your expenditure. Our managed service will help to keep you on top of your energy expenses. If you’re a multi-site business, could we align renewal dates to a single date – yes. If you are a property management company dealing with multi-meters (communal block) on a single site, we can review and align these. We can help with smart metering, extremely beneficial for multi-sited businesses, that require meter readings to be taken on a regular basis. With smart meters, you don’t need to visit each site. You simply log on to your computer, open up the online facility and review your energy consumption for each and every smart meter you have. You’ll have the ability to break it down to half hourly data. The speed of processing is due to you taking advantage of our service and being able to navigate to the appropriate people in a timely fashion and letting us address issues on your behalf.

We will challenge the existence of the costs and whether they are necessary. Our aim is to reduce your costs wherever possible, to the lowest prices. We will re-negotiate with your existing supplier as well as other suppliers for best rates.

One of our new services for tendering, is to provide you with a ‘Reverse Auction’ bidding process. We will submit your business energy details and renewal offers (if applicable) to several energy suppliers, who will then bid for your business, by attempting to offer the lowest rates possible, bettering the other suppliers. This is a fairly new approach to procuring your energy rates, but one in which:

  • will produce lowest rates
  • A large range of suppliers tendering
  • transparency of associated costs

All businesses need assistance in some form or other. Not everything in your business can be performed by you, which is why you seek out the expertise of others.

  • Does a builder do ALL the work themself? No, they will bring in experts – plumbers, carpenters, electricians etc.
  • Corporations will bring in auditors, contractors, project managers, I.T. firms etc.

It should be the same for one of your businesses largest expenses – your energy bill. Businesses focus predominantly on increasing turnover and making profit. But what about reducing overheads? Will this not increase your turnover?

Do you use an accountant, gardener, cleaner, restaurant or local take-away? All cater for tasks that you could do yourself , however, you don’t have the time to spend doing, the time to understand what to do, so you use these services. Throw in our service to this list. We have the time, the knowledge and expertise to undertake your energy procurement & energy management requirements. 

Businesses focus predominantly on increasing turnover and making profit. But what about reducing overheads? Will this not increase your profit?

We will work ‘WITH YOU’ & ‘FOR YOU’.

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Energy rates will continue to rise, what can we do?

April 27, 2011 Leave a comment

With energy rates currently on the rise, it all seems like doom and gloom. Not necessarily!

We should be shopping around for the best deal, as we do for insurance. By doing this, we can obtain better rates than simply staying with the existing supplier.

By allowing specialist brokers to work for you, your time is freed up to concentrate on your main business where you will be more productive. We can navigate around the problems that are all too common, time-consuming and confusing.

What else can be done to keep our costs down? Quite simply, we need to manage and adjust our energy usage habits. Often these can be fairly basic practices, U-GET can advise with this.

Monitoring your energy usage, pin-pointing trends and anomalies and acting on this is the way forward. Smart meters are being introduced with the perception that this will cure our ineffective routine and reduce bills – not if we do nothing with our data. A simple and effective procedure is to use an Energy Monitor, clipping the transmitter to our meter and sending information to the monitor, with the data able to be viewed on your pc.

We can do something to help reduce our costs, in business and at home, even in a rising market. However, we need to take a pro-active approach to it.

Practical energy management

April 27, 2011 Leave a comment

Reducing energy use makes perfect business sense; it saves money, enhances corporate reputation and helps everyone in the fight against climate change.

The Carbon Trust provides simple, effective advice to
help businesses and public sector organisations take action
to reduce carbon emissions, and the simplest way to do
this is to use energy more efficiently.

This management overview provides practical advice
to businesses on how to identify energy waste and
implement savings. This will ensure long-term benefits
for people, the business and the environment.

Although many organisations believe energy is a fixed overhead,
it actually represents one of the best opportunities for saving money.

For a copy of this guide or any others, please email:

info@u-getconsultancy.co.uk

U-GET Consultancy Services, ‘The Solution to your Energy Problem’.

April 27, 2011 Leave a comment

The Problem

  • Is my business paying too much in utility costs?
  • Does my business consume a lot of energy?
  • When did I last check my energy rates?
  • Am I on the best tariff available?
  • Why should I spend valuable time calling suppliers when U-GET will do it for me?

We all want to pay the least possible for products and services. Often the research can be tiresome and when you don’t understand the industry and service, you can be left even more confused!

The Solution

How would you like your energy bills to be reviewed, for FREE, to find you the best rates from the market?

Our goal is to save you as much money as possible.

Our experience helps our customers to avoid:

–       inflated rates

–       additional charges

–       pitfalls the utility sector has in store

With winter just around the corner and rising energy prices, now could be a good time to switch.

Contact U-GET today, to see what we can do for you.

The Problem

COULD YOUR BUSINESS SAVE £000’s BY SIMPLY SWITCHING ENERGY PROVIDERS?

  • · Is my business paying too much utility costs?
  • · Does my business consume a lot of energy?
  • · When did I last check my energy rates?
  • · Am I on the best tariff available?
  • · Why should I spend valuable time calling suppliers when U-GET will do it for me?

We all want to pay the least amount for products and services, making savings where possible. Often this can require tiresome research and when you don’t understand the industry and service, you can be left even more confused!

The Solution

How would you like your energy bills to be reviewed, for FREE, to discover the best rates and providers from the market?

Our goal is to save you as much money as possible.

Our experience helps our customers to avoid:

– inflated rates

– additional charges

– pitfalls the utility sector has in store

With winter just around the corner and rising energy prices, now could be a good time to switch.

Gas and electricity prices: How are they calculated?

April 27, 2011 Leave a comment

The BBC have today published an article that provides slightly more information than normal, as to how our Gas and Electricity Prices are calculated and why they rise.

The message that the article is attempting to convey, is that our energy prices are based on market prices, not just from today or yesterday, but a range of prices over the past days, weeks, months and even years. The reason for doing this is to mitigate the risk that they could potentially face.

As an example, take today. An energy supplier will not purchase all it requires the day before, or even on the day. The reason for not doing so – the volume will not be achievable and prices may be high. It is a HIGH RISK strategy, that no energy company or will take. Instead, they spread their risk over time.

So the example in this article shows that the gas price in July 2008 was 100p/th, for delivery in the fourth quarter 2010. However, in spring 2010, it was below 40p/th. The point here being, that energy companies would have purchased some of the higher priced gas to cover their position. Therefore, this price is factored into the overall costing that we now see today. If the purchase prices are high, then ultimately, the energy companies will have to raise their prices.

Something else to consider, that this article doesn’t mention, are the transmission costs. These too affect the retail price.

How U-GET can save your business £££’s

April 27, 2011 Leave a comment

Following on from my last post: “I love spending money on my Energy Bills!” I wanted to back it up with case studies.

It is surprising, even today, when we are bombarded with adverts about comparing this, that and the other (including Meerkats), that some businesses still don’t search out the best deals, quotes, rates etc for whatever service they are seeking at that particular time.

Nowadays, there appears to be very little reward for loyalty. The only rewards out there, seem to be for new customers! That being the case, then it really does ‘pay’ to shop around. As I referred to in the previous blog, there are reasons as to why people don’t do this. For me, my job is to help people attain these savings, through a direct, independent and impartial service from the various energy companies.

At U-GET we work for you, building a trusting relationship and allowing you to concentrate on your key business requirements, whilst we aim to cut your costs.

One property management company saved over £3000, through the utilisation of our service. How was this achieved? Well, they weren’t in a contract and by not being in one, were subject to ‘deemed rates’, which are normally far more than fixed contract rates. By moving them onto a contract, we attained these savings for them. This level of savings, wasn’t even for a particularly high level of consumption, either!

Another example has seen a saving in the 10′s of thousands of £’s. Again, simply due to the client being on an ‘out-of-contract’ tariff.

What many people do not realise, is that when you receive your renewal letter (often 3-4 months before the end date/renewal date), you only have a certain amount of time (as indicated on that letter from your supplier) by which you need to let your supplier know whether you will remain with them or move away.

‘Forget to notify them by this date and they will lock you into the tariff for the time & rate that they specify

At U-GET, we take care of this, preventing you from falling into this ‘trap’.

You need to act promptly to your renewal letter, or if you wish, contact us at U-GET and we can find out your renewal & termination dates, note them and respond to them accordingly.

You’ll not have to worry about getting caught in that trap and yet, have the peace of mind, knowing that U-GET will be working for you, to achieve the lowest rates possible for your business.

Is your energy bill correct?

April 27, 2011 Leave a comment

Millions of households in the UK could find that they are not paying the right amount for their energy, according to new research.

A survey of over 2,000 people by YouGov for uSwitch.com revealed that almost three in ten households have been billed incorrectly by their utility provider in the last two years.

Indeed, 40 per cent of households, representing around 10.4 million properties, have unexpectedly owed money to their supplier owing to discrepancies between estimated and actual bills.

The average amount of money owed to providers is £147, an issue that would not always arise if meter readings are regularly given, a job carried out by 72 per cent of households.

“Inaccurate bills are no laughing matter for consumers who can end up out of pocket and wasting time and effort trying to resolve billing blunders,” commented director of consumer policy at uSwitch.com, Ann Robinson.

Some smart meters can help consumers receive accurate bills by showing real-time energy use, while new rules that require utilities to estimate annual
energy bills can help consumers organise their finances and prepare for the cost.

Posted by Mark Stephens

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