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UK energy prices are derived from a number of drivers that either directly influence prices through cost, or indirectly through sentiment.
Cost effect is predominately the out turn of supply and demand on a worldwide basis. Sentiment is the evaluation of a risk associated with short and long term predictions that may influence all elements of the supply chain.
When looking at the raw cost of energy, the main driver of price direction is the cost of oil in US dollars. When the price changes for a barrel of oil, this in turn changes the cost of gas.
Gas in the UK is still consistently the largest used fuel in the generation of electricity, hence the correlation in pricing.
Of course, that is not the only factor that determines the price for the UK as gas is also supplied from multiple sources, such as, LNG tanker deliveries, North Sea exploration, European supplies and UK storage which will have been stored at a previous time and at a different price to current markets prices.
Energy is traded in several centres, such as TTF in the Netherlands, which trades gas.
At a local level the impact of activities across world markets will impact pricing. The strength of Sterling in comparison to the US dollar and the Euro has a direct effect on pricing.
Indirect influence comes from sentiment driven by geo-political situations where future price risks may be envisaged such as, conflicts in the Middle East or North Africa where large supplies of oil and LNG derive. Production constraints suggested or agreed from OPEC may not have any effect on deliveries but still will have an impact on market pricing.
No doubt the change in disposition of the US administration away from climate change measures will make a significant difference to future energy markets.
Within the UK we have committed to the Kyoto agreement to reduce carbon emissions by 2020 and in so doing the government has legislated across differing levels of the energy infrastructure. The majority of coal fired electricity generation has been closed in recent years pushing reliance on more renewable and less carbon emitting but arguably more costly forms of supply. In addition to this, greater levies have been imposed on the cost of each tonne of carbon produced which in turn is passed on to the end user.
Recently, with unusually windy weather, we have had more energy generated from renewable source (wind turbines, solar panels and tides) than from conventional sources. Indeed, with climate change, we have seen a slow but consistent alteration to the energy demands, in particular with electricity and so the transportation and distribution charging has been amended to reflect this through legislation which impacts the price businesses pay, especially for electricity used between 4.00pm and 7.00pm on weekdays.
How can BAS Energy help?
BAS Energy can help you prepare an energy strategy that will help you to monitor your energy usage, helping your business to become effective in energy efficiency whilst lowering your gas, electricity and water bills.
To find out more, visit our SME services page: https://bas-energy.co.uk/services/sme/save-gas-electricity/ or contact us today on 0845 1800 700.
Making a business energy efficient has never been easier. With the different types of tools, technology and energy types, you would think that more companies would be greener in the UK.
However, there are still many businesses across the country who believe the myths about being energy efficient and therefore don’t make any changes to their business to lower their carbon footprint.
We decided to find three of the most common myths about being energy efficient in an office and explain why they are JUST MYTHS.
‘Cables that aren’t in use but are still plugged in and switched on, do not use energy’ –MYTH!
This may be true for SOME cables, but the majority of them whether they be for laptops, phones, TVs, etc, do still use energy whilst being plugged in. This power is known as ‘standby power’ or ‘vampire power’ and is responsible for huge amounts of wasted energy and expensive bills in both homes and businesses!
So whilst you may think that no power is being let out, your ‘not in use’ cables are still, in fact, rinsing unnecessary energy.
We know some objects require a constant connection (router, clocks, alarms) but for any other gadgets, the solution is simple – when a device is not in use, simply turn off the plug, including those phone chargers that are not connected.
‘Keeping the heating on all the time at a low temperature will be cheaper’ – MYTH!
Would you keep an oven on constantly at a low heat even though you aren’t cooking anything? Course not, so why would you keep the heating on in a room that isn’t being used?
There are many people who believe this myth and they are wasting so much energy by doing so!
Your heating should be turned on only as and when required. If you do require a room to be heated up before it is occupied, set a timer for the heating to turn on 15 minutes before people arrive. You can also save energy by turning off the heating half an hour before leaving a building too.
Another way of saving money on heating costs is by using smart appliances in the workplace.
‘Computer screensavers save energy’ – MYTH!
Screensavers do not save energy, they are primarily there for ‘entertainment’ whilst you are not at your screen.
Not only does leaving a computer on waste energy and cost money, but it can also reduce its lifespan.
When a screen isn’t in use, turn off the monitor or shut down the computer completely if it’s not going to be used for a long period of time.
So now that you know these points are in fact myths, why not make some changes to your office and add an energy efficiency plan to see what difference it could make to your energy bills.
If you require help on your business’ carbon responsibility, visit our Carbon management and Energy Audits & Compliance page https://bas-energy.co.uk/services/corporate/carbon-management-energy-audits-compliance/. Alternatively, you can speak to a member of our team on 0845 1800 700.
Whilst there are ways BAS Energy can help a business to save money, there are also ways in which they can help themselves to be more energy efficient whilst being in the workplace.
Here are four different examples of how some businesses can save money and energy consumption:
Restaurants & Cafes
How to Save Energy & Money in Different Business Sectors - Restaurants & Cafes
Businesses in the food and leisure industry can save money on their energy by training their staff on efficiency usage measures and by installing energy efficient boilers and appliances across their kitchens and dining spaces.
They can look at green energy solutions such as biomass boilers which may be able to use waste products from the kitchens for a cyclical recycling approach.
How to Save Energy & Money in Different Business Sectors - Shops
The retail sector is a tremendously heavy user of energy where physical premises are in play.
Stores have lighting and heating requirements around the clock, so one of the first priority areas is to carry out a tariff review to see if savings can be made. Lightbulbs should also be switched to the most energy-efficient LED models.
If you have chilled units, keep them away from doors and keep them covered with blinds to prevent chilled air from escaping.
Evaporative condenser systems – rather than air-cooled condensers – are also recommended as being more energy efficient.
How to Save Energy & Money in Different Business Sectors - Offices
Heating and air conditioning is a real energy guzzler, and older systems are particularly inefficient and can also lead to health issues. Consider investing in the newer models and ask a specialist to review your premises with the view of recommending efficient heating and cooling methods.
New smart technologies can adjust the temperature automatically to optimise usage and bills. Similar technologies can be used in bathrooms to minimise water usage, such as smart sensor controls on taps. Intelligent light controls are also a worthwhile investment.
Making sure staff are turning off PC screens and electronic equipment at the end of the day should be a high priority. Action Energy, a government-funded body, estimates that £90m is wasted annually by UK companies that leave computers turned on when not in use. As well as energy and cost savings, there’s the environmental impact too, as reducing this would produce a saving of one tonne of carbon dioxide emissions a year.
How to Save Energy & Money in Different Business Sectors - Factories
Again, smart sensors can help to ensure that temperatures are optimised correctly in warehousing and production spaces, and staff training can help ensure that teams follow the correct efficiency processes and are motivated to seek out continuous energy improvements.
An energy efficiency consultant can be a valuable service to use in a larger factory as various efficiency savings may be possible, including running lines at certain times of the day, switching tariffs, using standby functions and investments such as combined heat and power installations, supply voltage optimisation and increased process automation.
Though we may have only looked at four examples here, all types of companies can benefit from making changes in the way they run their company to make savings on business energy. So if you are a small to medium sized business, why not make changes to your energy management plan and see how much you could be saving! See: https://bas-energy.co.uk for moreRadon likes this.
April is Stress Awareness Month, so we thought it would be the perfect time to let you know how we at BAS Energy, can help you reduce stress about your business energy bills.
We understand how important it is to be stress free in the workplace, especially when dealing with finances. Having a clear and relaxed mind makes it a lot easier to concentrate running a business, so we want to help our customers by taking the stresses of energy bills and queries over usage away, leaving them feeling relieved, and focused on other aspects of the job.
Let BAS Energy Help You
At BAS Energy, we can take the pressure off and help your business by searching the wholesale market to find the best business energy prices tailored to your company needs and budgets.
We have the latest leading technology that can help us to track your utilities even on multiple sites which will then be gathered into one set of online reports. We can then get a clear understanding of what your business is using and be able to recommend an energy contract that’s suitable to you.
Our Openview platform enables you to see a breakdown of all commercial energy costs for current and future contracts, on a daily basis. This allows a business to compare gas and electricity prices and find out what changes there may be in the future. This is a great way to take advantage of favourable cost conditions in the wholesale energy markets and save money on energy procurement.
We also have our online energy usage management platform - Dataview, a place where all a business' energy assets can be shown online including location, map, meter ID and type. In-line with using smart meters, corporate and medium companies can benefit from Dataview, as it simplifies the data collected, making energy consumption and cost measurements a lot easier to read and compare with.
Not only can we save on your business energy costs by searching the market for cheaper rates, we also offer invoice validation and bill audit services, which ensures your current energy providers are charging accurate prices for your usage.
So whether you're a small to medium sized business who is in need of help with saving money on your gas and electricity or saving on water, or a large corporate needing help to optimise your energy portfolio or check the accuracy of your supplier’s billing, the BAS Energy team is here to help and keep you stress free!
Securing cheaper energy contracts can be a tedious and time consuming process for a small company, but it is important to shop around. By researching the energy market, businesses could save an average savings of 30% on their electricity and gas bills. We pride ourselves on the fact that in the past 10 years we have helped over 30,000 businesses benefit from these savings.
With over 180 expert Account Managers and well established energy supplier relationships, we are constantly scanning the markets for cheaper business gas and electricity rates for our customers and your business can benefit too! If you would like more information, pleasecontact us.
The Internet of Things – Collating all your Energy Consumption Data across the Internet and Presenting it Online Mar 28, 2017
What is the ‘Internet of Things’?
The ‘Internet of Things’ describes how everyday objects can communicate with each other over the internet. You may have seen TV adverts where your doorbell can talk to your phone and you can tell prospective burglars that you are in the house, or maybe instead communicate with your smart toaster.
The phrase was coined in 1999 by a gentleman called Kevin Ashton who was working at Proctor and Gamble. He understood that sharing data over the Internet no longer required human intervention.
This implies a world of smart appliances communicating with your smart home, smart companies, and smart office.
Why is this important?
From the point of view of saving energy and controlling environmental impact, it means we can collate all our energy consumption data across the Internet and present it online. Using smart meters we can collect data from any source – renewable, electric, gas, oil etc and collate it in any format.
What are the benefits?
Our product for energy management and reduced environmental impact is Dataview. Dataview can acquire data from multiple energy or water usage sources on multiple sites.
Dataview includes a visual management display in which you can configure reports and displays. You can examine opportunities to save energy costs and reduce environmental impact. Also, you can monitor for risks of exceeding your cost and consumption targets.
Used in conjunction with our Openview energy procurement technology, using the Internet of Things gives small and large companies control of their energy assets, costs and environmental impact.
As most businesses now know, as of April 2017, those companies that have had historically an 05-08 meter now become a Half-hourly settled meter and therefore now attract metering and data collection costs.
However, the costs may not stop there as all the new meters, reportedly over 160,000, now become part of the capacity for the DNO (Distribution Network Operators) and the allotted capacity allowance for each meter is charged accordingly.
BUT, there are changes ahead that all HH metered businesses need to be aware of:
Under DCP228, Ofgem announced a change to the charging structure for DUoS (Distribution Use of System) which amends the peak period (4pm – 7pm Monday to Friday) costs by blending out the costs across the whole period instead of heavily weighting it to the RED period. This will take place as of April 2018.
YET More change, under DCP161, OFGEM are to introduce from April 2018 a penalty for those businesses that exceed their allocated capacity allowance (KVa) and this is likely to be significant.
So, those businesses that are new to the HH metered market need to be aware of their current available capacity allowance and monitor it to ensure that they do not exceed their KVa and if they are likely to, then apply to have this allowance increased. Obviously the larger your KVa, the more you are charged by the network but this is going to be considerably less than any penalty imposed.
How can BAS Energy help?
Our Dataveiw technology allows businesses to track and view their energy consumptions online. Over time, BAS Energy can then help companies to evaluate their peak usage and advise on KVa’s and whether or not the business should increase their capacity allowance for the new peak period.
Find out more about our Dataview technology and P272.
Take advantage of the changes in energy management created by P272 proposal implementation Mar 2, 2017
To quote OFGEM, the industry regulator: “The electricity settlement process set out in the Balancing and Settlement Code (BSC) places incentives on suppliers to buy energy to meet their customers’ demand” and “Suppliers have a licence obligation to supply larger non-domestic customers in Profile Classes 5-8 through an advanced meter that can record half-hourly consumption. BSC Modification Proposal 272 would require that these consumers are settled using their half-hourly data.”.
The P272 proposal that has been approved by OFGEM requires these changes to be in place by April 2017. The class number depends on the peak load factor.