how to side step the energy giants. 1.background on the energy markets 2.historic prices and forward...
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How to Side Step the Energy Giants
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1. Background on the energy markets2. Historic prices and forward price curves3. How suppliers get their pound of flesh4. How to procure energy effectively5. How to avoid billing overcharges
Agenda
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Background on the energy markets
• De-regulation started in April 1990;• Split by R.E.Cs;• Now some 38 energy suppliers for electricity
and/or gas;• Energy traded on the wholesale commodity
markets – effected by world / financial developments.
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Historic prices and forward price curves
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Zenergi Tendering History
Historical Price Forward Price When Zenergi Went to Market =
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How suppliers get their pound of flesh
• Lethargy;• Use the media to their advantage (price rises);• Lack of consumer knowledge (confusing);• Automatic roll-overs (reducing);• Non issue of termination;• Timing of when to renew.
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How to procure energy effectively
• Benchmark prices with other suppliers;• AQ Consumption x rate + other charges = annual cost
• Watch out for “hidden” costs;• Pass through• Green taxes
• Internet suppliers tend to use matrices – go for bespoke pricing;
• Renew in plenty of time; 3-4 months pending what markets are doing
• Quote on flexible rather than fixed.
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How to avoid billing overcharges
• Take regular meter readings;• Especially if contract renews – catch up read• Consider AMR• Watch out for meter rolling over
• Make sure the contract rate matches the invoices;
• Make sure VAT rate is correct – impact on CCL;• Make sure you are being billed for the correct
meter!
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Thanks for listening!
Kevan WalshCEO
Zenergi Ltd76 High Street, Lyndhurst, SO43 7BJ
023 8028 [email protected]
www.zenergi.co.uk