Electricity & Gas Meters Supported Meter Types Domestic Credit – Direct Debit and Pay on Receipt of Bill (payment methods). Domestic Pre Payment –

Slides:



Advertisements
Similar presentations
Energy Best Deal Gas and electricity prices are rising but there are ways to cut the cost of your energy bills. Make sure you’re getting the best energy.
Advertisements

A business makes payments for what it buys, In return it receives payments for goods it sells or services it provides.
The Consumer Council is an independent consumer organisation, working to bring about change to benefit Northern Ireland (NI) consumers. Our aim is to make.
Fiona Hannon Energy Action Fuel Poverty Conference 2014
Understanding Private Loans Default Prevention. Agenda  Essential loan language  Variable rate language ♦ Types of indexes  Language for all types.
Home Energy Scotland Kenneth Fraser Technical Advisor – Private Sector Landlords.
Introduction   Business Scenario Finacle CBS Process Overview Key Terminologies Step by Step Process Demonstration Summary.
Copyright Big Energy Saving Network 2013 Session objectives To explain:  payment and tariff options  fuel bills and the annual statement  how to switch.
Greening Your Electricity: How you can choose clean energy March 2nd, 2015.
Too Many Hurdles: Information and advice barriers in energy services – Response to Recommendations Presented by Amanda Nolan 20 th July 2011.
August Energy Best Deal Gas and electricity prices have risen but there are still ways to cut the cost of your energy bills Developments in the.
Choosing the right deal for you Dual fuel Getting your gas and electricity from the same supplier Many suppliers offer a discount if you opt for dual fuel.
Energy Efficiency Obligations, and other thoughts… Dave Kirwan Chief Operating Officer.
Tackling Fuel Poverty - The Neath Port Talbot Experience Neath Port Talbot Welfare Rights Unit.
Tackling fuel poverty in rural areas What can be done? Kath McDaid NEA Regional Co-ordinator Yorkshire & Humber Region.
Section 7-3 Computing the Costs of Credit
Confidential. Smart Metering Solutions PRI has a complete portfolio of interoperable smart metering solutions to provide benefits to both the consumer.
Cutting your energy bills by making your home more energy efficient Energy suppliers are obliged by the government to offer you help in doing this So contact.
Energy Best Deal Gas and electricity prices are rising but there are ways to cut the cost of your energy bills: Make sure you’re getting the best energy.
Lessons from Winter 2014 Preparing For Winter 2015 Amanda Noonan Director, Consumer Affairs NH Public Utilities Commission.
Working Capital Accounts & Finance. Learning Objectives Define working capital and explain the working capital cycle Prepare a cash flow forecast from.
How do I know if I need to switch supplier?. What information do I need to know before I can compare energy prices? My usage (kWh) and costs (£) for energy.
Fuel Poverty: Eating or Heating?. Welcome Carol Hopkinson - Money Matters Adviser, CHS Group Lorraine Payne - Financial Education Manager, CAB Cambridge.
Energy Switching for Private Landlords Community Switch Supported by.
Energy Best Deal Gas and electricity prices are rising but there are ways to cut the cost of your energy bills: Make sure you’re getting the best energy.
Tackling Fuel Poverty in Coventry David Shiner Domestic Energy Efficiency Manager.
Marketing Executives’ Conference Counterbalancing Rising Rates – Managing the Customer Impact Fred Stoffel Vice President, Marketing Xcel Energy October.
Access to Funding and Grants for Landlords. LOFT AND CAVITY WALL INSULATION Under current CERT funding: tenants may be eligible for insulation measures.
Credit Cards Know what you’re getting into…. Pros  Convenient  Easy to Track  Consumer Protection  Special Services  Rewards (Points/Miles/Credits.
Energy Best Deal Paying for your gas and electricity can be expensive, but there are ways to cut the cost of your energy bills: Make sure you’re getting.
Energy Best Deal Gas and electricity prices are rising but there are ways to cut the cost of your energy bills: Make sure you’re getting the best energy.
Solar, according to Click
Introduction to Real Estate Finance
Money Trek Project Module 3: Credit Cards
Offering Hope & Delivering Help
Energy Best Deal Paying for your gas and electricity can be expensive, but there are ways to cut the cost of your energy bills: Make sure you’re getting.
Welcome to Paytm, the largest mobile commerce platform of India
Federal Income Tax Debt
Severn Wye Energy Agency Warm & Well
CHAPTER SEVENTEEN Consumer Loans, Credit Cards, And Real Estate Lending
Severn Wye Energy Agency Warm & Well
How it Works Firm Generates Contract Firm Sends to Client
Energy, according to Click
4.5A Credit card statements
Credit Card Statements
Economics Unit 3 Investing and Saving
Module 2 – 2degrees Plans & Offers
Unit 3 Personal & Business Finance
Energy Best Deal Paying for your energy bills can be expensive, but there are ways to cut the cost: Make sure you’re on the best energy deal Get help from.
SunPower Residential Financing
Payment Methods and Bank Reconciliation
Avoiding the Credit Trap
Understanding Credit Cards
Big Energy Saving Network
CHAPTER SEVENTEEN Consumer Loans, Credit Cards, And Real Estate Lending
Knowledge Organiser Effective Financial Management
Bank On It.
Electric Ireland: Offering Innovative Customer solutions to help tackle Fuel Poverty John Dwane Customer Operations & Regulation Manager.
Financial Literacy: Credit Cards
Preventing and Managing Fuel Debt
What is a Credit Card Statement?
Big Energy Saving Network Frontline workers
Solar Together Update of scheme for ALEO East 18 October 2018
POLICY Credit Control Policy Review Public Participation 2019
Wind Development & Policy Options
Smarter Energy and Vulnerability
Chapter 7 Credit Cards.
SMART ENERGY GB.
Presentation transcript:

Electricity & Gas Meters Supported Meter Types Domestic Credit – Direct Debit and Pay on Receipt of Bill (payment methods). Domestic Pre Payment – Meters which require topping up. This will be done using a top up key/ card. SMART – Can be used as either credit or Pre Payment. The supplier can communicate directly with the meter to obtain meter readings, send credit/ debt and change the tariff code.

Transfer Process Energy Switching When a customer signs up for a product with Spark they will receive a 14 day cooling off period – this means we cannot order any energy supplies during this time. Once the 14 day cooling off period has been completed and no cancellation received – both supplies will be ordered for +15days.

Our new tariff range Here’s the summary A change in terminology Strictly Private and Confidential © Copyright Spark Energy 2015 Our new tariff range Here’s the summary A change in terminology We have four core tariffs Variable and fixed options Different payment methods within each tariff Refreshed model for lettings

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs… Tenant Saver (Variable) Tenant Saver (Fixed) Direct Debit Advance Monthly Premium More options We have four core tariffs and within each there are a variety of payment methods, so we can offer more choice and better value to all of our customers.

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs… Tenant Saver (Variable) Saver (Fixed) Direct Debit Advance Monthly Premium Variable ‘evergreen’ tariff Rates can go up as well as down The default on boarding tariff for all COTs and lettings channel customers - monthly initial payment method will be monthly bill Pay by Direct Debit, Monthly bill or PAYG

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs… Tariff Description Tenant Saver (Variable) Tenant Saver (Fixed) Direct Debit Advance Monthly Premium As per current with no late payment fees, unlikely to attract new customers onto this tariff. Tenant Saver (Variable) Saver (Fixed) Direct Debit Advance Monthly Premium Prices fixed till March 2018 Slightly cheaper than Tenant Saver (Variable) End date aligned with tenancy TUWY option (no exit fees) Pay by Direct Debit & PAYG

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs… Tariff Description Tenant Saver (Variable) Tenant Saver (Fixed) Direct Debit Advance Monthly Premium As per current with no late payment fees, unlikely to attract new customers onto this tariff. Tenant Saver (Variable) Saver (Fixed) Direct Debit Advance Monthly Premium Variable tariff Rates can go up as well as down Pay by Direct Debit only Pay a month in advance Cheaper than Tenant Saver (Variable)

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs… Tenant Saver (Variable) Saver (Fixed) Direct Debit Advance Monthly Premium Variable tariff Rates can go up as well as down Pay by cash / cheque / card with monthly bill You can move to Tenant Saver (Variable) paying by cash but must have zero arrears after 28 days

Tenant Saver (Variable) Strictly Private and Confidential © Copyright Spark Energy 2015 Four core tariffs – pricing Tenant Saver (Variable) Saver (Fixed) Direct Debit Advance Monthly Premium Payment methods: DD £1,149 DD £1,040 DD £1,058 MCC £1,577 MCC £1,226 PAYG £1,100 Note Prices shown are for an average dual fuel user. PAYG £1,230

Saver Fixed March 2018 Prepayment Meter Strictly Private and Confidential © Copyright Spark Energy 2015 Saver Fixed March 2018 Prepayment Meter Price fixed until 31st March 2018 No Exit Penalties Take Us With You New PAYG Devices within 5 days before your supplies switch

Government Schemes Green Deal, Warm Home Discount, SMART Meters Green Deal – a government scheme where properties were given government funding to assist with the installation of solar panels, cavity wall insulation etc. Warm Home Discount – a government scheme where the property will receive £140 off their electricity bill throughout the year. Not everyone applies and not all suppliers are part of this scheme. Smart Meters – unfortunately at this time Spark cannot switch over smart meters as the meter would lose the smart functionality and would be placed in “dummy mode”.

Coming Soon - APP Key messages Roughly 3x profit growth expected with improved service, diversified offering and derisked operations. Risks are now external (Ofgem, PR and political): we are well represented about small and unwilling to become distracted. Margins remain tight and subject to risks. Diversifying offering, building efficiency / generation and protecting the core channel remain key Alternative trading arrangements and exit strategies / options become considerations