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Published byErica Manning Modified over 9 years ago
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How to Side Step the Energy Giants
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1.Background on the energy markets 2.Historic prices and forward price curves 3.How suppliers get their pound of flesh 4.How to procure energy effectively 5.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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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 Walsh CEO Zenergi Ltd 76 High Street, Lyndhurst, SO43 7BJ 023 8028 6300 bepositive@zenergi.co.uk www.zenergi.co.uk
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