Meet Our Half Hourly Electricity Expert
Since de-regulation in April 1994 two distinct retail market segmentation's have emerged in the UK electricity markets, half hourly electricity metered sites and that of non half hourly metered sites. The retail electricity market in the UK has become highly competitive in both segments.
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Half Hourly Electricity Broker
Two distinct market trends have emerged from this as the various supply companies decide upon their chosen strategy to cope with intensive market competition. The first discernible trend is that the various participants are merging in an effort to consolidate market share and as this reaches critical mass it allows for operational costs to be apportioned over greater volumes of customers.
Secondly, suppliers are actively pursuing the business of competitors by employing aggressive pricing policies.
Half hourly electricity Meters or "00" electricity meters have a peak load above 100kW and are equipped with a ‘half hourly’ primary meter.
These commercial electricity meters cover all sites that have a large commercial supply of electricity, and the electricity meter is automatically read every 30-minutes of the day, hence the name half hourly electricity meter.
This means that total consumption is recorded every half hour of the day and night, and this information is automatically retrieved from the meter and passed directly to your contracted energy supplier ensuring your energy bills are accurate and you are only billed for the consumption that you use.
We offer an extremely competitive and comprehensive independent half hourly electricity tendering service for half hourly supplied electricity sites. Our initial research will confirm your supply details in preparation for your energy tender. We will then tender your settled half hourly meter energy contract in line with your commercial requirements with our extensive panel of half hourly electricity suppliers which covers the big 6 energy suppliers and a range of leading independent suppliers.
We will then agree a delivery date of initial offers for your consideration and provide a detailed financial comparison between your current business electricity tariff, your supplier’s best renewal offer, and invited tenders from our range of suppliers. Offers are notoriously difficult to compare with different suppliers bundling different elements together, which makes the precise cost factors very difficult to isolate.
Potential suppliers can be asked to respond to our requests by listing the various aspects of the prices and charges that are to be applied.
We will illustrate all of our findings and present this in an easy to understand report comparing like for like costings and highlighting any additional costs or erroneous conditions of supply.
Our energy experts will provide practical advice on these offers and explain any industry terminology clearly. Within our report we present our supplier recommendation based not only on price, but overall delivery of service, support levels and type of contract, and recommended length of contract.
We will support any recommendation with market price evidence to give you the confidence that you are getting the very best solution for your exact requirements. This combined solution will allow your business to select the most competitive and appropriate contract to meet your specific needs.
With a half hourly electricity supply you have a huge choice on the type of contract that will best suit your exact requirements and our team of consultants will offer practice advice and recommendations based on what they think will work best for your consumption and needs.
However, the 'convenience' element will inevitably have a cost. In general, because of the reduced risk to the supplier, pass-through contracts are likely to result in slightly keener prices. You may also have an appetite for more risk and be willing to look at the possibility of a fully flexible contract which can deliver significant business benefits. Generally speaking as a rule of thumb the closer that you can get to next day delivery purchasing then the lower the prices will be. However the same can be said for the level of risk involved as you are beholden to the market price at that point of entry, so if events have caused a sudden and rapid increase in prices then you have no other choice but to purchase energy at this going rate.
Also as a rule of thumb the larger your energy consumption portfolio the more choice of these types of products becomes available to you. With the ability to dip in and out of the market and select block of energy for forward delivery.
Because of the complexity of these types of contract we encourage an on going relationship for all of our half hourly customers. This is achieved through your dedicated Account Manager who will manage and guide your account through the various stages of the contract life cycle. This ensures a smooth journey and a great customer experience, as we work to ensure that you get the best value for money with our solution at all times. We will also provide you with our monthly market report to keep you updated with the latest price changes, or regulatory requirements that could affect your business costs. When appropriate we will also suggest an opportunity to secure future energy contracts inline with the wholesale energy market.
In addition to our monthly market report all half hourly meters along with the half hourly data provides a great source of information for improved on site energy management. All energy suppliers are required to collect this data in order to bill you accurately and they must provide access to this data. But be warned just because suppliers have to give you access to your own meter data, it doesn’t mean they should let you have it for free, with many suppliers charging an annual fee to access this information. We provide all of our half hourly customers with free access to this data in the form of a personalised consumption report for your business, which will help identify potential energy savings on site and even provide your very own carbon consumption report based on your actual energy usage.
All half hourly customers benefit from your own monthly energy reports and we provide a comprehensive diagnostic tool for analysing and manipulating your supply data.
If you are a large commercial customer on a half hourly meter you must have a contract based on readings taken each half hour period during the day. These are known as half-hourly metered contracts and the price of electricity will vary depending in part of the national demand for power at particular times in the day and seasons of the year.
These prices for each month fluctuate throughout each day as energy contracts are traded ready for future onward delivery in some long term cases suppliers and energy traders are exchanging long term contract out to 5, 10 or even 15 years in some cases. Fixed energy contract prices are made up of the monthly delivery cost over the life of a contract, for example if your contract was due to start in January and you wanted a 12-month fixed price agreement with a supplier, they would calculate the price for each moth at the current market rate, and then average these out over the 12-month period.
Suppliers then need to include additional costs for the delivery and distribution of the energy to your premises, the cost to serve your account, and of course the supplier’s margin. Only the delivery cost element is regulated by the industry regulator Ofgem, and although the costs do change periodically the supplier will allow for these changes in any contract that they provide.
Our role as an energy broker is to determine what influencing factors are effecting these short term and long term energy prices, and this could be anything, for example weather, economic factors, micro economics and even future government polices.
We use this information to assess the constantly fluctuating monthly future delivery cost of energy to determine a suitable time to obtain offers, and over what time scale to achieve the most optimum result for our customers.
In simple terms, if long term prices were lower than short term prices, it may be advantageous to select a longer term contract as this would lower the average cost over the length of your contract.
The delivery element of the contract is fixed and regulated so each supplier will simply pass the same charges through to their customers each time. We can however target the cost to serve and the supplier’s margin element of your contract though as our management of your account removes this costly element from the supplier.
We also have a very close working relationship with all of our suppliers, so we are familiar with working this to our advantage to achieve the best result for your contact and your business requirements
. It is also possible to take advantage of these monthly fluctuating half hourly electricity costs by opting to look at alternative methods for purchasing your energy. These include a range of flexible solutions that allow you to set the fixed parts of the contract and purchase the energy element separately as you require it.
These types of half hourly electricity contracts remove the price certainty that a fixed contract provides, but they can be very effective dependent on your company’s appetite for risk. You are able to purchase blocks of energy over several different periods ranging from 6-monthly, quarterly and monthly or in extreme cases even for next day delivery.
To ensure compliance customers must have appropriate metering (Code 5 or above) for a half hourly supply, which are operated and maintained by an approved Meter Operator or sometimes abbreviated as a MOP. The data from these meters must also be collected by an approved Data Collector sometimes abbreviated as a DC. A full list of the current and approved meter operators and data collectors is available from the industry regulator, Ofgem.
We provide a free and no obligation quoting solution for all of your half hourly electricity requirements. We can even bench mark any renewal offer that you may have against other supplier offers. We support your account on going and will work with you to deliver monthly energy consumption reports to help you further control and manage your energy cost for all of your half hourly electricity meters.
Total Gas & Power
Scottish & Southern Energy
LGP Lancshire Gas and Power
Crown Gas and Power
Contract Natural Gas
British Gas Business