For UK business owners, managing overhead costs is crucial for maintaining profitability and staying competitive in an ever-changing economic landscape. One often overlooked aspect of running a business is energy procurement.
Many businesses leave the renewal of their energy contracts to the last moment, only to find themselves facing higher costs and unexpected pitfalls. Let’s delve into the reasons why business owners should consider finding prices for their next business energy contract early – and consider the potential pitfalls of leaving it until a current contract has expired.
Understanding Market Fluctuations
To truly appreciate the importance of securing your business energy contract early, it’s essential to grasp the concept of market fluctuations. These factors play a significant role in determining the optimal timing for locking in your energy rates.
The energy market is highly dynamic, influenced by various factors such as supply and demand, geopolitical events, weather conditions, and regulatory changes. As a result, energy prices can experience significant fluctuations over time. These fluctuations can occur on both short-term and long-term scales.
Short-term fluctuations are often driven by immediate factors, such as changes in weather patterns or sudden disruptions in energy supply. These can lead to short-term price spikes or dips, which may impact your energy costs if your contract is up for renewal during such a period.
Long-term fluctuations, on the other hand, are driven by broader market trends and economic conditions. For example, shifts in global energy demand, the emergence of new technologies, and changes in government policies can all have a profound impact on energy prices over several years.
Understanding these fluctuations is crucial because they can directly affect the rates you pay for your business energy. By monitoring market trends and working with a reputable energy broker, you can better time your contract renewal to take advantage of favourable market conditions.
Why Timing is Key
Timing is key in energy procurement because it allows businesses to secure competitive prices, avoid costly deemed rates, and harness market fluctuations for maximum savings.
1. Avoid Deemed Rates and Price Hikes
One of the most significant reasons to start the energy procurement process early is to avoid being stuck on deemed rates or experiencing sudden price hikes. Deemed rates are the default rates that energy suppliers charge when a business energy contract expires without a new one in place. These rates are significantly higher than negotiated rates and can quickly eat into your budget.
By initiating the procurement process well before your current contract expires, you can secure a new contract with favourable terms and rates, ensuring that you don’t fall into the expensive trap of deemed rates. Waiting until the last minute leaves your business vulnerable to price increases in the energy market, which can be triggered by various factors such as geopolitical events, supply chain disruptions, or fluctuations in demand.
2. Benefit from Market Fluctuations
Energy markets are highly dynamic and influenced by a multitude of factors. Prices can fluctuate daily or even hourly, making it challenging to predict the best time to secure your energy contract. However, starting the process early gives you the advantage of monitoring market trends and making informed decisions about when to lock in rates.
For instance, if you start the procurement process when energy prices are relatively low, you can capitalise on these favourable market conditions and secure a long-term contract at a competitive rate. Conversely, waiting until the last minute might mean locking in higher rates during a market upswing. By staying proactive, you can align your energy procurement strategy with market fluctuations to save your business money.
3. Gain Access to Competitive Offers
Another compelling reason to begin your energy procurement process early is to give yourself ample time to explore and compare offers from different suppliers. The energy market is highly competitive, with various suppliers vying for business customers.
By engaging a broker at an early stage, you open the door to an extensive selection of offers, far beyond what you might find on your own. These brokers have access to a broad network of suppliers and can cast a wider net to source competitive solutions that fits with your organisations unique requirements. This strategic advantage can lead to substantial cost savings, as brokers are adept at negotiating discounts and incentives that align with your preferences and objectives.
Leverage the Expertise of a Reputable Broker
Navigating the complexities of the energy market can be daunting for business owners, especially if you lack the necessary expertise. This is where reputable energy brokers come into play. These professionals are well-versed in the energy market and have the knowledge and connections to secure competitive deals for your business.
Using a reputable broker offers several advantages:
a. Market Knowledge: Brokers stay up-to-date with market trends and can provide valuable insights into when to secure contracts at the most advantageous rates.
b. Supplier Relationships: Brokers often have strong relationships with energy suppliers, which can result in better terms and rates for your business.
c. Time Savings: Energy procurement can be time-consuming, but brokers can handle the entire process on your behalf, allowing you to focus on running your business.
d. Cost Savings: Brokers have the negotiating skills to secure competitive terms and rates, potentially saving your business a substantial amount of money.
e. Tailored Solutions: A reputable broker can align energy procurement solutions to your specific business needs, ensuring you get a contract that fits with your budget and energy consumption patterns.
In conclusion, UK business owners should consider securing their energy prices early to avoid falling into the pitfalls of deemed rates and price hikes. Starting the procurement process ahead of your contract expiration date allows you to benefit from market fluctuations, access competitive offers from various suppliers, and leverage the expertise of a reputable broker.
Don’t leave your business’s energy costs to chance. By taking a proactive approach, you can maximise savings, minimise risk, and ensure that your business remains financially resilient in an ever-changing energy landscape.
In today’s environmentally conscious world, reducing energy consumption is not only beneficial for the environment but can also lead to significant cost savings for businesses.
As a business energy broker, we understand the importance of energy efficiency and want to share some practical tips to help you reduce your business’s energy consumption. By implementing these measures, you can make a positive impact on both the environment and your bottom line.
1. Conduct an Energy Audit:
Begin by conducting a comprehensive energy audit of your business premises. This involves assessing the energy usage patterns, identifying areas of inefficiency, and understanding where energy is being wasted. An energy audit will help you pinpoint specific areas that require improvement and allow you to set realistic energy reduction goals.
2. Invest in Energy-Efficient Equipment:
One of the most effective ways to reduce energy consumption is to invest in energy-efficient equipment. Energy-efficient equipment may have a higher upfront cost, but the long-term energy savings can be substantial.
3. Implement Lighting Upgrades:
Lighting typically accounts for a significant portion of a business’s energy consumption. By upgrading to energy-efficient lighting solutions, such as LED bulbs, you can significantly reduce your energy usage. LED lights are not only more energy-efficient but also have a longer lifespan, resulting in reduced maintenance costs.
5. Encourage Employee Energy Awareness:
Employees play a crucial role in energy conservation efforts. Educate your staff about the importance of energy efficiency and encourage them to adopt energy-saving habits. Simple actions like turning off lights when leaving a room, powering down computers and other equipment when not in use, and reducing unnecessary printing can collectively make a significant impact on energy consumption.
6. Insulate and Seal Buildings:
Poor insulation and air leaks can lead to significant energy losses. Where possible, insulate buildings properly to prevent heat transfer and maintain comfortable indoor temperatures. Seal gaps and cracks in windows, doors, and walls to prevent drafts and energy wastage. Taking these steps will help reduce your reliance on heating and cooling systems and improve overall energy efficiency.
7. Implement Energy Management Tools:
Consider energy management systems to monitor and control energy usage in real-time. These tools provide valuable insights into energy patterns, allowing you to identify areas of improvement and take proactive measures to optimise energy consumption. Energy insight tools can automate energy-intensive processes and enable remote monitoring, enhancing overall energy efficiency.
8. Consider Renewable Energy Sources:
Investigate the feasibility of incorporating renewable energy sources into your business operations. Solar panels, for example, can reduce your reliance on traditional fossil fuel-based electricity. In addition to reducing your carbon footprint, renewable energy can often lead to long-term cost savings.
Reducing business energy consumption is a win-win situation. By implementing these practical tips, you can decrease your environmental impact while simultaneously saving on energy costs.
Conducting an energy audit, investing in energy-efficient solutions, fostering employee energy awareness and considering energy management tools are all effective measures to enhance energy efficiency.
Why not talk to us today to see how Troo can help you? Get in touch via email at email@example.com
When business owners compare business energy rates, they can often find the process complex and time-consuming. With so many suppliers and tariff options available, comparing business energy rates on your own can be overwhelming. That’s where a broker can be a valuable partner.
In this blog, we’ll guide you through the process of comparing business energy rates and highlight the benefits of using a broker to simplify the task.
1. Access to Multiple Suppliers:
Energy brokers have established relationships with a wide range of energy suppliers across the UK. This means they have access to a broader market than individual businesses, allowing them to source competitive rates from various providers. Instead of reaching out to each supplier individually, a broker can streamline the process by providing you with multiple options in one place.
2. Expert Market Knowledge:
Understanding the energy market requires staying up-to-date with the latest industry trends, regulations, and pricing structures. A reputable business energy broker has in-depth knowledge of the market dynamics and can provide you with expert guidance. They can help decipher complex energy tariffs, contract terms, and pricing structures, ensuring you make informed decisions.
3. Tailored Solutions:
Every business has unique energy requirements, and finding the right tariff can be challenging. A broker takes the time to understand your business’s specific needs, including energy usage patterns, budget constraints, and sustainability goals. With this information, they can recommend tailored solutions that align with your objectives and help you choose the most suitable energy rates.
4. Time and Resource Savings:
Comparing business energy rates independently can be a time-consuming process. It involves researching suppliers, analysing tariffs, negotiating contracts, and managing the administrative tasks involved. Engaging a broker eliminates the need for you to invest significant time and resources into these activities. Instead, you can focus on your core business operations while the broker handles the energy procurement process on your behalf.
5. Transparency and Impartiality:
A reputable business energy broker operates with transparency and impartiality. They provide you with clear, unbiased information about different suppliers and tariffs. With their industry expertise, they can explain the pros and cons of each option, enabling you to make well-informed decisions based on your business’s best interests.
6. Ongoing Support:
The relationship with many brokers often ends once you’ve chosen an energy supplier. Always look for a broker who provides ongoing support throughout the lifecycle of your energy contracts, helping you resolve any billing or service issues that may arise. A reputable broker should act as a liaison between you and the supplier, ensuring smooth communication and addressing any concerns on your behalf.
7. Cost Savings:
Ultimately, one of the primary goals of comparing business energy rates is to achieve cost savings. A brokers access to multiple suppliers and market knowledge enables them to negotiate competitive rates on your behalf. They can identify potential cost-saving opportunities, such as fixed-term contracts, flexible procurement options, or renewable energy solutions, helping you optimise your energy expenses.
Comparing business energy rates can be a complex task, but enlisting the services of a business energy broker simplifies the process and offers several benefits. With their access to multiple suppliers, expert market knowledge, tailored solutions, time and resource savings, transparency, ongoing support, and potential cost savings, a broker becomes a valuable partner in securing the best energy rates for your business.
Want to know more? Why not get in touch with us today to see how we can help you to compare business energy rates?
We can provide you with a free energy health check to see if you are being billed correctly and if there are any cost savings that can be made. Get in touch today by emailing us at firstname.lastname@example.org
The government launched their registration gateway for businesses to apply for additional levels of support under the EBDS scheme – the deadline for applications is 24th July 2023.
How Does the EBDS work?
The scheme comes with multiple bands of support to allow businesses within “vulnerable” energy-intensive industries to access a higher level of support than lower-energy consuming entities.
The EBDS base level provides some modest support to eligible non-domestic Great Britain and Northern Ireland customers on their energy bills. It’s worth noting that the EBDS baseline discount is significantly lower than the previous EBRS discount, and the support will be applied automatically.
The next band of support is the Energy and Trade Intensive Industries (ETII) discount, which provides a higher level of support to industries that rely heavily on energy use. Organisations can qualify for ETII support if at least 50% of their revenue comes from UK-based activities within a qualifying energy-intensive sector.
Check the list of qualifying energy-intensive industries to see if you’re eligible by clicking here.
How to Apply
To apply for the discount you must apply through the BEIS gateway. You can view examples and information provided on the required data by clicking here. Additionally, BEIS offers templates to help you complete your application which can be found on the same website.
Once you submit your application, the government will assess your eligibility and communicate directly with your supplier. Following this, your supplier will apply the discount to your billing statement.
Please Remember: Support is not automatic – you must apply. The deadline is 24th July 2023.
You can get in touch with our friendly customer service team with any questions you may have.
Email us at: email@example.com or call us on: 0808 164 2222
Experts forecast that gas prices in Europe will almost triple this winter. Goldman Sachs has issued a warning about a possible surge in gas prices in Europe, with prices potentially exceeding €100 per Megawatt-hour later this year.
This could lead to UK prices rising to around 260p per therm. Goldman Sachs has attributed the potential surge in prices to a combination of winter weather risks and declining conservation efforts by households, which could quickly tighten balances.
While prices in the UK are currently below 100p per therm, they are nearly double the long- term average, but still well below the high of almost 500p per therm in August 2022.
According to Samantha Dart, the head of natural gas research at Goldman Sachs, winter weather risk and declining conservation efforts by households may tighten balances enough to trigger a sharp rise in winter prices above €100.
Despite correctly predicting a fall in the price of gas through winter 2022-23, the bank now recognises that Europe’s gas stocks being more than half full could pile on the pressure.
Goldman Sachs also stated that even if industrial demand remains sluggish this summer, there is only so much capacity to store gas ahead of the heating season.
Understanding the Determination of Energy Prices
To comprehend the factors that influence price volatility, it’s helpful to have a basic understanding of how the energy market operates. The market works through various entities that regulate and facilitate trade, as well as build and maintain energy infrastructure.
The principles of supply and demand apply, meaning that the more people buy, the higher the prices; conversely, the less people buy, the lower the prices. Price changes happen frequently, which is why energy is bought in advance. These changes depend on several factors, such as market demand, its source, method of generation, season, to name a few.
The UK generates a portion of its energy, but must import the remainder. As a result, events occurring worldwide can have a direct impact on energy prices in the UK. Any global disruptions, including war, natural disasters, or political developments, may influence energy prices.
How Are Energy Prices Determined?
To determine the wholesale cost of a gas or power contract over a specific period, the market uses something known as the curve.
The wholesale energy price curve is a tool that predicts the energy price for trading at any given time, taking into consideration market information and price projections.
As expected, it typically anticipates lower prices during the summer when demand is lower, and higher prices during the winter when demand is higher. It’s important to note that the curve is dynamic and may fluctuate daily, even hourly, due to various factors such as political events, economic climate, market sentiment, weather, and more.
For example, if your contract was to start in summer 2023 for two years, the wholesale price you receive would reflect the prices on the curve for that period weighted by your estimated consumption for the period. In this example the price you receive would consider the curve prices for two winters and two summers.
It’s important to note that if you use more energy in winter than summer, your price will typically be relatively higher. Additionally, it’s important to remember that the wholesale rate is only one factor in the overall delivered price you receive on your bill. Non- commodity costs and supplier margins are also included.
Why Businesses Should Act Now
With gas prices predicted to treble and a very cold winter on the horizon, businesses with less than a year remaining on their energy contracts should take immediate action to lock in prices for their next contract.
Troo can help search a wide range of specialist business energy suppliers on your behalf, helping you to secure prices now and provide your business with stabilised utility costs.
Take control today by speaking with one of our friendly team. Call us on 0808 164 2222 or email us at firstname.lastname@example.org
At Troo, we believe in treating every customer like royalty by offering a refreshing new perspective on business energy.
For business owners like you, saving money on energy overheads is just the tip of the iceberg. The market can be daunting, and ongoing support is becoming increasingly necessary.
We blend top-tier broker services with a distinctive wrap-around customer experience that offers continuous account management throughout the entirety of your business energy contract.
You’ll get access to a dedicated customer experience team, so you get to speak to a real person every time. We’re here to help with any supplier queries, ensure correct billing, and guide you in finding the best time to renew your business energy contract. In short, we’ll treat you like a King or Queen.
Our teams know exactly how to hold a conversation with businesses but will leave out the industry jargon and communicate the information to you, from suppliers in plain language.
We are proud to say our employees are knowledgeable, friendly and will always go the extra mile. These characteristics within our teams allow customers to trust that their business energy needs are always taken care of with integrity.
Our Promises to you
We promise to make you feel like the king of your energy contract with a transparent approach, fair prices and a helpful customer service team.
At Troo, we believe that fairness is the key to building long-lasting relationships with our clients. We understand that every business has unique needs and preferences, which is why we offer a variety of contract options from multiple suppliers. Our goal is to ensure that you get the most suitable contract that meets your business requirements and budget.
We pride ourselves on our transparent pricing policy, which means we don’t charge hidden fees or add-ons. Instead, we offer clear pricing so that you can make informed decisions about the services you’re receiving. Our commitment to fairness extends to our customer service, we’re always available to answer any questions or concerns you may have, and we’ll work with you to find solutions that meet your needs.
The 2nd of our key promises to our customers is to be Transparent.
Finding the right energy deal for your business can be a daunting task. It is time-consuming and often leads to confusion and uncertainty. We understand that finding the right business energy supplier isn’t always easy.
Our team is here to search a wide range of suppliers, negotiate on your behalf, and provide practical guidance on available contract types.
As a company, we value transparency and honesty with our customers. We will never surprise you with hidden fees or use complex industry jargon to confuse you. Instead, we are committed to using plain English, making communication easy and straightforward. Our team will assist you in identifying the ideal supplier with the right product at the right time. This will give you the confidence to make an informed decision that caters to your business needs.
This is why our 3rd key promise is to be Helpful.
We understand the importance of personalised assistance when it comes to managing your business’s energy contract. That’s why we offer a dedicated customer experience team to ensure that you receive the support you deserve.
If you encounter any issues with your suppliers we’ll deal with them on your behalf, giving you more time to focus on your business.
Moreover, our customer experience team is always here to assist you with meter changes, additions, and updates. We also provide annual billing checks to give you peace of mind.
With Troo, managing your business energy contract has never been easier.
Superior Customer Service
At Troo, our customer experience team is genuinely helpful. We’ve all experienced the frustration of getting lost in automated telephone systems, trying to find a real person who can help us with our problem – and often without success.
We understand your frustration and promise to provide an easy-to-reach and friendly team of experts. Whenever you need help resolving any issues, we’re just a phone call away. We don’t just claim to be helpful; our 5-star Trustpilot reviews prove it. See for yourself why our customers love us.
We guarantee that you will always find it easy to speak to a real person when you need to, and our friendly team will always be on hand to help you resolve any issues you may have.
Talk to Us Today
We don’t just talk the talk, we walk the walk. Contact us to see how we can help you today.
Our 5-Star Trustpilot reviews are a credit to Troo and to our team.
This Earth Day think about renewables. With Net-Zero and other carbon reduction initiatives being favoured by global governments, U.K. businesses are looking for ways to meet targets to reduce energy consumption and costs.
Companies that develop a strong environmental social governance (ESG) standard, are seeing better profitability, stronger financial performance and happier employees.
We can help you meet these targets, by looking at options for onsite generation. Through our partnerships with specialist renewable energy solutions manufacturers and suppliers, we can help provide the tools and resources to make the best decision for you as well as the earth.
How can we help?
We understand that every project has its own unique needs and requirements, and we can provide the tools, resources and knowledge that you need to make an informed decision that works best for you.
We can help you and your business in various ways looking at the long term while also helping you mitigate the short-term costs, but these usually start with a feasibility study to assess the options that will work best for you and your business.
From there we can help you to plan, implement and manage your energy solutions.
A feasibility study is an in-depth study that will allow us to make better-educated recommendations for renewable options that we believe will meet the needs of your business. It is an assessment of the practicality of a project or system, it aims to objectively and rationally find the strengths and weaknesses of a proposed venture and to come to the conclusion of the prospect for success.
Smart lighting can give you the light efficiency you never knew that you needed.
By sensing the occupancy of a room or area and the natural light levels combined with cutting-edge wireless Bluetooth mesh networking technology, smart lighting can help reduce your consumption when it comes to lighting throughout your whole business.
Measurable solar solutions not only will begin to de-carbonise the world but will help your business on its way to carbon reduction. Solar power does not release harmful CO2 or other pollutants, unlike traditional electricity generators.
Installing solar panels will allow you to supplement your energy needs, reducing your dependence on non-renewable energy sources. For every kWh of energy that the solar panels generate, that reduces by the same amount that you will be needing from the national grid system.
Battery storage is a flexible energy storage solution both on and off the grid.
With low Opex, energy-dense technology, customers are able to optimise their energy objectives by storing energy and releasing it when their business most needs power. Using energy that has been produced now at a later date reduces the imbalances that can occur between energy demand and energy production.
Using Renewable Battery storage offers a wide variety of benefits and it has been predicted that it will continue increasing its influence over renewable choices in the future.
Electrical Vehicle Management Software
An intuitive system to operate your charging infrastructure.
Having charging stations available and ready at your site does not only mean your employees are able to use these but what about your company fleet?
Do you have a set of work cars, are they electric or could they be? You could save money, and time, and make a positive move for the environment by reducing carbon emissions.
As we move forward to reach Net-Zero we can offer practical strategies to rebalance your carbon impact.
Carbon is part of the natural cycle and balances that make life possible. This means that all of our actions do have a carbon footprint, however, due to the amount of carbon that is now being stored in the earth due to excess carbon being released.
One of the best ways to cut costs for your business overheads is by reducing the amount of energy that your business uses. If you don’t already consider the ways you can reduce usage, now might be a great time to start.
Lowering your energy bills is a no-brainer, it can free up money that you can reinvest elsewhere in your business. Energy efficiency will also help you to reduce your carbon footprint which is great for the planet and helps you to meet energy consumption targets.
Here are a few tips and tricks to help you along the way.
- Replace incandescent lightbulbs with LED
Replacing incandescent lighting with LEDs is an example of where a small change can make a big difference. LED lighting produces less waste light than other bulbs and lighting solutions.
If you were to replace all of the lighting in your business with LEDs, you could see an improvement in energy savings and consumption of as much as 50%-90%. By reducing CO2 emissions and efficiency LEDs will cut energy consumption within the business, and can save the company enough to cover the price of upgrading in a matter of months.
2. Turn computers and lights off properly over the weekend
Turning reception lighting and office computers off instead of leaving them on standby after working hours will reduce your consumption. There is no reason to have them on if there is no one there.
Are your staff aware of their responsibility to turn off the lights and computers when they leave? How can you encourage them to turn the lights off as well as make sure computers are off not just in sleep mode?
Switching your computer off out of hours and enabling standby features can reduce the cost of running to less than £10 a year and prolong the equipment’s lifespan.
3. Rally your team to help you save
Make sure everyone is following your lead and being energy efficient, by reminding and empowering people to act.
Changing behaviours is not always an easy task but there are ways to get employees involved and engaged to begin saving energy in the workplace.
Marketing material can be a great reminder around the office of ways to save energy, you could even get staff involved in creating an energy policy, but remember to communicate why it is important.
4. Know your business energy use and waste.
Troo can help you with this.
Troo Insight is an essential tool that helps you to understand your business energy performance. It provides insightful analytics each week, which gives you complete visibility of your energy use and any potential savings you could be making.
Troo Insight allows you to set targets to reduce energy consumption and will also calculate your carbon footprint. It will help you as a business owner plan your sustainability strategy to Net-Zero, as well as reduce overall energy usage and costs.
Contact us to learn more about Troo Insight and to have access to your real-time energy usage right across your business. We will put the power firmly back in your hands. Get in touch now email@example.com
There has never been so much discussion about Energy as in recent times, with the market full of experts, suppliers, brokers and commentators.
This already complex topic has been made even more confusing with supply shortage headlines, high prices and government interventions. What can business owners do to mitigate short term impact and formulate a business energy plans for the future?
If you, like many other business owners, are considering your options then your overall strategy needs to balance a complex and often contradictory set of objectives:
Sourcing energy in the short term
You’ll need to consider what kind of supplier to get your energy from, whether you need a long term or short term contract. and you’ll need to examine cost models and consumption forecasts.
On-site generation for the longer term view
Are you in a position to utilise technology to reduce your reliance on the fluctuating prices of the wholesale energy market? On-site generation may help you, but be sure to conduct a full assessment of how long this will take to deploy and how this might change your costs looking to the medium term. There are a wide range of options and technology solutions in the market, some will suit your business more than others.
Did you know?
The earlier you source energy contracts the better your options will be.
Reducing energy consumption
Ask yourself if smarter working could help reduce costs and increase energy efficiency for your business. After all, the cheapest unit of energy is the one you don’t use.
Spend time thinking about what reports or monitoring you’ll want to use to help you achieve this and then look into the range of products that you’ll need to deploy. This could range from something as simple as LED lighting, to heat pumps which is why a proper assessment is vital.
Reducing your carbon footprint
We can forget we need to balance out all of the above with our affect on the planet and the role we all play in reducing our impact. When looking to reducer carbon some key elements must be factored in such as how much carbon you use and identifying the most carbon intensive areas of your business.
Set yourself a target to work towards and ensure any strategy around this is sustainable and fits well with the other elements of your plan.
How do we help with your energy objectives?
Our team have expertise in all aspects. We can help you understand your current set up in more detail, allowing you to make decisions on how your energy consumption and use of technology evolves over time.
Ultimately we want to help you reduce operational costs by doing the right things.
We also understand that for many businesses, the current pressures and costs are having a significant impact. We know from our clients the pressure energy costs are putting on businesses.
Along with long term plans around on-site generation and other solutions, we can help in the short term by taking a look at your energy contracts to see if we can help make some immediate changes to help you save money.
Who Are Troo?
We are experts in finding you the best deal on your gas, electricity and water services at procurement stage, but we go beyond that and make sure we’re there for you for the duration of your energy contract.
We provide bill checking and analysis, cost recovery help (including VAT and CCL overpayments), new
meter and supplier liaison, energy efficiency advice, KVA analysis and compliance advice, all as standard.
We call this combination of brokerage and ongoing consulting assistance our ‘Troo Assure’ service, which wraps around three key promises we make to each and every customer.
We’re an independent broker who work with multiple suppliers to present the most suitable options for you at exactly the right time for the right price.
We’re clear to our customers about our business model, with no hidden fee’s and we talk to you in plain English, never hiding behind industry jargon.
We take the confusion out of dealing with Energy, providing practical advice and dealing with energy suppliers on your behalf so you don’t have to.
The energy market and the way we consume energy is changing faster than any other time in recent history. Lowering costs and consumption in a complex industry has created new challenges for rural businesses like yours. We can help.
Want to browse our website first? Visit us at www.troocost.com
From the 1st April 2023 the Energy Bill Relief Scheme is being replaced with the new Energy Bills Discount Scheme (EBDS), with the replacement scheme providing a discount on wholesale prices of electricity and gas, at a lower discounted rate.
Businesses that are more energy-intensive will get larger discounts than other business sectors, so it is important for rural businesses to understand how this affects them.
How much is the discount?
The Treasury has confirmed that bills will be discounted by:
- up to £6.97 per megawatt hour (MWh) for gas bills
- up to £19.61 per MWh for electricity
Do I qualify?
The scheme is available to all those on non-domestic contracts, including:
- voluntary sector organisations like charities
- public sector organisations like schools, hospitals, and care homes
- on a fixed price contract, agreed on or after 1 December 2021
- signing a new fixed price contract
- on deemed/out of contract or variable tariffs
- on flexible purchase or similar contracts
What do I need to do?
Some businesses will need to apply for the Energy Bills Discount Scheme. Everyone will receive the discount automatically if they qualify. However, to receive the higher discount you must apply and it’s unlikely that many businesses will fall into the higher rate category.
The old scheme protected you from increasing wholesale costs so regardless of the price of your contract you wouldn’t pay more than the government capped wholesale rate. The new scheme is discounted from whatever price you have agreed in your contract.
Where Can I Find More Information?
Troo is offering business owners a free comprehensive guide to the scheme, which can be downloaded here https://www.troocost.com/get-started/
The factsheet also contains a link to the full list of eligible businesses and details of the legislation around the EBDS arrangement.