Mr. Moffitt’s Profits Times – November 2017
TARGET 2020 IS A BUSINESS ENERGY EFFICIENCY PROGRAMME THAT IS HERE TO HELP SMALL AND MEDIUM SIZED BUSINESSES IDENTIFY AND REDUCE THEIR ENERGY COSTS AND IMPACT ON THE ENVIRONMENT THROUGH THE INSTALLATION OF ENERGY EFFICIENCY MEASURES.
Severn Wye have secured funding to help 300 businesses in Gloucestershire and Worcestershire install energy efficiency measures.
The grants will contribute a maximum of 35% towards energy saving measures and could be worth £500 to £20,000.
Are Your Business Premises Winter Ready?
TO AVOID ANY PREMISES PROBLEMS THIS WINTER, WHATEVER THE WEATHER, HAVE A LOOK AT THESE CHECKLISTS BELOW.
Startup Donut have issued a checklist for preparing your premises for winter. See their article on: https://www.startupdonut.co.uk/business-premises/commercial-premises/preparing-your-premises-for-winter-checklist
Arthur J. Gallagher & Co. have issued a Winter Weather Preparedness Checklist for businesses. See link: https://www.ajg.com/media/1309728/checklist-winter-weather.pdf
Check that pipes are insulated, windows and doors are draught proofed, and that boilers and heating equipment have all been serviced. Also consider contingency plans for any flooding or emergencies and staff attendance in the event of extreme weather. Preparation is key, and saves having to deal with any costly last-minute crises that may, with pre-planning, have been preventable.
Ofgem (the Office of Gas and Electricity Markets) aims to protect the interests of future and existing electricity and gas consumers. It is independent of Government, and has issued a report discussing how far the energy markets have come for consumers in 2017.
An extract from this report states that customers on poor value standard variable tariffs typically pay £300 more than customers on the cheapest fixed-term tariffs. Suppliers rely on these higher standard variable tariffs to cover a greater proportion of their operating costs and profits than from fixed tariffs.
Four main things make up energy bills: wholesale costs (the amount suppliers pay for gas and electricity, network costs (the costs of building, maintaining and operating the transmission and distribution networks), environmental and social costs (costs of government policies to meet environmental and social objectives), and other direct costs such as administration.
To help make competition work for non-domestic customers, the CMA (Competition and Markets Authority) ordered suppliers to stop locking firms into automatic rollover contracts from June 2017. This means that suppliers are no longer able to charge exit fees or to include no-exit clauses in automatic rollovers. Customers can now give termination notice at any time.
Ofgem’s report can be downloaded from this link: https://www.ofgem.gov.uk/system/files/docs/2017/10/state_of_the_market_report_2017_web_1.pdf
If you think you are paying too much for your business energy and would like expert advice, my contact details are below.