With non-commodity elements now making up between 40-50% of electricity bills, and with many of these costs being associated with the evolving energy policy landscape, Darren Lennon, head of strategic sales at npower, explains how a new wave of ‘Fixed: Certainty’ tariffs will help UK businesses accurately budget for the years ahead.
With energy bills increasingly becoming a bottom-line cost for the UK’s major energy users, it is not surprising that we have seen energy enter the boardroom debate. A key topic among this debate is accuracy and transparency when it comes to budgeting for energy bills.
In today’s marketplace, energy bills contain so many unpredictable costs – from commodity prices that can change hourly, to transportation and network charges influenced by a whole host of elements. It’s these variables that can make a real impact on a business’ margins.
Taking into consideration the flexes in government policy, as well as commodity costs, we have worked behind the scenes to develop a tariff that will support our customers in the ever-changing market. We have designed a tariff to meet the needs of the board, provide budget certainty for the duration of fixed contracts and deliver a promise not to reconcile against costs that are agreed as fixed.
For our electricity customers, this includes the Feed-in Tariff and Renewables Obligation, both having caused problems and volatile bills for businesses in the past. As a result, fixing these costs will enable companies to have a clear and stable monthly budget for energy.
The new tariff, launching on 7 July for our industrial and commercial business customers,
is available across both power
Whether you are partnered with us or another supplier, you can find out more about the Fixed: Certainty tariff and discuss the new product with our dedicated team at firstname.lastname@example.org