Your Charges are Changing - Where to Start?

Most of you will notice charges on your energy bills, the most common being the standing charge that is a daily rate agreed at the signing point of your contract, but where do all these charges come from and what are the future predicitions?

BSUoS, CfD, DUos, TNUos, RO, kVa, CCL and FiT are some of the more commonly listed charges on an energy bill. In a word full of acronyms its no wonder they are hard to understand. It’s not just what you are paying for but how, why and when these charges will change.

As a broad overview charges are split into 3 sectors - wholesale costs (commodity price), network costs (transmission and distribution charges) and government obligations (environmental and social tariffs).

Charges can make between 50-70% of your energy bill sometimes this figure can be a lot higher especially if you have minimal site useage but high kVAs. Checking your charges and understanding what you are paying for is a good start but finding the right supply contract to fit your business use is just as important.

Charges can change yearly and just as you get used to one a new charge will arrive and an out of date charge system will be dropped - this usually happends in April but can vary depending on elections or other governing factors.

Often prices are secured long before they are made easily avaliable to the public - often upto 14 months in advance and as the start date becomes closer the more accurate cost predictions can be.

One thing is for sure is that there is more and more visability in the market on charges and there origins. For us as an industry this is a positive thing - for you as a business if your DUos are getting mixed with your TNUos get in contact and we can check your business is paying what it should when it should not just for your supply but with regards to your charges too