Decembers Gas Disaster – Prices Going Up!

forties pipeline

Brace yourself, things are getting a bit crazy with gas prices. We’ve seen in the last 24 hours some major problems. Mainstream media are always ready to bash energy companies over their high prices the reality is, it’s not always their fault.

Yesterday a Gas pipeline (known as Forties Pipeline) in the North Sea was closed due to fractures in the pipeline. This pipeline transfers around 40% of Britain’s Oil & Gas. It will be closed for at least a few weeks, which as you can imagine, will massively effect us.

Further to that, there was an explosion this morning (12th of December) on a Gas pipeline in Austria, which was one of the main pipelines to Western Europe.

Add to that, the coldest night of the year last night, the snow all over the place, many people staying at home. I’m going to have to advise you that now is THE WORST TIME to do a Gas contract.

If you’d like to know more or want to know when would be a good time to do your Gas, drop me an email at me@hamedadefuwa.co.uk and I’ll be sure to keep you updated.

Time To Consider A Longer Contract

contracts

Time To Consider A Longer Contract

As with all things, energy prices go in cycles. I joined the energy sector in 2014 when the market was as low as it was in 2008. Clearly I joined at the lowest end of the cycle. You all remember in Winter 2015 when the petrol price per litre was 0.98p. Now were about 13% above that. The average price per kWh has increased by about the same in that period however for customers that use energy brokers, they really notice the difference.

Although the average price has only changed by 15%, the absolute bottom line price has changed drastically in two years. Since the EU referendum suppliers put their base prices up by 1-2% every month.

If you worked with me in 2015 you would have been on 8-10pence per kWh. Now the cheapest client I have is on 10.5pence p/kWh, with the average kWh being 12pence.

The question may arise, who’s to blame? If you’re interested give me a call and we can discuss why the Governments plan to have half hourly meters in every property, domestic or commercial in the next 5-7 years is both pointless and expensive for us.

Any ways let’s forget the blame game and look to what you can do about it. Gas keeps getting cheaper as technology becomes better, we’re able to store it more cost efficiently. So don’t fix that one for 5 years, I can almost guarantee I’ll beat your current gas price now.

Electricity on the other hand is a different fish. About 30% of electricity is made from Gas. Odd thought I know but it’s true, the cost of making electricity is cheaper but the cost of transporting it and meeting these ridiculous government regulations/plans costs stupid amounts of money. I’d very rarely beat your current electricity prices unless you got ripped off previously. I’d recommend going for a two or three year price. Of course the prices might come down, but I most certainly doubt it.

Why Have Energy Prices Gone Up? – Explained Simply!

price rises

Energy prices have risen since Brexit. It might sound like scaremongering but it’s the truth. Since the turn of July, each month the prices have risen. All of us brokers hate it just as much as you do, our job is easy when prices are low.

As the GBP (£) collapsed and is now not worth as much as the USD ($), the prices for energy have gone up. Why? Raw energy (Oil, Coal, Natural Gas), before it’s been converted into energy we use, is priced in US currency all around the world. Hence it costs more British Pounds to buy the raw energy.

There are other reasons as to why the prices have gone up, winter, greed from the suppliers, EDF doing random tests etc.

Home Energy Help (Infographic)

Home Energy Help

It is not always the easiest of jobs to get your employees interested in saving energy for your business. Particularly, if they do not see any personal benefit in it themselves. Here below is a great tip for a way to encourage your staff members to save energy, both at home and in the workplace. The idea is to make saving energy a habit they get into at home as well as at work.

Download it here; Home Energy Help

Home Energy Help

Report Energy Theft

crimestoppers energy theft website

A charity called Crimestoppers has set up a new website for us to anonymously report people stealing energy. They want both businesses and the public to come forward and report energy theft, either through the website or on their phone service, 0800 023 2777.

crimestoppers energy theft website

Crimestoppers are working with all of the energy suppliers to start this hotline. Hoping to get everyone to provide information and help ‘pull the plug’ on energy crime – pun intended.

Tampered and bypassed meters are costing the big companies lots of money but more importantly, people have actually been harmed by the exposed electric current. It can even cause blackouts in some neighbourhoods.

A tragic incident occurred in Glasgow, that resulted in an elderly, housebound woman losing her life in a house fire caused by a tampered meter. She died of smoke inhalation, and her son, who lived with her, and was actually responsible for tampering with the meter, was sent to jail.

If caught stealing energy, people face a fine and up to five years in prison.

Click here to report anyone you suspect of stealing energy; www.stayenergysafe.co.uk

crimestoppers energy theft website

Please Remember To Turn Off The Light

energy-saving-sticker-lightswitch

Interested in a light energy-saving tip, that is very simple yet effective?

Interestingly, most people will do as they were told. Sounds a little odd, right? However, it’s true, they will. Something as simple as asking your employees to turn off the lights might seem annoying and pointless but trust me if you track this, you’ll see a difference. I’m not saying you’ll save thousands because you won’t.

Something as simple as asking your employees to turn off the lights might seem annoying and pointless, but trust me if you track this, you will see a difference. I’m not saying you’ll save thousands because you won’t, but even a little saving is a saving nonetheless.

Now will you always be in the toilet to remind your staff to turn off the light? Well, I’d hope not. However, one little trick that will work are these stickers. They cost next to nothing and they’re friendly. If you start telling people to boil less water or turn off lights, people might think you’re a stingy penny pincher. With these cool quirky labels, they will give the opposite impression. It creates a feeling of doing good and looking after the environment. Try it, I mean what is a few quid?

Please Turn Off The Light When You Leave
Help Conserve Energy Please ... Turn Off Lights
Please Turn It Off Conserve Energy
Please remember turn off this light
Please Switch/Turn Off Lights When Leaving
Go Green, If You Are The Last to leave The Room, Please Turn Off The Lights

Please Turn Off Washroom Lights When Not In Use

What Are Smart Meters? Should I Get One

smart meters ovo

Smart meters are a new gas and electricity meters that have been developed as part of a government scheme in Britain

A smart meter can automatically send daily meter readings to your supplier, which means your bills will be more accurate for your energy usage .

You don’t have to pay upfront to have a smart meter installed – they are paid for through your energy bills.

A smart meter won’t automatically save you money – you’ll have to be proactive to reduce your energy costs. One of the most efficient ways to do this is to use the digital ‘in-home’ display that you’ll be offered with a smart meter that tracks how much energy you’re using. That way , you can then try to reduce it.

When you’ll get a smart meter

Most energy suppliers will start offering smart meters from Autumn 2016, although some are offering them earlier.

Your supplier should contact you to tell you exactly when you can get one. If they don’t, you can contact them to ask when it’ll be possible .

Want one earlier?

You can contact your supplier to see whether they’ll install one in your home now, but they don’t have to.

You might want to shop around and see if any other suppliers can offer you one. If they do, you’ll need to switch supplier.

Be careful about asking for one early because some suppliers are not ready to install smart meters that comply with government standards (known as ‘SMETS-compliant’), but are offering similar products. These are sometimes referred to as ‘advanced meters’. If you end up getting one of these you might not get the same tools or services a smart meter has, and you’ll probably have to upgrade to a smart meter in the long run .

Ask the supplier if the smart meter they’re offering is SMETS compliant – if it’s not, it might be best to wait or speak to other suppliers.

Refusing a smart meter

You don’t have to accept a smart meter if you don’t want one. If your supplier tells you that you must have one installed, contact the Citizens Advice consumer helpline.

If you refuse one, you might find it hard to access certain tariffs. This is because in future the cheaper tariffs offered by suppliers might only be available to customers with smart meters.

One option is to have a smart meter installed but ask for its ‘smart’ function to be switched off – this means it’ll work in the same way as an ordinary meter, but won’t send any information to your supplier. You can then easily turn the functionality back on at a later stage.

If you’re worried about your meter sending daily meter readings to your supplier, you can choose to opt-out and only send one reading a month (this is the minimum your supplier will need to be able to bill you).

Your supplier might want to collect more detailed information than daily meter readings. They must get your permission to be able to do this.

Switching supplier

Once you have a smart meter, you’ll still be able to switch energy supplier as before.

However, some energy companies haven’t started installing smart meters yet. If you switch to one of these suppliers, you might lose your smart meter’s functionality. For example, you may have to start submitting meter readings again. This would stop once the supplier eventually introduced smart meters to their customers.

You should check with the supplier to make sure they currently offer smart meters before you switch.

Suppliers can’t refuse to supply you with energy because you have a smart meter.
If you’re told by a supplier that you can’t switch supplier because you have a smart meter, contact the Citizens Advice consumer helpline.

Get help

Smart Energy GB has more information about the benefits of smart meters and how they should be installed.

[Featured Image Credit: www.ovoenergy.com]