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LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

KVA Analysis

If you have identified a need to have your kVA usage analysed then, at Utility Team, we are here to help.

An industry shake-up in 2018 saw strict penalties introduced for companies exceeding the available capacity (kVA) on their half-hourly electricity meters. Depending on your distributor, you could pay up to four times your standard rate for exceeding limits.

Likewise, through using old data or through changing your own operations, it is possible for you to overpay for an allowance that you don’t need – potentially costing your organisation thousands of pounds each year.

Our role at Utility Team is to stop your business from being hit by these non-negotiable charges and to help you save money by truly understanding your kVA usage.

 

What is kVA Analysis?

kVA analysis is designed to specifically aid your business understand both your kVA allowance and your usage, ensuring that your allowance is in line with your business needs. If you are currently paying for more allowance than you need, then the kVA analysis will identify how much money could be saved by reducing your allowance. Likewise, if you are currently overpaying in penalties or if you are at risk of going over your allowance, then kVA analysis can identify where it makes sense to increase your kVA allowance to avoid fees.

With a valid letter of authority, we’ll be able to check if you’ve gone over your agreed capacity over the last year and offer the necessary support. Don’t be caught out – get in touch as soon as possible if you need our help.

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Reducing and increasing your Available Supply Capacity

Reducing your available supply capacity

 

Distribution costs account for a large chunk of your electricity invoice – around 25-30% – and depend on things like location, site size and Available Supply Capacity.

If you’ve moved site, you could be paying for more capacity than you actually need. Capacity Matching Projects from Utility Team makes sure the agreement you have in place with your supplier reflects your needs and can lead to huge cost savings.

It is also possible that your kVA supply has been based on past data, and if that is the case then it could be out of date. You could be paying more, over and above what you realistically use, just because the data is old.

There is no need for you to be paying for more than you need to on your kVA supply, and it is our role to help you understand your kVA usage so that it can be reduced where appropriate.

Increasing your available supply capacity

 

There are lots of factors can result in your needing to increase your kVA, like buying machinery that increases the amount of electricity you use.

If you’re drawing more power from the grid, you should make sure your kVA capacity is arranged in advance with your operator. If you don’t do this and you risk being landed with expensive penalty fees. Thus, it is always better to have enough kVA available to support your needs.

Our kVA Analysis will provide you with an accurate picture of your usage, helping to avoid penalties and ensure you’re only paying for what you need – not a penny more.

kVA Analysis for your Business

At Utility Team, our role is to make it as easy as possible for you to find the right energy supplier, and to have the right business deal, for your business. No matter whether you think you are over paying, whether you need your kVA allowance increased, or whether you need help with another facet of your energy procurement, we are here to help.

 

No matter what help you need to source or maintain the best business energy deal for your organisation, our experts are on hand to answer any queries you may have.

Get a quote today