LATEST MARKET UPDATE: UK gas and power markets have traded lower across the curve so far this week, with a bearish outlook as Norwegian outages come to an end next month and fears of a second wave of Coronavirus has pushed prices within the wider commodities lower. Oil prices in particular continue to be pressured by the threat of a reduced demand that a second wave of Coronavirus could bring, with prices trading below $40/bbl for the first time since mid-June.
Non-commodity charges (or third-party charges) are all the costs on your energy bill that don’t relate to the use of gas or electricity (the ‘commodity’). These charges make up around 50-60% of your bill and are rising year on year.
The world of non-commodity charges can be confusing, so let us handle it. We’ll make sure you’re being billed accurately through our in-depth Non-Commodity Analysis, potentially saving you thousands of pounds.
From April 2021, all meters will have third-party charges applied to them similar to bigger half-hourly meters, which could increase costs by up to 15%. Also from April 2022, electricity charging structure changes could hike electricity costs by up to 50%, especially for large sites. That’s why it’s more important than ever to make sure your non-commodity charges are in check.
We’ll provide a forecast of third-party charges, so the impact of business process changes can be assessed and budgets set.
Calculating the cost for every half-hour period for all meters means we can identify the highest cost periods and meters. This allows us to determine how best to reduce costs.
We’ll assess the proposed or built electricity cost reduction projects.
Utility Team were appointed by Kingspan to take over the management of their UK & Ireland , Norway and Poland energy procurement needs. This was coupled with additional value added services and ongoing account management.