In this blog we discuss Scottish Power business energy bills. We strongly encourage small business owners to find the lowest business energy prices in the market. In order to secure the best price we recommend that you have your business energy bill handy.
To help small business owners we are writing blogs about reading and understanding business energy bills. Each blog will focus on a different energy company. In this blog we focus on Scottish Power business energy bills. For this blog we are using Scottish Power’s own bill explanation which you can find here.
The main point of information is how much energy the business is using and whether the business has one or several energy meters. The example below is for a small business with a single meter.
The most important information for getting the lowest business energy prices is your business’s energy consumption for a given period (typically Kilowatt hours per month, per quarter or per year).
The reason this information is important for business energy price comparison is because energy companies use this information to compete for your business energy supply. If a small business is able to provide accurate information based on their current business energy bills, then utility companies can fine tune their business energy pricing to compete.
Billing period and your meter's address
To find your billing period is next to No. 9 and for the business meter address on the Scottish Power business energy bill, please look just below No 2. In this case the example is for multiple meters.
Typically the bill will consist of several pages (often double side printed). The cover page usually has summary information about your business and charges. Subsequent pages have information about your business energy consumption and rates.
When you are switching energy providers your meter’s address, billing period and billing period usage are really important.
Other energy companies want to know your business meter address (sometimes it is different from your registered business address). Energy companies also want to know how much energy you consume. – this can be per month, per quarter or per year. In this Scottish Power example, the period is for one quarter, 01/03/07 – 31/03/2007. We will show below how you calculate your monthly, and annual consumption using the above information.
If you are on Control Tariff, then your consumption is stated in the table called Red, Amber and Green. In the Scottish Power’s sample bill the amount stated is 42,728 Kwh (Kilowatt hours) for the quarter.
That means that during one quarter the business consumed 16,500 Kwh on a Simply Fixed tariff and 42,778 Kwh (Kilowatt hours) on the Control tariff.
If you are on a Simply Fixed tariff, your consumption can be found in the table called ‘Charges’. Please see the column called ‘Unites Used’. The subtotal is the number that we need. In this example the number is 16,500 Kwh for the quarter.
Estimating monthly business energy consumption
To get monthly consumption you can approximate by dividing the above numbers by three.
For Fixed, that would be 16,500/3 =. 5,500 and for Control it would be 42,778/3 = 14,259
Estimating yearly business energy consumption
To get annual consumption you can multiply 16,500 times 4 = 66,000 Kwh (or Kilowatt hours) for Fixed or 42,778 * 4 = 171,112 Kwh (or Kilowatt hours) for Control.
Now you are armed with great information to start killing the energy bills. You can compare business energy prices, find the lowest business energy price and best business energy provider and switch.