In this blog we focus on Opus Energy business energy bills. For this blog we are using Opus Energy’s own bill explanation which you can find here: http://bit.ly/2xeKoAc. 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.
1. Understanding The Billing Period and Your Meter’s Address
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 is 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 Opus Energy example, the period is for one quarter, 24 December 2013 – 08 January 2014. We will show below how you calculate your monthly, and annual consumption using the above information.
Your billing period is next to No. 2 and for the business meter address is just above the billing period.
2. Understanding Your Energy Usage and Figuring Out How Much Energy You Are Using
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 that 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.
Let us take a look at Opus Energy’s business energy bill and try to figure out how much energy the business consumed during the period.
ENERGY CONSUMED DURING THE BILLING PERIOD
Opus Energy states the consumption amount on subsequent pages or overleaf. Please take a look at the second sample bill page. Please look at the table called Readings, next to Number 11. Please look at the last column called kWh used (kilowatt hours used). In this column you can see two numbers: 800 kWh and 2,250 kWh. We need to add these two numbers to get the total usage for the period. In this case this would be 800 + 2,250 = 3,050 kWh used for the quarter. Your specific bill may be different and may have more readings, so you will need to add up all the numbers.
ESTIMATING MONTHLY ENERGY CONSUMPTION
To get monthly consumption you can approximate by dividing the above numbers by three. In the example case that would mean dividing 3,050 / 3 = 1,016 kWh. This is the monthly usage approximation.
ESTIMATING YEARLY ENERGY CONSUMPTION
To get annual consumption you can multiply 3,050 times 4 = 12,200 Kwh. This is yearly usage approximation. 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.
About Bill Explainer Blogs
To help small business owners understand their bills, we will be writing blogs and helpful guides to various UK energy companies’ bills.
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. Typically the bill will consist of several pages (often double side printed).