EDF Business Energy
EDF Energy, founded in 2002, was formed by merging SEEBOARD, London Electricity, South Western Electricity Board, and two power stations. EDF Energy is owned by EDF, Électricité de France S.A, and sells natural gas and electricity to businesses and homes. The company’s CEO Simone Rossi has been working in EDF since 2004 but was finally appointed with the chief managerial role in 2017, giving him sole responsibility of deciding on the most critical decisions. For business use, EDF Business Energy provides for businesses of any size.
EDF Business Energy for Small Businesses
Small businesses require less heating and electricity because they have fewer employees, customers and offices.
Prices vary and so to get an accurate price point, you must apply for a quote. This is done when an authorised person like the company’s director simply enters the business postcode, address, and energy usage in kWh/£ from the form on the website and consequently receives a call or email discussing the quote. If issues occur with the website, you can instead opt to call, email or live chat with employees that can further confer or resolve any problems. Once this is done, the tariff can be chosen.
There are currently three tariffs for small businesses: ‘Fixed for Business Tariffs’, ‘Fixed for Business Online Tariffs’, and ‘Freedom for Business Tariffs’. In short, fixed rates remain set for the contract period, whilst freedom rates are flexible and vary.
The Fixed Business Tariff and Fixed Business Online Tariffs are very similar; however, the latter is entirely online. They are cheaper overall because the price is always known and fixed, unlike if it was variable. However, there is an exit fee if you decide to leave or switch energy suppliers. Prices for both are fixed for 1-4 years depending on preference, and when this time elapses, you will be automatically transferred to the Easy Fix tariff.
This is a unique, year-long tariff that is only offered at the end of a contract. When you cannot decide whether to renew or change your tariff, that also has a fixed price whilst you decide what to do for the future, you can also leave, for free, as long as you give a one month notice and pay off any withstanding debt. For the Fixed Business Tariff, you must pay monthly via Direct Debit Card.
Therefore, you will get a 7% discount on your monthly price, whilst with the Fixed Business Online Tariff, you also pay with a Direct Debit Card and get a discount for choosing to be online.
In contrast, the Freedom for Business Tariff consists of variable prices that can fluctuate, and whilst this may be more expensive in the long it provides more flexibility. If the rates go down, this will be beneficial to the business. However, if they go up, this will be more advantageous to the energy supplier. If the prices do change, you will be given a one month notice before paying by Debit Card. Like the Fixed for Business Tariff, there is a 7% discount. Unlike fixed rates, there are no exit fees hence why if you want to change supplier or leave, there is no charge; the variable tariff is for as long as you wish to remain with EDF.
EDF energy allows discounts on electric vehicles for small businesses. This is of utmost importance for those who need transportation to get to meetings or move products, depending on the business.
At the moment, two vehicles are offered. The BMW 320d SE Auto’s cheaper option is leased at just over £6000 per year. Nevertheless, it must be factored into account that the fuel is more expensive, and the carbon dioxide emissions are higher than the more expensive option, the Tesla Model 3 Standard Range plus. The Tesla is £9,000 more expensive per year but better for the environment by releasing zero carbon dioxide emissions.
EDF Business Energy for Large Businesses
Large businesses cater to a wider variety of clients and employ more workers. All in all, the exhaust more energy and EDF Energy offers different products.
Like small businesses, contracts can be fixed or flexible.
Fixed tariff options are ‘Fixed + Peace of Mind’, ‘Fixed + Standard’ and ‘Fixed + Reflective’. They are fixed rates, so the electricity rates remain unchanged, and there are no restrictions on how much you use. The cost of delivery and new generation incentives also remain fixed for Peace of Mind and Standard, however for Reflective, they may vary due to third parties. The price may increase based on the charges EDF Energy experiences. The meters for Reflective can be only Half-Hourly (HH), so the energy supplier receives a meter reading every 30 minutes. Still, you can opt for either HH or Non-Half Hourly (NHH) for Peace of Mind and Standard tariffs, which is suggested for smaller businesses.
There are 4 Power Purchase Agreements (PPA’s) for businesses that wish to sell energy to their customers.
Clarity PPA’s require a minimum of 250MWh energy output annually. They are more suitable for businesses that do not have a clear idea of how much energy they require and need flexibility. In contrast, the Certainty PPA requires the same minimum energy output but offers fixed prices that do not reflect the current market, so there is less flexibility. There is more control over cost as they are more transparent on how much energy they require.
Expert and Choice PPA’s both require a higher minimum output of nearly four times as much, but whilst Expert is for businesses that are sure of how much energy they sell, Choice is for those that energy demand may fluctuate.
In conclusion, EDF provides energy services for businesses of varying sizes and offers different tariffs and extras depending on the needs and services of the company. As the UK’s number one zero-carbon electricity generator, they are a reliable and eco-friendly brand that genuinely cares about the success of their clients and listens to the demands of the public.
Other useful links about Business Energy
5 Products and Services Dual Energy Can Provide for Your Business
Switching to Scottish Power
What is a Fixed-Rate Business Tariff?
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