Npower for Business
About Npower for Business
Npower Limited, first founded in 2000 as Innogy Plc, is a British energy supplier that currently exists only as Npower Business Solutions (NBS) after it was unable to maintain its debt to assets ratio and, as a result, closed down. Previously existing Npower customers moved to E.ON for home usage, whilst NBS continues providing energy and gas to over 20,000 small, medium, and large companies. The main aims now are to reduce carbon emissions, work towards more sustainability to help future generations, and reduce energy costs as much as possible.
nBS offers both fixed and flexible energy contracts depending on the preference of the business and the best approach to suit its needs.
Fixed tariffs mean that the price you pay is constant, giving you more control over how much you will be paying. The rates can be from 1-5 years, and additionally, you can choose whether the source is renewable electricity or carbon offsetting gas.
For power, there are three contract types: Fixed Certainty, Fixed Commodity and Fixed Choice. The most regimented is the Certainty plan, where the commodity cost, network charges and environmental charges are all fixed and not subject to change. The Choice plan is similar. However, environmental charges may increase with time, as nBS pay for some, and the rest are passed through to you in a ‘pass through’ Contract. The Commodity tariff has a pass-through contract for both environmental charges and network charges.
For gas, there are only two tariffs, Fixed Certainty and Fixed Commodity. The Certainty plan has fixed commodity cost, transportation charges and metering charges, whilst the Commodity has only fixed commodity cost.
Depending on the size, nBS can offer individual flexible contracts for large businesses or the Access Flex group purchasing network for smaller ones. The Access Flex is a framework for small businesses allowing access to the energy market, providing reports, Non-Half Hourly (NHH) or Half-Hourly (HH) meter readings, around-the-clock online support and the possibility to limit or cap orders.
Individual flexible contracts are for bigger businesses with more than 1GWh of energy consumption. For power, there are three tariffs: Flex Streamline, Fast Flex and Flex Innovate. Most importantly, commodity costs are flexible and subject to decrease or increase, which could be either beneficial or detrimental. There is renewable energy available for all three, limiting orders, sleeving, and either fixing or passing through non-commodity costs.
There are only a few differences between tariffs: Fast and Innovate monthly billing, whilst Streamline estimated monthly billing and reconciliation at the end to compare definite financial records with the monthly statements. Additionally, Streamline and Fast have premium shaping, whilst Innovate is based on an index.
For gas, there are two tariffs, Flex Standard and Flex Innovate. Both have flexible commodity costs, the choice to fix or pass through non-commodity costs, limit orders, and monthly billing. The only difference is that Standard has premium shaping, and Innovate is based on an index.
Older traditional meters comprise an electric device that gives the electric consumptions that must be read manually, therefore are more inaccurate and a hassle. Automated Meter Readings (AMRs) are a new and improved type of meter that electronically gathers your readings and sends them to the energy supplier. You do not have to read the data and then send it yourself. The bills are then based on your actual energy consumption instead of an estimation.
Submetering is helpful in large businesses where there is different energy consumption in different sites, illustrating exactly how much electricity is used in which areas so that any abnormalities can be pointed out easily and combatted. This is better than receiving one extensive reading and struggling to determine which areas need to decrease their consumption. In contrast, nBS can also provide an electricity supply if a business has a smaller piece of equipment that does not operate with as much power and does not need a meter but still requires electricity.
nBS has expressed that if a business would like to use a smart meter, they can register for one, only with the acknowledgement that, unfortunately, at present, there are only AMR meters available to install, not smart meters. When nBS has the resources and time to develop and install smart meters, they will make the customers who have displayed this desire aware.
Becoming net-zero for carbon implies that no carbon dioxide is emitted into the atmosphere. This can be achieved through various strategies that are more sustainable and hence better for the environment.
Renewable energy denotes that the energy source can be replenished and will never run out so that the electricity can continuously be provided from it. On the other hand, non-renewable energy comes from an origin that is depleting and has the possibility of one day running out; this includes fossil fuels that emit greenhouse gases when burnt and trap heat in the Earth’s atmosphere.
Examples of renewable energy include wind power that constitutes wind turbines transforming wind into electricity, solar energy that turns sunlight into electric energy, and biogas that converts animal waste into energy.
nBS implores business owners to use these energy alternatives to help with the government’s incentives of being more eco-friendly.
Npower for business, nBS, supplies electricity and gas only to businesses.
They have many different tariffs based on the business size and needs, providing either fixed or flexible contracts with various services to the companies. In addition to this, nBS deliver many carbon net-zero resources through renewable energy so that clients can choose from more sustainable energy sources and aid the UK government in being entirely carbon zero by 2050. Even though the original Npower is no longer in business and has been taken over by E.ON, nBS have modernized strategies and goals to ensure success for both the business and its customers.
Other useful links about business broadband
Contract Natural Gas (CNG)
British Gas and the Alternatives
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