Blogs

Latest News

Below you will find the latest industry news and updates from Energycentric

Targeted charging review

by | Aug 21, 2020 | News

Whilst many companies and households are driving towards a more energy-efficient way of life, the current electricity network must still be maintained, monitored and modernised. It is often these ‘residual costs’ that are overlooked by many. At current, such costs are absorbed through the unit rate and consumption for those in households and small businesses; whilst larger businesses are charged through both unit consumption and Triad charges (the charge during peak power demand times).

The Targeted Charging Review (TCR) is due to come to play from April 2021 with the intention of levelling the playing field for all businesses whether the use of demand-side reduction activities (DSR) is used or not. Ofgem is set to implement TCR to help companies that may not necessarily have the funds to implement DSR which at current results in themselves fronting the difference that other energy-efficient companies have swerved.

What does this mean for you?

Depending on the company size, household capacity or voltage use, you will be placed in one of four bands. Such bands are yet to have a fixed price attached, however, larger companies currently using DSR techniques are expected to have an increase in their annual bill, whilst smaller entities are likely to have a small deduction.

How can Energycentric help?

From a business forefront, such a scheme hinders the hard work taken to implement alternative energy sources. However, the targeted charging review looks at the larger picture; although DSR techniques benefit both the company and environment, it does not necessarily do so for the national grid and the charges in question. Such changes do not fluctuate alongside voltage; therefore, they must be swallowed by someone, and at present, that person is the smaller, less capable in terms of DSR techniques companies.

Each company’s utility bills are as unique as their product. We at Energycentric can help determine the most efficient way of lowering your energy usage without jeopardising the company operations or profits. Whilst companies may be left with the unease of unknown charges, Energycentric can bring some light by helping develop a plan to reduce power usage and bring down any potential risk of exceeding maximum capacity.

For those clients looking to alter their energy consumption in accordance with the new targeted charging review please call the team on 01708 765555 or email info@energycentric.co.uk.

Latest Industry News

Sales and Renewal Manager Job Opportunity

Business Development/Sales Manager

Business Development/Sales Manager Reporting to: Sales Director   Primary Purpose of role: To manage all aspects of the Company’s Business Development and Sales related...

The ACEVO Utility Scheme

The ACEVO Utility Scheme

ACEVO or the ‘Association of Chief Executives of Voluntary Organisations’ has a ACEVO Utility scheme in partnership with Energycentric. ACEVO currently has 1,400 members, all of...

Other News

Education Sector

Education Sector

Schools, such as Academy's have the independence to control their utility bills by switching contracts and finding the best deals. For many schools,...

read more
It’s all for Charity Mate

It’s all for Charity Mate

It’s all for Charity Mate Energycentric work with Charitable organization - It’s all for Charity Mate Nothing gives a stable company a greater sense...

read more
Charitable Power

Charitable Power

Nothing gives a stable company a greater sense of accomplishment and well being than offering its services to charities and charitable...

read more
Project Nexus Is Coming

Project Nexus Is Coming

The UK Link system, operated by Xoserve for energy settlements, supply point administration and other functions for the GB gas market, is scheduled...

read more
A Market Report

A Market Report

Rise in Energy Prices Energy prices have risen dramatically over the past three weeks and today we would like to inform you of some of the factors...

read more
Meet The Team

Meet The Team

At Energycentric, we have helped many UK businesses across different sectors to reduce their energy bills. But what makes us a leading light in the...

read more
Power review

Power review

Both versions of the UK power Day-Ahead firmed on Wednesday, resisting bearish sentiment from the NBP prompt, instead responding to lower forecasted...

read more
Referendum Message

Referendum Message

Leaving the EU After months of deliberation the UK have voted to leave the European Union. This is one of the single most crucial decisions the UK...

read more