domestic supply of electricity
Electricity for domestic use comes in many forms – you can get your circuit breaker plugged in and turn it on in order to power a fridge or light bulb. You might be using an appliance to power your computer and need an adapter to plug it into your domestic outlet. Or you might be in a rented accommodation and simply require a steady flow of electricity for the night’s use. In any case, there are several ways that you can convert your domestic supply of electricity into that for your business – so why not do it?
The main difficulty with converting your current domestic supply of energy (often supplied by gas and electricity companies) into those for your business is the sheer time involved in the process. It would be best to start in the early autumn, when it is cheap to buy gas and electricity but not so cheap to burn through your existing supplies. Although domestic energy tariffs tend to be more expensive at this time of year, business tariffs are usually still quite competitive. But nevertheless, most suppliers will charge VAT on a proportion of their sales, so a percentage of your purchase can easily wipe out any savings you make.
central heating system fitted
However, this problem can be addressed somewhat ahead of time. If you already have a boiler or central heating system fitted, these are likely to offer a good amount of energy efficiency – especially if they are a combi boiler which means that they provide both heating and hot water facilities from one unit. Look for suppliers who can sell you the fuel for all of your domestic requirements. In addition, there are a number of specialist suppliers who offer deals on the conversion of business electricity tariffs into domestic ones. These may be particularly suitable for businesses that only use a small amount of electricity for their operations, or whose consumption is normally higher during evenings and weekends. You may even find that these types of suppliers can be quite competitive with the more established suppliers, who will want to make the most of their market share by offering the lowest rates possible.
It’s also worth remembering that most British Gas customers can obtain further help with their tariffs from the British Gas Energy Plan. This is a strategic energy plan that sets out how much energy can be used and by how many people, throughout the year. For those businesses and families who are using a high amount of electricity, it may be worth reviewing it annually, in order to see if new developments can be implemented to reduce the level of energy used.
But when looking at the domestic energy market, it is important to remember that domestic electricity is not completely separated from gas and electricity. Most domestic gas and electricity masts are connected to a gas grid, so if you have installed a gas mast you should still be able to connect to a gas grid, should you wish to do so. Similarly, most gas masts are also connected to an electricity grid, so the same applies. The key difference between these masts is that you get both your gas and electricity delivered to your property, through different systems. So how can you work out what your renewable gas and electricity matrix should look like?
Well, the main two would be the percentage of your domestic heating and cooling requirements being met through renewable sources, as well as the amount of energy needed to meet the demand. In the current decade, and likely in the next (depending on the condition of the energy markets), the majority of our energy needs will be met through domestic green sources, such as solar power and wind turbines. The more we can rely on these technologies, the less we need to buy from countries that contribute to global warming. It is estimated that a combination of clean, sustainable technology and a stable, low carbon economy will see the UK enjoying a oil and gas boom, which should drastically reduce prices for consumers in the coming years.