TEM Energy: Innovative new model for business energy explained TEM Energy is making waves in the business energy market with claims of savings of up to 30% by bypassing the wholesale market entirely. Business owners are understandably curious and sceptical about how a new entrant can deliver prices that incumbents can’t match. This guide breaks down how TEM’s transaction engine and RED tariff work…
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What P442 and Licence Exempt Supply rules mean for business energy Businesses receiving power directly from small-scale electricity generators have long benefited from Licence Exempt Supply rules, which allow power to be supplied without paying the environmental levies that add around 5p/kWh to the cost of electricity in most energy tariffs. The P442 modification enables businesses using power from the grid to also benefit from a…
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Electricity interconnectors: How the British grid imports electricity Great Britain has some of the highest electricity generation costs in Europe. Undersea electricity interconnectors offer a solution by allowing the national grid to import cheaper French nuclear energy and Norwegian hydroelectricity. In 2024, the UK imported a record 43.7 TWh of electricity from neighbouring countries through international interconnectors, meeting 14% of overall demand for…
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Network Charging Compensation Scheme: What it covers and how it works British businesses pay the highest electricity costs in the developed world, and network charges are a major reason why. These charges fund the operation and expansion of the British electricity grid, and they have risen significantly in recent years to support the shift from fossil fuels to renewables. The Network Charging Compensation Scheme refunds up…
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British Industry Supercharger: What it means for Energy Intensive Industries If your business is one of the most electricity-intensive manufacturers, the British Industry Supercharger scheme could reduce your electricity bills by up to 8 pence per kWh. This guide explains the cost savings available to Energy Intensive Industries (EIIs), as well as how the scheme increases costs for all other domestic and non-EII businesses. Here’s…
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EII support levy: How the charge works and how it affects businesses Certain energy-intensive businesses in Britain, including steelworks and chemical manufacturers, receive a 90% discount on the network charges portion of their electricity bills. These discounts total over £20 million each month This discount is not funded by the government, but is instead recovered through the EII support levy, which is added to the electricity bills…
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