AMR (Automated Meter Reading)
A metering system that records consumption and feeds back the information to a secure online portal. Enables accurate billing and consumption tracking.
AQ (Annual Quantity)
An estimated figure on the amount of gas used in a 12 month period.
The length of time that you're being charged by your supplier for using gas and electricity.
Bottom Line (MPAN)
Is a 13 digit reference which is a unique identifier for your electricity supply point. There is also a top line. Together they form the Supply number or Meter Point Administration Number
CCL (Climate Change Levy)
A tax on energy delivered to non-domestic users in the UK
The cost of the natural gas supply that you use
Contract End Date
The date your Fixed Term Business Energy Plan ends
A look-up against your credit file to assist lenders in the decision to approve or reject your application based on previous credit behaviour
The rates applied when you move into a property. A customer is ‘deemed’ to have entered into a contract to supply energy
Dual fuel means that your gas and electricity are both supplied by the same provider. Dual Fuel plans usually work out cheaper than having two separate energy plans for gas and electric.
EAC (Estimated Annual Consumption)
An estimated figure on amount of electricity used in a 12 month period
A Third Party Intermediary who works with their clients to find them the best gas and electricity deals
This is the amount of energy you use. Generally in kWh (Kilowatt hours).
Buy energy from the wholesale energy market and sell it on to their customers
The price you pay per unit of energy will not change over the course of your contract period. Good for long term energy planning, especially in a rising energy market
kWh (Kilowatt Hour)
A unit of energy equal to one kilowatt of power expended in one hour
LOA (Letter of Authority)
Written confirmation which gives a Third Party permission to act as an energy advisor on your behalf
A small business that is defined by the UK Government as; an annual consumption of not more than 55,000kWh or an annual consumption of gas of not more than 200,000kWh or fewer than the equivalent of less than 10 full time employees and an annual turnover or annual balance sheet total not exceeding €2 million
MPAN (Meter Point Administration Number)
Sometimes known as a ‘Supply Number’ (S Number), is a number unique to a property used by energy companies to decide on your energy rates. It can be found on your electricity bill, is 21 digits long and is needed to switch energy supplier.
The gas equivalent of an MPAN, which can be found on your gas bill. It is unique to your property and does not change, even if you switch your gas provider.
The Office of Gas and Electricity Markets. Ofgem regulates the companies who provide gas and electricity in the UK. Its responsibilities include setting price controls and protecting consumers' interests in the provision of gas and electricity.
Out of Contract rates (OOC)
Can be applied by default when your current Fixed Energy Contract has expired or terminated and has not been renewed.
Pass through charges
Pass-through costs are fees paid to other companies who operate and maintain the electricity network.
The period of time to create and process a new supply with a new energy supplier.
The date your Fixed Term Business Energy Plan ends.
RO (Renewable Obligations)
The main support mechanism for renewable projects in the UK.
Small Medium Enterprise.
Smart meters allow you to pay only for the gas and electricity that you actually use. It eliminates the need for estimated readings as your meter reading is automatically sent to your energy supplier. The government has started the Smart Meter Initiative (SMI), with the target that all homes should have a Smart Meter by 2019 and all small businesses need to have a smart meter installed by 2020.
A fixed amount that is applied to your gas and electricity bill on a daily basis. It is a cost associated with providing your energy supply, such as meter readings, maintenance and keeping you connected to the network.
SSD (Supply Start Date)
The date an energy supplier starts to provide your gas or electricity once it has switched or transferred from another supplier.
Another term for an energy price.
Written confirmation to your current supplier of notification to terminate a contract. Your supplier will continue to supply you but it may be on higher out-of-contract rates.
The ‘Big Six’
The ‘Big Six’ are Britain’s largest energy companies; British Gas, EDF Energy, E.ON UK, npower, Scottish Power, and SSE.
Top Line (MPAN)
Is an 8 digit reference which forms part of a unique identifier for your electricity supply point. There is also a bottom line. Together they form the Supply number or Meter Point Administration Number.
One unit is equivalent to One Kilowatt Hour.
VAT (Value Added Tax)
For business users, the rate is 20%.