Tag Archives: Energy blog

Ten Interesting Renewable Energy Facts

Green energy is increasingly a popular choice these days and economical around the world. Here at Fidelity Energy, we’re working hard to promote renewable energy. We know it could solve so many of our worries like climate change on a global scale, air pollution in our towns and cities, and acidity in our oceans.

Let us embrace new renewable technology and take a look at ten facts that reveal what the future could hold for all of us…

1. Renewable energy sources, like wind and solar power, now generate almost a third of the UK’s electricity.

2. The main forms of renewable energy are: solar, wind, hydro, biofuel and geothermal and these sources are all continually replenished.

3. Just 1 wind turbine (25% output) can generate enough electricity to power over 1,000 (average UK homes).

4. Amazingly, as of 2017, China builds 2 wind turbines every hour!

5. Renewable energy creates 5 times more jobs than fossil fuels.

6. Solar power may account for the world’s main source of power by 2050…

7. And Europe and North Africa could run on 100% renewable energy by 2050.

8. Around 71% of the planet is made up from water, so it makes sense that this is currently the most commonly used renewable source. Providing the energy for over 28 million people.

9. In 2016, Portugal made history by running on renewable energy alone for 107 hours.

10. Megabucks: the renewable energy industry is growing fast. By next year, the global market is expected to be worth £600 billion!

Hopefully, these facts have provided some insight into the incredible world of renewable energy and the endless possibilities that are all around us. Read our How Do I Reduce Carbon and Business Energy Costs? blog to find out how to cut your carbon footprint and save on your business energy bills.

Resources: OVO Energy, Cleantechnica, Wind Watch.

Three Myths About Switching Energy Provider

The other day we spoke to one of our Business Development Executives here at Fidelity Energy to find out the most common myths and misconceptions she hears when speaking to business owners on a daily basis. Read on to see the top three energy switching myths debunked! When was the last time you switched your energy supplier? What’s been stopping you?

1. I will have to pay hidden fees
Here at Fidelity Energy, we are happy to be transparent with our clients, the team has over twenty years’ experience so we know the angles. You won’t be charged additional fees for using our services. Furthermore, we will get in touch when your energy contract is coming to an end and help you switch again, this way you won’t go on the standard variable rate, which can be considerably expensive. With us, you switch once and we will help you switch forever.

2. Can price comparison websites be trusted?
A lot of people can sometimes be under the false impression that comparison websites are nothing more than marketing websites and a scam. The truth is that we want to find a better deal for you and collate all the energy suppliers’ prices, and then we put that against your energy usage to ensure that you’re on the best energy tariff. We do the hard work, so you don’t have to. We will check the Big Six energy suppliers, as well as independent suppliers so you get the most competitive prices possible. Do you still need convincing? Check out our testimonials.

3. I don’t have any time to switch energy supplier
We understand you’re time poor – time is money and you’re strapped for time. So how can you even start to think about your energy bills? Well, you don’t have to – let us use our automated platform to compare 10,000s of tariffs for your electricity and gas. That way you will have more time and probably money!

Give us a few details, sit back and we will see if we can save you money. What could be simpler? What do you have to lose? You may be able to reduce your bill by 44% today!

Not ready to change right now? Why not in the meantime take a look at our How Much Money is Your Business Losing Through Wasted Energy blog.

Questions to Structure a Major Bid

Questions to Structure a Major Bid:

When engaging in a bid of any kind it’s essential that the customer understands and feels the need for some of the USPs that we offer.  Through good questioning a customer’s problems and needs can be established, which can then be matched to our key USPs.  The key USPs included in this blog post are only of value if the customer perceives them to be of value, therefore we ask questions to uncover the needs that then fit these USPs. 

  • Large breadth of suppliers means we can compare all the suppliers (25% spread of pricing)
  • Proactive contract management (avoid falling out of contract rates)
  • Account Management / Easy of Contact (no waiting time, we will handle all MACs and new installs / Change of Tenancies / Office moves)
  • Bill Validation (20% of bills have been found to be wrong)
  • Supplier rationalisation of complex estate (reduce the number of suppliers)
  • Coterminous contracts (ensure all contract finish on the same date)
  • Free Smart Meters (Install smart meters, avoid people having to read their own bills, helps reduce usage)
  • Manage the entire switch process (set up billing, monitor objections)
  • Proactively manage termination process (avoid being rolled over)
  • Monitor the market and pick the best market timing
  • Forward buying / hedge pricing up to 5 years out (avoid market fluctuations)
  • Access to Green Tariffs
  • Supplier Consultancy (compare suppliers service, billing and responsiveness)

Before we start with need payoff questions, we need to establish some basic facts:

  • How did you sign your current contract, direct with supplier or with another broker?
  • Which broker did you use?
  • Are you still working with them?
  • How long have you worked with them?
  • When did you last meet your current broker?
  • What length of contract did you sign in for? (helps us understand their buying behaviour)
  • Are you looking to secure a new deal shortly or comparing the market at this stage?
  • If so what date are you looking to decide?
  • Who has the authority to sign the new contract?
  • Have you any other businesses or sites?
  • When is your current contract end date/s?
  • By what date do you need to serve notice?

These basic facts should help us structure the next set of questions, which if handled correctly should lead to a creation of customer needs.

Questions to find Customer problems:

  • What importance is price compared to service? (We can guide them on the best balance)
  • When did you last have your bills validated? – Around 20% of energy bills are wrong!
  • How many suppliers do you have?
  • What problems does that cause? (Think supplier rationalisation)
  • How often do you have to read your own meters? Is this a problem for you? (Think – Smart Meter Value Add)
  • Have you ever had a large catch up bill?
  • How did this impact your business?
  • Have you ever fallen on to out of contract or deemed rates?
  • Have you ever had cause to question your energy bill?
  • When did you last switch supplier?
  • How did you find the process?
  • How do you ideally want your billing structured? Centralise or direct to sites, Monthly or quarterly?
  • What requirements do you have for new meters installs, office moves / purchase or close new buildings?
  • Do you plan on moving premises in the next 18 months?
  • Who manages this all in your business?
  • What % of their time does it take up?
  • How many suppliers do you have?  – would you prefer one supplier, or the cheapest possible option for every supplier?
  • Would it be of benefit if you had a single common contract end date? (better bulk discount / simplicity)
  • Would it be of benefit to have longer term budget certainty?
  • What impact would a 30% rise in energy costs have on your business?
  • What is your understanding of how forward procurement can protect your business?
  • What consideration do you give to the environment when selecting your energy supplier? (Green Energy)
  • What % more would you pay for fully green energy (Zero Carbon Energy)

Once the answers to these questions are captured, then we can build the proposal to include the features that then address the needs created above.