Tag Archives: Reducing energy bills

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.

Paul’s top tips on selling in an increase

In the current market the devaluation of the currency, an increase in government EMR charges imposed on electricity, plus an 85% increase in oil prices since early 2016 ($28/barrel has risen to $52/barrel – still relatively low compared to the all-time peak of $140/barrel) means an increase in gas and electricity prices for the end user. In a market like this the resounding message to your customers should be to lock in their energy prices today to mitigate the risk of having to procure in a potentially higher market in the future. The prices you can obtain will not only be the cheapest in the market, these prices will be locked in for the period specified, allowing your customers to secure their energy prices long term and avoid any nasty surprises with yearly renewals.

Ask your end user this simple question: If you could have secured your petrol prices for the next 5 years at 99p a litre last year, would you have done so? The answer of course would be yes… the same principle applies with energy. Take a small increase now, secure long term at today’s prices and ensure budget certainty. It is also worth remembering that the current wholesale energy price in the UK is still 60% cheaper than when the markets peaked in 2008, so it shows you the possible upside where the UK energy markets could once again reach over the next 5 years. A good short story to use in relation to this is that recently back in July 2016, British Airways brought all their fuel needs for the next 5 years… If it’s good enough for British Airways, then that’s good enough for me.

Paul

Kia Oval

The Kia Oval is the home ground of Surrey Cricket Club and is a world-famous international Cricket venue.

They had been with their energy broker for some twelve years before coming to Fidelity Energy. Having been dissatisfied with the level of service, pro-activity and investment into the partnership of their previous broker, Fidelity Energy was their first port of call.

Due to the size and usage of the stadium, their energy costs were extremely high and had been creeping up for some time. They had become aware that, at the time, oil prices were at a 10-year low and felt that they were not receiving the benefit of that low price.

We began by scouring the market for a solution that would fit them. Most paramount was lowering energy costs and ensuring they were kept low for as long as possible. Therefore, we focused on looking at ‘future prices’ of energy so we could find the best fit.

What we were able to supply was a procurement selection process that resulted in a five-year fixed price for their energy prices.

This saved the Kia Oval over £97,000 on their energy bills across the term of the contract.

This contract started in November 2016, the same percentage saving in today’s market would be closer to the £250,000 mark. A massive chunk of costs to wipe off any company’s bottom line.

They said:

Scott Carey

Operations Director, KIA Oval

Fidelity Energy took control of our energy procurement requirements from start to finish and have provided an exemplary standard of service from the outset. We have been extremely impressed with the professional approach that Fidelity Energy have adopted during the tender process. Their forward-thinking approach throughout has not only resulted in significant savings for The Kia Oval over our new gas and electricity contracts, but has also given us the confidence that we are now paying the most competitive tariff available. I would have no hesitation in recommending Fidelity Energy as a first class ‘energy partner’ for any business interested in keeping energy related expenditure under control.

Locker 27

Locker 27 is a gym in Addlestone, Surrey. With a large premises and high number of users they had noticed that their energy bills were slowly creeping upwards.

Worried about the rising cost of their energy bills they sought out a solution. This naturally led to Fidelity Energy. As ever, our first step was to take stock of their energy usage to understand where their energy bills were racking up.

After this, we were then able to start the process of finding solutions that would bring down their energy costs. Our skilled energy procurement team worked through our wide-ranging and extensive list of suppliers to secure a new contract for the client that would deliver on all their needs.

Once a suitable solution was found, our team then began the process of migrating the client’s energy suppliers to the newer, cheaper providers. Taking care of everything for them we endeavoured to make it as pain-free a process for the client as possible.

This allowed them to get on with running their business, whilst our team oversaw their energy procurement migration. Leaving them with the outcome they wanted from the start, cheaper energy bills.

The client said:

Matt Church

Director, Locker 27

As soon as my company sent the first email to the team at Fidelity Energy, they have been nothing but professional and approachable. The level of service has been exceptional, prompt and hassle free. As every business owner knows, with all the energy required to run a business, this is exactly the sort of service that is required. They were open and honest from the off and delivered a significant saving on our utility bills for our performance facility. I would have no hesitation in recommending Fidelity Energy to any business looking to lower costs on their commercial utility bills.