A proven track record of negotiating and managing large corporate contracts and delivering big savings.

Fox Energy delivers real factual evidence and advice as to when is the optimum time to go to market to procure and secure future renewals.

Fox Energy’s sophisticated software guarantees that your business will never miss a contract termination and will ensure you never find yourself on expensive out of contract rates.

Due to its exclusive supplier relationships, Fox Energy is also able to procure renewal contracts up to 3 years in advance ensuring your business will never miss the market lows when they occur. This means that you will always obtain the optimum price year on year.

Fox Energy offers fully fixed, flexi and market tracker contracts and will advise which option is best for your business. All of its suppliers offers are fully inclusive with no hidden costs or charges. All elements of contracts are clearly explained to prevent any nasty surprises when you receive your bill.

You will also receive regular updates on any changes to the energy markets that will directly affect your business, such as the recent staggered introduction of the EII (Energy Intensive Industries) levy.

New Meter Installations

Fox Energy works with UK Power Networks, The National Grid and Cadent Gas to assist your business with new electric and gas service installations and existing service amendments.

 

From your initial enquiry, we will establish which services your business requires, arrange for a site survey to be carried out, and then contact the relevant supplier for you. We will then help you to complete the required paperwork to ensure you are quoted for the correct works, first time.

 

Once the works have been booked, Fox Energy will then arrange your new energy contracts and even ensure the new meter is included.

Smart Metering & AMR

Fox Energy will assist in exchanging your current meter(s) to a smart meter for your business electric supply, and where applicable an AMR (Automatic Meter Reading) for your business gas supply, helping to eliminate estimated/incorrect billing.

 

Smart meters in principle are a great idea; however they are in effect, a mobile phone SIM card within an electric/gas meter that sends messages with the meter reading from that meter to the supplier on a daily/weekly basis and can succumb to the same issues as mobile phones such as signal problems.

 

Smart meters are the next generation of gas and electricity meters. They are part of the government’s plan for upgrading the UK’s energy system and the government has set a deadline for all businesses to have them by the end of 2020. Energy suppliers will be required to install smart meters and take all reasonable steps to put them in for every business.

 

Benefits

 

Smart meters will give consumers:

  • near real-time information on energy use, expressed in pounds and pence
  • the ability to manage their energy use, save money and reduce emissions
  • an end to estimated billing – businesses will only be billed for the energy they actually use, helping them to budget better, smart meters also give suppliers access to accurate data for billing, removing the need to manually read meters.

 

The Government is making sure consumers will be protected when smart meters are installed in business properties. Their provisions to ensure this means:

  • there will be no sales during the installation visit
  • installers must provide energy efficiency advice as part of their visit and they will need permission before the visit if they will want to discuss their own products
  • businesses privacy will be protected and they will have control over their smart meter data.
Existing Service Alterations

Fox Energy can assist your business with new electric and gas service installations and existing service amendments.

 

It can also make upgrading or amending your supply an easy process for you and your business, this is all part of its free service.

Multiple Site Simplicity

Fox Energy’s bill auditing services will help audit all aspects of your business energy accounts and assist you impartially with any disputes you may be involved in with your utility suppliers.

 

The company is expert in the field of energy contracts – it has been successful in advising clients on several occasions when disagreements with a supplier have occurred.

 

Fox Energy can confirm that all the suppliers’ readings and bills match up with your actual meter readings ensuring that there has been no under or overpayment and assist with incorrect billing and over charges. Fox Energy will also assist in upgrading your old energy meters for new Smart/AMR meters to eliminate estimated billing altogether.

 

Most non-smart metered customers are being billed on incorrect estimated readings, leading to big debts and also big refunds!

Bill Auditing

Fox Energy provides its clients with limited bill auditing and will help audit all aspects of your Businesses Energy accounts and assist you impartially with any disputes you may be involved in with your Gas or/and Electric suppliers. We are experts in energy contract law, and have been successful on numerous occasions when both Suppliers and Energy Brokers have unfairly treated clients.

 

Fox Energy can confirm that all the suppliers’ readings and bills match up with your actual meter readings ensuring that there has been no under or overpayment and assist with incorrect billing and over charges. Fox Energy will also assist in upgrading your old energy meters for new Smart/AMR meters to eliminate estimated billing altogether.

 

We normally find that most non-smart metered customers are being billed on incorrect estimated readings, leading to big debts and also big refunds.

Green Energy

Renewable electricity can be generated from wind power, wave, tidal, solar photovoltaic (PV), hydro generation, geothermal and biomass. These forms of generation offer an enormous potential resource, particularly in the UK where our coastline provides extensive opportunities to use wind, wave and tidal power.

 

Fox Energy works with 100% renewable green energy suppliers, however we can also obtain 100% renewable energy prices from nearly all the major suppliers.

 

Your business will be able to display a Green Energy Accreditation Certificate at your company sites and on your company website.

Energy Debt Management

Fox Energy understands that times can be tough and even through no fault of your own, you may find yourself in debt with a supplier. This can even occur as a result of under or overestimated billing from the supplier themselves.

 

Fox Energy is expert in resolving these issues with the supplier on your behalf. Fox Energy is able to arrange manageable debt and repayment plans with most suppliers on your company’s behalf, all as part of its free service. In some cases it has even been able to have businesses debts written off and in some instances it is the customer who has received a refund from the supplier.

 

Fox Energy is even able to assist and advise on matters of supply disconnection.

CCL Reduction

The Climate Change Levy (CCL) is a tax on energy delivered to non-domestic users in the United Kingdom. Its aim is to provide an incentive to increase energy efficiency and to reduce carbon emissions – this charge is added by all suppliers to business energy bills at the time of invoicing.

 

As part of the March 2016 Budget announcement, it was revealed that the Carbon Reduction Commitment Energy Efficiency scheme (CRC) was to be abolished at the end of the 2018-19 compliance year. As a result, CCL would become the UK’s only carbon tax on energy bills and as of the 1st April 2019 the government will increase the CCL rate to compensate for the loss of CRC revenue:

 

From 1st April 2018 From 1st April 2019
Electricity (£ per kWh) 0.00583 ↑3% 0.00847 ↑45%
Gas (£ per kWh) 0.00203 ↑3% 0.00339 ↑67%

 

CCL rates will increase for businesses between now and April 2019 (excluding; small energy users, charities who do not partake in commercial activities, businesses classed as domestic users or businesses which have a Climate Change Agreement (CCA) in place with an overall increase of 48% for electricity and 70% for gas. The larger increase for gas is an attempt by the government to rebalance gas and electricity tax ratios as it is hoped by 2025 the ratio will be 1:1.

Energy Intensive Industries (EIIs)

To help the UK meet its low carbon targets, the Government has introduced a number of policies to reduce greenhouse gas emissions by incentivizing increases in renewable energy. The effect of these policies has resulted in an increase in retail electricity prices and contributed to a cost differential between Energy Intensive Industries (EIIs) in the UK and other countries, which would potentially make UK EIIs less competitive.

 

As a result, the Government announced in the Autumn Statement 2015 that it intended to provide an exemption for EIIs in England and Wales from the policy costs of Contract for Difference (Cfd), the Renewables Obligation (RO) and Feed-in Tariffs (FiTs) schemes for qualifying EIIs. From November 2017 the government began implementing these changes, however the Scottish Government are consulting separately on proposals to implement the exemptions in Scotland.

 

These exemptions are designed to reduce the impact of renewables policies on the costs of electricity to ensure that EIIs remain competitive internationally.

 

These 3 elements (Cfd, RO & FiT) are known as third party costs (TPCs), non-energy elements of your bill that relate to: running the electricity network efficiently; paying organisations involved in its running; government policies; and incentivizing renewables. They already make up a proportion of your existing electricity bill and it is these three elements that the Government has decided to cover the cost of the EII discounts at the expense of all non-qualifying EIIs! It is worth remembering that these TPC’s can actually be nearly 50% of the delivered cost of electricity!

 

Who are considered EIIs?

 

EIIs include sectors such as steel, engineering and heavy manufacturing where energy usage makes up a significant proportion of production costs. There were two qualifying bands based on industry sector and level of electricity used which means the EII discount does NOT fall under the laundry and hospitality sectors!

 

How are EIIs benefiting?

 

EIIs can now claim an exemption of up to 85% from their CfD FiT and RO charges. Exemption from the CfD & FiT scheme began in November 2017, and RO exemption began on April 1st 2018. The Department of Business, Energy and Industrial Strategy (BEIS) expects the measures to benefit over 130 heavy users, saving them around £100m a year in energy costs. The total energy exempt volume will be around 10TWh per annum.

 

What does this mean for businesses in non-EIIs?

 

The vast majority of business sectors do not qualify for CfD, FiT, and RO relief via the EII scheme, but it will directly affect your electricity prices as the relief will be paid for by all non-EII electricity users: that’s £100m a year shortfall to be made up by everyone else, spread across non-exempt businesses. Most will see an increase in bills, but this will depend on contract type and supplier.

 

In the consultation in April 2016, the DECC estimated increases in energy bills per annum of £360 for small business energy users, £15,000 for medium sized energy users and £140,000 for non-exempt large sized energy users based on 2016 prices. When you factor in that the electricity wholesale market increased by 25% in 2017, it is likely that the increase in cost to your business will be far higher than these forecasted increases!

 

Businesses that are currently on a fully fixed contract, that have fixed CfD, FiT & RO non-commodity product options will see no change to prices during the current fixed contract period. However, from the renewal of that fixed term contract, these EII additions will become applicable.

 

You may not see the EII charges broken down upon a fully fixed energy contract renewal, but they will have been built in to the rates you are quoted which in some cases could increase the cost of a kWh by up to £0.02! However, even if you believe that your existing contract is ‘fully fixed’, most suppliers do have clauses allowing them to pass through any new government taxes on electricity straight to the customer. So, even some of you on ‘fully fixed’ contracts could receive a nasty surprise on your bills!

 

If you are currently on what is known as a ‘flex contract’, where just the cost of the physical electricity is fixed and all other elements, including CFD, RO & FIT are passed through at cost to the business from the suppliers, the impact will be immediate and you should allow for a potential 10-20% increase in your electricity costs.

 

As you can see reducing your business electricity consumption is key.

 

Fox Energy is currently working with a number of suppliers to develop industry specific software to enable you to isolate areas to reduce consumption, energy spend, become more efficient and even monitor each piece of equipment in your business.The technology will soon also be available through your existing smart electricity meter.

 

Why is this important?

 

The energy market is split into a traffic light system:

 

Red Monday to Friday 4pm-7pm Peak usage = Most expensive period
Amber Monday to Friday 7am–4pm & 7pm–11pm Standard usage = Average cost
Green

Monday to Friday 11pm–7am & ALL weekend Low usage periods = Cheapest cost

Being able to isolate what times your business is consuming, could vastly reduce your expenditure.

 

 

 

A fully fixed energy contract has risk and insurance built into your unit costs to cover peak usage during the RED periods even if you do not use any and are therefore generally higher in cost than a Flex contract, this is why Flex contracts are becoming more prominent as you can reduce cost by simply moving shifts/production away from the RED expensive periods and into the Amber or Green time frames, being able to isolate idle machinery so that it does not use power until required, and delivering a cheaper cost per kWh to the business.
As you can see from the diagram, if you are consuming during the peak red period, you will be paying a premium for the energy consumed during this time.

 

If you can re-structure shift patterns to avoid this period and move the work into the Amber periods either side, then you will reduce costs immediately. This may not reduce your consumption, but you will be paying less for it.

 

Please speak to Fox Energy about how this will affect your business and to look at the contract options available to you to help limit the increase in cost to your business.

We first heard about Fox Energy at the Textile Services Association annual conference in November 2016. We had our energy contract up for renewal and decided to let Paul and his team pitch for the business. Their approach to our requirements was refreshing and they worked hard to really understand our business needs whilst having an eye on achieving our cost expectations. It is always a big step to move away from an incumbent supplier, however sometimes that is the only way to ensure the best fit and deal for your business. We look forward to partnering with Fox for many years to come.
Lucy Renaut

Finance Director

Fishers