For example, here’s a blog explaining that 60% of your bill comprises Third Party Charges (TPCs). Given that these non-energy costs outweigh the 40% of the bill total that you pay for electricity, it’s important to find out more about the range of TPCs included.
The Government has introduced some of them, as part of its plans to ensure the UK reaches its carbon reduction targets. For example, to support and incentivise investment in renewable power, the charges include Renewables Obligation (RO) and Contracts for Difference (CfD).
There are also charges dedicated to operating and maintaining the country’s power distribution system (National Grid) such as Balancing Services Use of System (BSUoS), Distribution Use of System (DUoS) and Transmission Network Use of System (TNUoS).
You can find the definitions for these, and other, charges in our simple infographic.
As well as understanding why you’re paying these charges and what they mean, it’s also important to stay informed on how they’re changing. Our guide to TPCs gives you the details you need, plus predictions about the likely cost increases across the year. With this information to hand, you’ll be in a much better position to accurately forecast for these costs in your energy budget.
If you have any questions about TPCs, or want to chat about improving your energy management, talk to our friendly experts on 01473 725943 or email@example.com
Why more businesses are switching on to the benefits of battery storage
With battery technology improving, there’s never been a better opportunity for businesses to invest. They can now generate, store and sell their own energy.
23 Apr 2018 | Industry
A better use of energy – What are you paying for?
TV's Johnny Ball explains what makes up a business electricity bill. Only 40% of it is electricity, but what makes up the rest?
19 Apr 2018 | Uncategorised
Over 180 hours volunteered at local charity
As part of Haven Power’s commitment to Eden-Rose, staff volunteers work at Brickmakers’ Wood - one of the charity’s projects, in Ipswich - at least once a month.
18 Apr 2018 | Community