What to look for in a business electricity supplier
It's that time of the year again where electricity demand is at its peak.
What is a Triad?
The National Grid charge for the use of their transmission system based on what is known as the Triads. The Triads are the three half-hour periods when national electricity demand is at its peak. They usually occur between 4-7pm November-February on weekdays, making them amongst the most expensive times to consume energy.
What will Bryt Energy do?
If you are a customer of ours, we’ll let you know when there is a medium-high probability of a Triad occurring on a certain day, along with advice on how to reduce the impact on your bill. You’ll receive an email looking similar to this:
How will Triads affect you?
If you are on a fixed rate contract the good news is there are no nasty surprises, as these charges are already factored into your current contract. However, it also means that you cannot take advantage of the savings that can be made by shifting your usage outside of these hours to avoid these charges. Please note, your activity within the Triad periods may affect your renewal price, so we advise doing whatever you can to reduce your electricity usage during this expensive period.
If you are on our pass through or flexible product, please take note of these Triad Warnings and follow our advice as much as possible to minimise the effect on your business of the highest peak charges.
5 Ways Bryt Energy can help you tackle high prices during Triads
1. Low cost, high value, zero carbon products
Get more for your money - buying zero carbon, 100% renewable electricity allows you to win more business with your customers. In particular, for those looking to improve their Scope 3 greenhouse gas emissions by making their supply chains more sustainable.
2. Shift and Save - Time of Use Tariffs
If you can avoid consuming power at peak times (4-7pm Monday-Friday), your bill can reduce by around 20%. Whilst you may not be able to avoid consuming all your energy at this time, any reduction will avoid some of these charges.
3. Blend and extend
Prices are currently at a 10 year high and at some point in the future they are expected to reduce. When they do, you can opt to extend your contact with Bryt Energy at lower prices and immediately see the savings.
4. Flex Contracts
Fixing your energy costs for the duration of your contract could be more or less expensive on any one particular day. Our flex products allow you to spread the buying decision over a number of discrete periods, helping to avoid the risk of buying on the wrong day or at the wrong time.
The installation of batteries on your premises can reduce your energy costs by buying power at cheaper times and dispatching at expensive times. Bryt Energy’s Virtual Power Plant (VPP) optimises the charging and discharging of your battery, looking at real-time costs to maximise your savings. To learn more, get in touch with our storage experts at email@example.com