Bryt Insight May 2021
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 electricity
Get more for your money - buying zero carbon, 100% renewable electricity not only reduces your carbon footprint, but also allows you to win more business with your customers! We know that businesses reporting on their Scope 3 greenhouse emissions are encouraging their supply chain to be more sustainable and 33% of consumers prefer to buy from brands that position themselves as sustainable1. A simple switch to renewables could potentially improve your business’s performance and win more tenders as you distinguish yourselves from competitors.
2. Shift and Save
If you can avoid consuming power at peak times (4-7pm Monday-Friday), you can reduce your bill by around 20%2. Whilst you may not be able to avoid consuming all your energy at this time, any reduction will avoid some of these charges. Consider our Shift and Save supply product to incentivise your business to manage your load during peak times and reduce your costs.
3. Market Advantage
Market prices are volatile and change frequently. When the market drops, you can bring forward cheaper electricity prices by extending your contract with our Market Advantage product, giving you immediate 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 a battery on your premises can reduce your energy costs by charging the battery when electricity is cheap (such as at night or when you get excess power from on-site generation) and ‘shifting’ this power to use when electricity from the grid is expensive (i.e. during the day and peak periods). Statkraft’s Virtual Power Plant (VPP) can optimise the charging and discharging of your battery and any other flexible load you have, helping you to minimise your costs and maximise your revenue. To learn more about our flexible solutions, get in touch with our storage experts at firstname.lastname@example.org.
To receive medium-high Triad warnings and similar updates, please leave your details below: