- Posted by: Polar Energy
- Category: Business Energy Advice
Breaking through the jargon and understanding your business gas bill inside and out can be key to understanding how your business uses gas energy, how to make changes, and how to reduce the rates you’re paying to save your business money – always a nice thing to do!
It wasn’t so long ago that an investigation by Ofgem concluded that energy bills used a complex language and layout that created an unfair advantage for energy suppliers because nobody understood what they were paying for!
This makes knowing the anatomy of your business gas bill all the more important, closing the gap between you and your energy supplier to make sure your getting a better deal.
So, anatomy class time!
Features of a standard Business Gas Bill:
- Energy Supplier contact details – simple enough, would be a bit weird without it!
- Issue Date – standard stuff so far
- Billing Period – this should show the inclusive dates that the bill covers
- Date & Amount of last payment – this is a reference to the payment of your last bill, handy for dealing with accounts
- AC Number/Reference number – a unique number identifying your relationship to your energy supplier
- Final amount of gas (Excluding VAT): The total amount of gas you used during the billing period, before the addition of VAT
- VAT – Standard business vat charged at 20%
- TOTAL BILL (Including VAT): Final amount with VAT added – this is how much you’re actually going to pay.
- Gas Supply Number: Sometimes in a small box, or small font
- Meter Point Reference: A unique reference number relating to your meter – required if you are trying to change energy supplier
- Breakdown: Your gas bill should feature an itemised breakdown of the gas you’ve used and how much it cost. It is shown in Cubit feet, which is written as (Cu FT), the cost of it in £, and the meter reading.
- Estimated/Actual – The bill should also indenfiy if the bill is based on estimated meter readings (based on previous usage or average data) or an actual bill – based on up-to-date meter readings.
- Contact Number – Self-explanatory, just call them up if you need to discuss anything (or better yet, call us at Polar!)
- Payment Slip – If you pay your gas via direct debit, or through your bank or even by post, then you may find this pre-made payment slip pretty handy.
- Bill Summary – A bit of everything to lend some context to your bill: how much you’ve paid since your last bill, any charges incurred, discounts etc, etc.
- Due date – Featured usually in the Bill Summary, you should see clearly the date for which the full payment for this billing period is due.
Depending on the gas tariff you’re on and the supplier you’re with, you might get a few extra items on your bill, and often the front of the bill is used by energy suppliers to notify you of any news or upcoming changes to your energy bills, so it’s best to give them a read, and query them if you’re unsure about any of it.
Think you’re paying too much for business gas?
Honestly, we wouldn’t be surprised – most businesses we talk to are paying too much for either their gas or their electricity, and we’re specialists in finding or even creating them a better deal.
Just read up on our approach to business energy and get started with our quick contact form to see if Polar Energy can get you a better deal!