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Your non-energy costs now make up more than half of any business’ energy bill. What’s important to know is that they cover the cost of generating your energy and the system that gets it to businesses all around the country. Let’s bust the complex jargon and simplify them so you understand where the majority of your energy spending is going.
Here’s a quick cheat sheet to remind you of some of the key non-energy costs in your bill.
Fiona Cormack, Senior Sales Enablement Manager at EDF, answers that most frequently asked question. And while she explains, she makes your NECs as simple as your ABCs.
As you now know, your non-energy costs make up over half of your bill, but it can be difficult to remember your TNUoS from your BUoS! Watch our Luke Stavrou, Sales Manager at EDF, take up the challenge of describing each of them in just 15 seconds!
Contracts for Difference
Feed in Tariff
Distribution Use of System
Balancing Services Use of System
Transmission Network Use of System
Capacity Market Supplier Charge
Energy Intensive Industry Exemption
Transmission and Distribution losses
Assistance for Areas with High Electricity Distribution
If you have a question about one of the topics in our TalkPower Energy Academy, or anything realted to the energy industry, ask our team of experts.