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New Ofgem rules to help SMEs choose the best energy deals

Reducing energy bills and saving money is especially important for British small and medium businesses, so energy market regulator Ofgem has decided to lend this important customer group a helping hand.

Ofgem is proposing a new set of rules that will require energy suppliers to make price comparisons easier by including the price of the customer’s current deal, as well the new rates that their supplier will charge after the end of the current contract.

Furthermore, suppliers will have to provide customers full disclosure on their annual energy use, so that they have all the information available to compare their supplier’s prices with the rest of the market.

Under the Ofgem’s revised rules, suppliers will also have to use a standard 30 day notice period, so businesses know when to tell their supplier that they want to switch.

The energy market regulator hopes that the rules on price comparison and consumption will come into force in March 2015.

SME owners who’re particularly worried about the adverse effects energy price hikes might have on their bottom lines should seriously consider investing in a high-end solution designed specifically to help them optimize their energy consumption, and this is specifically where the HeatingSave Building Energy Management System could help.

By using data coming from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), HeatingSave optimizes a building’s boiler-based central heating system and helps customers save anywhere between 20 and 30%+ on their bills.

HeatingSave is also approved to work and save fuel within the Energy Technology List, which is managed by the Carbon Trust on behalf of the Government. It is also approved by the Department of Energy & Climate Change and the Energy Savings Trust and was specified by the Building Research Establishment for the energy efficient homes retro-fit program, called The Greenhouse Project.

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