NFU Energy is now offering a valuable service to help customers navigate the complex landscape of standing charge banding reduction. Here's a breakdown of our new service:
Understanding the Challenge
As the energy market experiences constant changes, standing charges have become a concern for many customers. The standing charge associated with your electricity meter is directly influenced by the Line Loss Factor (LLF), a portion of your supply number. This LLF is subject to change, primarily based on the declared capacity of your meter, and it has been undergoing alterations in the national database since spring.
The Impact of Changing LLF
When the LLF changes, it triggers adjustments in the standing charge banding associated with your meter. This means that you may end up paying more than necessary if your LLF reflects a higher capacity than you are actually using.
Addressing the Issue
Our new service aims to assist customers in reducing their standing charge banding and, subsequently, their energy costs. We will guide you through the process, which involves getting a new agreement with your District Network Operator (DNO) and ensuring that the LLF accurately reflects your meter's new banding.
- Fee: NFU Energy offers this service for a fee of £450.
- Successful outcome: If we are successful in lowering your banding, the service fee is offset by the savings you’ll enjoy through reduced standing charges.
- No Banding Reduction: In the event that we are unable to lower your banding, there will be a flat fee of £150 payable. This ensures that you only pay if the service successfully achieves the desired outcome.
By utilising this service, you can proactively manage your energy costs and ensure that you are not overpaying for standing charges due to inaccurately assigned bandings. NFU Energy's expertise in the energy market, coupled with our deep understanding of the TCR changes, makes us well-equipped to help you secure a more cost-effective standing charge banding.
If you'd like to find out more about NFU Energy's new service, don't hesitate to contact our dedicated commercial sales team at 024 7669 8910 or send us an email at [email protected]. We're here to provide you with all the information you need!