Business Electricity & Gas from Yorkshire Gas & Power
Yorkshire Gas & Power (YGP) was formed in 2009 by Rishi Raichura to deliver “a refreshingly different view on how business energy customers should be treated by energy suppliers”.
YGP are a business only supplier and offer both gas and electricity deals to suit businesses of all sizes.
The Yorkshire Gas & Power Checklist
Security
- Are their prices fully fixed? Yes
- Do they include metering and transportation costs in the price? Yes
- Do they include FIT and RO and CFD in the price? Yes
- What is their back billing policy? Awaiting clarification from YGP
- Do they require a letter of authority? Yes
- Does the contract lapse on change of tenancy? Yes
Transparency
- Is your contract end date on the invoice? Yes
- Is your termination date on the invoice? Yes
- When will your renewal letter arrive? Awaiting clarification from YGP
- When do you need to terminate? 60 days prior to contract end date
- Do they require termination letter by recorded delivery? No
- Will they rollover your contract? Yes
- How high are the out of contract rates? 27.5p/kWh electricity and 7.5p/kWh gas plus £4.99 per day
Convenience
- Do they mandate Direct Debit payment terms? Yes
- What are their Direct Debit terms? Monthly, fixed
- Do they offer Cash / Cheque payment terms? No
- Do they support reduced rate VAT declaration? Yes
- Do they bill monthly or quarterly? Quarterly
- Do they provide online billing? No
Services
- Do they install smart meters as part of the supply contract? No
- Do they support existing smart meters with full functionality? Yes
- Do they provide New Connection & Upgrade Services? Yes
- Do they support IGT meters? Yes
- Do they support all electricity profiles including half hourly? Yes
- Do they support related and aggregated meters? Yes
Environmental
- Do they offer green and renewable products? No
- What is their Fuel Mix? Coal: 36.5%, Gas: 21.2%, Nuclear: 6.6%, Renewable: 31.2%
Other things to know about Yorkshire Gas & Power:
The Leeds based business:- Is a dedicated business only supplier;
- Provides options for 1-3 year deals to electricity customers and 1-5 year deals for gas customers;
- Fully fixes all elements of their contracts;
- Offers an SME tracker product for electricity customers over 10,000kWh on a 3 or 5-year contract term;
- Individually credit checks each customer to ensure they can receive the best possible price;
- Has no minimum consumption requirement
- Recovers only the cost of energy through the unit rate and the metering and transportation elements of the price through the standing charge.
Security
Click on the following link to access YGP’s latest contract terms for business energy customers: YGP T&Cs
Are Yorkshire Gas & Power’s contracts fully fixed?
Yes, for gas and non half hourly electricity customers YGP operates a policy of fully fixing all elements of their fixed contracts; this includes all third party charges. This is a market leading position and means that when you agree a contract with YGP you are safe in the knowledge that the price will remain at the level agreed throughout the contract. This includes all third party charges including FIT, RO and CFD.Commodity: Inclusive, Fixed Transportation: Inclusive, Fixed Metering: Inclusive, Fixed FIT: Inclusive, Fixed (Electricity only) RO: Inclusive, Fixed (Electricity only) CFD: Inclusive, Fixed (Electricity only)
For half hourly electricity customers, YGP offers three options:- Fully fixed – as with the standard non half hourly product
- Partially fixed – where price change is permitted over a % variance threshold
- Full pass through – where all cost elements can change regardless of variance
- Where a change in law occurs affecting delivery of the contract.
- Where the customer fails to fulfil their obligations under the contract.
Back billing and Yorkshire Gas & Power
We are currently awaiting clarification of Yorkshire Gas & Power’s back billing policy. Many suppliers have voluntarily limited their back billing rights to two years and in some cases a single year. However equally a number of suppliers are not signed up to the Energy UK Back Billing standards and therefore, under the Limitations Act, are able to back bill their customers for anything up to 6 years. To find out more visit our Guide to Back billing.Yorkshire Gas & Power and Letters of Authority
In order to act on your behalf in securing your business a great energy deal Yorkshire Gas & Power require us to have a signed Letter of Authority from yourselves. The fastest way to authorise us to work on your energy supply arrangements is to use our eSign service to agree our Evergreen Letter of Authority.Change of Tenancy and Yorkshire Gas & Power
Moving into a premise is known as a Change of Tenancy in the business energy market. It has also been termed a Change of Occupier or is known by its acronyms CoT and COO. However it is referred to, the opportunities it opens up are the same. This is great news for deal seekers. Whilst the existing supplier is obliged to continue to provide energy to the new occupier, the occupier is not obliged to take out an extended contract with that supplier. Indeed a Change of Tenancy customer has total freedom of movement and is free to accept a contract with a supplier of their choice There are however of course a number of rules and requirements. Firstly, as the new occupier, if you use energy you will need to pay for it, regardless of your contractual status. Secondly, you will need to identify as quickly as possible the identity of the existing supplier Thirdly, you will need to field calls from sales organisations and the existing supplier themselves offering you contracts of varying lengths to continue or to begin to supply the premises. As a result as a new occupier you will need to agree a new contract either with the existing supplier or with a new supplier of your choice. Not only that but you will need to inform the existing supplier as quickly as possible that you are the new tenant to prevent you being held liable for charges incurred by the previous occupier should they not have ended their agreement satisfactory. It can prove a real headache knowing whom to trust – whether it’s the old tenant, the landlord the current supplier, the pushy salesman ringing, knocking and emailing, the prospective new suppliers. That’s where Business Juice comes in, by working on your behalf, identifying your existing supply arrangements, reporting your change of tenancy, ensuring you are not held liable for costs not incurred before your occupation and benchmarking contracts for your selection we can help you save time, money and a whole lot of stress.eSign – Fast, Convenient Online Approval
The fastest way to authorise us to work on your energy supply arrangements is to use our eSign service to agree our Evergreen Letter of Authority. We’ll take care of all correspondence, handle all the loose ends and enable you to focus on establishing your business in its new premise. And what’s more once your contract is in place we’ll manage your supplier relationship from beginning to end, all part of the Business Juice service.Business Juice Top Tip Always ensure that you take opening meter readings on the day, or as close as possible to the day, that you move into the premises to ensure that you only pay for the energy that you use.
Transparency
YGP place both the contract end date and termination date on the invoice. Not all suppliers do this. We are awaiting Yorkshire Gas & Power’s positioning contract end dates on invoices. If you have a Yorkshire Gas & Power invoice and are in doubt feel free to fax us your bill on 0845 387 5701 or send it to hello@businessjuice.co.uk and we will help locate the information for you.When to expect your Yorkshire Gas & Power renewal letter
We are awaiting Yorkshire Gas & Power policy on sending renewal letter to customers. This however will contain Yorkshire Gas & Power’s proposal for your rates for the coming period. It may provide a variety of options or a single price. It will however not be the most competitive price available in the market as the renewal letter is designed for customers who don’t use an energy broker and as such are priced at a higher level than can be obtained in the market.Business Juice Top Tip Every Business Juice client receives a unique key facts statement detailing all there is to know about their energy contract including all the important dates relative to your deal. Sign up today and take control with Business Juice.
Terminating with Yorkshire Gas & Power
For micro business customers who have agreed their contract since 30th April 2015, you are required by Yorkshire Gas & Power to provide written notice at least 60 days before your contract ends of your intent to terminate your contract at the end of its fixed period. For any other micro business customers who agreed their contract with YGP before 30th April 2015 you are required to provide written notice at least 90 days before your contract ends. For non micro business customers Yorkshire Gas & Power operate a narrow termination window requiring you to provide written notice of termination not more than 120 days before your contract ends and not less than 90 days before your contract ends.Business Juice Top Tip Terminating your contract is key to gaining freedom of movement and having access to the best deals for your next business energy contract. It pays to always be aware of your termination obligations so as to ensure that you act as soon as conditions allow in order to help you get the best out of the business energy market. Or better still sign up for our evergreen letter of authority and we will terminate on your behalf well ahead of time and provide you with a range of market leading options at the right time to suit your business.
Rollover contracts and Yorkshire Gas & Power
Yorkshire Gas & Power operate a policy of selling auto-rollover contracts. If you fail to terminate your existing contract more than 90 days ahead of your contract end date you will be rolled over for a fixed term of 12 months. By using Business Juice you can avoid the costly mistake of falling into the rollover trap and paying premium rates for 12 months. For Corporate customers, YGP operate a 3 year rollover term. If as a corporate customer you fail to terminate your existing contract more than 90 days ahead of your contract end date you will be rolled over for a fixed term of 36 months.Terminating but remaining on supply with Yorkshire Gas & Power
If you have provided termination notice to Yorkshire Gas & Power and expressed your intent for freedom of movement at contract end but you fail to leave Yorkshire Gas & Power’s supply you will be placed on Yorkshire Gas & Power’s out of contract rates. Don’t be caught out! By using Business Juice to manage your energy contracts we will terminate and manage your new contract seamlessly to ensure you avoid penalty rates.Yorkshire Gas & Power and Out of Contract Rates
Yorkshire Gas & Power’s out of contract rates are 27.5p/kWh and £4.99 per day for electricity customers and 7.5p/kWh and £4.99 per day for gas customers. Even one week exposed to this level of charges mounts up, that’s why clients taking our contract life management service makes sense: removing your exposure risk and letting you focus on your business confident in the knowledge that your energy contracts are in safe hands. To find out more visit our Guide to Out of Contract RatesConvenience
Yorkshire Gas & Power operate a policy of billing their customers on a quarterly basis. Yorkshire Gas & Power do not currently offer their customers online billing This means Yorkshire Gas & Power customers will continue to receive paper invoices. Yorkshire Gas & Power mandate a Monthly, Fixed Direct Debit meaning the amount you pay directly relates to the volume of energy you provided at quotation stage. To find out more visit our Guide to Supplier Payment Terms. How to claim the reduced VAT rate for your Yorkshire Gas & Power bill- Click here for YGP’s VAT Exemption Form
- To find out if your business is eligible for paying the reduced rate of VAT on your business energy bill visit our Guide to VAT Declaration.
Services
Yorkshire Gas & Power & Smart Meters
Yorkshire Gas & Power do not currently install smart metering as part of their gas and electricity contracts. To find out which suppliers meet your smart metering needs call us on 0800 051 5770. Go one step better and by appointing Business Juice to manage your energy contracts you can take advantage of our smart meter offers. For more information on Suppliers’ policies on smart metering visit our Guide to Suppliers & Smart Meters.Yorkshire Gas & Power & New Connections and Upgrade services
Yorkshire Gas & Power currently only offer new connections and upgrade services to customers when they take out a new contract. If this doesn’t suit your requirements, to find out which suppliers meet your connections needs call us on 0800 051 5770. Go one step better and by appointing Business Juice to manage your energy contracts you can take advantage of our management fee free new connections and upgrades offer.Yorkshire Gas & Power & IGT Meters
Yorkshire Gas & Power support meters supplied via IGT networks (Independent Gas Transporter). If your gas supply is delivered via an IGT network then unlike some suppliers Yorkshire Gas & Power can offer you a gas supply contract. However the meter will require a bespoke priced gas supply contract.Yorkshire Gas & Power & Supporting Meter Types
Yorkshire Gas & Power support all meter types including Half Hourly (HH), Maximum Demand (MD), Seasonal Time of Day (STOD) and standard profile meters as well as ‘related’ and ‘aggregated’ meters. This means whatever metering system you have, even if it is supplied via an IGT network,Yorkshire Gas & Power can support it.Environmental
Yorkshire Gas & Power do not currently provide renewable and green energy products within their portfolio. For the reporting period 2013/14, Yorkshire Gas & Power’ was not required to provide its Fuel Mix, however in receiving their electricity from E.ON their fuel mix can be assumed as:- Coal: 36.5%
- Gas: 21.2%
- Nuclear: 6.6%
- Renewable: 31.2%
- Other sources: 4.5%
- And produced CO2 of 452g/kWh and High Level Radioactive Waste of 0.001g/kWh
- Coal: 34.0%
- Gas: 25.6%
- Nuclear: 21.6%
- Renewable: 16.7%
- Other sources: 2.1%
Business Juice Top Tip By selecting a supplier with a fuel mix that suits your business’ environmental credentials you can gain access to a renewable solution without paying premium green prices. By using Business Juice we can match up your needs with appropriate the fuel mix and enable your business to take support renewable initiatives.To find out more visit our Guide to Fuel Mix.