Opus Energy only provides energy products to business premises in the UK rather than residential customers. Here’s our guide to this independent company.
Overview of the Company
Opus Energy currently supplies over 153,400 businesses in the UK, mainly with energy taken from renewable sources. They offer free smart meters to all their customers, which together with their green credentials is a major USP and selling point.
They’re part of a large multi-national organisation which also owns Telecom Plus and The Utility Warehouse. UW recently signed a deal with nPower to expand the market to become the “big seven” to increase competition on prices.
Opus offers various levels of supply depending on whether you’re a small business or require a larger corporate solution. They pride themselves on excellent customer services to deliver the promised solution for gas and electricity supplies.
Benefits of using Opus Energy
When you take out an electricity tariff with Opus, they’ll also offer your business a free smart meter to install at your premises. These meters take a reading every 30 minutes and transmit data automatically back to a centralised technology system.
You can then monitor and analyse your energy consumption then make changes where appropriate. Opus estimate businesses could save 12% on their annual bills just by being able to understand where they use the most resources in their daily operations.
You’ll access UK-only call centres based in Northampton. High-quality customer services are at the heart of this energy company’s operations strategy.
Getting Pricing Quotes
The quoting system is different from their main competitors because you can’t currently get instant prices online via their website. However, you can contact them via email, or telephone their call centre, and receive a quote within 48 hours.
This process is not an ideal scenario. It may be worth pursuing if they can save your business money on your energy costs over the long-term.
Deemed and Out of Contract Rates
The tariffs applied for both deemed rates and out of contract rates is the same. These are not as high as some of the “big six” suppliers, but higher than if you were in contract.
- Electricity: 21.95p/kWh for all meter types with a 95p/day standing charge for 01-04 profile class meters and £3 for 05-08 profiles.
- Gas: range from 5.61p/kWh to 6.44p/kWh with a daily standing charge of between 50p and £1.95 depending on the meter type.
Cleaner Greener Energy
For most customers, you’ll be buying a contract directly from them rather than managing the purchasing cycle yourself. The company philosophy targets cleaner energy tariffs. Over the last three years, 72% of the energy supplied to customers has come from clean, low-carbon sources as follows:
The Renewable Energy Breakdown
- 7% from CHP (Combined Heat and Power generators).
- 45% from renewable generators, usually small-scale hydropower.
How the Renewable Energy and Cleaner Power is Generated
- Biomass and Landfill gas 12%.
- Hydropower 51%.
- Wind power 28%.
- Cleaner CHP 8%.
What Countries Provide the Energy?
The sources of these renewable power sources are mainly from the Scandinavian countries.
- Scandinavia 82.1%
- England 7.0%
- Scotland 1.3%
- Wales 0.3%
- Other 9.4%
If you want true 100% renewable energy for your company, then they can help you through their continued strategy to purchase directly from renewable sources.
Solutions on Offer
Small and larger businesses can procure services in the normal manner much like other companies. However, you’re also able to purchase electricity directly from the wholesale market with a new purchasing package.
The Evolution programme targets larger businesses with high usage. Under this scheme, you’re able to see the current pricing in the wholesale market and buy your electricity directly via unique desktop software.
Normal business contracts are for fixed periods at fixed prices for the duration of the contract. The Evolution product allows you to buy at the current market rates for variable contract lengths. This flexibility ensures you don’t get tied to a long-term fixed-priced contract.
Corporations with 20 or more sites can apply for this type of energy contract. You also receive a dedicated account manager to help you manage the process yourself.
Our view – is Opus Energy Right for You?
We strongly believe it’s worth getting a quote to see what prices are available. You can either add them to your list when using a broker or send them an email and wait for the reply.
Opus Energy, Royal Pavilion, 2 Summerhouse Road, Northampton. NN3 6BJ. Telephone: 0843 227 2377.