Our handy jargon buster is here to act as your energy procurement glossary.
Click the blue letters to jump to the different sections in the directory.
The term is used to describe the annual consumption of a gas meter.
The six largest energy suppliers in the UK.
A change in the ownership of a business premises.
A change in the ownership of a business.
A tax on the use of fossil fuels in the UK.
The amount of energy that is used by a business.
The day your contract ends.
The estimated total usage for electricity meters. Used for pricing energy contracts and billing.
A "best guess" Meter Read by the Supplier based on historical consumption patterns.
The majority of costs or all costs are confirmed for the duration of the contract term on a given day. Rates do not change so it is great for budget certainty.
A meter that records energy consumption every half hour.
This is a signed permission slip that allows us to deal with your account on your behalf.
The unique reference for each meter. Visible on the actual meter.
The industry's reference for a Gas meter's location. Does not change when meters are changed and is not visible on the actual meter.
The industry's reference for an Electricity meter's location. Does not change when meters are changed and is not visible on the actual meter.
The Office of Gas and Electricity Markets who are the independent regulator of the UK's energy markets.
This is the unit cost that energy is priced on Electricity and Gas contracts.
Certificates that prove energy has been generated from renewable sources.
A meter that records energy consumption in real time.
A fixed fee that is charged by energy suppliers regardless of consumption.
A contract between a business and an energy supplier, that sets out the price of energy and the terms of supply.
The price of energy that is traded on the wholesale market.