Recently received a gas quote? Or are you considering getting a gas quote?
Well, if you want to understand how they work, along with ways how you can get the best gas quote, then you may want to read this article.
At Niccolo Gas, we know your time is important. We have made the process of switching gas as simple as possible. Speak to one of the team to get you a quote that is tailored to your energy needs.
What Do I Need To Provide For A Gas Quote?
Some personal details will need to be provided for your gas quote. To compare suppliers and to receive the best gas quotes, you’ll need to give the following details:
| Contact Details | Address Details | Supply Details |
| Contact Name | Business Name | Payment Type for New Contract |
| Telephone Number | Business Address | Current Supplier |
| Email Address | Desired Start Date | |
| Usage (kWh) |
You can find your energy usage on a smart meter, on a recent energy bill, or if these both aren’t available, it will be based on an estimate on the usage of similar properties.
Understanding Your Gas Quote
So, you’ve received a gas quote. But sometimes it can be tricky to understand. Below, we’ve listed some information you may find on a gas quote with an explanation of what the terms mean.
- Supplier: This is the business that will be responsible for your gas supply.
- Term (Years): This is how long the terms of the contract will last.
- Day Rate (p/kWh): The unit rate you will pay per Kilowatt-hour of energy used.
- Standing Charge (p/day): The daily cost in pence associated with the contract. This charge does not change.
- Annual Cost: The calculated annual cost of the supply based upon estimated usage.
What Affects The Cost Of Your Gas Quote?
So, you’ve been wondering what exactly makes up a gas quote?
It is based on numerous factors that can alter the price you receive from different companies. Some of the main factors that affect your gas bill include:
- Supply and demand – If there is a huge demand for gas, the price will go up. For example, during a cold winter when more heating is needed, the demand will go up. In comparison, during warm summer months, demand for heating is lower. Also, when there is a larger supply of gas, prices will change accordingly.
- Your location – Depending on where you are based in the UK, your price will vary. There are 14 different distribution network operators across the UK each serving their geographically defined region, all with their own prices.
- Wholesale energy prices – Wholesale energy prices can change due to numerous factors. Some of these include the weather, political factors (example Brexit) and energy storage.
- Transportation costs – 19% of the total cost of gas is through distributing and transmitting the gas. Suppliers have to pay different distribution companies for the transportation of the gas, from the power station to your premises.
- Infrastructure maintenance – Gas companies have to pay to ensure they are providing a good service. Sometimes, infrastructure will need some maintenance work, which could decrease their supply rate. This could in turn have an impact on the price of gas during this time.
- Tariff selection – With tariff selections, these can vary the price you’re quoted. For example, on a fixed rate tariff, once your tariff has started, the variable factors will not affect the price you pay, your price is set. This will stay the same from the beginning of your contract to the end of your contract.
However, with variable rate tariffs, the factors listed above will continue to have an effect on your energy bill, with gas prices fluctuating each month. These factors are out of your control, but you can control the following:
- Energy consumption
- Chosen payment method
- Energy tariff
What Happens Once I Give My Details For A Quote?
After we receive all the information needed, we will calculate how much the tariffs will cost you, along with how much you can save. This will compare with your current supplier and current tariff to give a solid overview of the price difference.
If you decide to reject and stay with your current supplier, the offer may vary if you decide to change your mind. For customers on a fixed rate tariff that finalises within the next 12 months, the offered rate won’t be available once your current contract has ended.
Just remember, if you decide to do nothing, you’ll be placed onto your current supplier’s ‘default’ or ‘standard variable’ tariff which will be at a higher rate.
Once you have chosen a quote that you’re happy with, at Niccolo Gas, you will be given another chance to review your choice again. Once decided, all you have to do is simply fill out the remaining sections on your form and click on ‘generate contract’.
Tips To Get The Best Gas Quote
Getting a gas quote is pretty simple, but getting the best gas quote can be a little more complicated.
To save the hassle, speaking to the team at Niccolo Gas is the best way to receive the best gas quote available.
Some other useful tips are as follows:
| Tip | Explanation |
| Understand Your Current Tariff | It is impossible to compare business energy prices if you don’t know your r current rates. |
| Research Energy Suppliers | Speaking to Niccolo, we can compare different energy suppliers, giving you an idea of various tariffs. |
| Improve Your Credit Standing | Energy companies will feel more confident working with a customer that will be able to pay, which gives you better quotes. |
| Know How Much Energy You Use | Review previous bills to get the best prices for gas as having an understanding of when your energy usage is highest can be key. |
| Have Your MPAN Ready | When getting ready for gas quotes, you can speed it up by having your MPAN available, giving more accurate pricing estimates. |
| Check Energy Supplier Reviews | Don’t just go with the cheapest company, as further down the line you might run in to issues with negotiating new contracts or cancelling your tariff. |
| Know Your Contract Expiry Date | Energy companies are usually bad at letting you know when your contract is up, as you may be automatically placed on an out of contract rate. |
| Have An Idea Of Your Payment Method | You may be surprised but the method of payment can actually impact your gas quote. Some energy suppliers will reduce your quote by 7% if you were to pay by direct debit. |
| Contract Terms and Length Details | When generating a gas quote, you need to figure out how long you want the gas contract to be. These can vary from 1-5 years usually. Remember, there may be fees for cancelling your contract early. |
| Receive Multiple Quotes | To ensure you’re going to be on the best deal possible for your gas supply, getting lots of quotes can be a great way to improve your chances. Speak to the team at Niccolo to get started. |
What Is The Price Of Gas Per Unit?
This answer will vary, depending on the current situation of the market. Gas consumption is measured in kWh. Another factor that will change the unit rate is the energy plan you’re currently on, as well as where you live.
The current average price of gas per kWh is 3.80p. You can speak to the expert team at Niccolo to make sure you’re on the best gas plan possible.
Are Domestic Gas Rates Cheaper Than Business Gas Rates?
Depending on how much gas the business uses, as well as the size of the business, you may find that business gas is cheaper than domestic gas. However, businesses will pay a higher rate of VAT on their business gas in comparison to domestic customers.
Business gas rates are calculated differently from domestic gas plans, but both can be sorted out by Niccolo.
Niccolo can calculate the best rate for both business and domestic customers.