How to make a million
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In 2012-13 E.ON’s overall fuel mix saw the majority of its electricity being generated by coal, in complete contrast to 2011-12 when 49% of E.ON’s electricity was generated by gas.
Until recently, imported coal was one of the cheapest fuels for generating electricity, prompting many suppliers to increase coal generation.
But in the last year a number of coal fired power stations have closed. In particular E.ON’s Kingsnorth power station shut down in March 2013. Nationally, the amount of coal used to generate electricity has fallen over the last year.
E.ON’s use of coal dropped in 2013-14 but only modestly. Its use of gas has also fallen slightly, down from 29% to 27%. Renewable sources of electricity generation has remained about the same but the amount of nuclear energy in E.ON’s fuel mix has doubled – up from 4% to 8% in just a year.
The fuel mix for corporate electricity is slightly different from that for small businesses.
The amount of coal used in the corporate fuel mix is significantly less than that for small businesses, as is the use of gas. The biggest difference is the amount of renewables used in the fuel mix – a massive 31%. This may be an important consideration for corporate energy consumers looking to increase the amount of green energy in their fuel mix.
When comparing business electricity prices the supplier’s fuel mix can help in the decision making process. You may prefer to pay slightly more per unit but know that the majority of the electricity you are using comes from green sources. Take a look at the fuel mix of the other business energy suppliers such as Opus Energy and Haven Power.
Whatever you decide, if you need any further advice SwitchMyBusiness.com can help you compare prices – simply call 0800 411 8830 or complete the form at the top right of this page.
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