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Ecologic Partners
Commercial energy consultancy
Energy bill review

Northbank Precision Engineering Ltd

Bill validation, reliefs, usage and renewal options · Newcastle and Gateshead

£248overcharges found on the bills
Up to £16,200a year in possible reliefs
£7,487a year saved on the best quotes
Prepared forJane Example, Finance Director
Prepared byLucas Dodds, Ecologic Partners
Date9 Oct 2026
ReferenceEPL-NB2610
Executive summary

What we found and what we recommend

We reviewed 4 bills covering 4 meters (2 half-hourly, 1 non-half-hourly, 1 gas) for Northbank Precision Engineering Ltd, using about 405,000 kWh of electricity a year and 185,000 kWh of gas. We found £247.95 of overcharges on the bills reviewed, which we'll ask the supplier to correct and credit. You may qualify for British Industrial Competitiveness Scheme, worth up to £16,200 a year. Your earliest contract ends on 31 Dec 2026 (83 days away), so renewal needs acting on now. For electricity, the best quote is Supplier E (fixed energy, pass-through non-energy) at about £99,129 a year, £5,371 (5%) less than your current electricity costs. For gas, the best quote is Supplier H Gas (fully fixed) at about £11,784 a year, £2,116 (15%) less than your current gas costs. A 120 kWp solar PV system would generate about 101,300 kWh a year, 93% of it used on site, saving about £22,753 in year one with a payback of 3.1 years after Annual Investment Allowance tax relief. Your half-hourly data shows 46% of electricity is used outside opening hours, which is a quick area to cut costs, and our energy management service can track it meter by meter.

£247.95Overcharges found
Up to £16,200Reliefs a year
£118,400Current annual cost (electricity and gas), excl. VAT
31 Dec 2026Earliest contract end

Recommended next steps

  1. Authorise us to raise a billing query and recover the overcharges.
  2. Confirm the products made on site so we can assess BICS eligibility.
  3. Approve the Supplier E electricity quote (fixed energy, pass-through non-energy) so we can secure the price before it expires.
  4. Approve the Supplier H Gas gas quote (fully fixed) so we can secure the price before it expires on 14 Oct 2026.
  5. Arrange a site survey to confirm the solar design, roof condition and grid connection, so the proposal can be firmed up.
  6. Walk round the site out of hours with us, and consider our energy management service to monitor each meter.

Letter of Authority

Signed 2 Mar 2026 by Jane Example, valid until 1 Mar 2027 Valid

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Your supplies

Sites, meters and consumption

4 meters across 3 sites: 2 half-hourly, 1 non-half-hourly, 1 gas. Meter numbers are partly hidden.

364,000kWh a year, half-hourly electricity
41,000kWh a year, non-half-hourly electricity
185,000kWh a year, gas
590,000kWh a year in total
MeterTypeSupplierkWh a yearCurrent ratesContract endRenewal
Unit 4, Riverside Business Park, Newcastle NE6 · 2 meters · 268,000 kWh electricity · 185,000 kWh gas a year
10•••••••8901HH electricitySupplier A 268,000
contract
Day 24.80p, Night 19.60p
standing 145p/day
31 Mar 2027Renew now
74••••9630GasSupplier C 185,000
contract
Single 6.20p
standing 410p/day
31 Mar 2028In renewal window
Unit 5, Riverside Business Park, Newcastle NE6 · 1 meter · 96,000 kWh electricity a year
10•••••••8912HH electricitySupplier A 96,000
contract
Single 26.40p
standing 88p/day
31 Mar 2027Renew now
Warehouse, 12 Dock Road, Gateshead NE8 · 1 meter · 41,000 kWh electricity a year
10•••••••2109NHH electricitySupplier B 41,000
estimated from bills
Single 29.10p
standing 72p/day
31 Dec 2026Renew now

HH: half-hourly metered electricity. NHH: non-half-hourly electricity. Green: more than 2 years left. Amber: inside the 2-year renewal window. Red: under 6 months left or out of contract.

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Bill validation

What we found on your bills

BillFindingAmount
Supplier A electricity
10•••••••8901 · 1 Aug 2026 to 31 Aug 2026
Overcharge
Unit rate (Day) billed at 26.10p/kWh but the Supplier A contract says 24.80p/kWh.
£227.24
Supplier A electricity
10•••••••8901 · 1 Aug 2026 to 31 Aug 2026
To check
Bill is based on estimated reads. Get an actual read so the client isn't over- or under-billed.
Supplier A electricity
10•••••••8912 · 1 Aug 2026 to 31 Aug 2026
Overcharge
Standing charge billed at 96p/day but the Supplier A contract says 88p/day.
£2.48
Supplier B electricity
10•••••••2109 · 1 Aug 2026 to 31 Aug 2026
Overcharge
CCL charged at £45.94, more than the official rate allows (about £27.71 at 0.801p/kWh).
£18.23
Supplier B electricity
10•••••••2109 · 1 Aug 2026 to 31 Aug 2026
To check
This supply's contract ends on 31 Dec 2026. Without a renewal it will move to out-of-contract rates, which are usually much higher.

Reliefs and exemptions

British Industrial Competitiveness Scheme (BICS)Possible from April 2027

SIC 2562 Machining, 2561 Treatment and coating of metals is on the BICS list. Removes renewables policy costs (about £35 to £40 per MWh) from April 2027, backdated to April 2026. Also needs an eligible product made in Great Britain; the relief band depends on how much site electricity goes into it.

Up to £16,200 a year

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Usage profile

Your portfolio's electricity use

2 half-hourly meters combined, 181 days of half-hourly data, 1 Jan 2026 to 30 Jun 2026.

394,311kWh a year (annualised)
94.0 kWPeak demand (combined)
22.9 kWBaseload
46%Used outside opening hours
MeterkWh a yearSharePeak kWBaseload kWLoad factorNightWhile closed
10•••••••8901 · Unit 4268,67668%62.415.849%19%46%
10•••••••8912 · Unit 5125,63532%31.76.245%25%47%
Portfolio394,311100%94.022.948%21%46%
Portfolio average day Open (weekdays)00:0006:0012:0018:0023:30 kWh per half hour (max 43.8)

Weekdays Weekends

Portfolio monthly kWhJan 35kFeb 32kMar 33kApr 32kMay 32kJun 32k

What stands out

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Usage profile: each meter

Meter by meter

10•••••••8901 · Unit 4
268,676 kWh a year · peak 62.4 kW · baseload 15.8 kW · 46% while closed
Open (weekdays)00:0006:0012:0018:0023:30 kWh per half hour (max 28.7)

Weekdays Weekends

  • 46% of energy is used outside opening hours (about 124,005 kWh a year, roughly £29,761). Check heating, lighting, refrigeration and equipment left on overnight and at weekends.
  • Baseload is about 52% of daily use. Equipment left running overnight and at weekends is worth investigating.
10•••••••8912 · Unit 5
125,635 kWh a year · peak 31.7 kW · baseload 6.2 kW · 47% while closed
Open (weekdays)00:0006:0012:0018:0023:30 kWh per half hour (max 15.2)

Weekdays Weekends

  • 47% of energy is used outside opening hours (about 58,662 kWh a year, roughly £14,079). Check heating, lighting, refrigeration and equipment left on overnight and at weekends.
  • Baseload is about 43% of daily use. Equipment left running overnight and at weekends is worth investigating.
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Tariff and contract options

Are you on the right tariff and contract?

Based on 394,311 kWh a year from the half-hourly data (1 Jan 2026 to 30 Jun 2026). Unit and standing charges only; VAT and CCL excluded.

Rate structureHow your use fallsEnergyStandingTotal a year
Current day/night (current)21% at night (00:00–07:00)£93,440£529£93,970
Single rate25.1p × 394,311 kWh£98,972£511£99,483
Time of use10% peak, 69% standard, 21% off-peak£93,540£548£94,088

Which contract type suits you

Fixed energy, pass-through non-energy fits best (score 75/100).

The wholesale energy price is fixed; network and policy costs are passed through at cost. Cheaper than fully fixed where non-energy costs are expected to fall, with some budget movement.

Fixed energy, pass-through non-energy75
Fully fixed60
Flexible purchasing50
Index-linked or tracker25

Contract scores are a guide based on your answers and usage, not a guarantee of the cheapest outcome. Prices exclude VAT and CCL.

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Renewal quotes: electricity

Electricity cost comparison

Annual costs for 405,000 kWh of electricity, 21% at night. Each meter is costed on its own consumption where the quote prices meters separately. Excludes VAT and CCL.

SupplierProductTermRatesAnnual costvs current
Supplier E Fixed energy, pass-through non-energy24 mo 22.8p/kWh
Standing 95p/day, capacity 4.5p/kVA/day
Non-energy costs passed through at cost; estimate included
£99,129-£5,371
Supplier G Energy
via Example Broker Desk
Renewable
Fully fixed
Business Fixed 24
24 mo Priced per meter (3)
valid until 16 Oct 2026
Rates fixed for the term; 10% volume tolerance
£100,722-£3,778
Supplier F Flexible purchasing36 mo 23.6p/kWh
Standing 110p/day, capacity 4.1p/kVA/day
Indicative blended price; buys made over 12 months
£102,022-£2,478
Supplier D
Renewable
Fully fixed36 mo 24.95p/kWh
Standing 120p/day, capacity 4.0p/kVA/day
100% renewable (REGO-backed)
£107,472+£2,972
Supplier A (renewal)
Current supplier renewal
Fully fixed24 mo Day 27.9p, night 22.4p
Standing 160p/day, capacity 4.2p/kVA/day
Renewal offer, valid 7 days
£115,435+£10,935
Recommended: Supplier E, fixed energy, pass-through non-energy, 24 months.

About £99,129 a year, saving £5,371 (5%) on current electricity costs.

Quotes are indicative and only valid for a short time. Prices can change until a contract is signed. "Current" is the figure you gave us.

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Renewal quotes: electricity

Quotes priced meter by meter

Each meter costed on its own consumption and capacity.

Supplier G Energy, meter by meter

MeterTypekWh a yearRatesStandingAnnual cost
10•••••••8901
Unit 4, Riverside Business Park
HH electricity 268,000Day 24.15p, night 19.05p
capacity 4.1p/kVA/day × 250 kVA
185p/day£66,268
10•••••••8912
Unit 5, Riverside Business Park
HH electricity 96,000Day 25.4p, night 20.1p 92p/day£23,651
10•••••••2109
Warehouse, 12 Dock Road
NHH electricity 41,000Day 26.9p, night 21.3p 70p/day£10,802
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Renewal quotes: gas

Gas cost comparison

Annual costs for 185,000 kWh of gas. Each meter is costed on its own consumption where the quote prices meters separately. Excludes VAT and CCL.

SupplierProductTermRatesAnnual costvs current
Supplier H Gas Fully fixed36 mo 5.62p/kWh
Standing 380p/day · valid until 14 Oct 2026
£11,784-£2,116
Recommended: Supplier H Gas, fully fixed, 36 months.

About £11,784 a year, saving £2,116 (15%) on current gas costs. Quoted for Northbank Precision Engineering Ltd.

Quotes are indicative and only valid for a short time. Prices can change until a contract is signed. "Current" is the figure you gave us.

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Solar PV

Solar generation against your demand

Example Solar Ltd system, 120 kWp. Generation is matched half-hour by half-hour against the site's half-hourly data.

101,300kWh generated in year one
93%used on site (94,492 kWh)
7%exported (6,808 kWh)
24%of site demand met by solar
Month by month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec kWh (max 34,155)

Site consumption Solar generation Solar used on site

Typical June weekday 00:0006:0012:0018:0023:30
Typical December weekday 00:0006:0012:0018:0023:30

Yellow: solar generation. Green line: site demand. Where the yellow sits under the line, the solar is used on site; above it, it's exported.

SystemSystem
InstallerExample Solar LtdPanels274 × 440W mono
Size120 kWpInverter2 × 50 kW string inverters
Specific yield844 kWh per kWpOrientation and tiltSouth-west, 10°
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Solar PV

The investment case

£98,000Total cost (excl. VAT)
£24,500Tax saved through the AIA
£22,753Saving in year one
3.1 yearsPayback with AIA
31%Return (IRR), 26% without AIA
£292,406Net present value at 6%
£798,531Savings over 25 years, incl. AIA
427 tCO₂e avoided over 25 years
Annual Investment Allowance. Solar PV counts as plant and machinery, so a company can deduct 100% of the cost from its taxable profits in the year it's bought (up to £1 million a year). At a 25% corporation tax rate that's worth about £24,500, bringing the net cost to £73,500 and the payback from 4.1 years to 3.1 years. Confirm with your accountant that you have enough taxable profit and AIA available.
Cumulative cash position £0£700,531-£98,000 Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25

With AIA tax relief Without

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Solar PV

Cash flow and assumptions

YearGeneration kWhNet savingCash in yearCumulative
Purchase---£98,000-£98,000
Year 1101,300£22,753£47,253-£50,747
Year 2100,895£23,326£23,326-£27,420
Year 3100,491£23,914£23,914-£3,506
Year 4100,089£24,517£24,517£21,011
Year 599,689£25,135£25,135£46,146
Year 1097,711£28,475£28,475£181,671
Year 1595,772£32,266£32,266£329,226
Year 2093,872£36,572£36,572£503,255
Year 2592,010£41,460£41,460£700,531

Assumptions: electricity saved at 24.6p/kWh rising 3% a year; export at 6p/kWh; panel output falling 0.4% a year; maintenance £900 a year; inverter replacement £6,000 in year 12; grid carbon 0.177 kg CO₂e per kWh. The installer's own figures were £24,800 a year and 3.9 years' payback. Estimates, not guarantees. Tax relief depends on the company's own tax position.

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About this report

Assumptions and next steps

Ecologic Partners
Heworth Hall, Gateshead

Your consultant: Lucas Dodds · Head of Energy Services

Bill checks, energy procurement, non-domestic EPCs, carbon reporting (SECR and ESOS), solar PV, battery storage, EV charging and PPAs.

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