Understanding the Impact of the Oct-2024 Domestic Price Cap Increases on Landlords: Why Switching to Business Energy Could Be Your Best Move

John Devine • September 17, 2024

Understanding the Impact of the Oct-2024 Domestic Price Cap Increases on Landlords: Why Switching to Business Energy Could Be Your Best Move


As of October 1, 2024, domestic energy price caps are set to increase, significantly impacting residential energy bills across the UK. For landlords, particularly those managing properties with all-inclusive bills such as HMOs (House in Multiple Occupation) or apartment blocks, this change can have substantial financial implications.


How the Price Cap Increase Affects Landlords


Many landlords currently manage their energy costs through domestic supply contracts. This setup may seem convenient, but with the new price cap increases, it’s likely that these costs will rise sharply. For properties where tenants' utility bills are included in the rent, landlords could face much higher operational expenses as energy costs surge.


Business Energy: A More Cost-Effective Alternative


In contrast to domestic tariffs, business or commercial energy rates are currently outperforming domestic price caps. This presents an excellent opportunity for landlords to consider switching from domestic to fully fixed business energy contracts. Here’s why this could be a smart move:


1. Stable and Predictable Costs: Business energy contracts often come with fixed rates, providing stability and protection against future price fluctuations. By locking in rates now, landlords can avoid the unpredictability of domestic price cap increases.


2. Potential Cost Savings: With current business energy rates outperforming domestic tariffs, switching could lead to significant savings on energy bills. This is especially beneficial for properties with high energy consumption.


3. Comprehensive Management Services: TCD Energy offers dedicated account management services designed to streamline energy management. From negotiating the best rates to handling billing and ensuring efficient energy use, our team is here to support you every step of the way.


4. Additional Benefits: Beyond cost savings, our business energy solutions include services such as utility audits, tariff reviews, and consolidation of accounts. These features can help landlords save even more and simplify their energy management.


Take Control of Your Energy Costs


With the impending increase in domestic price caps, now is the perfect time for landlords to assess their energy strategy. Switching to a fully fixed business energy supply not only protects you from rising costs but also offers a range of benefits through TCD Energy's comprehensive account management services.


To learn more about how switching to business energy can benefit you and to explore your options, call us at 0333 335 5200 or email us at info@tcdenergy.com. Our team is ready to help you navigate these changes and find the best energy solutions for your properties.

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TCD Energy Partners with Knowsley Chamber of Commerce!

By TCD Energy • September 9, 2024
We’re excited to announce our new partnership with the Knowsley Chamber of Commerce. At TCD Energy, we’re passionate about transforming how businesses handle their utilities and making everything smarter, simpler, and more sustainable. What’s This All About? The energy landscape is constantly changing, and managing utilities can often feel like a full-time job. That’s where we come in. Our partnership with Knowsley Chamber is all about giving businesses the tools and support they need to navigate this landscape with ease. We’re not just helping businesses save money on their bills. We’re offering a smarter way to handle utilities, from cutting costs to reclaiming overpayments and everything in between. Here’s What You Can Expect from Us This partnership is designed to bring value directly to Knowsley Chamber members. So, what does that look like? Cost Savings Made Easy. We know every penny counts which is why we’re committed to finding hidden savings in your bills. Whether it’s spotting overpayments or negotiating better rates, we’re here to make sure you’re only paying for what you actually use. Streamlined Utility Management. Forget about juggling multiple utility accounts and dealing with confusing statements. We’ll simplify everything by bringing all your utilities under one roof so you can focus on what matters most—your business. Support Every Step of the Way. Our team of experts is ready to handle the details, from supplier negotiations to optimising your energy use. Think of us as your personal utility management team, always here to help you save time and money. Why Does This Matter? Energy management doesn’t have to be a hassle, and it shouldn’t be something that holds your business back. With TCD Energy and Knowsley Chamber working together, we’re aiming to change the game. We believe in making energy management accessible and straightforward, ensuring every business, no matter the size, can benefit from fair pricing and sustainable practices. Looking Ahead We’re just getting started. This partnership marks the beginning of an exciting journey toward more efficient and sustainable energy management for KCC members. We’re here to help you navigate the complexities, save money, and reduce your environmental impact all at the same time. Get ready for some big changes. We’re thrilled to have you with us on this journey and can’t wait to see what we can achieve together. Let’s make a difference together. Curious to learn more? Book your free consultation today by calling our friendly experts on 0333 335 5200 or email info@tcdenergy.com
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