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theenergyshop.com
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Definitions (41)
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billing period
This is the date range that has been used to calculate what you owe. So if the billing period is over the winter months, it will normally be a higher bill than if the billing period is over the summer [..]
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deemed contract
This contract applies when you move into a new home, and have not proactively signed up for a new supply of gas and electricity. In such circumstances you will be 'deemed' to have automatica [..]
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tariff/ tariff plan
The pricing plan that sets out the price you will pay for your gas and electricity, the way you will pay, and the discounts that you are entitled to. Suppliers have many different tariffs, which can be confusing, but it is an important piece of information to know as a customer. If you would like to make a comparison to switch suppliers, you will n [..]
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energy account
Much like your bank account or your mobile phone account, this is your customer record with the energy company. All the information about your gas and electricity usage, your energy tariff, how much g [..]
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energy account number
Again, just like your mobile phone account, each gas and electricity customer has a unique reference number. This is the quickest way for the energy supplier to identify you if you need to speak to them, and is found on the top of most correspondence they send you.
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big six
This term refers to the 6 biggest energy suppliers in the UK. These companies are: British Gas, EDF Energy, E.On, npower, Scottish Power and SSE (Scottish & Southern Energy).
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bill
Your bill is the breakdown of how much energy you have used, and what this has cost you. It is worked out from your meter readings, either estimated or the actual readings if you have provided these.
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balance
Like your bank balance, this is a record of how much you owe (or if you are lucky, how much the company owes you!).
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calorific value
This relates to the gas you use, and is a measure of how much heating power your gas contains. The calorific value will be the amount of energy that is released upon combustion of a unit of gas. The c [..]
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capped price tariff
Capped price tariffs can potentially offer the best of both worlds. If you have signed up to one of these, then the unit price you pay for your energy will not rise above a certain amount. However if the unit price falls, then the amount that you pay should also fall in line with the price drop. These types of tariffs can sometimes be a little more [..]
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