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Corona Energy, owned by the Australian Macquarie Group positions itself as the “leading commercial energy supplier to British based businesses” specialising in public sector contracts.
The management of such complex contracts has stood them in good stead as they've built their private sector portfolio.
The Watford based business:
Corona Energy offer the option of an ‘SME Fully Fixed’ product and an ‘SME Fixed’ product These product names can be confusing given their similarity however there are fundamental differences between the two. SME Fully Fixed adopts a policy of fully fixing all elements contained within their fixed contracts; this includes all third party charges*. This is a market leading position and means that when you agree an SME Fully Fixed contract with Corona Energy you are safe in the knowledge that the price will remain at the level agreed throughout the contract.
In contrast SME Fixed adopts a policy of fixing only the energy (commodity) element of the price. This means that when you agree an SME Fixed contract with Corona Energy the price can change through the contract term to reflect additional costs.
Corona Energy's contracts however do not contain CFD regardless of the contract option. This is charged on top of the agreed contract rates. Corona Energy also reserves the right to amend the terms of their contract in exceptional circumstances. These include:
To find out more visit our Guide to Fixed Prices.
Corona Energy is signed up to the Energy UK Back Billing standards. Corona limits its maximum period for back billing to between four and five years for gas and three years for electricity. Many suppliers have voluntarily limited their back billing rights to two years and in some cases a single year However equally a number of suppliers are not signed up to the Energy UK Back Billing standards and therefore, under the Limitations Act, are able to back bill their customers for anything up to 6 years. Corona Energy are therefore one of the less amenable suppliers in this area making a smart meter a sensible choice with Corona. To find out more visit our Guide to Back billing.
In order to act on your behalf in securing your business a great energy deal Corona Energy require us to have a signed Letter of Authority from yourselves.
The fastest way to authorise us to work on your energy supply arrangements is to use our eSign service to agree our Evergreen Letter of Authority. We’ll take care of all correspondence, handle all the loose ends and enable you to focus on establishing your business in its new premise. And what’s more once your contract is in place we’ll manage your supplier relationship from beginning to end, all part of the lloyd Energy service.
Moving into a premise is known as a Change of Tenancy in the business energy market. It has also been termed a Change of Occupier or is known by its acronyms CoT and COO. However it is referred to, the opportunities it opens up are the same. This is great news for deal seekers. Whilst the existing supplier is obliged to continue to provide energy to the new occupier, the occupier is not obliged to take out an extended contract with that supplier. Indeed a Change of Tenancy customer has total freedom of movement and is free to accept a contract with a supplier of their choice There are however of course a number of rules and requirements. Firstly, as the new occupier, if you use energy you will need to pay for it, regardless of your contractual status. Secondly, you will need to identify as quickly as possible the identity of the existing supplier Thirdly, you will need to field calls from sales organisations and the existing supplier themselves offering you contracts of varying lengths to continue or to begin to supply the premises. As a result as a new occupier you will need to agree a new contract either with the existing supplier or with a new supplier of your choice. Not only that but you will need to inform the existing supplier as quickly as possible that you are the new tenant to prevent you being held liable for charges incurred by the previous occupier should they not have ended their agreement satisfactory. It can prove a real headache knowing whom to trust – whether it’s the old tenant, the landlord the current supplier, the pushy salesman ringing, knocking and emailing, the prospective new suppliers. That’s where lloyd Energy comes in, by working on your behalf, identifying your existing supply arrangements, reporting your change of tenancy, ensuring you are not held liable for costs not incurred before your occupation and benchmarking contracts for your selection we can help you save time, money and a whole lot of stress.
Corona Energy sends their renewal letter to customers around 90 days in advance of the contract end date. This will contain Corona Energy‘s proposal for your rates for the coming period. It may provide a variety of options or a single price. It will however not be the most competitive price available in the market as the renewal letter is designed for customers who don’t use an energy broker and as such are priced at a higher level than can be obtained in the market. If you have a Corona Energy invoice and are in doubt feel free to fax us your bill on 0208 328 7788 or send it to info@lloydenergy.co.uk and we will help.
You are required by Corona Energy to provide written notice at least two months before your contract ends of your intent to terminate your contract at the end of its fixed period.
Corona Energy operate a policy of selling auto-rollover contracts. If you fail to terminate your existing contract more than 2 months ahead of your contract end date you will be rolled over for a fixed term of 12 months. By using lloyd Energy you can avoid the costly mistake of falling into the rollover trap and paying premium rates for 12 months. To find out more visit our Guide to Rollover Contracts.
If you have provided termination notice to Corona Energy and expressed your intent for freedom of movement at contract end but you fail to leave Corona Energy's supply you will be placed on Corona Energy's out of contract rates. Don't be caught out! By using lloyd Energy to manage your energy contracts we will terminate and manage your new contract seamlessly to ensure you avoid penalty rates.
As at their release date of 1st April 2013, a Corona Energy gas customer will be required to pay 5.5p/kWh for each unit of gas used whilst out of contract and a standing charge of 270.00p/day. Even one week exposed to this level of charges mounts up, that's why clients taking our contract life management service makes sense: removing your exposure risk and letting you focus on your business confident in the knowledge that your energy contracts are in safe hands. To find out more visit our Guide to Out of Contract Rates
Corona Energy operate a policy of billing their customers on a monthly basis. Corona Energy do not currently offer their customers online billing. This means Corona Energy customers will continue to receive paper invoices. If you have a Corona Energy invoice and are in doubt feel free to fax us your bill on 0800-208-8301 or send it to info@lloydenergy.co.uk and we will help.
Corona Energy include AMR installation and access to their energy service portal within all of their contracts meaning the end of estimated bills as well as providing the foundation for a more energy efficient business. For more information on Suppliers' policies on smart metering visit our Guide to Suppliers & Smart Meters.
Corona Energy do not currently provide renewable or green energy products within their portfolio. To find out which suppliers meet your green and renewable needs call us on 0800-208-8301. For the reporting period 2013/14, Corona Energy did not disclose their Fuel Mix, however over the same period the national average was:
Producing CO2 of 428g/kWh and High Level Radioactive Waste of 0.0017g/kWh To find out more visit our Guide to Fuel Mix.
Does Corona Energy sound like the business energy supplier you’re looking for? If so call now on 0800-208-8301 or alternatively the fastest way to authorise us to work on your energy supply arrangements is to use our eSign service to agree our Evergreen Letter of Authority. Not sure if Corona Energy is right for you? If you're looking at switching your energy supplier, we're here to help you determine whether Corona Energy is right for you. We take the research, negotiation and paperwork off your hands and help you switch to a better deal with your choice of new energy supplier. How we help you switch your business energy supplier. Our team of energy experts can help you determine whether Corona Energy is going to be the right supplier for you. The service we provide is independent and impartial, making sure that you get exactly the right deal for your business.