As businesses across the UK seek reliable and competitive energy providers, Corona Energy has established itself as a significant player, offering tailored products and pricing structures. This guide explores the various energy products provided by Corona Energy, including insights into their pricing strategies and benefits for businesses.
Overview of Corona Energy
Corona Energy, a leading independent energy supplier, caters primarily to the commercial sector. With a focus on delivering flexible and customer-centric energy solutions, Corona Energy serves a broad spectrum of businesses, from small enterprises to large corporations. The company prides itself on a personalised approach, ensuring that clients receive energy solutions tailored to their specific needs.
Corona Energy pricing list – Gas and electricity
Specific prices can vary based on contract type, market conditions, and individual business needs, so table below provides a indicative prices for Corona Energy:
| Product Type | Contract Duration | Price per kWh (Electricity) | Price per kWh (Gas) | Additional Fees | Notes |
|---|---|---|---|---|---|
| Fixed-Rate Contract | 1 year | £0.15 | £0.04 | £50/month standing charge | Prices locked in for the duration of the contract. |
| Fixed-Rate Contract | 3 years | £0.14 | £0.035 | £45/month standing charge | Lower rate due to longer commitment. |
| Flexible-Rate Contract | 1 year | £0.12 to £0.18 (varies) | £0.03 to £0.05 (varies) | £60/month standing charge | Prices vary with market conditions. |
| Energy-Only Contract | 1 year | £0.13 | £0.035 | Based on usage, additional T&D fees | Only energy cost; excludes transmission and distribution fees. |
| Renewable Energy Tariff | 1 year | £0.16 | £0.045 | £55/month standing charge | Guarantees a percentage of energy from renewables. |
Key points to consider:
- Fixed-rate contracts offer stability and predictability in pricing, making them ideal for businesses looking to avoid market volatility. The longer the contract, the lower the price per kWh, reflecting the commitment to a longer-term agreement.
- Flexible-rate contracts provide opportunities for businesses to benefit from market price decreases. However, they also carry the risk of price increases, depending on market conditions. The price range indicated (£0.12 to £0.18 for electricity, £0.03 to £0.05 for gas) reflects typical market fluctuations.
- Energy-only contracts are for businesses capable of managing additional components of their energy bills, such as transmission and distribution (T&D) costs. These contracts offer a base energy price, with additional fees for T&D services.
- Renewable energy tariffs are slightly higher than standard rates but help businesses meet sustainability goals. These tariffs ensure a portion of the energy consumed comes from renewable sources, aligning with corporate social responsibility initiatives.
Additional fees:
- Standing charges: These are fixed monthly fees to cover the cost of maintaining the energy supply to a business, including infrastructure and administrative expenses. Standing charges can vary based on the type of contract and the level of service provided.
- Transmission and distribution (T&D) fees: For energy-only contracts, businesses need to pay T&D fees separately. These fees cover the cost of delivering energy from the generation point to the business premises.
Pricing strategies
Corona Energy adopts a customer-centric approach to pricing, recognising that each business has unique energy needs. Their pricing strategies are designed to offer flexibility, transparency, and competitive rates. Key components of their pricing strategy include:
- Market-based pricing: Corona Energy’s flexible contracts are tied to real-time market rates. This allows businesses to benefit from price movements and optimise their energy costs. Market-based pricing is transparent, providing businesses with a clear view of how prices are determined.
- Customised pricing solutions: Corona Energy works closely with businesses to develop pricing solutions that match their specific consumption patterns and budgetary requirements. This customised approach ensures that businesses are not paying for more than what they need, allowing for efficient cost management.
- Risk management services: For businesses opting for flexible contracts, Corona Energy offers risk management services to help navigate market volatility. These services include market analysis and strategic advice, enabling businesses to make informed decisions about their energy purchasing.
Benefits of choosing Corona Energy
- Personalised service: Corona Energy places a strong emphasis on customer service, offering dedicated account management and support. This personalised approach ensures that businesses receive tailored advice and solutions.
- Flexibility: With a range of contract options, Corona Energy provides the flexibility needed to adapt to changing business needs and market conditions. This allows businesses to choose the most suitable energy product for their operational requirements.
- Sustainability commitment: By offering renewable energy options, Corona Energy supports businesses in their sustainability goals. This is increasingly important as businesses face growing pressure to reduce their environmental impact.
- Transparency and control: Corona Energy’s transparent pricing models and risk management services provide businesses with greater control over their energy costs. This transparency helps in making informed decisions, reducing the likelihood of unexpected charges.
For more, see our business energy comparison, and our price lists for business gas and business electricity.
FAQ – Corona Energy business pricing
Corona Energy offers several types of contracts for business customers, including fixed-rate contracts, flexible-rate contracts, and energy-only contracts. For example, a fixed-rate contract can offer a price of £0.15 per kWh for electricity and £0.04 per kWh for gas for a one-year duration, while flexible-rate contracts might vary between £0.12 to £0.18 per kWh for electricity, depending on market conditions.
Corona Energy determines fixed-rate contract pricing based on the length of the contract and market conditions at the time of signing. A typical one-year fixed-rate contract might be priced at £0.15 per kWh for electricity and £0.04 per kWh for gas. Longer contracts, like a three-year term, could offer lower rates, such as £0.14 per kWh for electricity and £0.035 per kWh for gas, due to the extended commitment.
Yes, businesses can benefit from market price changes by opting for Corona Energy’s flexible-rate contracts. These contracts allow businesses to pay between £0.12 and £0.18 per kWh for electricity, with the price adjusting according to real-time market conditions. Gas prices under flexible-rate contracts might vary from £0.03 to £0.05 per kWh.
Corona Energy applies monthly standing charges to cover the cost of maintaining the energy supply. For instance, a fixed-rate contract might have a standing charge of £50 per month, while a flexible-rate contract could have a higher standing charge of £60 per month. These charges help cover infrastructure and administrative costs associated with providing energy services.
Yes, Corona Energy offers renewable energy tariffs for businesses that want to include sustainable practices in their operations. A renewable energy tariff might be priced at £0.16 per kWh for electricity and £0.045 per kWh for gas. These tariffs usually include a standing charge of around £55 per month, which supports the infrastructure for sourcing and supplying renewable energy.
Energy-only contracts from Corona Energy allow businesses to purchase the energy component separately from other charges like transmission and distribution (T&D). For example, the base energy price could be £0.13 per kWh for electricity and £0.035 per kWh for gas. T&D fees are charged separately, depending on usage and location, which gives businesses more control over their energy costs.
Corona Energy ensures pricing transparency by clearly outlining all costs associated with their contracts. For example, fixed-rate contracts include a set price per kWh and a standing charge, such as £0.15 per kWh for electricity and a £50 per month standing charge. This transparency helps businesses understand their energy costs and budget accordingly.
Businesses can manage risk with Corona Energy’s flexible-rate contracts by utilising the company’s risk management services. These services provide market analysis and strategic advice, helping businesses navigate the price range of £0.12 to £0.18 per kWh for electricity and £0.03 to £0.05 per kWh for gas. This approach enables informed decision-making based on market trends.
Corona Energy’s long-term contracts, such as a three-year fixed-rate agreement, require a commitment to the agreed-upon rates for the duration of the contract. For instance, a three-year contract might offer electricity at £0.14 per kWh and gas at £0.035 per kWh, with a standing charge of £45 per month. This commitment ensures price stability over a longer period.
Corona Energy supports businesses in reducing their carbon footprint by offering renewable energy tariffs. A typical renewable energy tariff costs £0.16 per kWh for electricity and includes a standing charge of £55 per month. These tariffs ensure a portion of the energy supplied is sourced from renewable resources, helping businesses meet sustainability targets.