Ørsted, a global leader in renewable energy, offers a range of energy products tailored to businesses. This guide provides a comprehensive overview of Ørsted business energy offerings and their pricing structure.
Overview of Ørsted
Ørsted, formerly known as DONG Energy, has transformed from a traditional fossil fuel company to a leader in renewable energy. Headquartered in Denmark, Ørsted operates globally, with a significant presence in the UK.
The company is a major player in offshore wind power and has committed to providing green energy solutions to reduce carbon emissions and combat climate change. Ørsted’s business energy solutions focus on sustainability, offering products sourced from renewable resources.
Ørsted business energy pricing list – Gas and electricity
Please note that prices may vary based on specific circumstances and market conditions, and businesses should contact Ørsted directly for the most accurate and up-to-date pricing information.
| Product Type | Contract Length | Energy Source | Price per kWh (£) | Estimated Annual Cost (based on 100,000 kWh/year) |
|---|---|---|---|---|
| Fixed-Rate Energy Contract | 1 Year | Standard Mix | £0.125 | £12,500 |
| Fixed-Rate Energy Contract | 3 Years | Standard Mix | £0.120 | £12,000 |
| Flexible-Rate Energy Contract | 1 Year | Standard Mix | £0.115 – £0.130 | £11,500 – £13,000 |
| Flexible-Rate Energy Contract | 3 Years | Standard Mix | £0.110 – £0.125 | £11,000 – £12,500 |
| Green Energy Solution | 1 Year | 100% Renewable (Wind) | £0.135 | £13,500 |
| Green Energy Solution | 3 Years | 100% Renewable (Wind) | £0.130 | £13,000 |
| Customised Solution | Variable | Standard/Renewable Mix | £0.120 – £0.140 | £12,000 – £14,000 |
Notes:
- Price per kWh (£): Represents the cost per kilowatt-hour of energy consumed. This can vary based on market conditions, energy source, and contract length.
- Estimated Annual Cost: Based on a hypothetical annual consumption of 100,000 kWh. Actual costs will vary depending on the specific usage of a business.
- Standard Mix: Refers to a mix of energy sources, including both fossil fuels and renewable energy.
- 100% Renewable (Wind): Refers to energy sourced entirely from renewable resources, specifically wind power in this case.
- Customised Solution: Pricing for customised solutions will depend on the specific needs and preferences of the business, including the desired mix of standard and renewable energy, and may include a wider range of prices.
Business energy products and pricing offered by Ørsted
Ørsted provides a variety of energy products tailored to different business needs, ranging from small enterprises to large corporations. Here’s a breakdown of their key offerings:
1. Fixed-rate energy contracts
For businesses looking for predictability in their energy costs, Ørsted offers fixed-rate energy contracts. These contracts lock in energy prices for a specified period, typically ranging from one to three years. This option is ideal for businesses that need to manage their budgets and prefer not to be exposed to the fluctuations of the energy market.
2. Flexible-rate energy contracts
Flexible-rate contracts allow businesses to take advantage of market movements. Prices may vary based on market conditions, providing opportunities to capitalise on lower prices. This product is suitable for businesses that can handle price variability and are looking to benefit from potential cost savings when energy prices dip.
3. Green energy solutions
Ørsted is a pioneer in renewable energy, offering 100% green energy solutions for businesses. These solutions primarily come from wind power, which Ørsted has heavily invested in over the years. By choosing green energy options, businesses can reduce their carbon footprint and demonstrate a commitment to sustainability, which is increasingly important to customers, investors, and regulatory bodies.
4. Customised energy solutions
Understanding that no two businesses are the same, Ørsted offers customised energy solutions tailored to the specific needs of a business. This may include a mix of fixed and flexible rates, tailored renewable energy solutions, or specific contract lengths. Customised solutions are ideal for businesses with unique energy needs or those looking to implement comprehensive sustainability strategies.
Business pricing structure and factors influencing Ørsted cost
The pricing of Ørsted business energy products depends on several factors, including market conditions, contract length, energy consumption levels, and the choice between fixed and flexible rates. Here’s what businesses should consider:
1. Market conditions
Energy prices fluctuate due to a variety of factors such as supply and demand, geopolitical events, and changes in global energy policies. Businesses opting for flexible-rate contracts will find their energy costs influenced by these market dynamics.
2. Contract length
Longer contracts typically offer more stable pricing. Fixed-rate contracts provide the advantage of knowing exact costs over the contract duration, which is beneficial for long-term financial planning. However, businesses should be aware that committing to a long-term contract may mean missing out on potential savings if market prices fall.
3. Energy consumption
The volume of energy consumed by a business directly impacts pricing. Higher consumption levels may lead to lower per-unit costs due to economies of scale. Ørsted works with businesses to analyse their consumption patterns and offer pricing that aligns with their usage levels.
4. Renewable energy options
Choosing green energy products may involve a premium, but it also provides value beyond cost savings. Businesses that invest in renewable energy solutions can benefit from enhanced brand reputation, alignment with corporate social responsibility goals, and compliance with environmental regulations.
Additional considerations for businesses
When selecting an energy supplier and product, businesses should consider not only the cost but also the supplier’s reliability, customer service, and commitment to sustainability.
Ørsted’s focus on renewable energy makes it an attractive option for businesses looking to enhance their sustainability credentials.
Furthermore, Ørsted offers comprehensive customer support, ensuring businesses have access to expert advice and tailored solutions.
For more, see our business energy comparison, and our price lists for business gas and business electricity.
FAQ – Ørsted business pricing
Ørsted offers fixed-rate business energy contracts at £0.125 per kWh for a 1-year contract and £0.120 per kWh for a 3-year contract. These prices provide businesses with cost certainty over the contract period.
Ørsted flexible-rate pricing allows businesses to benefit from market fluctuations. The rates can range from £0.115 to £0.130 per kWh for a 1-year contract and £0.110 to £0.125 per kWh for a 3-year contract, depending on market conditions.
Ørsted’s green energy solution, which sources 100% of its power from renewable resources like wind, is priced at £0.135 per kWh for a 1-year contract and £0.130 per kWh for a 3-year contract. This option allows businesses to reduce their carbon footprint while locking in competitive rates.
Yes, Ørsted offers discounts based on energy consumption levels. For businesses consuming 100,000 kWh per year or more, customised pricing options are available, typically ranging from £0.120 to £0.140 per kWh, depending on the specific energy mix and contract terms.
For a business consuming 100,000 kWh per year, the annual cost with Ørsted 1-year fixed-rate contract at £0.125 per kWh would be £12,500. With a 3-year fixed-rate contract at £0.120 per kWh, the annual cost would be £12,000.
Ørsted calculates customised energy solution pricing based on several factors, including the desired energy mix, contract length, and annual consumption levels. Prices typically range from £0.120 to £0.140 per kWh, ensuring that the solution meets the specific needs and budget of each business.
The savings with Ørsted flexible-rate contracts depend on market movements. If energy prices drop, businesses can pay as low as £0.110 per kWh on a 3-year flexible-rate contract, potentially saving £1,000 annually compared to a fixed-rate contract at £0.120 per kWh for 100,000 kWh consumption.
Ørsted’s green energy solution costs £0.135 per kWh for a 1-year contract, which is slightly higher than the standard mix rate of £0.125 per kWh for the same contract length. However, the environmental benefits and brand value associated with renewable energy can outweigh the price difference.
Yes, Ørsted offers customised pricing solutions that can be negotiated based on specific business requirements. These negotiations take into account factors such as energy consumption, contract length, and the proportion of renewable energy desired, leading to prices typically ranging from £0.120 to £0.140 per kWh.
Ørsted 1-year fixed-rate contract is priced at £0.125 per kWh, whereas the 3-year fixed-rate contract is priced at £0.120 per kWh. This represents a difference of £0.005 per kWh, equating to an annual saving of £500 for a business consuming 100,000 kWh per year by choosing a 3-year contract.