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Orsted Energy Rates, Tariffs And Reviews

Business Energy Comparison

As a UK business owner, energy is probably at the forefront of your thinking of late. Should you stick with your current energy company or switch to a different company? Are you looking for an option that promotes green energy?

If the answer to the second question is yes, you may want to look at the eco-friendly Danish provider Orsted at the end of your current energy contract. Let’s take a look at whether Orsted is a suitable fit for your business with regard to rates, tariffs and its renewable energy projects.

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Orsted Overview

Orsted, formally known as Dong Energy, is a Danish global leader in the supply of renewable energy. In its fledgling Dong Energy days, beginning three decades ago, the company was a ‘black’ energy business dealing in coal power.

Since then, under its new Orsted title, it has become more and more entrenched in providing green energy. It has now become a truly renewable energy company. World-renowned for its proactive renewable energy projects, Orsted aims to be a coal-free provider during the course of the current year. It plans to switch its operation entirely to green energy.

Orsted holds an incredible 25% share of the total international offshore wind market. Though the company’s headquarters is Denmark-based, it constructs and utilises offshore wind farms throughout Asia, Europe and the United States.

Orsted is a global enterprise. Its offshore wind farms alone are capable of providing offshore wind power to close to 10 million people the world over. The offshore wind farms that provide green energy to the UK are mostly scattered around the North Sea.

Orsted has earned accolades for its capacity to operate offshore wind farms and onshore wind farms simultaneously.

The Corporate Knights index of the Global 100 Sustainable Corporations ranked it as the world’s most sustainable energy company in 2021. The provider is still the global leader in green energy, ahead of all other business electricity suppliers.

Orsted’s vision and goal is to create a world that runs entirely on green energy. It is forging the way forward in the oil and gas industry with its development of offshore wind farm projects and other green fuel facilities.

Orsted Business Electricity: Rates And Tariffs

We’ve already covered Orsted’s commitment to creating a world that runs entirely on green energy. In order to achieve this goal, the energy provider delivers a variety of electricity solutions. These include flexible and fixed-rate energy contracts.

Here are some of the renewable energy solutions that Orsted offers to business customers:

Variable-rate business contracts

Orsted offers variable-rate contracts to businesses. These are more flexible than the fixed-rate contracts it offers, which we’ll cover afterwards.

A variable-rate contract means you can benefit from any energy market fluctuations. It also means you could be worse off than with a fixed-rate contract. There is more risk involved in a variable-rate contract due to increases and dips in the wholesale energy market. If you’re a risk taker and trust your instinct, this could be the energy solution for your business.

The beauty of a variable-rate contract is that you’re afforded flexibility, so you’re able to switch your energy tariffs at any time you choose. These contracts mean you’ll have to do more research into the market, but the rewards can be great.

If you’re a bit of a bargain hunter always looking for the best deal, a variable-rate solution could be the option for you.

Fixed-rate business contracts

Like variable-rate energy contracts, your fixed-rate contract option features energy mainly powered by either an onshore or offshore wind farm. Orsted’s fixed-price business gas prices compare and business electricity prices provide gas and electricity to customers from a host gas pr of renewable energy sources.

These include the above-mentioned offshore and onshore wind farms and various other bioenergy plants. Your fixed-rate contract will be offered for a fixed-term period, most commonly three years. Fixed-rate business solutions are Orsted’s most popular tariffs due to the lack of risk and easier budgeting.

Your business will gain preset control over its energy costs on signing the contract. You will be equipped to budget better for the entirety of the deal. Fixed-rate deals will likely work out to be the most cost-effective options in the long term and are the least risky.

What are the benefits? Well, your set energy price won’t change for the entire contract term, and they’re much simpler for the business owner. You won’t have to spend much time watching the market and can leave your energy to the professionals without any concerns that you’ll lose money.

Deemed business rates

You’ll pay deemed rates for your business if you’re without an existing energy contract. If your energy contract has expired and you haven’t changed your provider or renewed with your existing one, you’ll pay these rates. If you have Orsted as your energy supplier, your business profile class and distribution region will define what deemed rates you pay.

Be aware that deemed rates are often much higher than contracted rates, and you’ll have to pay both an electricity unit fee and a daily standing charge. It’s advisable to take out a contract with a new provider or renew your contract with your existing one to save money.

To request a variable or fixed-rate business quote contact Orsted’s customer service team on 0800 0568 101. They’ll be able to answer any questions you have.

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Orsted Reviews

Orsted has just over 2,900 reviews on Trustpilot, with the offshore wind expert achieving an overall star rating of 3.2/5. In comparison to some of the other UK energy providers Orsted’s 5-star rating percentage of 44% is slightly on the low side.

The Danish global leader also has a high single-star review rating compared to many, with 28% of its total being 1-star ratings.

The majority of negative reviews pertain to Orsted’s customer service and billing departments. Customers complain about a lack of quality service and bills that aren’t accurate.

On the positive side, there are also good reviews complimenting Orsted on its customer service. Customers are also complimentary of its dedication to its offshore wind and other renewable energy projects.

The fact that Orsted responds to each and every one of its reviews is commendable. Mention should also be made of the positive light that its recent Klimasafari experience for customers has shone on the company.

Conclusion

When Orsted started operating its first offshore wind farm, it’s unlikely it would have predicted the incredible growth it’s experienced. The way people view energy has changed. The distinct need for greater sustainability and the generation of renewable energy has transformed the company.

With constant changes within the energy industry, we at Business Energy Comparison aim to keep you up to speed on the market changes and the energy suppliers involved. We’ll highlight every supplier so you have constant knowledge of which will serve your needs the best.

Frequently Asked Questions

Is offshore wind a reliable source of power?

The growth that Orsted has experienced in the decade since utilizing offshore wind as its primary energy source has been remarkable. It now owns approximately a quarter of the world’s offshore wind energy provision, and the company is still growing. This ongoing success is an example of the reliability of offshore wind as an energy source.

Another example of the reliability of wind energy is that energy can generate through wind turbines. As such, other kinds of wind power serve as backups to the many offshore wind farms situated all over the world. It’s safe to say that an offshore wind will always be blowing somewhere.

How many offshore wind farms does Orsted have in the North Sea region?

Orsted either owns or part-owns 13 functioning offshore wind farms in the North Sea area, all of which supply energy to the UK. This offshore wind power generates enough green electricity to supply more than 7 million UK properties with power annually.