We wrote to customers in the Spring of last year (2017) to update on the electricity charges which prevailed at that time and highlighted that we would be conducting a tender process during the Autumn of 2017 to inform electricity charges for the two year period commencing November 2017.
Electricity prices vary regionally based on best local supplier and the weighted average prices that we will be paying across the whole of BWML are as follows:
The pricing matrix below shows the new prices that will be charged to customers including an adjustment for the under-recovery in the period 1 November 2017 to 31 March 2018 to cater for the timing difference between the date change in our supply rates and the review of our electricity charges.
|Marina||Current Rate||Unit cost adj.||Add in kVA||Standing Charge||Under/over recovery||New charge||Inc. VAT @ 5%|
The above prices will be in place until 31 October 2019, which will align future rate changes with the renewal of our electricity supply contract.
Electricity prices have risen sharply since the previous tariff charged, but it has to be recognised that the rate being charged up to 31 March 2018 has been in place since November 2015.
The overall average unit rate across all BWML marinas is 13.5p per unit (inc. VAT) which compares similarly to domestic (housing rates) which are generally in the 11.5–14p / kwh range currently*
* Domestic rate quoted excludes daily standing charge payable which is incorporated into our unit rate.
This will be increasing to £42 per customer account per year effective from 1 May 2018, as calculated below. The service charge will continue to be reviewed on an annual basis.
|Infrastructure Expenditure (10 year life)|
|Provision and installation of bollards||241,921|
|Supply and installation of metering hardware and software||58,880|
|Electrical supply upgrades and works||162,764|
|Useful life (years)||10|
|Infrastructure cost per year||46,357 [A]|
|Annual running costs|
|Consumables (cards, tokens etc.)||4,036|
|Support contracts for software||4,524|
|Maintenance and repairs||25,495|
|Annual running costs||38,111 [B]|
|Total annual costs of providing electricity [A] + [B]||84,468|
|Number of customers||2,005|
|Annual charge per customer||£42.13|