copyright © corona energy 2014. all rights reserved. your invoice explained available through...

Copyright © Corona Energy 2014. All rights reserved.

Your invoice explainedAvailable through myGuides


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Invoice Format

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Sample Customer1 New RoadNew TownN1 1DW


Account information

1. Your ref2. Customer ref3. Billing period4. Gas Supplied to

Your ref is a custom reference provided by you to help manage your accounts

Customer ref is your Corona Energy account numberBilling period is the month of consumptionClick on the numbers to display further information

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33

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Gas supplied to is the location of the meter


2211


Meter information

1. Meter point reference2. Meter serial number3. Types of read4. Correction factor5. Corrected consumption6. Calorific value7. Total kWh

Demo Customer1 New RoadNew TownN1 1DW

11 22 33 44 55 66 77

Click on the numbers to display further informationYour meter point reference number is the unique identity number for the physical location of your meter

Your meter serial number is the physical identity of the meter itself; this will change if the meter is exchanged or removed from your property

Types of read are identified by the following characters:A = Actual ReadC = Customer ReadR = Automated ReadE = Estimated ReadX = Replacement ReadF = Final reading for a withdrawn meter

The correction factor is the correction of the volume from the gas recorded by your meter to standard temperature and pressure conditions

The corrected consumption is the metered consumption after the correction factor has been applied

The calorific value is the energy value of the gas supplied to your address for the period of the bill

The Total kWh is consumption in kWh derived from corrected metered consumption

332211



Billing information

1. Rate p/kWh2. Climate Change Levy3. Daily Charge4. AMR Charge5. Total Invoice Charge

Want to know more about how these charges are calculated? Click here for details


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Total invoice charge is the total of all the pricing elements shown on the invoice; consumption, CCL, Daily charge, AMR charges and VAT

AMR Charge relates to our automated meter reads service and will only appear on your invoice if you are contracted with our AMR service

Daily charge is your contracted rate for non-commodity costs such as transportation, metering and reading costs

Climate change levy (CCL) is a government imposed tax to encourage energy efficiency within the business sector

Rate p/kWh is the unit rate for your gas consumption in pence per kWh

Click on the numbers to display further information

44332211


Calculating your invoice


22 4466

77

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665544332211

How to calculate your invoice:

1. Subtract the previous reading from the present reading:30795 – 28421 =2374

2. Multiply by the correction factor:2374 * 1.022640 = 2427.7473

4. Multiply by calorific value:2427.7473 * 39.2 = 95167.694

6. Multiply by Reading Factor26435.47 * 1 = 26435.47

7. Multiply by price per kWh & divide by 100 (this is your value in Pounds prior to VAT)26435.47 * 2.3979 /100 = £633.89

8. Volume associated with CCL to be multiplied by CCL rate & divide by 100 (this is your CCL charge in Pounds prior to VAT)26435.47 * 0.1880 / 100 = £49.70

9. Add total consumption, CCL total and Daily charge together to get your charges for the period excluding VAT£633.89 + £49.70 + £114.39 + £13.95 = £811.93

10. VAT is then calculated against the combined total to give your final charge

1010

3. Multiply by the 2.83 (not applicable if meter is metric)

5. Divide by 3.695167.694 / 3.6 = 26435.47


VAT and Climate Change Levy

Both VAT (Value Added Tax) and CCL (Climate Change Levy) are applied on behalf of the government to gas

supplied in the UK. CCL is currently charged at a rate of 0.1880p/kWh and VAT is applied at the standard rate

(20% since January 2011) for all gas used for commercial purposes.

VAT – Apply for reduced rateUK businesses need to pay, however some gas consumers - for

example charitable businesses and domestic dwellings - attract a

reduced rate of VAT (currently 5%):

•Customers can apply for the reduced rate by self certifying using a

VAT Reduced Rate Certificate form, available below

•The reduced rate may be applied to some or all of their

consumption, depending on the usage patterns of the customer.

•Any reduced rate consumption is automatically exempt from CCL,

as CCL only applies to gas used for commercial purposes.

All UK businesses need to pay CCL, with the following exceptions:

•Energy intensive sectors (covered by the Integrated Pollution and

Prevention Control Directive ) will receive discounts of up to 80%

•Horticultural producers using energy for specific growing or

sterilisation purposes will receive discounts of 50%

•Domestic, residential and registered charity users are exempt

•Good quality combined heat and power (CHP) and renewable

generation is exempt (except for large-scale hydro generation)

•There are also exemptions for some processes that use energy,

but not as fuel.

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CCL - Who needs to pay?

What is CCL?The Climate Change Levy is a government tax on energy for business customers. The tax is levied on all business users of energy, including

the public sector, at the point of final consumption. The tax aims to reduce energy use to help the UK meet its commitments to reduce

greenhouse gas emissions under the Climate Change Convention.

If you think you are eligible for a discount, please

complete our VAT form:

665544332211

copyright © corona energy 2014. all rights reserved. your invoice explained available through...

Documents

meter information

meter sample customer

invoice consumption

new road new town n1

automated meter

total invoice charge

withdrawn meter

gas consumption