DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...Read More
The investigation found that 45% of SMEs and micro-businesses are on pricey default rollover tariffs, paying well above the odds for their gas and electricity.
Following their investigation, The CMA has recommended that suppliers end expensive automatic rollover tariffs and reduce termination fees. They also want to encourage businesses to switch suppliers, even suggesting that micro-businesses be included in a database that will be searchable by rival suppliers.
Why? Well, there are a few reasons. Do you recognise any of them?
Rolling over onto a default tariff is the path of least resistance, and might be seen as preferable to reading the small print on contracts. Energy paperwork can be confusing at the best of times, with renewal windows and potential termination fees to deal with.
Small business owners already wearing multiple ‘hats’. Adding energy comparison into the mix can seem like one responsibility too many. There are now so many energy providers out there – from the big six to small providers – that gaining a comprehensive view of the market is a weighty task.
Switching energy provider is akin to saving energy – it’s something you know you should do, but somehow it just doesn’t happen,. According to consumer psychologist Philip Graves, the reason for this is hard-wired into our brains. The savings promised by switching energy providers aren’t instant – you won’t see the money in the bank tomorrow, or even in a week’s time. That makes them harder to imagine and therefore less attractive.
What’s more, we don’t really think about our energy supplier that much, and when we do it’s usually in a negative way – e.g. after news stories about price rises and rip offs . This makes us think of energy itself as a depressing topic, and therefore we become resistant to thinking about it at all.
You may be sceptical about how much you could actually save – which is a real shame considering that some businesses can save up to 70% on their bills by switching to a cheaper tariff.
You may be overestimating the effort it takes to switch. Yes, if you try and do everything yourself things can get very complicated very quickly. However, by using an impartial broker you can streamline the process, and let somebody else do the legwork.
Whichever reason applies to you, there really is no reason not to compare energy tariffs. Our process is quick and easy – just fill in the online form to get your quote, or give us a call on 0800 411 8830. Our expert switchers know the energy market inside out, and will do find you the best deal possible, with minimum fuss. What do you have to lose?
I dealt with Janis recently on renewing…
"I dealt with Janis recently on renewing our energy supplier. Quick, concise and very professional! Thank you"This review was posted by Paula Barnsley on the 23rd of March 2018
Spoke to Jess
"Spoke to Jess. She was very clear with the options and it was all very straight forward to switch, including providing template emails and contact details to contact my existing provider. Highly recommended"This review was posted by Phil on the 23rd of March 2018
Excellent service provided by Lorraine…
"Excellent service provided by Lorraine Carey. Not only was she efficient, cheerfully & pleasant but took all the hassle out switching service providers"This review was posted by Norwegian Log Buildings Ltd on the 22nd of March 2018
Arron Newton made the switch process very easy
"Arron Newton helped me with our business switch - he was extremely well informed about the energy market and helped me find the best deal. The process was very easy."This review was posted by sue nolan on the 22nd of March 2018
"Everything was explained clearly by the representative, Mark Weeks, and it made the renewal of our utility supplier painless. Prices quoted were competitive and we were able to secure a better price than expected. The process was quick and efficiently dealt with. Jim, owner of Four Seasons Greengrocers, Crediton, Devon"This review was posted by Jim Bond on the 21st of March 2018