The UK Retail Landscape
The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a ...Read More
The gig economy is showing no signs of slowing down and micro businesses are thriving, with 76% of UK businesses employing nobody aside from the owner.
If you’re one of the many who has started a business from home, you may have wondered about if you’re eligible for a business energy contract. In this guide, we tell you all you need to know:
If you are a sole trader and you work from home you may well be eligible for business energy. Additionally, you’ll probably meet the definition of a microbusiness, meaning you’ll be eligible for greater protection than larger businesses.
Use less than 200,000 kWh of gas or 55,000 kWh of electricity a year,
Have fewer than ten employees (or their full-time equivalent)
An annual turnover or annual balance sheet total of €2m or less.
Business energy is different from domestic energy in a number of ways:
To switch to a business energy contract you’ll need to be able to prove that you are running a business and use a significant portion – usually 50% – of your energy to run your business. Whilst this may sounds like a lot, most people working from home and using lighting, heating and electricity for business purposes will be eligible. When you work out how much energy you use for business purposes remember to deduct appliances like fridges which would be on regardless from your figures.
Micro-businesses get an extra level of protection, to ensure that they aren’t taken advantage of by unscrupulous brokers or suppliers.
When firms work with a micro business they are required to put the end date and notice period on all fixed term contract bills, what’s more, microbusinesses benefit from a reduced notice period – just 30 days instead of 90. Smaller businesses can inform their supplier that they want to switch at any time in their contract, although the switch won’t actually occur until the notice period begins. When a microbusiness approaches the end of their contract, their supplier must let them know how much energy they’ve used throughout the contract, and what other deals are available to them.
If you’re a small business and want to discuss your energy usage, call us on 0800 411 8830 or fill in our online quote form.
Very easy and simple
"Very easy and simple - how it should be. Cheryl was professional and friendly - Thank you."This review was posted by Louise on the 25th of February 2020
Really easy straightforward switch…
"Really easy straightforward switch process, Jack Coyle was really helpful and engaging. Made the whole process hassle free."This review was posted by Taira on the 25th of February 2020
Cheryl helped me alot and really…
"Cheryl helped me alot and really appreciate effort, everything was at my own pace which was really nice."This review was posted by Blend Bapir on the 25th of February 2020
"Cheryl, was a fantastic help! Mad a boring task bearable, Very pleasant and went above and beyond to ensure it was an easy transition- Thanks again Cheryl!"This review was posted by Laura Taylor on the 21st of February 2020
Jack Coyle was a huge help
"Jack Coyle was a huge help, saved us almost 50% off my dads electric bill! Took no more than 5 minutes to sort out"This review was posted by J Ganer on the 20th of February 2020