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 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.
"Quick, simple, responsive and honest feedback across a number of suppliers has saved us significantly on our renewal quote. I can’t fault the service received"This review was posted by Mark on the 23rd of April 2018
Mark Weeks was very helpful in seeking…
"Mark Weeks was very helpful in seeking to obtain the cheapest rates in the market and went out of his way to follow-up on queries I raised."This review was posted by Rob Warne on the 20th of April 2018
"Mark Weeks, Helpful as ever. Allways responsive. Recommend! MD Silchester Control Systems"This review was posted by Michael Cottle on the 20th of April 2018
Had a problem with our electricity…
"Had a problem with our electricity supply being switched to us by out landlord without notice and put on to out of contract rates with a supplier we do not like. Nicole from Switchmybusiness.com understood where we were coming from and out urgent need to get cheaper contact rates. Nicole provided valuable assistance guiding us through the process and maintaining great communication throughout. A pleasure to deal with."This review was posted by Phil on the 19th of April 2018
Excellent service from Janis Sargeson
"Excellent responsiveness from Janis - easy to understand tariff information and fast service. Ours was not a large account by value, but proportionally we more than halved the cost of the electricity supply."This review was posted by Andy Longden on the 18th of April 2018