Business Electricity Meter Types
There is a wide range of electricity meters that your business may have installed, depending on your electrici...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.
"Fantastic! Very happy with the service received Would definitely recommend"This review was posted by Room 305 on the 06th of December 2017
I've used Switch My Business for a few …
"I've used Switch My Business for a few years because they literally do everything for you with no fuss. Mark Weeks was incredibly helpful, friendly and understood how busy I was. He explained everything simply, clearly and found rates that matched my needs perfectly (needed a 0 fee standing rate gas supply). He prepared all the paperwork so all I had to do was print, sign and scan. Highly recommended!"This review was posted by Jay Grocott on the 06th of December 2017
Mark Weeks is very informative of the …
"Mark Weeks is very informative of the current market and helped us change our utility provider effortlessly on an attractive contract"This review was posted by Alex Slee on the 05th of December 2017
"It was a seamless switch and Mark Weeks was extremely helpful and knowledgeable. I will be using SMB again on the next renewal date."This review was posted by Marc Hesford on the 05th of December 2017
Mark Weeks provided quotations for my …
"Mark Weeks provided quotations for my search for alternative electricity supplier which were competitive though not significantly better than our current supplier. Very useful however."This review was posted by john barrus on the 05th of December 2017