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.
Excellent service from Cheryl
"Excellent service from Cheryl"This review was posted by Chris on the 03rd of July 2020
"Very easy to use and Lorraine was very helpful. Made the whole changeover business very smooth and a pleasure to do."This review was posted by Andrew on the 01st of July 2020
"Very easy doing business with Lorraine. Prompt and effiecient"This review was posted by james clancy on the 01st of July 2020
Lorraine was great
"Lorraine was great. So easy to do."This review was posted by Roz on the 30th of June 2020
very easy process dealt with and…
"very easy process dealt with and processed all in one go."This review was posted by Carol Freeman on the 29th of June 2020