Energy News – 24/02/2017
What’s been making headlines across the energy world this week? We round up the big stories from the las...Read More
This article was updated 14th September 2016
A 2015 Ofgem report found that, on average, small businesses spend £5,000 a year on mains electricity, and £4,000 on gas. A number of businesses reported that energy bills accounted for over 10% of operating costs. However, with high prices come potentially high savings, and many businesses could save hundreds by moving to a cheaper energy tariff. Here’s how to go about it.
Switching energy provider is easier than you think, and there’s no reason to put it off. The sooner your company moves on to a cheaper tariff, the sooner you can start saving money.
Business energy prices change more quickly than domestic energy, meaning that a dip prices won’t necessarily last for long. Keep your eye on the news and when you spot an opportune time, take action.
Your current business energy contract will likely have terms and conditions that mean you will incur a fine if you switch before a certain date. You may only be able to switch within a few months of your renewal date, however if you fail to take action you could be automatically placed on a new rollover contract with your current provider. These contracts tend to be expensive, and can lock you in for another 12 months.
It is now a legal requirement that business energy bills contain details of when the current contract is due to end as well as the latest date on which customers can give notice they are moving to a new supplier.
Take regular meter readings to see how much gas and electricity you are using, and what times.
This information is very important when it comes to choosing the right tariff: gas and electricity tariffs usually involve a standing charge and a unit charge, so the best deal for a high energy user will not necessarily be the cheapest option for a firm with low gas and electricity usage. An increasing number of businesses have half-hourly, or smart, meters. If you have one of these you can get far more refined data about your energy consumption, which is helpful when negotiating a new contract.
Cutting costs is the most common reason for changing energy supplier. But as well as paying less for gas and electricity, you may want to tie in to a longer contract that guarantees no price increases over a certain period of time.
Equally, you could be interested in a supplier that will deliver excellent customer service, or which offers energy from renewable sources.
Energy-switching and comparison services can make comparing business energy packages a lot simpler – for example, we have relationships with energy suppliers and expert knowledge about the energy market. That means that you can simply tell us what you want from your new supplier, and we can tell you where you can get it.
We will guide you through the entire the switching process, ensuring that you are happy with your new contract and that you know when your next chance to switch is due.
A lot of energy suppliers use cold-calling tactics to find new business, and sales staff may claim to be offering the cheapest deals.
They may be telling the truth, but the only way to know for sure is by comparing all the deals on the market.
We can offer you a comprehensive comparison of business energy rates in just 20 minutes. Give us a call on 0330 0100 251 (or request a call back using our form) but remember that prices can go up or down overnight!
Our dedicated page has lots more information about business energy.
"Jessica Purnell was great, she was helpful and everything was easy. I have saved £150 per month! many thanks Jess :-)"This review was posted by Melanie Baker on the 23rd of February 2017
Thank you Jess Purnell!
"Jess really helped us out with switching suppliers... she wasn't pushy at all and the service was great. Thanks again!"This review was posted by Becki on the 23rd of February 2017
Thanks for your help Mark Weeks and Switch My business
"I would like to thank Switch My Business and particularly Mark Weeks for the ease of switching and saving me money! I can highly recommend them. Thanks again Richard Blake"This review was posted by Richard Blake on the 22nd of February 2017
"Aaron sorted out a new electricity deal for my church, enabling us to make good savings. We have now received confirmation of our new 3 year plan.During our telephone conversations Aaron was always very polite and efficient. Dawn Marskell"This review was posted by Dawn Marskell on the 21st of February 2017
Great help switching
"First time I have ever done an energy supplier switch, it seemed a bit daunting but the way EDF has rocketed our industrial energy bill I had no option, Bea Luseni guided me through the process and took all the worry away, many thanks well done"This review was posted by Horatio on the 17th of February 2017