Can I have a business energy contract if I work from home?
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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.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017