Business Energy Costs Post-Brexit
North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...Read More
What’s big in the world of energy this week?
Hackers have successfully gained access to energy companies in the US and Europe, raising fears that a cyber attack could be imminent. A successful attack on the energy grid could lead to widespread blackouts, causing chaos for customers and businesses alike. Many businesses are unprepared for the impact such an attack would have.
Ofgem to tear up the rule book on energy customer contact – The Telegraph
At the moment, Ofgem has a set of rules that govern how and when suppliers contact customers. In a bid to keep up with a fast moving market, and discourage the exploitation of loopholes, the regulator will be loosening these rules – giving suppliers more freedom in how they speak to their customers.
As suppliers are lambasted for rising prices, profit margins at the firms have soared – at least according to new research by Ofgem. However, as you can see below, the figures may not be all they seem…
Independent fact checking charity Full Fact looked into the claims regarding the profits of energy suppliers and found a more mixed picture than the headlines suggest. Whilst average profits have indeed increased there is a lot of variation between suppliers – with NPower posting a loss. In fact, only two companies actually had their highest ever profit margin (E.On and SSE).
Could we one day pay for our energy the way that we pay for our mobile data? Maybe if one new North American supplier has their way. Just Energy has introduced a new tariff that allows customers to use however much energy they want, within a set band, if they play a flat fee each month.
Brexit, the Paris Agreement and antitrust – there’s a lot going on at the moment. This article gives a concise lowdown of the big issues of the moment, and why they’re important.
The UK Energy Research Centre claims that energy efficient behaviour could shave £7.5bn off energy costs and save as much as six nuclear reactors. The catch? The Government would have to switch their focus to policies that encourage energy efficiency – and some improvements could take up to 20 years to pay for themselves.
Remember to keep up to date with all the latest energy news and small business advice by following us on Twitter@switchmybiz.
Thank you Cheryl for your help today l
"Thank you Cheryl for your help today l. Great customer service."This review was posted by David Melling on the 08th of November 2019
Really nice to talk to someone I could…
"Really nice to talk to someone I could understand, rather than a foreign call centre. Lorraine talked me through everything clearly, and it was all sorted quickly. Highly recommended."This review was posted by Steve Ellis on the 08th of November 2019
Mark Weeks was very helpful and…
"Mark Weeks was very helpful and knowledgeable, in the advice he gave me. He was courteous and responded promptly to my emails. I would highly recommend him."This review was posted by Technodoc on the 08th of November 2019
I have just renewed my gas with Cheryl…
"I have just renewed my gas with Cheryl Sreenan on Switch My Business. I was very happy with her helpful advice and she was efficient and friendly. I would definitely use this service again."This review was posted by Mary Duckett on the 07th of November 2019
customer service ***
"A pleasure to speak with someone who listened to me and was very helpful and talked me through everything ,thanks very much 10 out of 10 for customer service.Would tell anybody to use this company ."This review was posted by graham on the 06th of November 2019