Could a cyber attack bring down the energy grid?
On Friday October 21st, people tried to log on to Twitter. The site was down. Cyber hackers had crashed the wo...Read More
After a critical report from the Competition and Markets Authority, British Gas has pledged a 5% cut for domestic customers. What does this mean for SMEs?
British Gas is the first of the ‘Big Six’ energy suppliers to announce a cut in customer prices, which will fall by 5% from the end of August. Many see the move as a response to a report from the Competition and Markets Authority (CMA) that found both households and businesses are paying too much.
But commenting on the cut, Stephen Beynon, the Managing Director of British Gas residential business, denied it was due to political pressure, claiming instead it “reflects our lower projected total costs in 2015 and 2016. We know our prices have to be competitive if we’re to keep our existing customers and win new ones – so we’ll reduce our prices for customers whenever we’re able to.”
While the reduction was welcomed by some, others claimed that the 5% cut is not enough. According to one expert quoted in the Guardian, its customers will still be paying £70 a year too much for their energy. The price of electricity supplied by British Gas will be unchanged.
British Gas’s Beynon noted that British Gas already cut prices by 5% back in February, making this the second time British Gas has reduced prices this year. Other Big Six providers are expected to follow with their own cuts.
Mention of non-domestic users – i.e. businesses – was conspicuously absent. Nevertheless, the circumstances that have prompted British Gas to lower its prices (a cheaper wholesale gas rate) and an increasing number of suppliers mean that a better deal is almost certainly out there for most businesses.
Unlike the consumer market, business energy tariffs are still very much open to negotiation and dependent on individual circumstances, including usage and location. While larger corporates have dedicated procurement departments to take care of getting the best prices for business energy, small to medium sized businesses generally lack the time to trawl through quotes and negotiate with suppliers.
At SwitchMyBusiness.com we understand that you have a lot better things to do than compare gas and electricity tariffs. We can offer a comprehensive market comparison and switch you to a new supplier in just 20 minutes. Give us a call on 0330 0100 251 or fill in the form on the top right of the page and find out why we are the top rated business energy compare and switch site.
Competent and courteous service.
"Marie was knowledgeable and helpful. I feel able to recommend the service given without reservation. David Slesenger"This review was posted by David Slesenger on the 16th of August 2016
"Nadia was very helpful"This review was posted by Robin on the 16th of August 2016
Excellent Customer Service *****
"Jonathan Burgess is an asset to Switch My Business. He made me feel at ease and was more than helpful at all times. He made regular contact and guided me through the whole process which made switching a breeze. I just wish there were more customer service advisers like Jonathon whose friendly and happy demeanour make your day a much nicer one. Well done Switch my business and more importantly thank you Jonathon for all your hard work! Maria Owen Lodgecrest"This review was posted by Maria Owen on the 17th of August 2016
EXCELLENT CUSTOMER SERVICE
"I totally agree with a customer maria owen,Jonathan Burgess was such a pleasure dealing with and is truly a asset to the company, he made it very easy to switch my electricity companies, Jonathan Burgess was very helpful, easy to talk to it was like talking to a friend not just a customer adviser. I would definitely recommend switchmybusiness and try get hold off Jonathan Burgess if possible and have the same excellent service as I did. Rajan Shanan"This review was posted by Rajan Shanan on the 19th of August 2016
Excellent and very helpful
"Arron who dealt with my switch of energy and gas has been a huge help and extremely efficienct and easy to deal with. Despite British Gas throwing obstacles in the way at every turn he has doggedly stuck to his task and saved the day. Thanks Arron."This review was posted by Rod Pryce-Jones on the 19th of August 2016