Business Energy Costs Post-Brexit
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You may have wondered if you’re eligible to organise a business energy contract if you are one of the many people who has started their business up from home. Our guide explains the criteria required to use a business energy tariff when working at home!
If you are a sole trader and you work from home, you may be eligible to organise a business energy contract. If you meet certain criteria, you will also qualify as a micro business which will allow you to receive more protection from suppliers than if you were a larger business.
You are considered to be a micro business if you:
To be eligible for switching from a domestic contract to business energy tariffs, you need to prove that you run a business from your home and that a large portion of the energy consumed is for business purposes – usually 50% of your energy usage. 50% may need high, but you can include your heating, lighti, g and electricity usage in this figure. Appliances that you would use regardless of your business operating at home do not come under this figure so households fridges, for example, will not be included in the business electricity usage.
After a CMA investigation, micro businesses now have regulations protecting them from brokers and suppliers attempting to advantage.
Energy companies are required to inform you when your end date and notice period is on all fixed term contract bills. Micro businesses also benefit from a shorter notice period, now 30 days instead of 90 for most businesses.
Micro businesses can notify their current suppliers that they wish to switch energy contracts at any point in their contract. However, the official switch will not be completed until their current contract is completed. When it is time to renew your energy contract, suppliers must approach micro businesses and inform them of how much energy they have used throughout the contract, and what other deals are available to them for when they want to switch.
If you run your business from home, get in touch with us today on 0800 411 8830 to see if you are eligible to switch contracts from domestic to commercial. If you believe you are eligible, we can help you compare a range of business gas and electricity tariffs. Use our easy online comparison service to start comparing energy tariffs today!
"Great Service Thanks a lot"This review was posted by simon walton on the 24th of January 2020
Mark made our switch very easy
"Mark was very quick to follow up our request to switch our business electricity supplier and made the process simple and easy to do. All his contact information was supplied and we can ring with any problems in the future. All the documentation was easy to complete and done in no time. Thank you Mark"This review was posted by Lynda Webster on the 24th of January 2020
Excellent service from Lorraine
"Excellent service from Lorraine. Very helpful and professional aswell as nice and chearie to talk to. Made switch over very easy and kept in contact to ensure everything was ok and documetns received."This review was posted by Graeme on the 24th of January 2020
Very happy with how Lorraine Carey…
"Very happy with how Lorraine Carey dealt with my situation"This review was posted by Kelly Lewis on the 23rd of January 2020
I found Lorraine to be very helpful and…
"I found Lorraine to be very helpful and efficient. Sorted my energy switch over with ease and to my satisfaction."This review was posted by Nokesz Hair on the 23rd of January 2020