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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!
Cheryl was a great help
"Cheryl was a great help, talked me through it all and made the process really simple."This review was posted by Genna Acourt on the 18th of September 2020
"Great service!! Made life so much easier. Luke Hibbert did all the hard work and was efficient, polite and worked around my busy day. He managed to get a deal I was very happy with thanks again:)"This review was posted by Faye Campbell on the 18th of September 2020
Needed to change our energy provider
"Needed to change our energy provider. Neven an easy task. Rank Switch My Business, spoke to Naila Hussain. Naila came back very quickly with details of other deals available. The whole matter was sorted out the same day. Very impressed !"This review was posted by Nigel Bruce on the 17th of September 2020
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"Thanks cheryl.you help me a alot ."This review was posted by Tina Wong on the 16th of September 2020
"Thanks Cheryl. All sorted in a very professional and user friendly way."This review was posted by Chris Melia on the 14th of September 2020