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!
Lorraine Carey was great
"Lorraine Carey was great ! Kind of took all the hard work out of comparing, and got us on a great deal Thanks again Chris"This review was posted by Chris sharp on the 12th of December 2019
nothing too much trouble
"once again, i have dealt with Cheryl, who has taken me through the whole process, and with her teams help, have located an incorrectly registered meter, got it corrected, and onto a great deal. many thanks again. Allan"This review was posted by Allan B on the 11th of December 2019
Mark Weeks was thorough
"Mark Weeks was thorough, professional and friendly. I would not hesitate to recommend him and his company."This review was posted by Dennis Sullivan on the 11th of December 2019
Switching was made easy
"I had problems getting hold of my previous supplier and decided to change. I tried switch my business and Cheryl Sreenan made my problems disappear. Thank you very much for all your help."This review was posted by sean boswell on the 10th of December 2019
Cheryl was very friendly and helpful…
"Cheryl was very friendly and helpful and made the switching process totally painless."This review was posted by Lynn Sebbage on the 09th of December 2019