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!
I spoke with Nicole today regarding our…
"I spoke with Nicole today regarding our electricity supply at new premises and she took the stress out of finding the best deal for our company as there are so many things to think about when moving. Thank you Nicole. Madeline Lugton"This review was posted by MADELINE LUGTON on the 23rd of April 2019
Bhvani was excellent and very…
"Bhvani was excellent and very efficient. Made my job as Treasurer a great deal easier. Please thank her."This review was posted by Adrian Stannard on the 18th of April 2019
Lorraine was very helpful in helping us…
"Lorraine was very helpful in helping us to transfer our energy provider"This review was posted by Tony Kidby on the 17th of April 2019
Bhavni was incredibly helpful
"Bhavni was incredibly helpful, informative and patient. No hard sell, just gentle reminders. Will recommend to friends, family and business associates."This review was posted by Jox65 on the 15th of April 2019
Helpful and quick
"Helpful and quick, thanks Lorraine"This review was posted by Arron Seymour on the 12th of April 2019