DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...Read More
By performing credit checks, business energy suppliers are able to determine whether you’re likely to be a dependable customer. If suppliers can ensure that you’ll pay your business gas and electricity bills, they are less likely to end up losing out financially.
Recovering money owed by customers can be a very long and difficult process for business energy suppliers so being able to avoid this is massively important to them.
There are a number of factors that can negatively impact your credit score, including:
Although these are the main areas that credit rating agencies analyse to determine your credit score, there are a number of other factors that will impact your business’s score. If you feel that your credit rating isn’t accurate, it would be massively beneficial to speak to the appropriate credit reference agency about this.
Having a poor credit rating can limit your choice of business energy suppliers as many providers are reluctant supply energy to these businesses. Certain business energy suppliers will accept customers with a poor credit rating, so long as one or more of the following actions occur:
Simply put, if you have a poor credit rating, it is likely that you will pay more for your business energy.
Your business’s poor credit score is not permanent and there are various methods for improving your rating and, in turn, possible business energy tariffs and suppliers. These include:
While you work on improving your credit score, your business will still require energy. Using our simple switching service, one of our energy-switching experts can help you find the best energy quotes no matter your business’s credit score. Click here to receive instant business energy quotes today!
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