Business Energy Costs Post-Brexit
North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...Read More
Switching energy tariffs can be a tough task for any business if you’re not sure what to avoid, but for micro businesses (as defined by the EU, an organisation with fewer than 10 employees and a turnover of less than €2 million per year) it was even harder until 2017. It has previously been very easy for micro businesses to fall into the trap of paying more for their gas and electricity with many energy suppliers not providing enough information to customers about their options. Poor communication and costly exit fees have also meant that 45% of micro businesses have been moved onto incredibly expensive Out-of-Contract rates.
However, the Competition and Markets Authority (CMA) has released the findings from their 2 year investigation and changed the way energy suppliers work with micro businesses.
The CMA recommendations include:
Energy suppliers must now comply with these recommendations, and which have been officially in enforced since 2017. Ofgem has welcomed these regulations from the CMA.
This means that as a micro business, you are much better protected from having to pay over the odds for your gas and electricity supply. Cheaper energy rates are much easier for micro businesses to obtain now suppliers are required to be transparent about the prices they offer, and they can no longer charge exit fees to customers who have been moved onto Out-of-Contract rates.
If you are a micro business and are concerned you are paying too much for your gas and electricity bills, then don’t hesitate to compare energy rates with us today to make sure you are getting the best deal for your business. SwitchMyBusiness.com compares rates from a wide range of suppliers to find you the cheapest energy tariff for your business’s needs, so stick with us and you can be certain you are receiving the best prices available.
"What a cheerful, helpful person Cheryl Sreenan is. She was direct (no waffle!), knowledgeable and professional throughout and is a definite asset to 'Switch My Business'."This review was posted by Mr R Bolter on the 22nd of July 2019
"Very efficient, knowledgeable, and experienced service i received off Aaron Newton today. In helping me find an very competitive gas rate for the next 4 years. Thank You, Thank You, Thank You. Aaron."This review was posted by ANDREW LEWIECKI on the 19th of July 2019
What a nice change to deal with such a…
"What a nice change to deal with such a friendly and efficient person. Setting up our new business energy account was painless and quick. Can't praise Lorraine enough for all her help and advice. I Would definitely recommend"This review was posted by Diane Harrison on the 18th of July 2019
Many thanks for your help Bhavni Manek
"Many thanks for your help Bhavni Manek"This review was posted by kirsty on the 18th of July 2019
"Excellent service, quick and very straightforward, saves time and stress, especially important in a small business. Thank you Cheryl."This review was posted by Elizabeth on the 18th of July 2019