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.
Great service from Bhavni
"Great service from Bhavni. she explained the process well and was very helpful"This review was posted by John Orr on the 25th of March 2019
Great service from Cheryl
"Great service from Cheryl. Very helpful and all put into place without much effort from me."This review was posted by James McBride on the 21st of March 2019
"Efficient and knowledgeable. Easy to switch with good rates"This review was posted by Denise on the 20th of March 2019
Cheryl was brilliant
"Cheryl was brilliant, very thorough and she knew her product well, didn't take long at all to set up our new contract for electric, thank you so much Cheryl."This review was posted by Amanda Kirk on the 19th of March 2019
Polite and knowledgeable employees
"Polite and knowledgeable employees"This review was posted by Judite Vane on the 18th of March 2019