The UK Retail Landscape
The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a ...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.
"Thanks Lorraine. Finally replaced my previous supplier"This review was posted by Tiles 4 Less Accounts on the 06th of July 2020
Excellent service from Cheryl
"Excellent service from Cheryl"This review was posted by Chris on the 03rd of July 2020
"Very easy to use and Lorraine was very helpful. Made the whole changeover business very smooth and a pleasure to do."This review was posted by Andrew on the 01st of July 2020
"Very easy doing business with Lorraine. Prompt and effiecient"This review was posted by james clancy on the 01st of July 2020
Lorraine was great
"Lorraine was great. So easy to do."This review was posted by Roz on the 30th of June 2020