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Micro Businesses & Switching Energy


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:

  • Suppliers must clearly state their prices online, or provide a list to a price comparison website about the energy rates they offer.
  • Micro businesses will be allowed to move from their current supplier’s Out-of-Contract rates to an agreed contract without incurring any exit fees.
  • Suppliers must display their Out-of-Contract rates on their website so that customers are aware of how much they could save by moving onto agreed energy rates.

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.

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Excellent, 9.9 / 10

Lorraine made it as easy as possible to…

"Lorraine made it as easy as possible to switch despite the endless text she has to read out to make sure you stay within the regulations. Thanks for rushing through it"

This review was posted by Nick Apsey-Brown on the 13th of May 2019

Thanks to Lorraine

"Thanks to Lorraine, switching, my gas and electric, to a new supplier was made a pleasant experience of instead of the usual traumatic one we usually endure. A very efficient, polite and cheerful young lady. Thanks again Lorraine."

This review was posted by Allan Jones on the 09th of May 2019

Thank you Lorraine Carey for your help…

"Thank you Lorraine Carey for your help getting me a good deal on my electricity. great customer service and friendly"

This review was posted by Simi Hussain on the 07th of May 2019

Brilliant

"Pamwan Johnson was very efficient and a pleasure to work with. Made my week!!"

This review was posted by Margaret Hall on the 03rd of May 2019

Lorraine was very helpful and…

"Lorraine was very helpful and knowledgeable throughout the process. Highly recommended Many thanks"

This review was posted by Totton & Eling Youth on the 02nd of May 2019