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.
Kay was extremely helpful and…
"Kay was extremely helpful and efficient, in terms of both advice and setting up our account. Would recommend 100%."This review was posted by customer on the 24th of November 2020
After Scottish Power changed our…
"After Scottish Power changed our business rates half way through the contract we were in set up by Switch My Business, we spoke to Natalja and she helped us sort this issue. Unfortunately, Scottish Power wouldn't play ball and were not agreeing to let us out the contract. Natalja worked extremely hard to sort this out for us and even put a claim in with them for the out of contract rates they put us on as one advisor at Scottish Power said they would refund the difference then another said they would not, along with plenty of other issues and broken promises along the way. It was a long and pretty painful process but Natalja did not give up and we have won the claim against Scottish Power. Very happy with the service Natalja provided."This review was posted by Sara on the 19th of November 2020
Prompt & efficient service from Stephen…
"Prompt & efficient service from Stephen who really went into all the details in a very short period of time. I would definitely use SMB again. Thank you Stephen!"This review was posted by Jackie on the 18th of November 2020
"Dealt with Bhavni, she was also extremely helpful, patient and dealt with my case in a very professional way. Answered all my questions promptly and got the best rate for our business. Highly recommended!"This review was posted by S. Amin on the 17th of November 2020
Pleased with switch my business
"Pleased with switch my business, Arron was very helpful, found the best tariff and always responded quickly to emails."This review was posted by Eve Gallagher on the 16th of November 2020