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.
Cheryl was a great help
"Cheryl was a great help, talked me through it all and made the process really simple."This review was posted by Genna Acourt on the 18th of September 2020
"Great service!! Made life so much easier. Luke Hibbert did all the hard work and was efficient, polite and worked around my busy day. He managed to get a deal I was very happy with thanks again:)"This review was posted by Faye Campbell on the 18th of September 2020
Needed to change our energy provider
"Needed to change our energy provider. Neven an easy task. Rank Switch My Business, spoke to Naila Hussain. Naila came back very quickly with details of other deals available. The whole matter was sorted out the same day. Very impressed !"This review was posted by Nigel Bruce on the 17th of September 2020
Thanks cheryl.you help me a alot .
"Thanks cheryl.you help me a alot ."This review was posted by Tina Wong on the 16th of September 2020
"Thanks Cheryl. All sorted in a very professional and user friendly way."This review was posted by Chris Melia on the 14th of September 2020