DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...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.
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Mark Weeks was very helpful in seeking…
"Mark Weeks was very helpful in seeking to obtain the cheapest rates in the market and went out of his way to follow-up on queries I raised."This review was posted by Rob Warne on the 20th of April 2018
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Had a problem with our electricity…
"Had a problem with our electricity supply being switched to us by out landlord without notice and put on to out of contract rates with a supplier we do not like. Nicole from Switchmybusiness.com understood where we were coming from and out urgent need to get cheaper contact rates. Nicole provided valuable assistance guiding us through the process and maintaining great communication throughout. A pleasure to deal with."This review was posted by Phil on the 19th of April 2018
Excellent service from Janis Sargeson
"Excellent responsiveness from Janis - easy to understand tariff information and fast service. Ours was not a large account by value, but proportionally we more than halved the cost of the electricity supply."This review was posted by Andy Longden on the 18th of April 2018