Business Energy Costs Post-Brexit
North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...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.
Thank you Mark!
"Having used Switch My Business for the first time, we were lucky to be connected to Mark Weeks. Mark was extremely patient and helpful throughout the entire process and explained the appropriate steps we should take before we move providers and was upfront and honest about anything else. Would strongly recommend their services and would like to thank Mark for all his help."This review was posted by Clare Smyth on the 20th of September 2019
Have used Switch my Business on a…
"Have used Switch my Business on a number of occasions and extremely happy with the service. A special thanks to Mark Weeks who is more than helpful."This review was posted by Liz Riley on the 19th of September 2019
Professional and relatable
"I’m always nervous about speaking to companies as a small business because I’ve been taken advantage of more than once and ended up with huge bills. I spoke to Cheryl today who switched my commercial bills over for me and saved me an amazing amount. She was great, professional and thorough without making me switch off with her great sense of humour. The deal she got me was also brilliant. Thank you Cheryl I will be recommending you in future"This review was posted by Emma on the 18th of September 2019
friendly and efficient service
"friendly and efficient service, didnt use in this instance, but came back with slightly better rate, thank you Mark"This review was posted by Anne Bayliss on the 18th of September 2019
Cheryl Sreenan was most helpful and…
"Cheryl Sreenan was most helpful and informative and very pleasant to talk with and dealt with all the boring details in high speed fashion but not without making sure I fully understood all that she was saying. Highly recommended"This review was posted by Jude Curtis on the 17th of September 2019