The UK Retail Landscape
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Falling behind on energy bills could happen to any business. All it takes is one month of poor performance to set your finances back and leave you feeling snowed under by bills. This is experience is not uncommon and there are ways to help prevent the financial struggle from getting worse, so if you’re worried you’re losing control of your energy costs be sure to read ahead.
Telling your energy supplier is the first thing you should do if you’re going to be behind on paying your business gas and electricity bills. It may feel daunting and you may want to avoid speaking to them entirely, but it is incredibly important you tell your energy if you’re facing difficulty in paying bills.
By speaking with your supplier, you can organise a repayment plan with them to help you pay off the missed gas and electricity bills bit by bit, while also continuing with monthly scheduled payments. Gas and electricity providers work with thousands of customers who face the same problem, and many companies have entire departments dedicated to helping customers organise their payments to cover arrears, so the wisest thing to do is be honest with your gas and electricity supplier to avoid having your energy disconnected. Disconnections can occur just 14 days after suppliers give notice to customers, so acting fast is the best way to tackle this situation.
Paying too much for your energy bills is the easiest way to fall into energy arrears. To avoid this, make sure that your business is on the cheapest gas and electricity rates possible for its usage. If your contract is coming to an end, or you are within your current supplier’s switching window then now is the best time to start searching and comparing energy tariffs from a range of providers who could offer you cheaper rates.
If you are not able to renew your current contract or switch suppliers at the moment, be sure to compare tariffs next time your contract is up for renewal. It is very easy for businesses to forget about gas and electricity contract renewals, but this can lead to the business moving onto Out-of-Contract rates which can be very costly. As explained in our guide, Out-of-Contract rates are much higher than rates agreed in a contract so if it is time for your business to renew its energy plan, make sure you compare quotes as soon as possible.
If you recently moved business premises and have not yet negotiated a new energy contract with a supplier, it is likely your business is on Deemed Rates which can also be very costly, They may not be as expensive as Out-of-Contract rates, but it will still be much more affordable for your business to agree on a contract with a supplier than remain on the same costly unit rates.
A back bill is issued when a customer has used more energy than originally contracted to with the supplier. Suppliers can back bill companies for up to 6 years of energy bills, and these bills usually arrive in one lump sum which can be a very unpleasant surprise for any business.
Understandably, it is very important for you to keep track of how much energy your business is using to avoid back billing. By monitoring your business’s energy usage and ensuring you stay within the amount you are contracted to, you can avoid the setbacks from being faced with enormous unexpected costs.
If you have any outstanding energy bills with your current supplier, you will not be able to switch to another provider. Any existing gas and electricity bills must be paid before you switch energy contracts.
If you’re starting to feel snowed under your energy bills and want to find cheaper gas and electricity rates for your business, then we’re here to help. Use our online comparison service or get in touch today on 0800 411 8830 to start comparing cheaper energy rates from a wide range of suppliers, and find a tariff ideally suited to your business’s needs.
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