The Week’s Top Energy News – 02/12/2016
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Switching business electricity supplier can be time consuming and confusing but is often needed to get the cheapest business electricity. Our guide will help.
To know if your renewal rates are good you have to compare business electricity rates. Prices change frequently – sometimes daily – and not all suppliers pass on cheaper wholesale prices to their SME customers.
It’s likely that you’re already in a fixed term business electricity contract. You should take note of when your contract ends to ensure you don’t get rolled over into more expensive rates (known as a ‘deemed contract’), which can be as much as 80% more.
But don’t wait until the end before of your contract before you compare business electricity suppliers. If possible, start looking for new prices up to four months (120 days) before your contract end date.
Even those with a long time to run on their fixed term contract should compare business electricity tariffs. The savings offered by a business electricity supplier switch may outweigh the costs of terminating your contract early.
To ensure you get accurate business electricity quotes you will need to provide details including your name, address, current supplier and the date your contract ends. You will also need to hand your MPAN number, usage details, termination date and preferably your current renewal rates.
Do not worry that your MPAN may be used to switch you to another supplier without your consent – it can’t. This number provides a potential supplier with the information needed to offer an accurate electricity business rates comparison. Your MPAN should be on a recent bill or your current supplier will be able to tell you what it is.
If you can’t find your MPAN (or don’t have time to look), most suppliers will be able to find it from the national meter database (although this sometimes this isn’t up to date).
Once you have made a comprehensive business electricity price comparison, switching to a new supplier usually takes four to six weeks. Your old supplier may need you to take final meter readings once the switch is ready (or need access to your meter to take their own readings).
Even if everything seems to be going smoothly, it is often a good idea to speak regularly to both your old and new business electricity suppliers to check everything is proceeding satisfactorily.
Other queries about business electricity may be answered by the comprehensive information on our dedicated page.
To cut the hassle from switching business electricity supplier, SwitchMyBusiness.com can get you a thorough comparison and switch your supplier in just 20 minutes. As specialists in small business electricity tariffs, we also take care of all the paperwork so you can get back to do what you do best; running your business.
If you do decide to switch with us, when your business electricity contract is due for renewal we’ll be in touch to ensure you have plenty of time to choose your next deal and save you money again on your renewal prices. Just give us a call (or request a call back using our form).
Fixed up in no time!
"I was contacted by Jonathan Burgess after making an inquiry on line, who was very informative in finding me the best deal for my business. There was no pressure selling,only information given to assist me in making an informed decision. There was ample opportunity during the process to question or pull out if need be. Everything was made clear,and would definitely recommend others using the service."This review was posted by john kril on the 05th of September 2016
"I was contacted by Aaron Gallagher after visiting SwitchMyBusiness.com. He was very helpful and knew a lot about the different contracts available but did not push me into an instant decision. Once our Directors had decided on the contract they wanted I called Aaron on his direct line and arranged our new contract. Aaron was at all times friendly and professional, completely different to other companies who contacted me about our renewal who were arrogant and pushy. Would recommend SwitchMyBusiness to anybody who is looking to switch their energy."This review was posted by Debbie on the 08th of September 2016
First Class Service
"I spoke with Mark Weeks today to get quotes for my business energy and he was extremely helpful. He talked me through the process clearly and also got me better prices than I could have done myself. Comparison sites are just so complicated and he did all the "leg work" for me. Very pleased with his assistance and would recommend SwitchmyBusiness to any of my friends and business acquaintances."This review was posted by Debbie Andrew on the 08th of September 2016
"Jonathan Burgess rang me back straight away and took me through my business switch. Polite thorough and easy to understand. Highly recommend to anyone looking to save money and switch business energy accounts. Thank you."This review was posted by Suzanne Richmond on the 09th of September 2016
"Jonathan Burgess did a great job of helping me through switching my business with both gas and electric. He was very thorough ,clear spoken and a pleasure to speak to today. I would recommend anyone to use this service"This review was posted by Louise holman on the 09th of September 2016