Energy News 16/06/2017
Michael Gove is appointed energy secretary, suppliers continue to fall short on digital offerings and global e...Read More
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).
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017