Energy News – 21/01/2017
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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).
"Mark was very helpful and had all the answers to the questions I had - would go back to him time and time. Thanks Sir"This review was posted by Wayne Nugent - Mailing Guy on the 20th of January 2017
Switch Business Electricity Contract
"Very good & efficient service - good range of prices offered from variety of suppliers"This review was posted by SALLY DOLMAN on the 20th of January 2017
Cheerful, helpful service.
"Aaron Gallagher was my contact at SwitchMyBusiness.com. Aaron was cheerful and helpful he made switching our electricity supply easy and painless giving an understandable explanation each step of the way. I would quite happily recommend this company and Aaron Gallagher to anyone given the task of arranging a new energy contract."This review was posted by Pam Johnson on the 19th of January 2017
Kyle Wright - Excellent Service
"Dealt with the above on two occasions now and has made the process of switching energy suppliers very easy. Very Polite and helpful person, will defiantly want to deal with again."This review was posted by Skyline32 on the 19th of January 2017
Made this a very simple transaction!
"Aaron was polite, friendly and extremely helpful, making this potential chore a very easy transaction. He explained everything thoroughly and answered all my questions and I feel very confident that the whole transition will go very smoothly and I am aware of what to expect as the process moves forward. Thanks Aaron!"This review was posted by Lesley Clayton on the 18th of January 2017