DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...Read More
Have you just received a business gas renewal letter and decided you need to compare prices? SwitchMyBusiness.com can help you to compare tariffs from different gas suppliers and then switch to a better deal.
It can be confusing comparing gas prices and that’s one reason why many businesses still stick with the same supplier. But if you don’t compare it’s impossible to know if your renewal prices are good or if you can get a better contract by switching to another provider.
However, unlike domestic energy, with business gas tariffs you can’t compare prices and then switch business gas supplier at any time. You will probably be in a fixed term business gas contract and so, unless you are willing to pay termination fees, you will have to wait until that draws to an end before comparing business gas suppliers. This means ensuring that you know when your business gas contract is due to finish – your contract end date. New rules from Ofgem mean that smaller businesses can tell their business gas supplier they want to switch at the end of their deal at any time before the notice period.
For contracts starting on or after 30 April 2015, the maximum notice period for terminating a micro business contract has been reduced from 90 to 30 days. Around 60 days before a fixed-term ends, suppliers must also now tell the smallest firms how much energy they use each year, and give them details on how the price of their current deal compares with the new prices. Having this information puts you in the best possible position for negotiating a new deal when their current contract ends.
To ensure that you get a business gas quote you’ll need to have a few pieces of information to hand. You will need your name, address (including postcode), current supplier and your contract end date. To ensure it’s accurate you will also need your MPR number (MPRN), consumption details and your renewal rates. If you’re not sure about your MPRN you can find out more about what it is and where to find it in the article What is my MPR number and where do I find it?
Don’t worry – your business gas supply can’t be switched to another supplier if you give out your MPRN details and if you don’t have it to hand it’s possible to find it on the national database or a recent bill. It’s always good to have a recent business gas bill to hand as it contains important pieces of information.
Once you’ve made your decision and chosen to switch business gas provider the process usually takes 4-6 weeks but it can take up to 8 weeks. In the meantime SwitchMyBusiness.com takes care of the whole process for you, even dealing with communications from business gas suppliers so that you can spend time running your company.
When your gas contract is due for renewal again, whether in 12 months, 24 months or 36 months’ time, the Renewals Team will contact you so that you have time to choose a new contract. Renewing your contract will be even easier as we will have much of the information required to provide you with quotes – saving you even more time and hassle.
Even those locked into a fixed term contract could find that paying the exit fees still leaves them significant savings. And doing this comparison doesn’t have to be onerous: just 20 minutes is enough for us to quickly compare business electricity suppliers and switch you to a new deal (with us taking care of the paperwork). Give us a call on 0330 0100 251 (or request a call back using our form).
Our dedicated page has lots more information about business gas
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