quote
menu

Switching just got simpler for micro businesses


  • 45% of micro businesses are stuck on expensive deals
  • New regulations from the CMA will make it easier for these businesses to cut their energy bills
  • Micro businesses have been shown to be the most disengaged business energy consumers
  • The CMA believes that the regulations could lead to ‘significant’ savings

A 2 year investigation into the energy market by the Competition and Markets Authority (CMA) has resulted in a series of regulations, which came into force this week.

The report found that suppliers were making it difficult for micro businesses to get value for money on their energy bills. A combination of lack of available information, poor communication, and costly exit fees had left almost half of micro businesses on notoriously expensive out of contract rates.

The CMA has suggested a number of measures, which suppliers must comply with, to make switching easier. These include:

  • Suppliers must clearly state their prices online or include a list to a price comparison website
  • Micro businesses will be able to leave auto rollover (out of contract) tariffs without incurring an exit fee
  • Suppliers will have to display their out of contract rates on their websites – so that users can easily see how much money they could be saving

The news has been welcomed by Ofgem. Dermot Nolan, Ofgem’s chief executive said:

“This is a big change in the way the market works. Micro businesses will also be able to leave more expensive auto-rollover default tariffs without paying an exit fee, freeing them to switch to a better deal.”

At Switch My Business we’ll compare the whole market for you, from the big six to small boutique suppliers. What’s more, we’re independent, so we won’t give you the hard-sell.

Call 0800 411 8830 for a free quote, or use our online quote form.

Related Articles

Cheapest business energy in the North West

Business Energy Costs Post-Brexit

North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...

Read More

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
energy news

DCP 161 – Excess Capacity Charges

If your business uses a Half Hourly (HH) meter for its energy supply, make sure you’re ready for DCP 161...

Read More
Excellent, 9.9 / 10

Lorraine was great to deal with and was…

"Lorraine was great to deal with and was able to sort out my new electricity contract quickly and zero hassle... thank you"

This review was posted by Keith Hall on the 17th of January 2020

thank you to Cheryl & Luke

"Received some great advice and made a saving too. Whilst transferring our account to a new tariff I mentioned I had just started another new business, Having picked Cheryl's brains re another supply address, I'll be back in touch next week to sign up that one too."

This review was posted by Lesley on the 16th of January 2020

Very good product and service

"Very good product and service. a big thank to Cheryl Sreenan who is always patient and helpful finding us great deals. using their service for our second company this year as a return customer. thank you,"

This review was posted by Leo leod on the 16th of January 2020

Great Service received today from Luke…

"Great Service received today from Luke Hibbert quick and easy switch over for our gas supplier with a saving too! Highly recommended."

This review was posted by Amy on the 16th of January 2020

5 stars for Cheryl who found me massive…

"5 stars for Cheryl who found me massive savings. Highly recommended."

This review was posted by Cathy hooker on the 16th of January 2020