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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.

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