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

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
Scottish Power logo

Total Gas & Power

Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...

Read More
Excellent, 9.8 / 10

Honest brokers who will actually save you money!

"I dealt with a gentleman called Mark Weeks. He was extremely efficient, helpful and humerous. He saved me 6 pence per/k/hr, quite the saving when your annual bill is over £12,000. I will be using this service again for my water bill!"

This review was posted by EDWARD Wickman on the 22nd of October 2018

Cheryl Sreenan delivered excellent…

"Cheryl Sreenan delivered excellent customer service, professional and polite but very natural with it - it's great to deal with someone who knows their job and cares about their customers. Great savings too and a quick switch which is always good. Will be looking to switch other businesses when they are out of contract."

This review was posted by Jackie Reeves on the 22nd of October 2018

Excellent service from Pamwan Johnson

"Excellent service from Pamwan Johnson. Polite, professional and was able to provide a much better deal than I was able to secure direct. Would definitely use this service again."

This review was posted by Andrea Kirkham on the 22nd of October 2018

i cant fault the service recieved from…

"i cant fault the service recieved from nicole and daniel"

This review was posted by alexander dawson on the 19th of October 2018

Lorraine was patient and great to deal…

"Lorraine was patient and great to deal with. Highly recommended."

This review was posted by Keith on the 19th of October 2018