The cost of gas and electricity has been soaring, more so in recent years. This is why so many companies are carrying out a business energy comparison and making the switch to a more competitive tariff, saving them hundreds and even thousands on their bills in the process. Our step-by-step guide will show you how your firm can switch commercial energy and obtain a better deal today.
Why should I switch business energy provider?
Keeping expenses in check will be a crucial element for any successful business. Cutting costs isn’t always possible, however paying a fairer price for your gas and electricity supply will help you save money each year.
Commercial energy tariffs are similar to domestic tariffs in the sense that the price of gas and electricity will increase automatically once the initial fixed period comes to an end. For this reason alone, it’s essential to check whether you aren’t paying over the odds for your business energy contract. Cheaper deals are available and it’s fairly straightforward to switch business electricity and gas providers with Business Energy UK.
How to switch business electricity and gas providers
Business Energy UK has made the process of comparing commercial energy prices and understanding business energy tariffs simple and easy.
However, it is worth noting that you won’t be able to complete the switching process for business energy through online means only, unlike domestic energy. This is because you will have to get in touch with a provider once you’ve compared deals to get a more accurate plan that meets the unique needs of your company.
Business Energy UK has made it easy to compare business energy deals. You won’t need to contact one supplier after the next to check what the current unit rate and standing charges are. Here is how to switch business energy contracts in four easy steps:
Step 1: Understand your energy contract
Before you start, you will want to find your current energy contract and have it to hand before comparing and switching business electricity and gas. You will find important information within this document about your business energy rates and how to compare prices per kWh once the contract comes to an end.
Six months before your current contract is due to end, you can start comparing and arranging a business energy switch. This should give you plenty of time to compare and review the various plans available on the market and make an informed decision.
Don’t worry if you can’t find your existing contract, most of the relevant information will be available on a recent energy bill. Alternatively, you can always contact your current provider and ask them to send you these documents.
Step 2: Find a recent business energy bill
You should now have all the relevant details such as what you’re paying and when your existing plan is due to end in regard to your current business energy contract. This information will enable you to compare deals.
A recent commercial energy bill will contain the following items:
- Your unit rate and standing charge
- Your consumption – this is how much energy you use annually
- Your meter numbers
- Your contract end date
- Your contract’s notice period (when you have to notify your current supplier that you’re leaving)
If you’ve been asked to undertake this task and you’re not the business owner, you will require permission from the company owner to take responsibility for the contract change. Confirming that you have the authority to make the switch should be enough, although some suppliers may require further verification.
Step 3: Compare and switch
Next, you will need to contact a broker to switch business energy providers. Using the services of Business Energy UK is one of the easiest ways to do this. All you need to do is enter your business postcode and the details you gathered earlier, and we’ll be able to compare the energy market on your behalf.
You will be contacted for a short ten-minute call to discuss the various options to help find a business energy plan that meets your requirements.
Step 4: Confirm your business energy switch
Using the information supplied from your energy bill, a broker will contact you with a range of deals available from different suppliers.
They will be able to use their expertise to answer any questions that you may have. However, the final decision will be yours to make. Before you commit to a new tariff, make sure you fully understand every aspect of the plan. This is because business energy contracts do not have a cooling off period and normally last between three and five years.
Once you have made an informed decision, the broker will confirm the switch with your selected provider. You should receive your new contract via email, but you can also request for a paper copy to be sent to you in the post. This new contract will start on the day after your existing tariff comes to an end.
After making the switch
All of the switching administrative tasks should be taken care of by the broker. This includes the go-live date and contract renewal. Once your new deal enters the switching window, he/she will contact you once again to review your rates.
In conclusion, you should now have all the relevant information on how to switch business energy suppliers. As you can see, it is fairly straightforward and doesn’t require a great deal of effort on your part. Once you’ve compared tariffs and made the switch to a new commercial energy plan, you should be able to save hundreds or even thousands of pounds on your bills.
