Getting the best energy deal for your business has never been as important as it is today. Worldwide energy prices keep on rising due to worries about future supplies of gas and oil. And those price rises are inevitably passed onto the consumer.
As a business it’s easy to fall into the trap of feeling you haven’t got the time to drop work for a while to hunt down a new energy supplier. And that’s why so many firms in the UK stay with the same energy supplier over the long-term.
The Competition and Markets Authority (CMA) reported in 2015 that 39% of UK SMEs have never switched their energy supplier and have been overpaying hugely as a result. That’s despite the fact that switching your supplier could lead to major savings for your business.
According to one recent study from Love Energy Savings there are savings of an average 40% on energy bills to be made for SMEs who do their homework and work hard to find a better energy deal to switch to. For many businesses that represents thousands of pounds that can be better spent on new products, marketing schemes or personnel.
So how do you switch your business energy to a new supplier? Step one is simple: make sure you have a good look at your current deal and contract. You will need to know the timeframe when your current deal runs out and the cancellation period you are obliged to work within.
Talking to your existing supplier will also allow you to find out your current energy consumption. They may offer you a revised price for next year if you say you’re thinking of switching elsewhere. Take that figure as a starting point for comparison when speaking to other suppliers.
You then have a few options. You can find brokers to do the legwork for you and contact energy firms but which could incur a considerable cost. Or you can go alone if you have the time and start ringing the energy suppliers. If you do that then you’ll have to be prepared to put in the hours and hard work.
The easy alternative is to get the energy companies to come direct to you with their best offers. That saves you the time and hassle of shopping around, and it’s the approach we take at Business Energy Switchers.
All we need from you is details of your location, current supplier, and existing contract. You just have to fill on the online form – and we do the hard yards for you and contact the suppliers. Once we’ve found the best deal for you we’ll put that provider in touch with you directly and you go from there.