7 Jun
Lower your energy bills by switching business energy suppliers
Posted on Jun 7, 2024
by Pace Chan
There’s no doubt that by calling around a few business energy providers, the tariffs available vary greatly and it is possible to get a great business energy quote easily.
There’s no doubt that by putting in a small amount of effort and calling around a few business energy providers, the tariffs available vary greatly and it is possible to get a great business energy quote easily.
Indeed, depending on the business size and postal code, the potential savings by switching energy suppliers for a business could be substantial. According to some energy experts, a business could save several thousand pounds of its energy bill by simply switching business energy suppliers.
Considering that a small business may spend around £5,000 on its electricity bill and £4,000 on gas bill, there could be a large amount of money to be saved. And for a business, all money saved is a boost to profitability in the success of the business.
Enjoy lower business energy prices
So while switching business energy suppliers is relatively straightforward and easy, it is still not a very popular tactic for a business to undertake in a bid to cut its energy costs by enjoying lower business energy prices.
This has been underlined by an investigation last year by the Competition and Markets Authority which revealed that around 40% of businesses in the UK had not switched their energy supplier in five years.
Another surprising statistic is that 30% of businesses have never switched suppliers, so they are probably overpaying hugely on their energy bills.
However, with a quick search of online comparison websites, an annual electricity bill was reduced from £3,000 to £2,800 and then after contacting a few business energy suppliers by phone, they managed to cut this down to £2,600 every year with the same energy consumption. Your business can even save more money by reducing your consumption with a lower unit rate.
With a few minutes of effort, a small business could save £900 on what they would have been paying for their business energy needs.
Get the best business energy price
For any business owner who is thinking of switching business energy suppliers, it’s always worthwhile having a comparison breakdown of unit rates and standing charges to compare a quote with a few business energy suppliers.
There are some simple steps to take to ensure a business gets the best deal and that is to establish a benchmark price first. This can be done by using an online comparison website for business energy costs.
With this figure in mind, it’s worthwhile calling around a few business energy suppliers to see who will offer the best price and the best customer service. Not everyone will do but it’s still worth making the effort.
This is where an established popular business such as D-ENERGi comes into its own with its friendly and helpful team of experts who are UK-based, able to answer the calls promptly, providing the competitive rates when it comes to switching their business energy suppliers.
At D-ENERGi, we work with businesses of all sizes to help them lower their business energy bills and provide tailored solutions. Speak to our friendly experts to find out how much you could save and get a quick quote designed to suit your needs. We ensure that your calls will be answered promptly within five rings or less, without a long waiting time.
Switching your business energy supplier doesn’t have to be complicated but timing can make a big difference.
In this latest blog we will discuss when the best time to switch energy suppliers is and explain why some moments are better than others.
The best time to switch supplier
The ideal time to switch to a new energy supplier is when your current contract is coming to an end. This is the easiest time to switch as you are not locked into a contract with any supplier. Your current supplier should have contacted you to let you know that your current contract is coming to an end, requesting that you let them know your decision, either to stick or to switch. Switching to a new supplier is often recommended to ensure you continue to pay the best and cheapest prices for your business energy.
Choosing to remain with your current supplier by simply rolling over your contract may also mean that you are automatically placed onto a rollover contract with higher rates.
Whether you opt to stick or switch you should always discuss your options, guaranteeing you are getting the best price.
Is it possible to switch supplier mid-contract?
It is possible to end your contract early, however most energy providers will have an early exit fee. Your bill or online account will inform you of how much this exit fee will be. Typically you will only avoid paying an exit fee if your contract is set to end in less than 7 weeks. To determine whether this is truly a good idea, it is best to work out if you would still save money by switching even if you have to pay an exit fee and do your research into your new supplier before switching.
You should also make sure that your new supplier can provide you with the services you require. For example, you may currently have a business smart meter. If you want to continue using this you should check if the new supplier can offer the same.
Reasons to switch energy supplier
There are many reasons why you may wish to switch business energy suppliers. Some of the most obvious include wanting a better price or customer service. Or you may have simply come to the end of your fixed contract. However some businesses may be making the switch for more complex reasons.
For example, some businesses have decided to switch to renewable energy suppliers in a bid to cut their carbon footprint. As the mentality towards the environment and renewable energy shifts, it is expected that more and more businesses will follow suit in the next few years. Demanding that energy suppliers meet these new requirements of their customers.
Switching to D-ENERGi for business energy
If you are considering switching to a new business energy supplier, consider D-ENERGi as your first choice.
The team here is dedicated to supporting all our customers, old and new, in sourcing the very best business energy deals. Not only that but all electricity we supply is sourced from wind farms across the UK, making us a great choice for companies looking to enhance their approach to sustainability.
Switching business energy is easy, contact our energy experts to get a free quote or take a closer look at our products.
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If you are currently receiving business energy (gas or electricity) from an agreed business energy supplier, this blog is for you.
With the cost of living at such a high, and many businesses, particularly small and micro businesses navigating their way through increasing costs and expenses, as well as battling the change in consumer behaviour and spending as a result of the pandemic, saving money where you can is so important right now.
At D-ENERGi, we have spent time understanding just how difficult the last few years have been for our business energy customers and know how important it is for businesses to understand their outgoings and be sure they are paying for what they need and are not being overcharged. Which is why we have written this blog, to help businesses navigate the tricky world of energy costs.
Pay close attention to your energy bills
Firstly, you should be reading all your business energy bills and paying close attention to what they say. Although no one likes receiving a bill, it is an incredibly important part of ensuring you are not overpaying or paying for usage you do not require.
For example, you could be paying for an estimated amount of energy used if you fail to submit a meter reading and end up being overcharged. Alternatively, your supplier may have quoted you an incorrect price per kilowatt hour (kWh).
In addition to this, you should also be checking for any additional fees or charges that may not have been previously agreed which could add up to a considerable amount each month. The easiest way to check this is by comparing your bills from one month to the next and being sure that all figures line up with what has been agreed in your contract.
What to do if you think you are overpaying
The best thing you can do if you have spotted an overpayment or consecutive bills where you have been overcharged is to speak with your energy supplier directly. Get through to their customer service team and discuss your bills.
You should also make sure to take a look at your current energy contract and check all the terms and conditions. Your supplier may have added in additional fees or charges that you were not aware of, so it is worth double checking.
Finally, if after speaking with your supplier you still feel like you are overpaying, don’t be afraid to shop around and compare what similar energy suppliers are offering. Often, you can find a better deal that will save your business significant amounts of money each year.
At D-ENERGi we have become a trusted alternative to the big five energy suppliers in the UK for our business energy customers, and provide free quotes for any business looking to switch suppliers. Our friendly team will be happy to discuss the details of your business requirements and find you a solution to your problem. Afterall, it is better to spend some time getting the right business energy deal, than to be spending too much on your bills. Get in touch today for your free quote.
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