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Incorporated in 2002 we have become one of the longest established and well respected UK independent businesses energy suppliers.

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3 May

Advice When Switching Business Electricity Suppliers

by Simon Thompson
 

The most important piece of advice when switching business electricity suppliers, is not to leave it too late.

The process of sourcing and then dealing with the switchover process will take proper management and the best time to begin this is when your supplier tells you of your next year’s contract rates.

This is the prompt for you to then find and compare various deals between electricity suppliers to help your firm reduce its overheads.

However, the process itself can be time-consuming, as well as confusing because there are so many electricity suppliers available with various rates and tariffs so it becomes more difficult to compare these offers on a like-for-like basis.

Switching business energy suppliers to reduce overheads

This is the case when it comes to switching business energy suppliers to reduce overheads and it’s an exercise that all firms and organisations should undertake every year to ensure they never pay more than they should be doing for their energy bills.

However, one recent government survey has highlighted that around 40% of firms in the UK have never bothered switching their suppliers and are probably paying more for their energy bills.

And since energy is one of the most expensive outgoings for a businesses, it makes sense to spend time finding a cheaper energy provider who will not only reduce bills, but best meets your firm’s needs.

As a word of warning, we mentioned that you need to be prompt in responding to organise a new supplier because failure to do so could see the firm being moved automatically onto a contract with ‘deemed’ rates.

These rates tend to be more expensive and unless you’re a small firm, you will be locked into these dearer prices for the duration of a new contract.

Finding cheaper business gas suppliers

As with switching business electricity providers, the same approach needs to be undertaken for finding cheaper business gas suppliers for meeting your needs.

It’s always important that you ask several firms to quote, and not just the ‘Big Six’, who may offer similar prices and deals and that you review any potential contract in detail.

This is particularly important for those energy suppliers with very low prices and more so if the deal lasts for more than 12 months.

You also need to be aware of any hidden fees and you should always ask your potential business energy supplier lots of questions before signing up.

If you would like more help and advice when switching business electricity suppliers, and also for gas, then you should spend a few minutes speaking with the experts at D-Energi who will help.