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14 Jul

Do You Want To Switch Energy Supplier For Your Business

by Simon Thompson
 

For many firms, the question of whether they want to switch energy supplier may appear to be unusual but it’s worth bearing in mind that by switching suppliers they could save substantial amounts of money every year.

These savings can be enjoyed by micro businesses as well as larger organisations and Ofgem, the energy market regulator is keen that more firms look to switch energy supplier to save money.

By increasing the number switching, they believe that competition will increase and, as a result, prices will fall as suppliers need to compete more effectively customers.

However, for those firms looking to switch business energy supplier will need to appreciate that they can only do this when their current contract is due for renewal; it’s not impossible to break a contract but there may be a hefty charge to pay for switching midterm.

Undertaking an energy switch between providers

For many firms, undertaking an energy switch between providers is a simple and straightforward process and there will be no interruption in the supply of energy to their premises.

It helps too that for owners of micro firms that under market rules their supplier must tell them what their new deal is going to be upon renewal and how that compares with rival offers.

The aim of this advice for those firms who renew every year means they are places in a strong negotiating position so they can agree better prices with their current supplier or switch to a new one.

The contract’s end date, as well as the notice period that must be given, will be detailed on the firm’s energy bills.

Firms who want to use which energy providers

As an added incentive, for those firms who want to switch energy providers but don’t have the time or inclination to do so, then it’s likely that they will be rolled over onto a new contract automatically which will probably be more expensive as result.

These ‘deemed’ contracts usually run for another 12 months which means the firm is stuck with the prospect of having to pay over the odds for their energy supply because they did not switch supplier.

As mentioned previously, the process of switching is very simple and can be done with one phone call.

 

And that phone call should be made to the experts at D-Energi who will be able to search the entire business energy supply market to find the best deal and then handle the switchover process so the business owner can concentrate on running their business.