How to find the right business energy supplier
Posted on Aug 19, 2016
Most firms are always interested in boosting their bottom line which is why they should consider choosing a better and cheaper business energy supplier for their needs.
Indeed, switching energy suppliers and even setting up a new energy account as soon as a business moves into new premises can have an almost instant effect on reducing outgoings.
The first thing that all businesses should do is to speak with their current supplier and find out what special deals they may offer to retain custom but the real reason for doing this is to use it as a benchmark to look at other deals from business energy suppliers.
However, firms should also appreciate that if they are on a specific, or ‘deemed’, tariff then their energy supplier is obliged to tell them about other contracts that are available and how to get information for them.
Firms looking to switch business energy suppliers
Firms looking to switch business energy suppliers should also take regular meter readings as this will give a fair picture of their energy consumption over a given period of time and it will also help when speaking with potential energy suppliers so they can tailor a quote for meeting consumption needs.
To do this, the meter has a unique registration number – it’s known as the meter point administration number (MPAN) for electricity or the meter point reference number (MPRN) for gas – and these will need to be given to a new business energy supplier.
These numbers are also found on the energy bill and also on the meter itself.
Before making a switch to a new energy supplier, businesses should really appreciate what the current terms of their contract are and they need to know when it ends.
That’s because they may need to inform their current supplier they are planning to switch and some contracts will only allow this to be done at certain times.
Discussing your business energy needs
It is also important when discussing your business energy needs with a new energy supplier that they discuss the terms of the contract in detail so the customer is fully aware and happy with the terms and conditions before signing up to a new deal.
Businesses also need to appreciate that a current business energy supplier could object to the firm switching to another supplier but this can only be done under specific circumstances and, more importantly, the circumstances will be detailed within the contract between the business and the supplier.
Among the reasons for objecting is if the business has an outstanding debt with the supplier or they have a fixed term contract that has yet to end so they are contract-bound not to switch suppliers.
However, the current business energy supplier cannot object if the business is on a deemed contract or if their contract has expired and there are no longer bound by its terms.
For more information about switching business energy suppliers, contact the experts D-ENERGi on or read more information on the Ofgem website.