How To Switch Energy Suppliers
Posted on Mar 3, 2017
Every organisation can reduce their energy costs but how do they switch energy suppliers to enjoy lower prices?
Essentially, it’s a very straightforward process and there are comparison websites and business energy brokers available that will reveal the current energy prices that are available in the market for firms.
Indeed, regardless of how big a company may be or how much profit they make every year, switching business energy suppliers is a smart way to make savings and improve profitability.
This means that a start-up or a one-man band or even a thriving concern with several premises can all enjoy big savings on their energy bills.
While many may be put off from the switching process believing it may be time-consuming and distracting, it will be time well spent because the savings could stretch into several thousand pounds every year.
Firms have never switched from their current business gas suppliers
And though there are big savings to be made, around 40% of firms have never switched from their current business gas or electricity supplier, according to the Competition and Markets Authority.
That’s a huge number of organisations that can save lots of money for the price, effectively, of a phone call.
The downside to not switching energy suppliers is that the organisation is probably paying far more than they need to for their current energy needs.
Organisations should never be shy about switching supplier to find a better business energy deal since they will be boosting profitability as a result.
There are a number of issues to bear in mind, however, for those organisations that do begin the switchover process.
Making an energy switch between suppliers
When it comes to making an energy switch between suppliers, one aspect to the switchover process is for the organisation to benchmark prices and deals on offer by using a business energy comparison website.
While the price found on a business comparison website may impress, there are two things the organisation should appreciate: firstly, the comparison website may not be searching the entire market to find the best price; and, secondly, that may not be the price the organisation will enjoy.
That’s because energy suppliers will insist on offering a bespoke deal so they’ll need to know some extra details and they will tailor their offering specifically to that business.
In addition, the organisation will need to source gas and electricity energy prices separately because they will not be able to have a dual fuel deal in a bid to save money.
In many ways, this works in the organisation’s favour since they will compare the offerings from a range of business energy suppliers.
Along with the price, the organisation also needs to understand what else the supplier will be doing for them.
Business energy suppliers will offer discounts
Some business energy suppliers will offer discounts for paying by direct debit and others will help lower the firm’s energy usage bill as well with helpful tips and advice while others will undertake an energy audit.
Essentially, there is no reason for any organisation not to undertake a regular search of the energy supply market in a bid to reduce their overheads and the switchover process is seamless and there will be no loss of energy to the firm while it is undertaken.
There are simple steps to finding a new business energy supplier and then switching over to them; the first is to supply relevant information.
The most important part will be the firm’s meter number since this will give the exact location of the premises for the energy supply.
The firm will also need to know when their current energy supply contract comes to an end and then give notice that they are moving to a new supplier.
Finding cheaper energy deals
The organisation will also need to know their current energy prices so finding cheaper energy deals will be easier.
There will be a range of potential suppliers to choose from and it’s at this point the organisation should choose one that offers something a bit more, not necessarily just lower prices. For instance, this may mean undertaking an energy audit or offering extra discounts for paying by direct debit.
It’s also possible to switch energy suppliers to enjoy better deals and tariffs by contacting those who understand how the market works and can source the best deals which mean contacting the helpful team at D-Energi to find out what the potential savings could be and then begin the process to switch over.