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30 Aug

Switch Onto New Business Energy Suppliers

by Simon Thompson
 

With growing numbers of micro-businesses being created in the UK, there is a growing need to switch on to new business energy suppliers to help save costs.

As a micro-business, you have more freedom when it comes to selecting a business energy contract than other firms, particularly big businesses.

The best time to scour the market for a new business energy provider is when you have at least 30 days on your current energy contract remaining.

Your supplier should have been in touch to tell you what your next year’s contract rate will be and this is the prompt you need.

Switch business electricity suppliers

If you are looking to switch business electricity suppliers, then the new contract information that your current provider gives is the starting point for negotiation with them and other potential providers.

The rules help micro-businesses since they don’t have a rigid timeframe to arrange a new electricity deal that other firms have.

Also, should they be rolled over onto a new deemed contract, which tends to have higher prices, then they are able to leave that contract.

The entire process of switching has been made simpler for small firms and it’s an exercise that should be carried out every year.

The other incentive for a micro-business, should you be looking for one, is that by simply asking for a quote from an energy provider, you will be helping to stimulate competition in the marketplace which will benefit all micro-businesses.

Cheaper business gas suppliers

In addition, micro-businesses should also check the market for cheaper business gas suppliers as well.

While gas bills tend to be much lower, it’s still a worthwhile exercise finding a cheaper provider to reduce overheads.

With lower costs, profitability will increase so the micro-business is helping to create a successful venture.

Not every business owner will be checking the marketplace every year to ensure they are not overpaying on their business gas and electricity bills and one government survey underlines this.

The researchers found that around 40% of firms haven’t switched providers in recent years, so they are probably overpaying on their energy costs.

There’s no excuse for a micro-business to fall into this trap of inactivity since there is a helpful team at D-Energi who can help you switch on to new business energy suppliers by finding a cheaper deal and taking care of the switching process.