When Is A Good Time To Switch Your Business Energy Supplier?
Posted on Mar 7, 2023
Switching your business energy supplier doesn’t have to be complicated but timing can make a big difference.
In this latest blog we will discuss when the best time to switch energy suppliers is and explain why some moments are better than others.
The best time to switch supplier
The ideal time to switch to a new energy supplier is when your current contract is coming to an end. This is the easiest time to switch as you are not locked into a contract with any supplier. Your current supplier should have contacted you to let you know that your current contract is coming to an end, requesting that you let them know your decision, either to stick or to switch. Switching to a new supplier is often recommended to ensure you continue to pay the best and cheapest prices for your business energy.
Choosing to remain with your current supplier by simply rolling over your contract may also mean that you are automatically placed onto a rollover contract with higher rates.
Whether you opt to stick or switch you should always discuss your options, guaranteeing you are getting the best price.
Is it possible to switch supplier mid-contract?
It is possible to end your contract early, however most energy providers will have an early exit fee. Your bill or online account will inform you of how much this exit fee will be. Typically you will only avoid paying an exit fee if your contract is set to end in less than 7 weeks. To determine whether this is truly a good idea, it is best to work out if you would still save money by switching even if you have to pay an exit fee and do your research into your new supplier before switching.
You should also make sure that your new supplier can provide you with the services you require. For example, you may currently have a business smart meter. If you want to continue using this you should check if the new supplier can offer the same.
Reasons to switch energy supplier
There are many reasons why you may wish to switch business energy suppliers. Some of the most obvious include wanting a better price or customer service. Or you may have simply come to the end of your fixed contract. However some businesses may be making the switch for more complex reasons.
For example, some businesses have decided to switch to renewable energy suppliers in a bid to cut their carbon footprint. As the mentality towards the environment and renewable energy shifts, it is expected that more and more businesses will follow suit in the next few years. Demanding that energy suppliers meet these new requirements of their customers.
Switching to D-ENERGi for business energy
If you are considering switching to a new business energy supplier, consider D-ENERGi as your first choice.
The team here is dedicated to supporting all our customers, old and new, in sourcing the very best business energy deals. Not only that but all electricity we supply is sourced from wind farms across the UK, making us a great choice for companies looking to enhance their approach to sustainability.
To find out more about what we offer, contact our team or take a closer look at our products.
What is P272? P27what? You aren’t alone in the dark about P272. P272 is regarded as one of the biggest shakeups to the business electricity market since deregulation. Sounds more like a character out of star wars, but here are some facts on P272, which we have put together hopefully jargon free. If you unsure on how P272 affects your business please do not hesitate to contact us for free on 0800 781 7626, we will be delighted to help you further. You may also like to view our infographic and visit our support page dedicated to the P272 OFGEM legislation.
The Facts – What Is P272
P272 is a new regulation which has been implemented by OFGEM. It affects the way suppliers settle electricity consumption for businesses with a specified energy use. Resulting in sites being changed to half hourly.
Remember, remember the 5th November… “Guy Fawkes?”. No, no… this is when the P272 migration began! The deadline for all sites to be settled to Half-Hourly is 1st April 2017. Don’t be fooled by the date, it really is 1st April! Also, don’t be put off by the 2017 threat – it’ll be here before you know it!
The settlement is being put in place in order for suppliers to balance the amount of energy being purchased from the Generators. The aim for P272 is to make the readings more accurate via the half hourly consumption. This will provide distributors with more understanding on electricity use. This results in networks ensuring they are sufficiently developed and maintained.
Ultimately, P272 helps you and your business manage and also use the energy smartly. It gives you the opportunity to see where and when you are consuming energy. Also, a more accurate settlement which could lead to better tariff rates… something nobody would say no to, agreed?
Now you (hopefully) have a little more understanding of P272 here is how to prepare:
Learn if your portfolio is affected.
Speak to your supplier, they will be more than happy to explore your options with you.
Select your Half-Hourly Meter and Data Collector.
If your business has a maximum demand electricity supply categorised by profile classes:
05 06 07 08
And you have an Automated Meter Reading meter of which is capable of HH data collection and remote programming. Just to let you know… 160,000 sites are affected so it is definitely worth double, maybe even triple checking!
“How do I check?!” I hear you say? Simple… you just check the S number at the top of your electricity bill to find out your sites profile class.
Believe it or not, P272 can be very beneficial for you and here’s why:
You receive accurate billing
It offers you the ability to avoid peak times of electricity use
It gives you an insight on your energy usage
It allows you to make room for an opportunity of improvement and efficiency
This is an OFGEM regulation affecting ALL maximum demand meters and ALL electricity suppliers equally. If you’re being advised P272 does not affect your business, please let us double check this for you.
A Russian rocket blasted into space this month to investigate whether any methane gas is present on Mars, as part of the joint ExoMars project created by the European and Russian space agencies.
Methane is a gas created by living microbes, and if it were to be detected it would be a revelation in the space industry as it could prove that life exists or existed on the red planet, some 225 million kilometres away from the Earth (which is itself something of a shock, given that in 2003 Mars was a mere 56 million kms away).
We already know there is life-giving water on Mars. Just like the Earth it has ice caps, although the water they contain is more elusive. The American space agency NASA made a huge discovery in 2006 when it found there was water flowing through the planet in even the hottest months of the year, and that the ‘lines’ that appear on our satellite images of Mars are streaks of flowing salt water.
That’s when the questions ‘did life exist on Mars, and can we find out?’ really started to arise.
The ExoMars project involves sending up a Trace Gas Orbiter to sniff the Martian atmosphere for methane, and if the results are positive then this would establish that methane has been generated via geology or a biological process.
As part of the same mission, a stationary lander called Schiaparelli will test the technology for a subsequent mission – ExoMars 2018 – which will see a UK-built rover collect soil samples filled with water particles and drill below the planet’s surface to look for other signs of life. That’s when the search for Martian life will start in earnest.
These two projects combined will cost an eye-watering £900 million but isn’t it worth it for the chance to make one of the biggest discoveries of all time? What a time to be alive!
Planetary scientist Dr Peter Grindrod, from Birkbeck, University of London, who is funded by the UK Space Agency, certainly thinks so. “It’s incredibly exciting,” he enthused. “This is a series of missions that’s trying to address one of the fundamental questions in science: is there life anywhere else besides the Earth? Finding that life exists elsewhere in the solar system would be a huge discovery, so the evidence has to be strong. As they say, extraordinary claims require extraordinary evidence.”
Wouldn’t it be amazing to find out if there really is Life On Mars, or if there has been in the past. It’s astonishing to think there could be more than just us Earthlings in our solar system!