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14 May

Why Businesses Must Switch Energy Providers

by Simon Thompson
 

There are two very good reasons why businesses must switch energy providers on a regular basis or, at least, undertake a comparison exercise.

The first reason is to access cheaper bills for your firm’s use of electricity and gas; this will lead to lower bills and overheads.

The second reason is that with more firms looking to switch business energy suppliers will help boost competition in the marketplace and this will stimulate lower prices for all businesses. This means that all businesses will benefit as a result.

To underline the situation, a government survey revealed that 40% of firms have never bothered switching so they are probably overpaying for their business gas and electricity needs.

Looking at an energy switch between business providers

It’s also important for those firms who have never bothered looking at an energy switch between business providers appreciate that the process is straightforward and seamless; there’s no loss of supply when you switch from one supplier to another.

Most firms will be busy with their day-to-day activities and they may believe that this exercise is pointless since all of the energy firms will have similar offers.

Unless you look at what the market is offering, how will your firm or organisation appreciate what the potential savings could be?

There’s no doubt that gas and electricity prices can be a financial burden for many businesses and all organisations should become more energy savvy.

Indeed, the Competition and Markets Authority has highlighted that small and medium-sized enterprises in the UK are over-paying by £280 million every year for their energy needs. Most of this will be down to not switching energy providers.

Switching energy providers

The best time for any firm or organisation to look at switching energy providers is when your current provider contacts you with details of your next year’s contract.

This opens a window of opportunity for you to shop around, find a new deal, inform your current supplier that you are switching and the process will begin.

It is possible to switch providers while under contract but there may be administration fees to pay but all firms should look at carrying out this exercise regularly.

 

The best way of finding out whether you can save money on your overheads by when you switch energy suppliers is to speak with the experienced team at D-Energi who have access to the latest and best business energy deals.

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