When switching from one business energy supplier to another, this process shouldn’t be taken lightly, in fact businesses and business owners should read carefully so as not to be caught out. In this blog we uncover 5 simple things you should be considering before you switch business energy supplier, providing advice on what you should look out for, to ensure you get the best deal for your business.
Compare prices with a variety of energy suppliers
One of the first things you should do when considering switching energy suppliers is to compare a range of different suppliers. Specifically business energy suppliers. Those that specialise in supplying gas and electricity to businesses are often the best suited for businesses of all different sizes and with various needs.
By comparing competitors you will gain a better understanding of the market. Discovering the average prices across the current market but also identifying differences between each supplier. Some may offer better prices while others may be more expensive but have much higher rated customer satisfaction. It’s important to understand what it is you are looking for so you find the perfect supplier for your business and your requirements.
Price comparison sites are often some of the most effective ways to compare, however it is important to bear in mind that some energy suppliers are not included on such sites. Sometimes your own individual research is best.
Check for exit fees with your current energy supplier
Before you make a decision about leaving your current energy supplier, be sure to read the small print. Often customers may wish to leave but your contract will put roadblocks in place to stop you from doing this so easily.
Speak with your current energy supplier to determine what exit fees may apply and when the best time to change the contract would be. Typically this is within the weeks leading up to your current contract reaching completion. Most businesses and energy customers will start to shop around just before their contract expires, letting their energy suppliers know in advance that they will not be renewing their contract. This is the best way to avoid paying any unexpected fees.
Consider the length of deal you have found
If you have found a contract that ticks your boxes, there’s one thing to pay close attention to. This is the length of the contract. Sometimes energy suppliers will make this information less obvious to catch out new customers. The typical energy contract is between 12-24 months, anything longer than that should be reconsidered or given a closer inspection.
Read reviews of your chosen energy supplier
Often something that is overlooked but is so important, is customer reviews and satisfaction ratings. Understanding the services your potential new energy supplier offers will give you a good idea of what you can expect once you sign a contract with them. Hearing what others have to say about them on Trustpilot, especially businesses in a similar industry to your own, will help you in making your decision. Afterall, customer service makes up a huge part of the company’s role, making sure all energy customers are receiving the services they need.
Look beyond your quote
If you’ve requested a quote from an energy supplier and you’re happy with the price, you should be cautious in your next steps. While this final price may sound great, there could be some hidden costs or a chance that this price will change. Be sure to get details about your quote, what it means, what it covers, and other terms and conditions that may apply. While reading the small print isn’t the most enjoyable part of signing a contract, it will certainly save you in the long run.
At D-ENERGi we can provide you with a free quote, providing some of the most competitive and unbeatable prices for business energy customers. We are also providing excellent customer services with 5-star rated on Trustpilot. If you’re looking for a change, get a quick quote from us and see how much you could save on your business energy bills.
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Business energy bills are a guaranteed cost for a business of any kind. Even the smallest sole trader businesses will have to pay the expense of lighting, electricity supply for technology and other things such as heating and air conditioning. Since this is a cost that every business has to contend with, there are many different solutions for businesses who want to reduce their costs to improve business cash flow. In this latest blog we review the many business upgrades that you can carry out to your business premises, be it an office, work site, or somewhere else, to help reduce your electricity usage and cut down spending on your electricity bills.
Upgrades you can make to your business premises
In order to ensure that your business is as energy efficient as possible and your energy bills are kept as low as possible, you can make the following upgrades and adjustments to your building: Invest in new insulation – if you’re not aware of how long your business has had insulation, be it in the roof or the walls, it may be time to upgrade. Signs of old insulation include:
Draughty rooms
Higher energy bills than usual
Inconsistencies in room temperature
Trouble with condensation and mould
These signs are a sure sign that your insulation solutions have aged and it is time to upgrade. With a range of insulation materials and options you can choose to insulate your business premises according to your budget. Certain materials such as fibre glass are some of the cheapest to purchase and install. However, it is important to always consult an expert to ensure your insulation is fitted correctly and safely. What’s more, according to the Carbon Trust, an uninsulated office building will lose 60% of heat waste through the structure of the building. Either through the walls, loft, windows, or floors. Investing in quality insulation will save your business from losing hundreds of pounds worth of heating, whilst also creating a much more comfortable and sustainable environment for your employees and teams. Upgrade lighting systems – With around 20% of energy costs coming from the use of lighting, both in business and domestic scenarios, it becomes important to know how much your energy bills are impacted by your lighting choice. As one of the most energy efficient lighting options, LED light bulbs are highly recommended to businesses looking to cut costs. While the initial cost to fit these lightbulbs throughout a business premise, particularly an office, will require a larger budget than usual for bulbs, the long term cost savings make this worthwhile. LED lighting offers a longer lasting, brighter and safer solution for business use whilst also being the most eco-friendly option of them all! Install solar panels – have you ever wondered how renewable energy could benefit your business? Solar panels are an accessible option for businesses looking to invest into renewable energy sources and reduce their carbon footprint. Solar panels can be installed to a range of buildings and will help cut the costs of your electricity bill by sourcing energy from the sun rather than traditional means. It is however, important to invest in a quality solar panel system that will be capable of providing the very best results. Install first time central heating system – in older buildings, particularly older office buildings, central heating may never have been installed. Central heating is one of the most efficient and cost effective ways to heat a home without having to rely on the use of single electric room heaters or other alternative energy sources. While central heating is a costly investment it will certainly provide many benefits and not just to the cost of your electricity but it will also help to improve the comfort of your working environment. Making the heating of rooms much more manageable.
Get help and support for your business
While current energy rates are not as high as they were in the midst of the energy crisis, there are still many businesses in the UK struggling to make ends meet. In order to protect these businesses and keep them afloat, there are a number of support avenues that are still available to utilise. From financial support from the government to charities and your own energy supplier. Finding the help you need can make a huge difference, and take some weight off your shoulders as you continue to run and grow your business. The UK government currently has a business support service which is available to contact for free advice in England. They can be contacted in a number of ways:
enquiries@businesssupportservice.co.uk
Telephone: 0800 998 1098
Webchat
There is also a wide range of financial support available across the nation, with different services provided in different regions and counties. Click here to find a suitable funding scheme for your business. A great example of this is the SME Energy Efficiency Scheme (SMEES) for small businesses located in Tees Valley to improve their energy efficiency. Support from your energy supplier. If you are struggling to cover the cost of your business energy bills, it is important that you let your supplier know. At D-ENERGi we support a wide range of businesses with their business energy supply and are on hand to provide you with help and guidance to ensure you do not get stuck or caught out by an unexpected bill. Simply get in touch with our friendly team for more information or get a quick quote by filling out a short online form.
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There’s no doubt that by calling around a few business energy providers, the tariffs available vary greatly and it is possible to get a great business energy quote easily.
There’s no doubt that by putting in a small amount of effort and calling around a few business energy providers, the tariffs available vary greatly and it is possible to get a great business energy quote easily.
Indeed, depending on the business size and postal code, the potential savings by switching energy suppliers for a business could be substantial. According to some energy experts, a business could save several thousand pounds of its energy bill by simply switching business energy suppliers.
Considering that a small business may spend around £5,000 on its electricity bill and £4,000 on gas bill, there could be a large amount of money to be saved. And for a business, all money saved is a boost to profitability in the success of the business.
Enjoy lower business energy prices
So while switching business energy suppliers is relatively straightforward and easy, it is still not a very popular tactic for a business to undertake in a bid to cut its energy costs by enjoying lower business energy prices.
This has been underlined by an investigation last year by the Competition and Markets Authority which revealed that around 40% of businesses in the UK had not switched their energy supplier in five years.
Another surprising statistic is that 30% of businesses have never switched suppliers, so they are probably overpaying hugely on their energy bills.
However, with a quick search of online comparison websites, an annual electricity bill was reduced from £3,000 to £2,800 and then after contacting a few business energy suppliers by phone, they managed to cut this down to £2,600 every year with the same energy consumption. Your business can even save more money by reducing your consumption with a lower unit rate.
With a few minutes of effort, a small business could save £900 on what they would have been paying for their business energy needs.
Get the best business energy price
For any business owner who is thinking of switching business energy suppliers, it’s always worthwhile having a comparison breakdown of unit rates and standing charges to compare a quote with a few business energy suppliers.
There are some simple steps to take to ensure a business gets the best deal and that is to establish a benchmark price first. This can be done by using an online comparison website for business energy costs.
With this figure in mind, it’s worthwhile calling around a few business energy suppliers to see who will offer the best price and the best customer service. Not everyone will do but it’s still worth making the effort.
This is where an established popular business such as D-ENERGi comes into its own with its friendly and helpful team of experts who are UK-based, able to answer the calls promptly, providing the competitive rates when it comes to switching their business energy suppliers.
At D-ENERGi, we work with businesses of all sizes to help them lower their business energy bills and provide tailored solutions. Speak to our friendly experts to find out how much you could save and get a quick quote designed to suit your needs. We ensure that your calls will be answered promptly within five rings or less, without a long waiting time.
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Call for free 0800 781 7626 to speak to one of our friendly Customer Services team or chat with us in the Live Chat during business hours and reduce your business energy prices!
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