30 Jun The ability for firms to switch commercial energy suppliers is much easier than many of them probably realise.
Indeed, a Competition and Markets Authority survey that around 40% of firms have never switched energy suppliers so they are probably paying more for their energy needs than necessary.
A simple call to switching experts such as the D-Energi team will reveal how much a business can save but this depends on the nature of the industry they are in.
In many ways, swithcing business energy suppliers is rather like that for switching suppliers for our homes.
Find a commercial energy quote
The first step is to find a commercial energy quote the business likes and opt for a tariff that best meets their needs.
It’s also possible that the firm can save time and energy from shopping around a vairety of suppliers by suing experts who understand how the commercial energy market works.
They will have access to the latest plans and tariffs and can then deal with any relevant paperwork to switch between suppliers.
Firms also need to appreciate, in case they may be worried, that there will be no loss of supply during the switchover process.
Finding better commercial energy prices
Indeed, finding better commercial energy prices is easy to do with the help of the team at D-Energi though they could use online comparison websites to get a feel for the market rates being charged.
Since deregulation, lots of energy suppliers have entered the market and are offering a wide variety of deals, tariffs and plans to attract customers.
This was the ultimate aim of deregulation with the government believing that this would lead to greater competition, lower prices and better levels of customer service.
It’s easy for firms to switch commercial energy suppliers
This has now been achieved and while it’s easy for firms to switch commercial energy suppliers, they will need to pay any outstanding bills before the process can take place.
In addition, firms cannot switch suppliers until a window of opportunity opens in their current contract; they cannot break an energy contract for a cheaper deal.
Some energy suppliers may allow this to happen but they may also charge exit fees – which may be more than the firm will make in savings.
For more help and information about how firms can switch commercial energy suppliers to save money on their overheads or expert tips, it’s time to speak with the helpful team at D-Energi.
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21 Jun For many businesses looking to switch energy suppliers easily, the main incentive is for them to enjoy cheaper bills and lower overheads.
Indeed, for some organisations the difference between making a profit and loss may come down to reducing their energy costs.
Despite this opportunity, the energy sector’s regulator Ofgem says most firms haven’t bothered switching and are now missing out on huge cost savings.
It also helps that firms can sign a contract for a fixed rate, usually for a year, though some contracts can run for two and even up to five years.
This means they will be able to fix their energy prices which will be of benefit for their cash flow forecasts.
Making the energy switch
When it comes to making the energy switch, the process itself is straightforward and the firm will need to source a new supplier who is offering prices they find attractive. There is no loss of energy supply during the switchover process itself.
It should also be appreciated that for those firms who have never switched energy supplier or have moved to new premises, they will be probably paying ‘deemed’ rates.
This is an out of contract rate which can be an expensive position for a firm to be in; the out of contract rates are usually much higher than in-contract rates.
However, if the firm doesn’t switch suppliers they may be automatically rolled onto these deemed contracts and may not appreciate just how much extra they are paying for their energy supply.
Issues to consider when switching energy suppliers
There are also other issues to consider when switching energy suppliers and these will include the firm’s location and the amount of energy they use.
On top of this, the price they pay for a contract will also depend on their type of business, the length of contract they choose to sign for and, of course, the supplier as well.
While this may appear to be a complicated and confusing marketplace, it is a simple one to negotiate though it does help having experts.
This may mean speaking with the experts at D-Energi who have the expertise and experience to source cheaper energy deals for businesses of all shapes and sizes.
The D-Energi team can also provide expert guidance on how businesses can switch energy suppliers easily and discuss the potential savings that can be made.
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29 May Businesses can switch energy supplier and make a big impact on reducing their overheads and more firms are being encouraged to follow this path.
The government and the industry regulator Ofgem want more firms to shop around every year when their energy bills come up for renewal.
This is regardless of the business sector they are in and there are some effective ways of comparing energy deals and switching suppliers.
The first step is to speak with the current energy supplier to see whether they have any better offers and this will act as a benchmark when it comes to analysing other supplier’s deals.
It should also be appreciated that firms can only switch suppliers during a window of opportunity before the contract is renewed.
This means the firm will need to understand their current contract because the terms will define when the contract ends and when the client can tell the supplier that they want to switch.
Contracts will allow an energy switch to take place
The contracts will only allow an energy switch to take place at certain times.
However, should a firm not switch suppliers then their contract may be rolled over onto an automatic contract which will probably be costing them more than it needs to.
Indeed, these ‘deemed’ contracts are the default for suppliers and the supplier has a legal obligation to inform their clients about other contracts that are available and how their client can find out more.
The next step is for the firm to look at their meter readings on a regular basis so they understand what their energy consumption is over a period of time.
By using this information, they can ask a supplier to give a bespoke quote which could be a quick win for saving cash.
Also, while it’s important that the firm understands its current energy contract, they should also take the time to understand and appreciate the contract being offered by a new energy supplier.
They must do this before they sign up and be wary about agreeing to a contract during a telephone conversation.
Cheap business energy deals
It’s also important that firms appreciate that most cheap business energy deals do not offer them a cooling off period which is a way of canceling the contract within an agreed number of days.
By not understanding the contract, means the firm may be stuck with an energy deal that’s not only unsuitable but is more expensive than their current offering.
To avoid issues with energy contracts and understanding how to switch energy suppliers efficiently, contact the experts at D-Energi for more help and advice.
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5 May For any business asking how easy is it to switch energy suppliers, the answer is very easy.
The process itself is simple and straightforward and the government, along with the regulator Ofgem, encourage firms to shop around and find better energy deals.
It’s also important that when it comes to switching energy suppliers that there is no loss of energy supply to the firm’s business.
Indeed, it’s also possible to enjoy the services of experts who know how the market works and can source a cheaper deal and then take care of the switchover process itself.
This will mean speaking with the expert team at D-Energi who have the expertise and experience to deliver what a business is looking for.
Government is keen that firms switch energy suppliers
One of the reasons that the government is keen that firms switch energy suppliers is to encourage competition in the marketplace so that prices will fall and firms will see their overheads reduce as a result.
In addition, new suppliers are also offering better levels of customer service and some offer energy audits as well.
There’s a lot to recommend switching energy providers for business because this is an exercise that should be undertaken annually when their contract renewal comes up for discussion.
It’s important to remember that a business cannot switch energy supplier mid-contract and they must wait until the contract is due for renewal and the supplier will contact them with their new terms.
Inevitably, there will be suppliers available who will offer energy at a lower rate and some firms can save several thousands of pounds by simply switching suppliers.
Energy switch by a firm can occur every year
In addition, the energy switch by a firm can occur every year in a bid to maintain current rates or find cheaper energy rates by simply switching energy providers when the contract is due.
It’s also important to appreciate that around 40% of firms admit they have never switched energy providers which mean they are probably paying more than they need to for their energy supply.
And since all firms will need electricity supply for their day-to-day functions means this is a crucial cost for the business to pay.
Also, firms who do not switch every year when their contract is due for renewal must appreciate their supplier will probably move them across to a ‘deemed’ contract where the rates are often very much higher than they currently pay. If your firm is on a deemed contract then it’s time to make a quick phone call to reduce energy costs.
More help and information about how a firm can switch energy suppliers to save money and boost profitability is available from the D-Energi team.
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24 Apr With every business and organisation looking to reduce their costs, by finding a cheap business gas supplier they can save money and boost profitability.
However, it should be remembered that to enjoy the best savings a firm will probably need to switch their business gas supplier.
But it’s also likely that as with many other firms, the business will be stuck on a contract that is not just out of date but will be a contract for which they are paying more than they need to for their gas supply.
Savings to be made by switching energy supplier can vary from hundreds of pounds per firm to thousands of pounds every year depending on their gas usage.
The simple trick to enjoying lower rates for gas supply is to switch during the renewal period for a contract since this offers a window of opportunity.
Use experts to find cheap business gas and electric suppliers
It’s also helpful that firms can use experts to find cheap business gas and electric suppliers to access the best deals and lowest gas prices.
It’s also possible for a firm to undertake a lot of the research for themselves to find out how much they can save quite easily.
Perhaps the best way to do this is to visit a gas supply comparison website and by typing in a few details a potential gas supplier will offer their typical rates.
It should be borne in mind that these rates will probably not be the ones enjoyed by the firm concerned since the gas supplier will need to tailor their offering to the firm’s own needs.
Inevitably, this makes sourcing a like-for-like quote very difficult but it does begin the process of realising just how much a firm may be overpaying for their business gas supply and how much they can save.
It’s also possible to enjoy lower rates by locking the business into a contract that runs for two, three or even five years; this is a sound choice should the business believe that energy rates will rise over the coming years.
Locking into longer term business gas supply contracts
Another good reason for locking into longer-term business gas supply contracts is that the firm will then know what their cash flow will be like since they know how much they gas bills are likely to be over a given period.
While many business owners will be tied up with the day-to-day process of running a business and will probably be tight for time, it is still worth spending some time looking at the various offers and opportunities available.
Alternatively, a simple way to find out how much a firm could be paying for their business gas supply is to contact experts such as D-Energi who have the expertise to find the best tariffs possible within just a few minutes.
This could be a tempting prospect for many business owners since they will be able to source lower gas prices quickly and efficiently.
It should also be appreciated that the experts at D-Energi can also take care of the switchover process which is a seamless transaction and there will be no interruption to the firm’s gas supply.
For those larger firms, particularly those with more than one premises, it’s also possible to access lower gas prices and by contacting the team they will also find out just how much they can save.
The supply of gas to various premises
It’s also possible to have just one invoice supplied for the supply of gas to various premises and offices rather than having to deal with several invoices.
This will help streamline the payment processing and help the business keep on top of paperwork and predict their bills more accurately.
There’s a lot to recommend using online comparison websites since they do encourage firms to examine further just how much they can save but, as mentioned previously, firms should appreciate that the price quoted may not be the price they will be offered.
It’s for this reason that the experts at D-Energi can offer more help and advice when it comes to helping a firm find a cheap business gas supplier and save lots of money in the process to lower their overheads and boost profitability.
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12 Apr As a business owner, did you know you could switch energy suppliers and save money on your overheads?
For most firms who do switch, the answer is, undoubtedly, yes as they go on to make big savings.
Sadly, not all of them will switch their energy supplier and many will remain with their current supplier regardless of the extra costs and lack of customer service.
The government is keen to encourage competition in the business energy supply marketplace and the switchover process is easy to undertake.
Also, some firms may be worried that there will be a loss of energy supply during the switchover process but this will not happen.
So, for a firm looking for a cheaper and better energy supplier, it’s time to look at their contract.
Negotiating to energy switch with another supplier
This will tell them when their fixed term contract will come to an end which means they can begin negotiating to energy switch with another supplier to save money and boost profitability.
The number of firms they can speak with has grown hugely in recent years thanks to growing competition.
Indeed, it is this competition in the marketplace that is helping to bring prices down for most firms to enjoy.
Firm should also appreciate that while many of the suppliers will be an unknown quantity to them, they are all professional and will be offering better customer service than some of the better-known household names.
Some firms may be able to enjoy a flexible contract for their energy supply and can switch to a new supplier whenever they want to.
Most firms, however, will only be able to switch during a window of opportunity and if there is an outstanding bill to be paid, their current supplier may lodge an objection to the switch.
That’s understandable since they will want their bills to be paid before the firm can enjoy better contract rates.
The prospect of ever-increasing energy prices
Also, faced with the prospect of ever increasing energy prices it is also possible for a firm to switch business suppliers and fix a contract for more than one year.
This means they will effectively mitigate against any potential energy price increases and predict with some certainty what their energy bills will be over the coming two or three years.
This knowledge also helps with cash flow and they will be able to plan more effectively knowing what their outgoings will be.
Essentially, the business will be taking control of their energy bill and supply and the process itself has never been easier.
While a firm can visit the many business energy price comparison websites, they may not appreciate the difference in prices being offered.
That’s because these price comparison websites may not be looking at the entire energy market and will instead have a restricted number of firms they will be quoting.
A bespoke tariff that is suited to the business’s needs
In addition, finding like-for-like quotes is not so easy since the firm will offer a bespoke tariff that is suited to the business’s needs.
However, the one good thing these price comparison websites do offer is an understanding of marketplace prices so the business can use this information when negotiating with a potential new business energy supplier.
Alternatively, they can speak with an energy specialist who will understand how the business energy market works and how to access the best deals and tariffs that best meet the business’s own needs.
The firm should also be looking for better levels of customer service, particularly with those business energy suppliers that will undertake an audit of their business energy needs.
Once a firm’s business energy supply contract comes up for renewal it is crucial that they do not simply accept the new prices being offered.
That’s because they are probably going to be much higher than other suppliers will be offering.
Firms and organisations to save money on their overheads
This is a great opportunity for firms and organisations to save money on their overheads and improve profitability as well.
It’s also an added incentive that they will be working with a business energy supplier who is keen to help them save further money by reducing their energy consumption.
This means switching business energy suppliers becomes a ‘win-win’ situation and all firms should contemplate doing so every year.
Also, for those firms who have smart meters fitted, known as half hourly meters, they may be able to access the data and find out when their peak energy usage is and potentially move demand to lower price tariffs.
A new business energy supplier can also use this data and tailor their offering that will help deliver even more savings and show a firm how to reduce consumption still further.
There’s a lot to be said for switching business energy suppliers and it’s not just about saving money, though that’s the biggest reason, it’s also about enjoying better customer service and improved energy efficiencies.
While the subject of how to switch energy suppliers may be confusing and time-consuming for many firms, they could contact the team at D-Energi who understands the market and will have access to the latest tariffs and deals that will best meet the firm’s needs.
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