How Do I Switch My Business Energy?

Image of a man holding a light bulb.For businesses, managing expenses and saving on costs where necessary are both important parts of the successful running of a business. All businesses have one expense in common, and that’s the business electricity. There are many small businesses that are at risk of paying as much as 30% more for their energy than they would if they had simply compared new energy contracts.
Switching to a more favourable business electricity deal provides a great number of benefits and it’s important that businesses compare energy contracts to reduce the risk of unnecessarily paying for more expensive rates for both business gas and electricity.
If you are considering switching your current plan or would like to compare energy contracts, then here are a few tips to help you get the best deal possible.

Contract Renewal Period

Before you begin looking around for quotes and suppliers, the first thing you should do is check how much time your contract has left. Business may not be able to apply for a new contract if they are not within the contract renewal period. Usually, these contracts will open the renewal period six months before your contract ends. Your current supplier should also contact you to notify you that your current deal is expiring soon. To avoid missing the renewal period, it’s important to make a note of your contract dates.

 

Compare Energy Deals & Get New Quotes

If you are now within the contract renewal period, then you can start looking around for new business energy quotes. To make sure that you can get the best deal possible, it’s recommended to get quotes from various suppliers and to take your time looking around. It’s also important to remember that you will need to find specific deals for electricity and gas as they cannot be supplied on the same contract.

 

Use an Energy Comparison Broker

To help you make the switching process easier and more convenient, you can use a broker service which will handle everything for you. Many businesses like to use energy comparison brokers as they will have access to the most favourable deals and they can even liaise with suppliers to find better deals.
Using a broker service for your business gas and electricity contracts is as easy as having a short conversation to identify your business’s requirements and the energy consumption. Then, they will help you find the best contracts that meet your business’s energy needs.

 

Deciding on the Right Contract

After you have gathered various quotes, the important part now is to decide on which contract is best suited for your business. There are various factors you should keep in mind when making the choice, including supplier reputation, customer service, your business energy consumption, and most importantly, the price of the contract.
Once you have made a decision on which contract is most suitable for your business, you will then need to inform your current supplier and let them know that you intend to switch contracts. Some brokers can even inform them on your behalf which makes it more convenient. Do keep in mind that suppliers will usually require 30 days’ notice before you leave the contract. To ensure that you can avoid any delays, it’ important that you act as soon as possible.
After that, you will then need to inform your new supplier that you are going to accept their contract. This can also be done through your broker.

 

Wait for your Contract to Switch Over

After you have informed your suppliers of your intention to switch contracts, all you need to do now is wait for the date of the switch. When the date comes, your new contract will automatically begin after your current contract ends. However, your current supplier may object to the switch for a few reasons, such as if the business account has a debt with the current supplier.

 

Compare Business Energy Online

If you’re looking for a new business electricity deal or simply want to compare electricity contracts, then simply fill out the business energy comparison form and leave it to our saving experts to find the most suitable deal for your business. In the meantime, if you have any questions or are unsure of what you are looking for, then please contact us.

Call us on 024 7509 5180 or you can email us at quote@comparenergyonline.co.uk.

 

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