When you are looking to switch your business energy supplier, there are several steps you need to take. The first is to find a new provider. Find out the supplier’s rating and look at their reliability history. Try to avoid companies that have been in business for less than 10 years as they are more likely to struggle when it comes to switching energy suppliers. To switch your supplier you must:
Pay off any outstanding debts before you switch. Your existing energy tariffs may be subject to review, which could result in an increase in your overall rates. You can expect your rates to rise if your company has contracted any surplus gas or electricity to a gas retailer or received a windfall profit. If your supplier has not been approved by the government to sell gas and electricity under its brand name, you cannot switch with their energy tariffs. It is also important to note that if you are being made redundant your contract will probably be reviewed and you may not be eligible to switch business energy suppliers until the review is complete.
Contact your existing meter and ask them to review your meter and provide you with a business energy quotes package. Your existing meter will need to be rerouted so you can be connected to the new meter. When you contact your existing supplier, you should ask them whether they would be prepared to fit your existing meter for you free of charge.
Have a professional opinion given on your tariff. A qualified energy tariff consultant will be able to give you an impartial opinion on your contract. The initial quote provided during the installation process may not reflect the final rate, so it is important to request a second quote once the installation process has been completed. A qualified consultant will be able to advise you on whether you have chosen the best rates from your available options.
Take advantage of all available discounts. You may find that there are some business energy suppliers who offer special deals and discounts if you sign up online, complete a survey or win a competition. Some suppliers even offer cash back when you shop around and use their website to compare prices with other suppliers.
Where possible, install a boiler? If you can keep your boiler warm for longer periods of time, you can use energy wisely. Installing a boiler will help to reduce your monthly energy costs and make it easier and more cost effective to manage your home’s energy supply. Some utility companies in the UK offer further incentive schemes such as paying a portion of your electricity bills each month towards your boiler. Some energy suppliers offer to double or triple payments on energy bills when a customer installs a boiler. When comparing business energy suppliers, it is a good idea to check whether any of these incentive schemes are available to you.