Are You Ready to Start Saving on Your Business Energy Bills?

FAQs

• Does the energy price cap apply to businesses?

  Unlike domestic energy, there is no price cap on business energy.

  However, the UK government have introduced the Energy Price Relief Scheme which gives businesses discounted energy rates for 6 months, from 1st October 2022.

  To find out more, please complete our enquiry form and we would be happy to run through this.

• What information do I need to provide to compare energy rates?

  All you need to provide us with is your name, postcode, email address and phone number to begin comparing business energy suppliers. Simply fill in our enquiry form to begin.

  It is not essential, but if you have the name of your current energy supplier and your current energy bill/usage to hand, this helps us find the best deals. You can still find cheaper tariffs without this information.

• Who is the cheapest business energy supplier?

  The cheapest supplier for your business depends on your address and how much energy you use. Therefore, what is cheaper for one business may not be cheaper for the other.

  This highlights the importance of comparing energy suppliers to find the cheapest for your business.

• How do I reduce my business energy bills?

  There are a variety of ways to make your business more energy efficient to save money on your bills.

  You could switch off lights, computers and other equipment overnight if they are not being used, switch to energy efficient light bulbs or ensure your walls are properly insulated to retain heat.

• Will my business energy be disrupted when I switch suppliers?

  No.

  The process of switching business energy suppliers is rather straightforward, meaning you shouldn't face any disruption. Your new energy supplier should use the same pipes and cables as your old supplier.

• How do I know which energy plan I need?

  It is imperative you choose an energy plan carefully to ensure it is the right tariff for your business.

  You should consider how much energy you use, the type of fuels you need and how much you wish to pay. Plans can range in price, but you shouldn't be paying for something you don't use.

  We can support you when it comes to picking the right energy plan for your business, speak with us today.

• What is the difference between domestic and business energy?

  There are a few differences between the two.

  Businesses choose a supplier for a set period of time, which can be up to 4 years. Businesses are charged a set price for this period, agreed in a contract.

  Domestic energy are usually rolling contracts, so there is no end date.

• How do I find out when my energy contract ends?

  One of the easiest ways of finding out when your current business energy contract ends is to check your latest bill from your current supplier.

  If your business energy contract is due to run out soon, contact us to find the best deals.

  Don't worry if your contract is not due for renewal, as we can provide a 'sense check' and have your current situation compared against the market.

• What do I do if my business is moving premises?

  When moving to a new business premises, your business energy contract will either be transferred to the new address or cancelled.

  If your energy contract is cancelled, it is vital you get a new deal, as you will be on an expensive 'deemed rates' contract with the property's existing supplier.

• What is a deemed contract?

  If you're using a deemed contract you need to switch energy suppliers fast.

  Deemed contracts are used by suppliers for businesses that have reached the end of their contract without switching or renewing their energy contract.

  The rates on deemed contracts are usually the highest and least competitive in the energy market. Meaning that you will be overpaying on your energy bill. Switch to a new deal BEFORE your current contract ends.

• How long does it take to switch energy suppliers?

  Switching your business energy suppliers can take longer than switching domestic suppliers, averaging 4 to 6 weeks. However, this is influenced by your address, your current energy agreement and other factors.

  Switching energy suppliers can be easy and stress-free, but you need to make arrangements with your NEW supplier early to ensure there is no crossover period where your company is moved onto a deemed rate.

• Do I need to tell my current supplier that I am switching?

  Yes. You must tell your current supplier that you are switching, which can be done directly.

  Or, your comparison company/third-party intermediary can do it for you - but you will need to sign and supply a Letter of Authority (LoA).

• What is a Letter of Authority (LoA)?

  Using a third party can be very helpful when looking to switch your business energy supplier. However, if they are to inform your current supplier that you are switching, you need to sign and provide a LoA.

  A LoA is a legal document which allows a broker to purchase energy and speak with a supplier on your behalf. It allows your current supplier to cancel your existing energy tariff.

• How long are business energy contracts?

  Business energy contracts can be fixed from 1 month to 4 years. Longer fixed-term contracts tend to have the best rates and deals. It is worth noting that if rates fall you will still have to pay your agreed rate if you have fixed your contract for a longer period.