When was the last time you checked the details of your energy bill? If you feel like the bills for your energy continue to stack up and are constantly causing you a financial headache. These could be hints that you need to switch your current energy suppliers.
It’s possible to find a better deal elsewhere and if you want to know more, scroll down for more information.
Are You Paying Too Much?
Suppose you haven’t checked what you are currently paying against the new market rates. There is a tall chance that you are paying too much for your business energy. The same thing goes if you are on an out-of-date contract. When this happens, you are putting too much financial burden on your business.
Keeping costs to a minimum is the utmost priority when running a business. Therefore, paying too much for your utilities takes away the opportunity for your business to grow and expand.
Energy rates vary from time to time depending on the current supply and demand in the market. So if you haven’t yet seen the current energy packages being offered in the last twelve months, you may be spending more than you should.
It can be a tedious and daunting task to check all the latest available rates against your prices, so you may want to consider booking an appointment with a specialist firm that can do the work of searching and comparing for you. They might even negotiate the best deal for your business.
Have You Checked What Other Suppliers Can Offer?
Nowadays, many small energy providers can provide you with better business gas and electricity prices. In addition, they can also deliver more personal and bespoke customer service.
If you are unhappy with your current supplier’s service, you can make a complaint by talking to them directly or to the Energy Ombudsman. If nothing happens and they still provide the same lame service, it’s the best time to try out other suppliers.
Have You Considered Going Green?
Going green has a lot of benefits. Most people know that individuals and corporations should do it, but only a few have done it. One of the main obstacles to this business uptake is the common misconception that green energy is more expensive.
So if you feel like you cannot do it on your own, you can check out Utility Bidder to help you out. They have a dedicated team of business energy experts who can help you compare energy deals and identify the best energy solutions for your company. In addition, they can help you switch from your old energy supplier to a new one as effortlessly as possible.
However, the margins have now been reduced, and many factors can directly benefit businesses considering adopting renewable energy sources. Here are some of the benefits for your business when you choose to go green:
- Reduced carbon footprint
- Meet environmental and CSR (Corporate Social Responsibility) targets
- Boost your brand and image to the public
- Improved marketability
- Save money
How Can You Make The Switch?
First, you need to find the best energy deal for your business by comparing what is offered in the market. Once you have found it, then you can look into switching. Take note of the following when you are planning to switch:
- If you terminate your contract prematurely, you might pay an exit fee. But, if you are on a standard tariff, you can change to a new provider whenever you like without any penalties. The cost will only apply if you have a fixed-term agreement in place. This means that you are locked into the contract until the day it expires. However, paying the exit fee could be better if you know that you are under a very high fixed tariff.
- Give your current supplier as much notice as possible. You can ask them to provide you with the date when you need to give the notice of termination.
- Sign your new contract with your new supplier and confirm when they will take over your energy supply. Make sure to read and understand the terms and conditions of your current agreement and always ask your supplier if there are details or information when you are unsure. Then, decide how you plan to pay your bills. According to research, paying through direct debit proved to be a more cost-effective option.
- On the day of the switch, make sure to take meter readings and send them to your old and new suppliers to avoid overpaying.
Suppose you have a misconception that switching energy suppliers is time-consuming or don’t want to be bothered by all the jargon and figures involved with energy tariffs. In that case, you are missing out on the opportunity to save more money by taking advantage of switching to a better deal or supplier.