how do you go about switching from one supplier to another?
Like the residential sector, it is not always simple to switch to alternative energy sources for your business. Each business tariff is normally for a certain duration of time, usually of at least twelve months. Some contracts last up to three years and you are tied into that agreement until it ends. So, here are some tips.
Firstly, ask your existing supplier whether they would be prepared to alter their prices during the course of your contract if you were to move. Some domestic energy suppliers have the option of ‘bundling’ or offering a reduced price when you sign up for an energy contract with them. Ask them first, so you have an opportunity to try this out before switching. If they refuse, ask other energy suppliers for quotes on a regular basis so that you can compare the prices in any given period of time.
a larger saving at points
When you consider switching your business energy supplier, look carefully at the energy deal you currently have. Look at the price list on their website and compare this with the price you are offered by another supplier. Some suppliers will offer a slight discount on a daily basis, whereas others may have a larger saving at points during the year such as for the first month of the contract.
Check that you have an ongoing gas or electricity supply from your current energy supplier. Although many suppliers now offer ‘tech-enabled experts’ on the phone or through their websites, some will still occasionally send out letters to let you know that your contracts will end in the next six months. This makes it imperative that you have this information before you decide to call up one of these tech-enabled experts or visit their website. Call up instead and ask for a current contracts list so that you can get an idea of the costs you could be facing in the next six months.
business electricity and gas are likely to cost
In addition to looking at how much your business electricity and gas are likely to cost in the next few months and years, you should also have an idea of how much it is likely to cost you over the long term. The initial increase in prices can be quite startling for many businesses, especially those who are not on the main grid. However, if you make your payments on time and with interest, your bills should remain manageable until you reach the end of your contract. Switching your business electricity supplier when you reach this point, will usually save you money in the long run because you will then be required to pay less for your gas and electricity. The time consuming involved in switching your business electricity supplier could also be more time consuming than just going through the whole process of switching your gas and electricity contracts.
Always be sure to take a look at the tariffs that you will be facing when you sign up to a new contract with your chosen Business Energy Supplier. Be sure to read the small print on the tariffs, because this is where you will find hidden costs. Although there may be some obvious costs that you cannot avoid by switching suppliers, it’s important to compare the rates and other fees that will be coming into play when you are switching your contracts. If you can take this extra time to find a good Business Energy Supplier, your company will benefit from lower utility bills.