When was the last time you examined your energy bill? If you haven’t checked the energy market for the previous twelve (12) months, this may be a good time to do so. 

Did you know? By shopping around, you can take advantage of the best energy deals on the market, and you might be able to find a better deal with a new supplier. You can even save hundreds of pounds annually by doing so. 

If you are not yet convinced, here are three reasons to switch energy supplier:

  • You are paying too much

There is a big chance that you are paying too much for your business energy. Rates will vary from time to time, so you might be missing out if you have not checked the market for the current packages offered for the last twelve (12) months. 

You might be thinking; switching energy suppliers is a tedious and time-consuming task. But, it’s pretty easy nowadays, thanks to technology. There are comparison websites online that can help you out. They can provide you with a comprehensive list of energy suppliers and their prices and services offered. 

  • Smaller suppliers

With more energy suppliers in the market, you have more options to choose from. There are big-name energy suppliers that can offer reassurance due to their brand and large customer service setup. However, the prices and the services they offer may not live up to their status.

Therefore, you may want to check out smaller energy providers. Many can give you better value for gas and electricity packages. Furthermore, they can deliver bespoke customer service that will fit your budget and business needs.

  • Expensive energy bill

If your energy bill keeps on stacking up, you may be paying too much with your current plan. In addition, an increase in your business energy cost indicates that you need to find a better deal for your business energy needs. 

Finding a new supplier can help reduce your overheads and ease the financial strain of your business’s energy consumption. So you may want to start and search for a better energy plan for your business.

 

Is Switching Hard?

As a business owner, it’s natural to think that switching is a complex and time-consuming task. Unfortunately, many miss out on the opportunity to save more money because many still believe that switching will disrupt their business operations, but this is far from the truth. 

Did you know? Switching energy suppliers is now simpler than ever. Why? Because the Power to Switch campaign is now in place. It encourages individuals and businesses to be “energy shoppers”. As a result, you currently have the freedom to search out the best deals to save money on your business energy. 

Switching times have now been reduced from six (6) weeks to seventeen (17) days. Furthermore, suppliers have made their bills clearer by removing the so-called “dead” tariffs and moving their long-time customers onto newer standard rate tariffs. 

If you are convinced and have settled to shop around but still have no idea how to start, you can read further for additional tips.

 

Additional Tips

You can ask your current supplier if they have newer or better offers. Their latest offer will serve as your benchmark when looking at other deals. 

Take note that you need to ask the suppliers to explain all the terms and conditions before signing up entirely when shopping around. Therefore, it is crucial that you fully understand everything written in the energy contract. Doing this will help avoid issues and problems in the future.

Another way to shop around is by using energy brokers. These individuals or organizations give energy-related advice to help you manage and procure your business energy needs. Energy brokers act as an interface between consumers and energy suppliers. 

They can help you make better energy choices because they have in-depth knowledge of how business energy works. They have experience across all energy sectors. They understand the needs of different businesses, whether you are an SME, a large company, or belong to the public sector.

 

If you decide to use an energy broker, make sure to ask them the following:

  • Which suppliers do they represent?

Knowing this information will let you know whether they can compare the whole market for you.

  • How their services are paid?

Knowing this in detail will let you know if their commission is already included in the quoted prices or if you need to pay a one-off fee. 

 

Conclusion

There’s a lot of benefits when you switch energy supplier. You can save money on your business energy costs by shopping around. So make sure to find the best energy product that suits your business by finding the best supplier.  

Ian Warner

About the author

I went from a broken leg to a 2012 Olympian. I have spent the last 15 years building positive habits as a track athlete and entrepreneur. I founded Habit Stacker and dedicated my life to helping people to develop winning habits. I have helped over 5,000 people...

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