When it comes to business profitability, you’ll know that keeping overheads as low as you can is vital. But countless companies end up unwittingly paying more than they should for their business energy. And with energy prices on the rise, this can add up substantially, especially during winter months.
But how do you know if your business is on the best rates, or if you’re overpaying and need to switch to a better deal?
The best way to find out whether you are paying over the odds for your business energy, is to look up what you are paying on your contract, and then run a quick business energy comparison.
Once you’ve found a better deal, simply switch your business gas and electricity deals.
Comparing and making the move to switch your business energy provider may seem like a job that you just don’t have time for in your schedule. But if you don’t switch Business Gas and Electricity deals when they’re up for renewal, then it’s likely that you’ll be paying more than you need.
And every penny you can save on your energy bills is money that you can invest in your business. So what would you rather do, waste money unnecessarily on electricity, or have more money to improve and grow your business?
Switch and Save in Your Renewal Window
When your current energy deals come close to expiry, your contracts will enter their renewal windows. This is the optimum time to switch Business Electricity or Gas deals.
If you fail to switch business energy suppliers or negotiate a new plan, you’ll be moved onto your supplier’s ‘rollover tariff’.
If you haven’t had the chance to switch electricity and gas supplier for more than a few years, then the price of your energy may have gone up substantially.
If you’ve moved into a new building and haven’t yet managed to switch deals, you’ll be charged a ‘deemed-rate’ until you do.
And if you’ve been on the same plan since the energy market was deregulated, you’ll have been placed on a highly-priced 28-day contract to encourage you to switch deals.
How much can your business save by switching Business Energy?
How much you can save by making the move to switch business electricity and gas deals will depend on the contract you’re leaving.
Business energy quotes are bespoke and often can’t be compared online, but on average, small businesses spend £5,100 on electricity and £4,100 on gas per year.
A 2015 Competition and Markets Authority investigation revealed that around 40% of businesses haven’t switched in the past five years and 39% have never made the move to switch electricity and gas supplier or tariff at all.
These companies will be able to slash their bills simply by making the move to switch business gas and electricity plans.
How to switch Business Energy
While switching business energy is simple in theory, finding the time to negotiate unique quotes from each supplier can be a time-consuming task. Many find that they simply don’t have the time to switch deals.
To help bring cheaper business energy deals one step closer, ByteStart have partnered with Make It Cheaper.
A short phone call is all it takes for their energy experts to determine your consumption habits and needs and see how much they can save you.
During the call it can be helpful to have the following information to hand:
- A recent energy bill
- Your business’s registration information
- Your MPAN and MPRN numbers from your bill or meter
- Your contract’s expiry
- Consumption details/ annual spend
The Make It Cheaper team can then start gathering, negotiating and comparing the best gas and electricity rates for your business. They have the Big Six energy suppliers and many independents on their books to provide you with a range of great energy deals from across the market.
Exclusive ‘Do It For You’ Service
They will be able to advise you on which deal is likely to suit best. And, what’s more when they find you a deal you love, they support you through each step involved in switching providers.
With their exclusive Do It For You service, they can even help you stay competitive by contacting you when it’s time to switch energy deal once more, ensuring you always get a great deal.
To find out more, just visit ByteStart.co.uk/Compare or call the team on 0800 088 6976.