When is the Best Time to Switch Energy Supplier?
There is no one-size-fits-all answer to ‘when is the best time to switch energy supplier’, as every business has a different number or meters and different contract end dates.
Why is staying on top of your business energy contract important?
Many businesses fail to switch gas and electric supplier before their contract ends. This can be due to a variety of reasons such as:
✓ Having no one to manage your energy or switch business energy suppliers
✓ Not knowing when your contract is due to end
✓ Missing a notification from your existing business energy supplier
It’s too easy to go out of contact and roll onto a standard or higher tariff, which means your business utility bills will cost a small fortune! Changing commercial energy supplier will help you to avoid this.
Millions of UK businesses are overpaying their utility bills on impractical tariffs, resulting in suppliers making around £500m in excess profits – Competition and Markets Authority
Why should I change business energy supplier?
With energy suppliers, there are often no prizes for loyalty. Different suppliers offer different options, the trick is choosing the supplier that will take care of all of your business energy needs and offer you a little something extra.
Each year, supplier offerings and pricing options change, so it’s worth doing your research before selecting a new supplier.
By creating the opportunity to switch business electricity and gas suppliers, you could benefit from vastly reduced overheads, expert business energy management advice and an all-round easier life!
It’s estimated that 1.2Million businesses are overpaying their energy supplier – Some by up to 80% – Competition and Markets Authority
Can I change business energy supplier?
You can switch your business energy provider, however it is dependent on whether you’re tied into a contract. You can also switch your energy provider if you’re on a tariff that you haven’t chosen to be on, usually this happens when businesses switch to a new premise.
Do I have to change my business energy supplier to save?
Not at all! If you are happy with your current supplier, but want to save some money, you can do that by exploring alternative tariff options.
You can learn about the different business energy tariffs available on our supplier pages or speak to a friendly business energy expert on 0800 9777 000.
When is the best time to change energy supplier?
Every Business in the UK has a window of opportunity that they can utilise to find a new supplier or tariff. This time frame opens before your current contract is due to expire, however it does vary from supplier to supplier.
Why is this the best time to switch business energy supplier?
A business energy contract is a legally binding agreement between yourself and your supplier. Leaving a contract too early can result in your business incurring charges for the privilege, so it’s best to wait until you are in the renewal window!
Leaving a business energy contract too late can also be problematic, as exceeding your contract end date will result in your business being rolled onto a more expensive standard or higher tariff.
Which business energy suppliers can I choose from?
With Exchange Utility, you have a range of supplier and tariff options that could help to reduce your business energy spend.
✔ Corona Energy
✔ EDF Energy
✔ Opus Energy
Ready to switch business energy supplier?
If you’re a money savvy business looking to make some easy savings, get in touch.
All you need is a recent business gas, electricity or water bill, then our team can handle the rest, providing you with all of the information that you need to make an informed decision.