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Here we answer all the important questions about switching your supply.
It’s easier than ever to switch home energy suppliers, and business energy isn’t far behind. There are just a few key differences to be aware of:
Home: At any time, but you may incur an exit fee if you’re on a fixed rate tariff.
Business: You can’t switch to another supplier before your existing fixed term contract comes to an end. You can seek prices from your existing supplier and other suppliers at any time.
Home: The new supplier handles this.
Business: You must inform your previous supplier of your intention to switch by issuing a notification of termination. This can be served between 28 days and three months prior to the end of your current contract.
Home: It should take no longer than 17 days (that includes a 14-day cooling-off period).
Business: It should take no longer than 28 days, providing you have given a termination notice to your previous supplier.
Business: No. You will need to secure separate contracts for business gas and business electricity.
Engage directly with a supplier.
All you need is the following:
All the information you need can be found on a recent business gas and/or electricity bill.
If you’d like a quote from The Energy Guys, you can simply send a copy (or a photo) of a recent bill to email@example.com. We’ll prepare a quote for you and get back in touch.
The gas and electricity wholesale markets are very volatile and prices can vary significantly within a short period of time. With this in mind, the advice is to shop around, but be aware that the market could go up or down while you’re shopping!
Compare the standing charges, unit rates and actual total annual cost to understand how the deals stack up. It is not recommended to look at the standing charges or unit rates in isolation because they may be misleading to the overall amount your business will pay.
And remember, price isn’t necessarily everything. Suppliers offer various billing and servicing options, so make sure you check a supplier can fully satisfy the needs of your business.