There are a number of reasons why it makes sense to switch business gas supplier, but the main one will no doubt be to save money.
If you’ve never switched supplier before, you’ve let your current tariff expire without agreeing a new one, or you’ve just moved into a new workplace without arranging a deal, your supplier will have placed you on one of its more expensive rates, meaning you’ll be overpaying for your gas.
A quick call to the energy team at Confused.com can put all that right though – we’ll compare deals from a range of suppliers to find the best deal for your business. Give us a call now on 0800 158 5296 to find out how much you could save.
As your business gas contract approaches its end date, your supplier will get in touch to let you know your renewal window has opened and offer you a new deal – it’s unlikely this deal will be as competitively priced as others out there, so you should now start comparing quotes to line a up a new deal for when this one ends.
If you opt to switch gas supplier, your new provider will get in touch with your current provider to arrange the switch, which should take around six weeks to complete, depending upon your circumstances.
Unlike with domestic deals, once you sign up to a fixed-term business energy deal it’s unlikely you’ll be able to end it early. The only exceptions to this could be if you move into a new business premises, or your business goes bust.
If you’ve been placed on deemed rates because you’ve moved to a new workplace, you can switch to a new deal at any time, and if you run a microbusiness you can switch to a new deal by simply giving your current supplier 30-days’ notice.
To find out more about switching to a better business gas deal, give our Confused.com enery experts a call on 0800 158 5296 today.
There are two main types of default tariff your supplier can place you on – deemed rates and rollover contracts. Deemed rates are an expensive out-of-contract rate your supplier will place you on if you move into a new business premises without agreeing a new deal. If you let your current energy deal end without agreeing a new one, your supplier will automatically put you on a rollover contract, which could see you tied in to a more expensive rate for another year.
When switching supplier, you’ll most likely be offered one of two types of gas deal – a fixed rate contract or a variable rate contract.
Fixed-rate contracts set the amount you pay for each unit of gas you use. Although this rate is fixed, your gas bills will still fluctuate according to the amount of energy you use. A variable rate deal means your unit rate will fluctuate according to market activity, meaning the amount you pay each month can go up or down even if you use the exact same amount of energy.
Fixed-rate deals are usually the best for businesses, the guaranteed rate is the best way to protect against price hikes, and makes budgeting a lot more straightforward.
It’s difficult to say how much your business gas rates should be, purely because every energy contract is designed to meet the specific needs of the individual business. In order to work out your rates, your supplier will consider a range of factors, including:
- Business size
- Number of employees
- Consumption rates and patterns
To give you an idea of how much you can expect to pay, here are the average rates currently being paid by SMEs:
What are average business gas rates?
|Business size||Unit rate (per kWh)||Standing charge (daily)|
|Microbusiness||5p - 5.1p||19p - 25p|
|Small business||4.5p - 5p||19p - 25p|
|Medium business||4.3p - 4.5p||24p - 25p|
These figures are based on industry averages and are only a guide. Many factors impact the amount you pay for your business electricity, including consumption habits and location.
The only way to make sure you’re on the best business gas deal is to ring around a variety of suppliers and collect a quote from each – something very few business owners have the time or inclination to carry through.
But one call to Confused.com can save you both time and money – we’ll gather all the information needed to compare quotes from a range of suppliers. To make sure we return the most accurate quotes, we’ll need to know the following:
- The name of your current gas supplier
- The name and end date of your tariff
- Your supply type
- How much electricity your business uses
- Your meter’s MPRN
With all this information to hand, we’ll compare quotes and present you with a range of deals – you simply need to pick your preferred supplier and we’ll take care of the rest.
To start the switching process, give the Confused.com team a call on 0800 158 5296 now, or click the ‘GET AN ENERGY QUOTE’ button at the top of the page, and we’ll give you a call back.