Updated: February 06, 2020

Changing Business Energy Supplier Could Reduce Your Bills by 30 Percent

Switching through a whole-of-market broker could help your company save time, money and energy.

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No impact on your credit score

Why switch with a whole-of-market broker?

Because your company could save a lot of money! Many businesses are on rollover or evergreen contracts for their power, and there may be a better deal with another provider.

A whole-of-market broker will give you the best chance of finding one, and that could mean saving time, money and energy in the long run. Many brokers charge a hidden premium and it’s customers that pay for it – make sure you know you’re on the best deal AND aren’t overpaying your broker by applying through us.

We’ll make sure you’re matched with an expert who operates with complete transparency, one we’ve vetted to ensure they meet our standards and offer a five-star service.

The advisors we work with will carry out a free, no-obligation health check for your firm to identify whether another provider could offer a deal that meets its needs and circumstances more closely. It will cost you nothing to learn whether you’re overpaying for your power, and you could have everything to gain from finding out!

  • Businesses that switch supplier typically save around 30% on their energy bills.
  • The commercial energy advisors we work with will search the whole of the market for the best deals.
  • It is possible to switch energy supplier with no disruption to your business.
  • The new energy provider will liaise with the previous one to ensure a smooth transition. You won’t have to lift a finger!

We work with whole-of-market business energy advisors

The commercial energy advisors we work with are whole-of-market, which means they’re best positioned to find the energy provider who is most likely to offer lower tariffs based on your company’s needs.

They specialise in all business sectors, including…

Bullet Tick Manufacturing and industrial
Bullet Tick Hotels and care homes
Bullet Tick Stadiums
Bullet Tick Agriculture
Bullet Tick Commercial and miscellaneous services
Bullet Tick And many more

How to switch business energy supplier

You can find the best deal to switch to in three easy steps…

1

Make an enquiry with us so we can introduce you to a whole-of-market commercial energy broker who specialises in businesses like yours

2

The broker will gather information about your business energy needs during a free, no-obligation health check

3

They will search the market on your behalf and find you the most favourable quote, tailored to your businesses energy needs and requirements

What rates will I qualify for?

Business energy suppliers will decide which rates to offer you based on these variables…

  • The annual energy consumption (specific to individual meters)
  • Your company’s credit rating
  • The size of your business (single or multi-site portfolio)
  • The postcode you operate in
  • Business type (sole trader, limited company etc)
  • The sector you trade in
  • Type of meter you have (NHH, HH, NDM, Daily Meter, AMR/Smart Meter etc)

Types of business energy contract

The amount you are charged for your fuel will also depend on the type of contract you are on, and they can broadly be divided into four types of agreement.

Rollover contract:

Your company's energy contract renews automatically until the account holder contacts the provider to cancel it, often requiring at least 30 days' notice. Firms on these contracts are often overpaying for their power.
1

Fixed-term:

Agreed rates for a set amount of time. Fixed contracts typically provide more budgetary certainty as your rates are known and secure regardless of what happens within the market whilst you’re contracted.
2

Deemed rates:

Tariffs for businesses that have just moved to a new premises and have inherited a supply without agreeing a contract. Switching to a bespoke deal is often beneficial for businesses under these circumstances.
3

Flexible:

A flexible contract allows you to buy your energy strategically, often split into months, quarters or seasons. These deals are typically for larger firms who want to minimise the risk of buying multiple-years’ worth of energy.
4

FAQs

Can I still get a good commercial energy deal if I have bad credit?

If are unsure about your credit position or what type of credit score your business has, the best tariffs might be more difficult to come by. Some mainstream energy supplies may offer inflated rates or turn you away altogether.

The good news is that it’s still possible to find a favourable deal for your commercial energy despite your adverse credit. There are providers who specialise in customers with credit issues, and the advisors we work with know who they are.

What is a commercial energy buyers club?

Joining together with other businesses in your sector could help your company access superior rates and deals.

The energy brokers we work with have clients across all industries and can pool your resources with theirs to form a buyers club.

With collective buying power on your side, the best rates on the market could be easier to secure.

What can I do if I think I've been mis-sold an energy policy?

If you think your business has been mis-sold an energy policy and is being overcharged for fuel as a result, the advisors we work with may be able to help.

They will thoroughly investigate the circumstances surrounding your existing deal and potentially negotiate your exit from the contract, before finding you a more suitable energy provider based on your firm’s needs and requirements.

FCA Disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms that are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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