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A Brief Guide To Comparing & Switching Business Energy Providers

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Amna Khan
A Brief Guide To Comparing & Switching Business Energy Providers

For any business, its priority is getting onto an energy deal that will lower its monthly bills to as cheap as possible. This is true no matter what the size of the business is. However, because there are so many different suppliers out there offering different rates, tariffs, and deals, the process of finding the cheapest energy provider to go with is not always a straightforward thing to do.

Some of the biggest and most popular Business energy providers in the United Kingdom include Scottish Power, EDF Energy, Opus Energy, Gazprom, British Gas Business, Scottish and Southern Energy (SSE), E ON, Corona Energy, N power for business, and Haven Power.

The Process

When it comes to switching business energy providers, it can be a daunting process. Despite this, if enough research is done, a business can actually end up saving a great deal of money so it is definitely worth putting some time and energy into doing so.

Where a business is only on a standard tariff after rolling off of a contract with its energy provider, then it will likely be paying more than what it has to. In these instances, changing onto a new deal or to a new energy provider is an absolute must do.

The best way of finding out the deals and tariff of other business energy providers is by contacting them directly and asking for a quote. From there, a business is able to look at all of their options and choose the tariff that best suits it. Then it is simply a case of applying for the contract and completing all of the required paperwork, then informing the previous energy provider of the switch.

However, there is the possibility that this request to switch over to another provider is rejected. This typically is only the case where a business owes outstanding debt to the former provider. Where this is the case, a business should pay off the debt as soon as is possible.

The Switch

The amount of time that it takes to switch business energy providers varies, although it typically takes anywhere between 4 and 6 weeks. Where a business is still in contract with another provider, the switching process can take that bit longer. This is also true in those instances where the new business energy provider does not have all of the details from the business that they require.

 

For any business that is not sure who its energy provider is, then this information can be found on a bill. If a business is new to a particular premise, then it could make contact with the previous tenant in order to ascertain this information.

 

When leaving a business energy provider part the way through a contract, then there is likely to be an exit fee to pay in order to be able to make the switch. If this is the case, then make sure the switch is worth doing from the savings that are going to be made in the future.

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