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How much could I save If I switch business energy provider?

Nov 5, 2024

Switch business energy provider

As a business, you are likely to be looking for ways to cut your outgoings as much as possible. Businesses often use more energy than households and therefore are subjected to different tariffs by energy suppliers. Because of this, many energy suppliers take advantage of business customers and charge them higher rates than necessary. This means that as a business, you could be paying a lot more than you need to and the amount you are paying may not be reflective of your usage at all. There are several reasons why you may be paying more than you should be. Lets investigate, how to compare business energy and how much you could save if you switch business energy provider.

Switching Business Energy - Factors in Saving Money

It's always a good idea to regularly compare business energy providers and switch energy suppliers. You may be on a tariff with an energy supplier that you don't need to be on. For example, if you've downscaled since taking out your energy contract, then you may be using much less energy than you used to. Energy suppliers don't necessarily take these factors into account when calculating your energy bill, especially if your usage isn't metered. You may not have downscaled but instead, you could be using new machinery that is more energy-efficient or taking active steps to reduce your emissions and energy usage.

As all businesses are different, it's difficult to say exactly how much you'll save by switching energy provider, but most businesses can save a substantial amount each year by switching energy suppliers.

The Impact of Deemed Contracts on Energy Bills

If you've moved your business premises, you may have been placed on what is known as a "deemed contract". This is a basic energy tariff that doesn't take your usage and other factors into account and is a simple way for an energy provider to continue to provide energy to the premises. If you haven't looked into your contract since you moved, then you may have been overpaying for quite some time. These deemed contracts simply charge a set amount to business customers which may not reflect how much energy they're using.

Is Switching Provider a Complex Process?

Switching your business energy supplier is very similar to switching your household energy supplier. This means that the transition can go smoothly if your case is fairly simple or may take a little longer for businesses with more complex energy needs. Your energy supply won't be cut off during the transition, so you can carry on business operations as normal. The switch will be arranged between energy suppliers and won't impact your energy supply.

When Should You Switch Your Energy Provider?

If your business has been under contract, you may be responsible for paying exit fees during the switch, but you'll still save money by switching in the long run. If your contract has ended, you may have been automatically placed on a tariff that is more expensive than you need to be paying. These are known as "out of contract rates." Often, energy companies offer fixed-rate contracts for a certain number of years, so if your contract is up with your existing supplier, then you may benefit substantially by switching business electricity suppliers.

How Much Could You Save by Switching Business Energy Providers?

Some businesses can save up to 45% per year by switching their energy supplier, so it's always worth comparing business energy providers and using a partner to find you the best deal. Your savings will be based on many different factors, so you should include as much information as possible when looking to switch your energy provider.

How Can We Help?

At Amvia, we can help businesses smoothly transition to a new energy provider without having to jump through hoops. Because of our experience in the industry, we can find the best tariffs for business. We'll support you through the process of switching energy suppliers, which can feel like a mammoth task without the help of an experienced partner. Often, you'll get a better deal when working with an experienced partner that is used to negotiating the best prices with energy providers for your business.

Expert Help for Switching Business Energy

Amvia takes the stress out of switching energy providers and takes care of the complicated admin and searching for the best deals and providers for you. If you've ever tried to compare energy providers online, then you'll realize that it can be difficult to research the best energy deals and come to a conclusion over which is best for you as a business. When you use us to compare business energy prices for you, you'll just need to provide us with some basic information about your business and your usage, and we'll do the hard work for you. If you're not sure which tariff you're on, we can look into this for you and help you save money on any future energy bills.

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