A Guide To Switching Energy Supplier

0

If you are a business owner, your energy supplier is perhaps quite far down the list of priorities on a regular basis. It has been found that only 12% of business customers choose to switch their energy supplier. This means that almost 90% of customers might not be getting the best deal for their utility.

Switching your existing supplier can make a huge impact in reducing the amount of money you spend on gas and electricity. Whatever line of work you are in, choosing the right deal is important when trying to save money.

Here are some of the things you should consider when choosing your energy supplier and comparing deals:

  • Speak to a few suppliers: It is quite possible that your present supplier might not be having the best deal for you. Thus, speaking to a few different suppliers and see what’s on offer would be helpful. You can use your current prices as a standard to see how good the other companies compare.
  • Read your meter: Knowing your consumption helps other suppliers to give you more accurate quotes. When you take regular meter readings and send them to your supplier, they can build up a picture of the amount of gas and electricity you use over a period of time. Your meter has its own unique registration number i.e. MPAN for electricity and MPRN for gas. These can be found on your actual meter and also on your bills. You should give these to your new supplier.
  • Know what you signed up to: Know about the terms of your current contract and also about your contract end date. This will provide you with the time period when you are able to tell your current supplier that you would like to switch.
  • Can your present supplier stop you from leaving? : No, unless you are in debt with the supplier or on a fixed term contract where you still have time on the term left. In case your contract has expired, you are free to switch whenever you like.
  • Should you use brokers? : Many businesses receive phone calls from brokers or third part intermediary that offer to compare current prices with what you are presently paying. This can be an easy way of getting a good view of what’s on offer. However, you must remember that they will be making money at some point along the deal whether that’s commission or a one off fee and they often don’t always represent all suppliers so you are limited to the information that they provide you.

There are certain things which you should check before you switch to a new supplier:

  • Whether you have a fixed-term contract that lets your supplier charge you a fee to leave (exit fee). You can check it on your energy bill.
  • What the customer service rating is like for the potential new supplier.
  • Whether your current supplier offers a cheaper tariff. It will possibly save you the effort of switching.

These tips will help you to ensure that you are getting the best possible deal for your business. For more information, you can call on Npower Contact Number and get in touch with its dedicated team.

Share.