Swoop will help you find the best gas or electricity deal for your business
As a business owner you’ll know how much more business energy is compared to domestic.
Whether you run a start up, a small to medium-sized business or a large multinational corporation, we can help you start saving money on your business energy bills by switching to a cheaper deal today.
We compare business tariffs from over 150 providers to ensure you’re getting the best deal. This is just a handful of the providers we work with
There are many reasons to switch business energy contracts.
First, to make savings. You can reduce your bills by choosing a tariff that best suits your business needs, for example:
• You might be better off with a fixed versus variable tariff, or vice versa
• You might want to reduce (or eliminate) the daily standing charges
• You might have moved premises
• You might have more than one site and therefore might benefit from multi-site options
• You might see better deals for new customers – in most cases, new customers can access the best prices – there’s little reward for loyalty in the energy market
Second, the softer stuff. For example, if your business is environmentally conscious, you might want to switch to a green energy deal that offers you more renewable and sustainable energy. Or you might want better customer services.
Do the maths. If you want to find the best energy deal for your business, the easiest way to compare business energy contracts is to use a site such as Swoop. Look at the summary information for the energy contracts in the table above. Click on the contract that most appeals – and our team of energy experts will do the switch for you.
Yes. Let’s break this down into three steps:
Step 1: understand your energy contact – and identify your renewal window
Before you can make the comparison you’ll need to get your hands on your current energy contract. It will have information such as your termination date (the date your current contract ends). Confirmation that you are in your ‘renewal window’ will be needed before you can switch.
Step 2: Compare business energy prices
Before you can compare business energy prices you’ll need to enter a few details about your business and your current energy contract.
Step 3: Complete your switch
Your broker will take care of the switching process on your behalf, liaising with your new and current suppliers to ensure the process runs smoothly.
Your energy bill or contract should clearly show when your current contract is up for renewal and when you’re allowed to switch suppliers (i.e. the notice period). Your renewal window is, put simply, a window of opportunity (i.e. time) when you can look for a better energy deal and arrange to switch.
If you are classed by Ofgem as a micro-business, you have to give your current supplier a maximum of 30 days’ notice before switching, i.e. your renewal window should be no longer than 30 days.
If you are not classed as a micro-business you can shop around for better gas and electricity prices – and line up your new energy supplier – up to 6 months before your contract ends. In other words, you have to give your current supplier 6 months’ notice before switching. When you find the right energy contract for your business, our team of energy experts will switch to your new supplier as soon as your current current contract ends.
It’s worth noting that energy suppliers are required by Ofgem to send renewal letters only to micro businesses, informing them of renewal dates and their right to switch. Whatever the size of your business, it’s best to keep a note of when your renewal window opens. If you can’t find this information on your renewal window, ask your energy supplier directly.
As defined by Ofgem, your company is a micro business if you:
• employ fewer than ten employees (or their full time equivalent) and has an annual turnover or balance sheet no greater than €2 million, or
• use no more than 100,000 kWh of electricity per year, or
• use no more than 293,000 kWh of gas per year
As a guide, those levels of electricity or gas would cost around £10,000-12,000 per fuel (excluding VAT) per year.
Your business will qualify as a micro-business for both gas and electricity if it meets the employee and turnover or balance sheet criteria. If your business qualifies for only one of the consumption criteria, it is only a micro-business for that fuel.
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