Most people have an idea that switching electricity suppliers is a difficult process. This resource takes care of all the paper work and hassles for you.
Do you think you end up paying too much for the business electricity you consume at your business unit? Then it’s high time that you think about switching electricity suppliers. The only way to judge which is the best deal that you can avail is by doing a comparative study of the contracts put up by the different business energy suppliers.
Online companies like Simply Switch can help you in this regard. But before you make the practical comparison, you need to have a better idea as to how the domestic energy differs from the business energy.Opting in for the Best Gas and Electricity Supplier For Your Business Click To Tweet
The key difference
When you practically compare business energy with domestic energy here are the points you should take into account:
- The contracts work differently – Usually, the domestic energy users are offered a rolling contract that has no definite end date. This helps them in switching to cheaper service providers. In some cases, fixed-term contracts also exist that can be canceled against a nominal cancellation fee. In case of business energy, they usually have a contract with a lock-in period of 1 to 3 years with no option of early termination.so, they have to pay the same amount they have agreed upon even if there are better deals in the market.
- The VAT rates – Businesses and households pay different rates when it comes to the VAT. In the case of business units, the current rate is 20% while for households it is 5%. Businesses may also have to pay the Climate Change Levy (CCL) on electricity and gas that keeps fluctuating every year.
- Meters work differently – Unlike the household, business electricity contracts usually are linked to a unique meter profile that matches with the first two digits of the reference number of their meter. The prices vary depending on the profile of the place you have installed it.
- Business energy rates tend to change frequently – Unlike the domestic rates that remain stable for at least six months or so the business energy rates fluctuate depending on the wholesale price of electricity or gas. If you keep monitoring the market, then probably you could go for a lower price while signing the contract for your business energy.
Why use Switch
Merely switch is a free and impartial website that can help you compare business energy rates offered by various suppliers offering you an unbiased opinion. Approved by Ofgem, a non-ministerial office of Gas and Electricity Markets that you can easily trust. Giving you an idea of the best gas and electricity plans in the market. If changing energy suppliers, you may use Switch to determine the best supplier for your needs. Most people have an idea that switching gas and electricity supplier is a difficult process, but practically it is not. This professional company takes care of all the paper works and ensures you don’t have to face any hassles. By opting their service, you can save up to $500 a year on your gas and electricity bills.