Using Business Price Comparison Service In Switching
The primary reason why most energy consumers are moving to a new energy provider is the surging electricity bills. Although the electric and gas market moves every minute, there will be times when the energy provider’s price is too much. This makes every monthly experience traumatic because of the energy billing that comes right at the doorstep.
While there are nothing businesses can do about the movement of the energy market, there are still ways to reduce the horror of receiving huge electric bills. One of which is to find a new electric and gas provider that would offer cheaper tariffs for your business needs. However, there are few things to consider first before switching.
1. Identify What Type Of Business Customer You Are
There are different types of businesses present in the industry, from small retailers to medium enterprises and large multinationals. These users consume energy supply differently, thus, needing a specific type of tariff that would suit their business needs. However, the size of the business is just one factor. Other factors include the activities conducted in the facility, the number of employees, and the working hours.
2. Take Advantage Of Ofgem Accredited Comparison Sites
The business price comparison service allows the energy users to look for a new supplier that would provide cheaper deals. The website gathers all the necessary details such as the updated tariffs from various energy suppliers, their bundles and discounts.
3. Identify Which Tariff Is Needed
There are two types of tariffs commonly present in energy price deals, the variable, and fixed price. The fixed priced tariff requires the customer to pay the same price for a particular number of years while the variable rate’s price can go up or down depending on the market’s movement.
4. Find Out More About The Company
Some energy company may offer the best tariffs and bundles, however, it’s recommended to learn more about the company. You can go online and check for feedback, may it be positive or negative. You may also call their office or visit them personally to clarify all your energy-related concerns.
Pros and Cons Of Switching
Once the decision to switch is made, it is also important to consider some of its pros and cons. Aside from finding a cheaper tariff, most energy suppliers attract new customers by offering introductory specials. That means very low rates and great savings. In addition, having a new supplier may help you land on an energy company with a great customer service. It is beneficial if you are suffering from poor customer service with your current energy supplier. Moreover, the new company may provide a great bundle, such as the gas and electric rate for the price of one. Choosing a new, reliable energy supplier can help your business save more from low energy bills and have extra money which you can use for other purposes.
But then again, there are disadvantages of moving to a new energy supplier. Some energy companies’ agreements may include automatic renewals. This usually happens when the introductory period is due and increased prices are significant. Another drawback is when you’ve applied for dual fuel discounts. At some point, it is disadvantageous if you’re only using more gas or electricity since the base rate is higher than choosing two different companies. Furthermore, a gas and electric provider ay not readily share information about their discounts. For this reason, you have to clarify and ask for yourself to know if they provide discounts and other best savings programs.
Choosing a new supplier is a relief if you find the right one, however, if you fail to do a research first about its products and services, you may end up with another problem. Therefore, take a time to compare each and get the necessary information first before signing up with a new contract.