Business Energy – The Basics

In this weeks article, we cover the basics that every business should know about their energy.

The first point we wanted to start with is cooling off periods and price caps.

Many business owners are mis-led into believing the business energy market is the same as the residential energy market. Unfortunately, many find out the hard way that this is not the case at all.

The residential market allows customers to have a 14-day cooling off period, where the business market does not provide such luxuries. This is why we stress to all businesses in the UK to be 100% sure the deal they going to accept is the best one they can find. Which is one of the reasons we like to put multiple offers in front of our customers.

We would also like to briefly note, the energy price cap put in place for the energy market is exclusively for the residential market. This means if you have a business, the prices can vary subject to the market.

Another thing to note if you manage the utilities for a business is that you must always ensure that you are on the correct contract type. For example, if you have a standard energy meter, you more than likely do not have the requirements necessary to warrant any type of pass-through contract. So please ensure that you have the correct meter matched with the correct tariff.

This is not an extensive list of things to keep in mind when handling business energy, but you can find out more by waiting for Vol 2 or contacting one of our representatives.