Don’t be frightened of switching your business energy this Halloween
It’s that time of year again where sugar fuelled ghosts and witches run the streets, pumpkins are carved and the days suddenly seem notably darker and colder.
You may have started to have the internal office battles over heating and noticed your bills start to rise, but this shouldn’t scare you. In fact, there are very few reasons to be afraid of your energy bills this Halloween, especially with Love Energy Savings here to help!
A grave situation
According to a study we conducted recently, we discovered the scary statistic that UK SMEs have lost £2.4billion over the last 5 years by failing to switch energy supplier. The perception is that switching is a long and laborious process, plagued with ghoulish tricks and very few treats, but this is not the case at all!
Switching your business electricity and gas doesn’t have to spook you, it can be an enlightening experience which may save you a magical amount of money on your bills.
Don’t let Vampire-ish rollover tariffs suck away your savings
Many business owners have fallen into the trap of acting like zombies when it comes to their business energy contracts, walking mindlessly into rollover tariffs which can be an average of 40% higher than the deal they were offered when they first agreed their contract.
A report published by the Competitions and Markets Authority back in June 2016, found that 70% of domestic customers who were currently with the Big Six Energy Suppliers were on a default tariff which was costing them about £330 more a year than if they had switched.
Given that businesses typically use more energy and are also, arguably, more apathetic towards switching supplier, it is frightening to think just how many businesses are digging their own financial graves by not seeking a cheaper tariff.
We have found that, on average, SMEs could be saving around £1,500 if they used us to get a better deal – that’s a lot of toffee apples!
Don’t be haunted by fears of using a third party
There are a lot of horror stories out there about using a Third Party Intermediary (TPI) to switch your tariff or supplier, but this should not deter you from using a reputable TPI who can genuinely make the process a lot less fraught with danger.
So how can you differentiate the saints from the sinners?
Firstly, make sure they comply with the TPI Code of Practice, designed to set a benchmark for responsible and high-quality service for any third parties working on behalf of SMEs when it comes to negotiating prices with energy suppliers. By complying with the code, you can be assured of fair prices, transparency and privacy when working with that TPI.
Secondly, check the TPI out online. There are many review sites out there now who de-mystify the market and provide honest insight. Independent review platforms, such as Trustpilot, allow real customers to provide feedback on their experience and give a star rating so you can see at a glance how reputable they are.
We’re incredibly proud of the fact that we boast a 5-star rating on Trustpilot, you can read some of our customer reviews here.
Breathe life back into your energy deal
So, how can you bring your energy bills back to life and start making savings?
1. Don’t wait for a full moon to transform your fortunes. With Love Energy Savings, we make no bones about how easy it is to switch. Whatever your size, shape or sector, we can help you to save money on your business energy bills.
2. All you need to do is grab a bill and enter your postcode on our website to get started. You don’t have to sign your life away. All we need is a few details and we can offer you a free comparison, showing you available prices straight away!
3. Alternatively, you can call one of our energy experts, who will guide you through the process from comparing over 150 tariffs from 18 different suppliers and consult on the best deal for your business.
So, what are you waiting for? Compare, switch and save today!