3 costly myths about switching your business energy supplier
Most businesses understand that to get the best deal, some things need to change. That’s especially true of energy: switching your supplier is often the best way to ensure you’re paying the best rates available.
So why do so few SMEs switch?
We’ve found that there are three common myths that stop businesses from switching their energy provider, which is almost certainly costing them money.
And we’re out to debunk them.
Myth 1: “I don’t have enough time to switch my business energy provider”
Time is money, and like money, it is a precious commodity. Small business owners are especially strapped for time; they must manage their teams, keep up with clients, and prepare for board meetings.
Surely, there’s no time left to waste on researching dozens of energy providers, right?
Wrong. Energy comparison websites like Love Energy Savings specialise in finding quotes from a wide range of suppliers in just minutes, meaning all you need to do is choose the one that’s right for your business.
Getting a quote from Love Energy Savings takes less than 3 minutes and all you’ll need to get started is your postcode.
Few business decisions take so little time while providing such a large financial benefit.
Myth 2: “Cheaper rates mean that I’ll get hit with hidden charges later”
As consumers, we’re savvier than we’ve ever been, thanks to the abundance of review websites at our disposal. That means we’ve all heard stories about customers going for deals that seem too good to be true, only to be stung with hidden charges.
But this natural skepticism can sometimes stop us from getting the best deal for ourselves.
Sticking with the same provider can feel safer than switching, but that’s not necessarily the case. If you do nothing before your contract ends, you’ll most likely be put on a rolling contract at a higher rate, at which point you’re tied in for another 12 months unless you’re willing to pay a hefty exit fee.
Switching your contract before it renews is the best way to stay ahead as the market changes. If you’re a year or two into your current contract, you’ll almost certainly find a cheaper rate – and with no hidden charges.
It’s still a good idea to check the small print before you sign a new energy contract, but you’ll be pleasantly surprised at how transparent most energy suppliers are.
Myth 3: “Switching isn’t worth the hassle”
Most people that subscribe to this myth often don’t realise just how much businesses can save if they switch their energy supplier.
SMEs that switch through Love Energy Savings can save an average over 40% on their energy bills. To date, we’ve helped over 52,000 UK companies save a total of over £68 million.
At that rate, you can’t afford to avoid switching your business energy.
How to switch
Switching with Love Energy Savings is easy.
We’ll ask for a little bit of information about your business, like where you’re based and the name of your current supplier. Don’t worry – we’ll keep this to a minimum.
Our team of experts will help you find the best deal for your business and when you’ve found a tariff that you’re happy with, your dedicated account manager will do all the hard work for you. This includes liaising with suppliers on your behalf and taking care of all the admin that goes with it. They’ll also keep in touch when your renewal date rolls back around to ensure you never pay over the odds for energy ever again. It really couldn’t be easier.
Enter your business’s postcode on our commercial energy page to get started.