Business energy comparison

Business energy FAQs

• 📄 What information do I need if I want to switch business energy?

  You will need to make sure you’re choosing the best deal for your business when switching your business energy supplier. To accurately compare quotes, you will need the following details which you’ll find on your energy bill:

  • Your supplier name
  • Your monthly payment amount
  • Current energy consumption and unit rate (kWh)
  • Your MPAN number, also known as supplier number

  With this information, you will be able to compare new quotes against your current rate. When you find the right deal for you, you can switch your business energy.

• 📦 What should I do if I’m moving business premises?

  If you’re moving business premises, there are a number of things you need to do:

  • Contact your energy provider and tell them when you’ll be leaving the premises
  • Provide a final meter reading and keep a copy for your records
  • Leave Direct Debits in place until your contract has been fully terminated.

  When you get to your new business premises it’s essential you set up a new energy contract as soon as possible to prevent you from being overcharged for your business energy:

  • Take meter readings as soon as you move in
  • Compare energy prices as soon as possible
  • Choose a new supplier and give them your meter readings and confirm the date you moved in

• ✅ Can charities and not-for-profit organisations get discounts on business energy?

  Charities and not-for-profit organisations may not receive energy discounts, but they can get reductions on VAT (from 20% to 5%) and be exempt from the Climate Change Levy, which could help reduce energy bills overall. Discounts are not automatically applied, so make sure you speak to one of our experts about getting these discounts applied to your energy bills.

  Read our helpful article Is Your Charity Making The Most of VAT Reduction on Its Energy Bills? for more information.

• 💻 How do I switch business utilities?

  Switching business utilities is very easy. Simply start by comparing utility prices, when you have found the right deal for your business, click ‘switch now’ to complete your switch online.

  At Love Energy Savings, we’ll handle negotiations between suppliers too, making the whole process as stress-free as possible.

• ⌚ How long will it take to switch?

  Once you’ve found your new, cheaper tariff, it takes between 4 and 6 weeks to complete the switch from one supplier to another. We will manage this process for you, so you don’t have to. The transfer is seamless; your energy will not be cut off as a result of switching. We’ll keep you up-to-date if there are any transfer issues. If you have any queries before or after the switch, please don’t hesitate to contact your personal Account Manager on: 01204 372 746.

• 🔌 Will my business be disrupted when I switch?

  There won’t be any disruptions to your supply, so it will be business as usual! We’ll liaise with your existing supplier and negotiate the entire process for you. We’ll let you know when your switch has been completed.

• 💷 How much could I save by switching my energy provider?

  How much you can save is dependent on how much energy you use. But, on average, businesses with an electricity bill of £2,400pa (consumption below 50,000kWh), can expect to save up to £943 when they switch.

• 📑 What is a deemed contract?

  A deemed contract will usually be in place for both gas and electricity if you move into new premises.

  You may also be moved to a deemed contract if your existing contract has come to end but you continue to consume energy.

  The cost of a deemed contract is on average 80% more than rates charged in a negotiated contract. If you are on a deemed contract, you could make significant savings by comparing business energy tariffs.