British Gas Lite is a new online-only service supplying gas and electricity to SMEs and micro businesses.
A guide to British Gas Lite energy
British Gas Lite aims to focus on keeping costs down for its customers by reducing overheads with its new online-only offering. By using smart meters and a web chat team to service its customers, British Gas Lite keeps its operating costs low so it can pass on the savings to its customers.
If you don’t currently have a smart meter, you can have one installed free of charge at your business premises so you can take advantage of the British Gas Lite tariffs. British Gas Lite is the first 100% digital B2B energy offering in the market, making it a unique service for business customers.
British Gas Lite only offer business tariffs to SMEs and micro businesses.
British Gas Lite offers a Fixed Price Energy Plan that will fall onto a Variable Price Plan at the end of the contract should you not renew. All renewal quotes will be supplied around 60 days before your current tariff expires.
Your energy is paid for by Direct Debit, which is calculated using smart meter data. Businesses who would be eligible for a British Gas Lite tariff would be operating from a single site with just one smart meter.
Since British Gas Lite is using smart meter data, bills aren’t estimated – meaning you only pay for what you use.
How to compare British Gas Lite energy tariffs
If you’re interested in switching to a British Gas Lite tariff, Love Energy Savings can help you find the best deals available.
You can compare British Gas Lite energy prices against a large selection of business energy suppliers to ensure you can switch to the right tariff for your business.
To compare the latest British Gas Lite energy deals, all you need to do is enter your business address and contact details into our innovative energy comparison engine.
You will then receive a list of tariff options allowing you to compare the latest gas and electricity prices in just 60 seconds.
To help find the right gas and electricity provider for your business, you can even compare supplier review ratings on our energy suppler table.
How to switch to a British Gas Lite business tariff
If you’ve found a British Gas Lite business tariff that you are happy to switch to, you can complete the entire process with Love Energy Savings.
By switching business energy with Love Energy Savings, you will be provided with a dedicated account manager. They will get you set up with British Gas Lite and can even inform your old supplier that will be switching to a new contract.
Your new contact can be arranged to begin as soon as your contract ends with your old supplier. During your switch, there will be no interruption to your supply as all suppliers use the same supply network.
If you are switching to a British Gas Lite tariff and you don’t currently have a smart meter, you will be required to have on installed. This will be installed free of charge by one of British Gas Lite’s trusted partners.
British Gas Lite is owned by Centrica plc, who were formed in 1997 as following the demerger of British Gas plc.
Originally nationalised, British Gas was then privatised in 1986 and floated on the stock market as a British Gas plc. In 1997 it was then divided in 1997 into Centrica plc, BG plc and Transco plc, with Centrica taking over the running of gas sales and trading.
Centrica trades as British Gas in England and Wales, and as Scottish Gas in Scotland. It also owns Bord Gáis Energy in Ireland.
As an online-only business British Gas Lite does not have a bricks and mortar headquarters Centrica, it’s parents company, has its headquarters in Windsor, UK:
The British Gas Lite customer services team can be contacted via its UK-based webchat team Monday 8:30am - 5 pm and Tuesday to Friday 9 am-5 pm.
Alternatively, a Love Energy Savings representative can handle all communications if you choose to switch to or from British Gas Lite through our comparison engine.
The supply sources for British Gas Lite is the same as the wider British Gas brand. A high proportion of renewables, with a lower percentage usage of fossil fuels than the UK average.
Compare these statistics to the typical fuel mix from UK suppliers in our wholesale energy guide.
The latest financial figures for Centrica are from End of Year 2019. They are as follows:
|Metric||Total||Year on Year Change|
|Adjusted operating profit||£901m||-35%|
|Adjusted basic earnings per share (EPS)||£7.2p||-35%|
|Adjusted operating cash flow||£1,830m||-18%|
|Group net debt||£3,181m||+20%|
According to the British Gas Lite website terms and conditions. You can cancel your contract at any time but must immediately pay all arrears owed.
It’s important to check your online account before you cancel to make sure you can pay off any debts to British Gas Lite. You can get up-to-date information on your account balance by logging in to your online account.
At Love Energy Savings, we work with the following energy suppliers:
The cheapest energy provider for businesses will depend on a number of factors, such as:
The easiest way to find the cheapest energy provider is to compare energy prices.
Choosing the best energy supplier for your business is very important. You want to know that the provider you choose will value you as a customer, that you’ll receive excellent customer service and that the company acts with total transparency.
Which? consumer magazine published a survey that compared key suppliers on a number of factors including:
Take a look at the ‘Best and worst energy companies for 2019’ survey for more information.
Switching your business energy has never been easier. Once you’ve found a supplier and quote which suits your business’ needs simply hit ‘Buy Now’ or wait for one of our agents to contact you. Once you’re happy to proceed, we’ll handle the entire switch for you. We’ll need a few additional bits of information along the way, but this will all be explained in your welcome pack