British Gas Lite is a new online-only service supplying electricity to SMEs or micro businesses. A micro business is defined by Ofgem as:
The company’s focus on keeping costs down for its customers by reducing overheads with its new online-only offering. By using smart meters and a webchat team to service its customers, British Gas Lite keeps its operating costs low so it can pass on the savings onto its customers.
Since British Gas Lite using smart meter data, bills aren’t estimated: you only pay for what you use. If you don’t currently have a smart meter, you can have one installed free of charge on your 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 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.
British Gas Lite is an energy supplier for SMEs. Your energy is paid for by variable 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.
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.
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 2018. They are as follows:
|Metric||Total||Year on Year Change|
|Adjusted operating profit||£1,392m||+12%|
|Adjusted basic earnings per share (EPS)||£11.2p||-10%|
|Adjusted operating cash flow||£2,245m||+9%|
|Group net debt||£2,656m||+2%|
You can see a full breakdown of Centrica plc’s 2018 financials here.
More recently, British Gas has announced that it has increased annual cost savings by £50 million and will reduce investment spending by £100m.
British Gas Lite is a new supplier so is yet to receive any awards.
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.
British Gas claims to get 43% of their electricity from renewable sources, while only 29% of electricity from other suppliers is green energy.
Centrica is also investing in ‘green’ gas, especially in the production of biomethane (produced from biomass fuels).
Love Energy Savings can handle a switch to British Gas Lite for you. We’ll get everything sorted for you by liaising with your current provider and the British Gas Lite team.
Enter your details here to generate a quote for your business and then simply decide if it’s the right supplier for you.
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