What is the difference between dometic and business energy?
Domestic energy refers to a household energy supply, like the one you have at home. Business energy is a supply that powers a commercial enterprise, like a retail store, workshop or office. As household and business energy needs tend to be very different, there are different tariffs and terms for domestic and business energy contracts.
Why switch business energy suppliers?
It can be a daunting task, switching your business energy tariff. The thought of having to make several calls, getting quotes from competitors, and talking to your current supplier who is simply going to try to upsell you on a new plan. It can be a time-consuming and often difficult task for business owners to compare business energy. Our partner allows you to switch business energy online or over the phone, saving you time and money. We take the hassle out of switching by doing the work for you and comparing business energy. Our renewal reminder service will also ensure that you never roll over to an expensive business energy tariff again, you’ll keep saving year-after-year. It’s quick, simple and easy to find a cheaper tariff, so why not switch business energy today and see how much you could save?
How to choose the best business energy deal
When it comes to getting the best rates for business energy, there are a few factors you’ll need to consider. Firstly, you’ll want to compare the standing charge and the unit cost.
Standing charge – this is a set amount you pay, regardless of how much energy you use.
Unit cost – the amount you pay for each unit of energy you use, charged per unit. The unit cost will remain the same for as long as your business energy deal lasts but the total amount you pay will vary depending on many units of energy you use.
As well as comparing standing charges and unit costs, you’ll need to select what type of business energy tariff is right for your enterprise. There are five main types of business energy tariffs:
A fixed price for each unit of energy for the duration of your contract. Although the overall amount you pay for energy will change depending on usage, the amount you pay for each unit remains fixed.
The price for each unit of energy will vary depending on market activity. If rates drop, you’ll pay less for each unit of energy but, if they increase, you’ll pay more.
Sometimes known as an out-of-contract rate tariff, deemed rates apply when a deal or plan ends and you’ve switched back to standard rates. Most business owners who don’t regularly switch energy suppliers or change their plans pay deemed rates, which are typically the most expensive way to access business energy.
These contracts apply to businesses that haven’t switched providers since the energy market was deregulated in the 1990s.
If you forget to let your supplier know that you want to switch to a new deal or provider, they may roll your account over to another contract. Although most energy providers have stopped this practice, it does still happen, which is why it’s important to take a proactive approach to getting the best business energy prices.
Unlike domestic contracts, business energy isn’t available in dual fuel tariffs. This means you’ll need separate accounts for business gas and business electricity. The best provider for your business gas won’t necessarily be the cheapest for your business electricity, so do be sure to carry out separate business energy comparisons.
How much could we save if I switch business energy?
The amount you can save when you switch business energy suppliers will depend on various factors, including:
- The size of your business
- Your energy usage
- Your energy efficiency
- The current rates you’re paying
- The size of your commercial premises
As there are so many factors to take into account, it’s important to get a detailed comparison to determine exactly how much you could save by switching to a new plan.
Will my business energy supply be disrupted?
Switching business energy providers won’t cause any disruption to your business operations. As with domestic switches, you’ll need to take a meter reading and pay off your final bill with your existing supplier. However, Switch My Energy makes every effort to ensure the energy switching process is stress-free. Your new business energy provider will confirm the switchover date with your existing supplier, so you won’t need to take any further action.