Switching business utility providers is a significant decision that requires careful thought. Business owners should approach this process with caution to avoid unexpected pitfalls. In this blog, we highlight five key factors to consider before making business utility switch, ensuring you secure the best deal for your business.
Compare Prices Across Business Utility Providers
Start by comparing a variety of business utility providers. Those energy brokers who are specialising in gas and electricity for businesses are often best equipped to meet your needs. By exploring different options, you’ll gain insights into market rates and discover variations in utility services.
Some utility providers may offer lower prices, while others might have superior customer satisfaction ratings. Knowing what you want is crucial for finding the right match for your business.
Price comparison websites are often some of the most effective ways to compare, remember that smaller providers might not be listed. Conducting your own research is the best.
Check for Exit Fees with Your Current Utility Provider
Before leaving your current provider, be sure to read the contract for any exit fees. Many businesses face obstacles when trying to switch due to contractual obligations.
Contact your current provider to find out about any potential fees and the optimal time to make the change. Typically, it’s best to start looking a few weeks before your contract expires, informing your utility provider of your intent not to renew to avoid unexpected charges.
Evaluate Contract Length
When you find a promising contract, pay close attention to its length. Utility providers often downplay this information to attract new customers. Standard contracts usually range from 12 to 24 months, but anything longer should be approached with caution and examined closely.
Read Customer Reviews
Customer reviews are an invaluable resource that can greatly influence your decision. Understanding the experiences of others — especially businesses in your industry — can give you insight into what to expect from your potential new provider.
Websites like Trustpilot can provide a clearer picture of customer satisfaction, which is essential since service quality plays a vital role in your utility experience.
Look Beyond Your Business Utility Quote
While a competitive quote may seem appealing, ensure you understand the terms attached to it. It’s essential to clarify what your quote covers and any other conditions that apply. Although reading the fine print can be tedious, it’s a vital step to safeguard your interests in the long run.
At Business Utility Hub, our dedicated Account Managers use trusted UK utility providers to compare business utility prices and find the best utility quote tailored to your needs. We guarantee prompt responses — every call will be answered within five rings or less. Get a quote today and start saving!
