Business Energy

Abdullah Shoaib Managing Director 4 min read Last Updated December 05, 2024 Abdullah Shoaib Managing Director 4 min read Last Updated December 05, 2024 What is renewable energy? If you’ve been paying attention to energy topics in the news in recent years, you’ve probably heard the term ‘renewable energy’ bandied about a fair bit. Unfortunately, though, if you don’t already understand the subject, it can be hard to fully grasp the implications of what you’re reading or hearing about renewable energy projects – so we’re here to help you take the first step towards learning more about where our energy comes from. Find The Best Deals Content What is renewable energy? What is a renewable energy source? How does renewable energy work? What is a renewable energy source? To understand what a renewable energy source is, you first have to understand what the term ‘renewable’ means in this context. If energy can be neither created nor destroyed, then surely all energy is renewable, right? Wrong. The majority of energy sources could, by a technicality, be considered renewable because they do, in time, renew themselves. The distinction, however, lies in how quickly the source is replenished. In order to be considered truly renewable, an energy source must renew itself at faster rates than it is used up.  Because of this, coal is classed as a non-renewable resource because, although it does eventually renew itself, it takes millions of years to do so. In contrast, sunlight is a naturally occurring resource that replenishes itself every day as the planet moves around the sun, which makes solar power a renewable resource. In some cases, there may be a degree of nuance involved in deciding whether something is or isn’t a renewable energy resource. For example, wood is usually considered to be renewable as it is a form of biomass (organic matter that can be burned to create energy). However, cutting down trees has a big impact on the environment, and the burning of biomass results in the release of carbon dioxide, a greenhouse gas. So, in order to be environmentally responsible and renewable, it’s important that any trees cut down for fuel are replaced by planting new ones to reabsorb the released carbon dioxide. How does renewable energy work? From the point of view of the 

Can I cancel my energy switch? Switching your energy supplier or tariff can be a great way to cut down on your energy bills and save money, whether you’re the owner of a business or you want to spend less at home. Unfortunately, though, it’s not always the best course of action which is why it’s so important to make a considered choice when deciding whether to switch energy supplier.  If you’ve ended up with a deal that isn’t what you thought it would be, you might be wondering whether it’s possible to cancel the switch before you’re in too deep. Keep reading to find out your options. The rules regarding cancelling an energy supplier switch are different depending on whether you’re a domestic energy customer or you’re looking for a business energy supplier. In both cases, however, you will still be able to switch your energy supplier at all times – it’s just that you may need to pay a termination fee to do so if you’re at a stage in your contract where you’re not allowed to switch freely.  Is it possible to cancel an energy supplier switch? Your energy supplier will be able to let you know if you need to pay a fee to switch suppliers or tariffs. It’s worth noting that if you’re switching because of poor service, you were misled about the terms of your contract or another complaint, a termination fee might be waived. However, this isn’t always the case. How to cancel your energy switch The actual process for cancelling an energy switch is very similar whether you’re a business energy or domestic energy customer, though there are some key differences. There may also be some slight variation in the exact procedure depending on your supplier. Here’s what you’ll likely need to do. Cancelling a domestic energy switch Energy suppliers are generally aware that customers can sometimes change their minds about their choice of domestic energy supplier, so there are processes in place to cancel a switch if needed. If you’ve decided you want to cancel your switch or switch to another provider, you should let them know as soon as possible. Important! When we talk about getting in touch with your supplier to cancel a switch, it’s your new supplier you should speak to, not your old one. It can be confusing to talk about suppliers interms of old and new if there are multiple switches involved. For the purposes of this guide, your new supplier is the supplier you originally switched to, but now want to switch from or change your tariff with. If the switch to your new supplier hasn’t gone through yet, then the supplier will block it from going ahead and you’ll remain with your old supplier. It’s then up to you if you want to stay with them or switch to an alternative supplier.  If the switch has gone through, you’ll usually have a 14-day cooling off period during which you can switch again – either back to your old supplier or to someone else – without having to pay any fees. Once you’ve signalled you want to switch, your new supplier will be in touch to let you know your options – and from that point onwards you have 15 days to agree to a new contract with any supplier of your choosing. If you choose your old supplier, you’ll typically have to agree to ‘equivalent terms’, which means you’ll be agreeing to terms and conditions very similar to those you had in your original contract. If you don’t make a decision before the end of those 15 days, you’ll be moved onto what’s called a ‘deemed’ contract with your new supplier. This is a standard variable tariff and will almost always be more expensive than a fixed tariff, so it’s in your best interests to get things sorted before that deadline. While you’re weighing up your options before agreeing to a new contract, your new supplier is obliged to continue to supply you with energy, so you won’t be cut off – but you will have to pay your contract rates for everything you use.  Want to switch energy suppliers after your cooling off period has finished? This is a little more complicated, and you may have to pay a fee to leave your contract early. Get in touch with your new supplier to find out your options. Cancelling a business energy switch The process for cancelling a business energy switch is similar, but it’s worth noting that the majority of business gas and electricity contracts don’t include a cooling off period, meaning you may be more likely to need to pay a fee if you want to change suppliers after your switch has gone through.  If you’re at all unsure about what the protocol is for switching business energy suppliers, you should get in touch with your current supplier to find out everything you need to know.

Should I switch energy suppliers? Switching your energy supplier has the potential to be a positive change for you – but that’s not always the case. Whether you’re looking to switch your tariff for domestic or commercial usage, it’s a big decision that deserves a good amount of forethought in order to get the best results for you.  Below, we discuss the benefits and drawbacks of switching your energy supplier. Should I change energy suppliers? In part, the decision of whether or not to change your energy supplier should depend on the experience you’re currently having. You might already have the best possible deal for your needs – but it’s always a good idea to keep an eye on the tariffs available so that you can decide whether to switch if a better option appears. Reasons for There are many ways in which switching your energy supplier can be a good thing.  Switching your energy supplier can allow you to access a better rate than what you’re currently paying. For example, if you are currently on a variable tariff, you may find a fixed rate tariff available that saves you money.  You should always research energy deals carefully, as some deals may appear cheaper but actually be more expensive in practice. For example, a fixed price tariff may be the cheapest option available now, but if the base rate cost of energy goes down, variable rates could cost you less in the long term. Conversely, if the base rates increase, your energy bill might go up considerably on a variable tariff, but stay where they are on a fixed tariff. For this reason, the decision to switch energy suppliers shouldn’t be taken lightly.  If you’ve had a less-than-pleasing customer experience with your current supplier, then switching to a different one could help you to get the experience you deserve. There are also other perks that could be unique to a given company – or that company simply does them best. This might include special offers, customer loyalty rewards or support packages to make the transition as smooth as possible. Some suppliers can even be more environmentally responsible than others. Lots of people assume that switching energy suppliers is a hassle that they’d rather avoid, even if it means paying more than they need to for their gas and electricity. In reality, switching energy suppliers is simple, and doesn’t take long.  First, you compare energy prices to find the best tariff for you. Then you process the change, informing your existing supplier and the new one that you’d like to switch. Finally, the switch goes through – in most cases with no interruptions to your supply – and you begin paying your new rate. Usually, it takes around three weeks from start to finish to switch energy suppliers, so you could be reaping the benefits sooner than you think. Reasons against If all we’ve said above is true, why should you even think about not switching? Well, there are some circumstances in which it’s best to stay where you are. This includes situations where… Depending on how long it’s been since you started your current energy tariff, you might find that there simply isn’t a better option available on the market. Don’t just consider price – remember that other factors such as customer service, support facilities and the types of energy available can all affect whether a tariff is the best choice for your needs. For example, if you’re environmentally conscious, you might prefer to pay slightly more in order to support an energy supplier that shares your values.  Usually, when you switch energy suppliers, you’ll keep the same hardware – pipes, mains connections and meters. However, there are some situations where your current meter might not be compatible with a different supplier, meaning there may be additional complications associated with switching to new hardware.  In many cases, switching can help you to change your energy bills for the better, but it’s always important to check and double check the changes you’re making to ensure they really are as good as they seem. It’s the best way to save time and money in the long run.

How to calculate energy usage? Many people find that energy costs are one of their biggest bills, whether that’s for domestic energy needs or a commercial venture. Knowing how much energy you’re using is the first step towards making a change to achieve lower bills in the future- but how can you find out how much energy you use? How to measure energy usage The simplest and most accurate way to see how much energy you’re consuming is to use an energy monitor or smart meter. These devices monitor how much gas and electricity is being used in real time, allowing you to see your energy usage on a simple display screen. Some will let you know how much your bills could amount to based on current levels of usage and even allow you to look at past data (e.g. the last month or the last week) to see how your usage changes over time. If you don’t have an energy monitor or smart meter device, don’t worry. You can still track your energy usage, but you may have to do so manually. When your energy bills come through, the details should include information about the price you pay per unit of energy and the total cost, allowing you to calculate how much energy you’ve used. All you need to do is divide the total cost of your electricity usage by the price per unit and that will tell you how many units of electricity you’ve used over the period that bill covers. Do the same with your gas bill to get a fuller picture. Why calculate energy usage? When you calculate your energy usage in terms of the number of units used instead of how much it costs, you give yourself a fair measure to work with. Over time, energy costs can fluctuate, meaning that the price per unit changes. Comparing your total energy costs one year with those of the following year may not be a fair comparison to evaluate your usage- because £1 might not buy the same amount of energy from one year to the next. That’s where measuring your actual usage comes in. One unit of energy is the same no matter how much time passes, so measuring these units allows you to compare your energy consumption fairly to understand whether you’ve used more or less energy than you did previously. Why would you want to know that? Well, lowering your energy usage is often an excellent way to reduce your energy bills and save money. If you have an idea of how much energy you’re using, you can begin to understand which of your energy habits are costing you the most and cut down accordingly to reduce costs. Measuring your energy usage month after month can then help you to see whether you’re staying on track. Another reason some people measure their energy usage is so they can conserve environmental resources. By using less energy, you place less of a burden on the environment and therefore help to preserve the planet and the environment for future generations. Finally, calculating your total energy usage can be an important first step in making decisions about your energy supplier. Whether you’re a business owner in need of gas and electricity, or you’re searching for the best energy deal for your home, you likely have a budget of how muchmoney you can afford to set aside for energy costs. Knowing how much energy you’re currently using can give you insight into the maximum price per unit you can afford to pay, helping to narrow down the most appropriate suppliers for you. This means you can budget for the amount of energy you currently use while, if you choose to do so, making efforts in the meantime to reduce your overall usage.

How To Switch Business Energy Supplier? Want to reduce your business’s energy costs? With Energy Solutions (ES) Ltd., you can easily compare gas and electricity rates from the UK’s top suppliers. Just be sure to understand the switching process first. What is the best time to switch energy providers? Business energy contracts differ from domestic ones. You can switch your business energy tariff in these situations: Switching rules for microbusinesses? No, microbusinesses in the UK have distinct rules for switching gas and electricity suppliers. They can secure a new energy deal with over 30 days left on an existing contract. Rollover contracts are limited to 12 months and can be ended anytime without notice or fees. Your supplier will inform you 60 days before your contract expires, detailing your annual usage and comparing current and new offers. Is your business a microbusiness? Microbusinesses in the UK are defined by the following criteria:

Why you need an experienced Broker for switching Suppliers? Before agreeing on a contract, contact the supplier you already must see what they can offer compared to other providers. You can use a comparison website or phone different energy suppliers to see what other providers are offering. You can also use energy brokers who can negotiate a contract for a fee. If you use a broker: Ask which suppliers they represent so you know if they can offer a full-market comparison. Make sure you are clear on the terms of their service. For example, they may charge a one-off finder’s fee or integrate their fee as part of a commission agreement in a contract you choose to sign up to. See GOV.UK’s advice on https://www.gov.uk/unfair-terms-in-sales-contracts For instant comparison click her. To get appointment click here.