Who Supplies my Business Energy?
Your questions answered here. We’ll look at how you can find out who supplies your business energy
Finding out who your commercial gas and electric suppliers are might not be as easy as it sounds. Sometimes, the information isn’t to hand and can complicate billing for your business.
In this blog, we’ll provide a short and informative guide with all the necessary information you need to check who your current energy suppliers are. It’s vital to be aware of who supplies your business energy to ensure their tariffs are right for you.
Why is it important to know who supplies your business energy?
Missing information is a very common feature when looking into your own business energy. It happens quite frequently. Sometimes, when businesses move into new commercial premises, they won’t know who their business energy suppliers are until their electricity and gas bills are due. But there are issues with this.
Why shouldn’t I just wait for the energy bill?
It doesn’t sound like a serious issue but waiting for your energy bills to find out who supplies your business energy could have financial consequences. For instance, you might end up paying for energy consumption from the previous occupants, if they haven’t informed the supplier of the move.
What are deemed contracts?
It’s also important to know if you’re on a ‘deemed contract’ with the previous occupants’ energy supplier. It’s most likely to be the case, at least until you’re able to sign a new business energy contract with a new supplier at your site.
Deemed contracts typically begin after businesses change locations or move into new properties and consume energy without agreeing a new contract with an energy supplier.
You might not know, however, that roughly 10 per cent of micro businesses are on deemed contracts.
It’s not an ideal scenario for these businesses. It’s vital that smaller businesses. particularly, are aware that prices on these contracts are, on average, 80 per cent higher than the energy rates charged in a negotiated contract with a supplier.
For businesses on a deemed contract, it’s essential to consider your options and compare supplier offers for a new energy contract. It’s very likely that significant cost savings could be made.
Being aware of who your energy supplier is, what tariff type you’re on and what charges you pay are essential criteria which businesses should meet. This knowledge equips you with a broader understanding of the energy market and will prevent you from overpaying on your business gas and electric.
How can I find out who supplies my business energy?
Most of the time, the landlord, letting agents or previous owners will know or can direct you to your energy suppliers.
Sometimes, energy companies might send letters to ‘the Occupier’, if the previous occupants – in the best-case scenario – have informed them that they are moving out. The letter from the energy supplier usually provides details of the current energy deal and will state who the current energy supplier is.
Sometimes this information cannot be retrieved, and the previous residents do not inform their suppliers about their move. In this case, Ofgem advises the use of the services below to help find your energy suppliers.
Who is my gas supplier?
You can find out who supplies your business gas by calling the Meter Number Helpline on 0870 608 1524. Calls to this number cost 7p per minute plus your phone network provider’s access charge.
You can also visit our price comparison website BusinessEnergyQuotes.com, which only needs a postcode to identify your business’ Meter Number. The service uses smart grid data, which bases quote comparisons on actual energy consumption from that meter as opposed to estimates.
It’s important to know who your business energy suppliers are, as this will allow you to compare other offers against your current supplier. This could then lead to savings on your Unit Rates or Standing Charges.
Using an energy consultancy such as Northern Gas and Power or price comparison websites such as BusinessEnergyQuotes.com makes this process swift and simple, as they’ll communicate with suppliers directly, ensuring you’re always on the best possible deal for your business.
Who is my electricity supplier?
You might not know your electricity provider either. In this instance, you can use the Energy Networks Association postcode search tool.
They’ll help you get in touch with your regional distribution network operator (DNO). The DNO is responsible for maintaining the infrastructure that connects homes, businesses and other organisations in your area to the electricity transmission network.
Alternatively, you can get in touch with us at Northern Gas and Power, an energy consultancy who are able to communicate directly with suppliers on your behalf to work with you on achieving your savings.
Will switching my business energy supplier save me money?
It’s very likely that you could switch business energy suppliers to make savings. If you’re on a deemed contract like 10 per cent of small businesses, you’re paying almost 80 per cent more than a negotiated contract, or on a fixed-term or competitive variable rate.
For more information on the advantages and disadvantages of various contract plans, visit our FAQs page here.
It’s vital to be aware of your energy supplier and the rates you’re paying. You should periodically check your position against the market to compare newer offers against the providers on the market. This will ensure you’re never overpaying for your energy.
How do I switch?
Our specialist energy services provide businesses with ease and access to the energy market. Supporting over 20,000 clients, Northern Gas and Power have established relationships with over 40 business energy suppliers, including options with Green Energy providers.
We have a global team of around 800 energy experts available to help businesses navigate a complex market. In just one short phone call, you could sort out a newer, cheaper business energy deal.
Contact us today to get started. Call Northern Gas and Power on: 03300300800
Or visit: https://ngpltd.co.uk/our-services/
Rasheed Ahmed, Friday 26 February 2021