If you want to compare business utilities and switch, you must have come across some myths. If you own a company and have never changed to a new energy agreement, you might be paying up to 40% more for business utilities than you need to. According to recent research, small and medium-sized businesses lose £7 billion by overspending their business utility bills.
According to the survey, half of the corporate customers are less inclined to change suppliers and have been with them for four years or more. This implies they’ll be on their supplier’s regular variable rate tariff, which may cost up to 116% more than the lowest option available. Here are the top myths regarding switching utility suppliers in the UK and why you should make the switch.
What Are the Best Utility Myths Debunked?
Changing business utility suppliers appears to have many hurdles, ranging from the entire procedure being too time-consuming to some entrepreneurs not even being conscious about the switching option.
Some business owners aren’t conscious of the cost-cutting opportunities available. Many decision-makers and business owners do not have the time or desire to research business energy estimates. Utility myths are yet another good reason why people don’t switch. Here are the top myths debunked.
According to a study, 90% of small business owners believe their energy bills aren’t transparent enough. Likewise, 10% of people report they have no idea what their invoices are saying. To put it mildly, this is a catastrophe.
Although your company energy bill contains a great deal of information, a quick search or consultation with a specialist may help you comprehend everything in depth. The myth is that some people believe that utility bills are confusing, so that the layman cannot understand them. However, if you find a good utility company, they will help you understand everything in detail.
The Fear of Supplier
You may not be able to transfer suppliers in some circumstances. This is generally because your agreement hasn’t reached the end of its switching window or because you owe money to your existing supplier.
You may research prices and create a new agreement when your previous agreement reaches its switching period. The changeover date is typically one to six months before the termination date. As a result, the providers have no control over your switching choices, and you are free to switch at any moment.
No More Power During Transition
Among the most common myths concerning energy switching is this one. When you change suppliers, your utilities will continue to be delivered over the same pipes and wires. The only element of the equation that changes is the provider. This means your energy supply won’t be disrupted, and you won’t have to do any more drilling or rewiring on your property for new wires or pipes.
Some people think that they will have to use new wires and pipes for switching over. However, this is not true, and your new provider will offer utilities using the same pipes and cables. Moreover, there will be no loss of power or gas at any time during the transition.