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Enjoy Faster and More Reliable Supplier Switching with Ofgem's FMRS Scheme

Updated: Jun 1, 2023


Say Goodbye to Lengthy Switching Times and Out of Contract Fees with Ofgem's Faster More Reliable Switching Service


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The Ofgem scheme regarding Faster More Reliable Switching (FMRS) aims to streamline the process of switching energy suppliers so that it is faster, more reliable, and cost-effective. By implementing this scheme, Ofgem seeks to improve energy consumers' confidence in the market and their overall experience of switching suppliers.


Previously, switching to a new energy supplier could take several weeks, leaving customers vulnerable to paying higher Out of Contract prices. However, with the FMRS process in place, consumers are able to switch to a new supplier much more quickly - within 5 working days or less, as mandated by Ofgem from 18th July 2022. This ensures that those approaching their contract end dates or already Out of Contract can move to a new energy supplier without unnecessary delays and expenses.


Ofgem launched this FMRS programme in 2018 with the goal of creating a reliable and efficient switching process for both domestic and non-domestic meter points. While there were some initial challenges with implementation, the programme is now live, and consumers can switch energy suppliers with confidence.


If you're considering switching energy suppliers, Smart Energy Company has assembled a comprehensive guide on Supplier Processing Timeframes, which you can use as a reference.

Supplier

Minimum Registration Period for Acquisition Sales

Additional Info

Avanti

5 Working Days

British Gas Business

2 Working Days

British Gas Lite

5 Working Days

Clear Business

5 Working Days

Corona Energy

21 Calendar Days

Crown Gas & Power

5 Calendar Days

Drax

5 Working Days

Dyce

5 Working Days

E.ON Next

5 Working Days

EDF

5 Working Days

Engie

5 Working Days

Gazprom

5 Working Days

Niccolo

5 Working Days

Opal

5 Working Days

Opus

10 Working Days

OSSO Gas

5 Working Days

Scottish Power

11 Calendar Days

Acquisition sales are now accepted where the start date falls on a weekend

Smartest Energy

3 Working Days

SSE

5 Working Days

Total Energies

2 Working Days

United Gas & Power

13 Calendar Days

Utilita

7 Calendar Days

Valda

5 Calendar Days

Yorkshire Gas & Power

5 Working Days

Yu Energy

5 Working Days

By embracing this new scheme, energy suppliers are incentivised to provide faster and more reliable switching processes to their customers. Ultimately, this benefits the consumer by reducing costs and providing a more efficient and positive experience when switching energy suppliers.


 


Require a quote for your business or want to discuss anything above? Feel free to get in touch




0151 459 3388 | info@smart-energy.uk

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Have More Questions?

  • Is it possible to change multiple business utilities at the same time?
    Our switching service allows you to switch multiple utilities simultaneously. We have successfully assisted multiple businesses in the UK by helping them save on various services such as energy and water with savings within 2023 already over the £2 Million mark.
  • How much can I save on my business utility bills?
    The amount you can save on your business utility bills will depend on various factors such as your current usage, the rates offered by different providers, and the specific deals available in your location. However, our switching service is designed to help you find the best deals and save as much as possible. By comparing multiple suppliers and negotiating competitive rates, we aim to maximise your potential savings. Get in touch with us to discuss your specific needs and get personalised information on potential cost savings for your business utility bills.
  • How does switching business utilities work?
    Switching business utilities involves a straightforward process. Here's a general overview of how it works: Evaluation: Start by assessing your current utility bills and usage patterns. This will give you an idea of your current costs and help identify areas where savings can be made. Comparison: Use a switching service like ours to compare different utility providers in your area. We provide you with quotes from multiple suppliers, allowing you to compare prices, contract terms, and services offered. Selection: Based on the comparison results, choose the utility provider that best meets your needs and budget. Consider factors such as price, customer reviews, contract terms, and any additional services or benefits offered. Contract Negotiation: Once you've chosen a new provider, our team can help negotiate the contract terms and rates on your behalf. Switching Process: The switching service will coordinate the transition with your current supplier and the new provider. This may involve submitting termination notices, arranging meter readings, and scheduling the activation of new services. Enjoy the Savings: After the switch, you'll start receiving services from your new provider, typically at the agreed-upon rates. You will notice savings on your utility bills, providing you with cost advantages for your business. Remember, the exact process may vary depending on the type of utility you are switching, but our switching service aims to simplify the process and assist you at every step.
  • Who are the cheapest business utility providers?
    As market conditions and prices fluctuate regularly, it's challenging to provide an up-to-date and definitive list of the cheapest business utility providers. The prices we provide you are valid and available on the day of the quote and will provide most current and competitive deals available. Our switching service helps you compare prices and offers from multiple suppliers, ensuring you have the most accurate and relevant information to make an informed decision about your business utility provider.
  • What is energy procurement?
    Energy procurement is the process of sourcing, negotiating, and securing energy contracts to meet the specific needs of a business. It involves analysing energy consumption patterns, understanding market trends, and negotiating with suppliers to obtain the best possible rates and contract terms.
  • Why is energy procurement important for my business?
    Energy procurement ensures that your business secures energy contracts that are both cost-effective and aligned with your operational needs. Proper energy procurement can lead to significant cost savings, budget predictability, and reduced risks associated with volatile energy markets.
  • How does The Smart Energy Company help with energy procurement?
    We specialise in analysing your energy consumption, understanding your specific needs, and leveraging our relationships with over 20 suppliers to negotiate the best possible contracts on your behalf. Our team ensures you get optimal rates, flexible terms, and contracts that align with your business goals.
  • How do you ensure I get the best energy rates?
    Our team continuously monitors the energy market, staying updated with trends, price fluctuations, and supplier offerings. Coupled with our in-depth analysis of your energy needs and consumption patterns, we negotiate with suppliers to secure rates that are both competitive and suited to your business.
  • Are there any hidden fees associated with your energy procurement services?
    Transparency is a core value at The Smart Energy Company. We provide a clear breakdown of any commission we earn as a company when you come to agree any new energy contract. This is typically included as an uplift in your unit rate and paid to us by the supplier you chose to go to. Our primary goal is to secure the best energy deals for you, with no hidden costs.
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