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The Power of Switching: How Changing Energy Suppliers Can Save You Big!


Green piggy bank with coins and a plant sprouting from the top, symbolising savings and growth from switching energy suppliers.

Introduction:

There's a palpable buzz in the energy market right now! With the number of people switching energy suppliers more than doubling over the past year, it's evident that consumers are becoming savvy to the benefits of shopping around. And if you're contemplating whether it's time for a change, we're here to provide a bit of insight on the matter.


A Surge in Changing Energy Suppliers:

According to the latest data from ElectraLink, a record-setting 222,000 customers changed their energy supplier in September alone. This significant number not only underscores the ongoing recovery in the retail energy market but also highlights an increasing consumer confidence in the act of switching. To add a cherry on top, this marks the third consecutive month with over 200,000 switches.


Why the Sudden Jump?

A year-on-year comparison reveals that September's switching figures have surged by a whopping 120%. Additionally, there was a 3% increase when compared to the stats from August 2023. But what's triggering this switch?


The recent changes to the Ofgem price cap for standard variable tariffs have led numerous suppliers to adjust their fixed-rate tariffs. Some analysts, like those at Cornwall Insight, even anticipate a potential price cap increase in 2024 for residential clients. This uncertainty is nudging consumers to seek out more economical options.


Yearly Insights:

Since the dawn of 2023, an impressive 1.6 million supplier changes have taken place, a stark contrast to the 932,000 during the same period in 2022. This showcases an evident trend – businesses and individuals alike are prioritising cost-saving measures, especially in a market where prices can be a bit unpredictable.


Switch & Save with Smart Energy Company:

The numbers don't lie! To date, we've aided businesses in saving over £2.5 Million in 2023. With an environment where switching is becoming increasingly popular, and for good reason, isn't it time to consider if a change is right for you? Don't miss out on potential savings. Reach out to us for a quote, and let's see how much you could save on your next energy contract.



Conclusion:

In today's dynamic energy landscape, a little proactivity can go a long way. As the trends show, switching suppliers can be a game-changer for many, translating to significant savings. If you're mulling over a switch or want to understand your options better, we're here to guide and assist. Remember, a small switch today can lead to substantial savings tomorrow.

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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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See What Our Clients Say About Us

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Very helpful, quick expert advice. We have been using Smart Energy for a while.

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Ian Hughes

Operation Manager

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