Moving Business Premises

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"Don't switch" is good advice for households. But business energy is different and there's no price cap to protect you*. "Compare now" is good advice for businesses!

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*with no price cap in place for businesses, some out of contract rates are up between 15% and 120%

There’s a lot to think about when you move business premises, but it’s not just your internet connection, files, and office mascot you need to worry about – it’s important to spare a few moments to think about your gas and electricity supply too. If you don’t, you run the risk of paying more than you need to – here’s what you should know.

What happens when you move out of your old business premises?

Unless you decide to move your existing energy tariff with you – your contract will end on the day you move out. You should aim to give your gas and electricity supplier at least four weeks’ notice so that your account can be settled in good time.

When you tell them you’re moving, you may be asked for:

  • Your account number(s)
  • The date you leave
  • A forwarding address for your final bill
  • The MPAN (meter point administration number) or MPRN (meter point reference number) – you should be able to find this information on an old statement or bill

On the day you move out, make sure you take a final gas and electricity meter reading and let your supplier know. They’ll need this so they can work out your final bill; alternatively, you might be due a rebate if you’ve been overpaying.

Can you transfer your current energy contract to your new premises?

Depending on the location and type of meter installed, you should be able to carry over your existing contract to your new premises. If it is possible and you decide to stay with your current supplier, they’ll need the address of your new office and the date you move in.

You’ll also need to give them meter readings from your new property when you get there – this ensures you only pay for the energy you use.

What happens when you move into new business premises?

One of the first things you’ll need to do when you move to your new office, is to find out which energy provider(s) supply your property, if you’re not sure then you can get help at Ofgem.

If your new office already has a gas and electricity supply, then it’s really important to compare energy deals as soon as you can. Energy supplied outside of a contract is usually charged at what’s known as deemed rates – this is essentially an energy provider’s default tariff and it could be up to 25% more expensive than being on a fixed contract.

If you find that your supply has been disconnected, or that there’s no connection at all (such as if your office is brand new), then you’ll also need to factor in the time and cost of connecting your supply.

Who pays your business energy bills?

You should always make sure you know where you stand when it comes to paying energy bills.

In some cases, your landlord will cover gas and electricity costs under the terms of your tenancy and deal with the energy provider directly – meaning they will choose the tariff and agree the energy contract, and you won’t have the option of switching supplier.

But even if your landlord is responsible for energy bills, it’s really important to be absolutely clear on how those costs are paid and managed – because as the tenant, you’re ultimately responsible for making sure bills are paid.

If you don’t have a landlord and are wholly responsible for your own utilities, then it’s up to you to choose the provider you want to supply your energy. If this is the case, always make sure you search for a tariff that best fits your needs – whether that’s based on cost, using green energy, or finding a contract that caters for your specific trade – such as if you own a shop or run an office.

How to compare business energy prices

Comparing energy tariffs for your business isn’t like finding a deal for your home – some of the main differences are:

  • Business energy is usually cheaper than gas and electricity for your home
  • Commercial contracts are typically longer and have no cooling off period (so you need to be absolutely happy with what you’re paying for)
  • Business gas and electricity needs to be bought separately and dual-fuel deals like those for your home energy, don’t exist in the business world

Another big difference between commercial and domestic energy, is that there are no ready-made solutions and business gas and electricity providers will tailor a solution based on your specific needs.

While a bespoke deal works well in the sense that you get what you really need, it can be a chore when it comes to comparing deals as you’ll need to speak with each energy supplier individually.

Luckily, at UKPower, we’re here to help. We’ll get to grips with your business energy needs and do the searching for you, we only work with trusted partners and we’ll even sort out the nitty-gritty of switching – saving you time and hassle. So, why not give us a call on 0800 326 5517, or fill in your details – there’s nothing to lose, but there could be lots to gain.