The change itself takes him only 5 business days. Ofgem’s Faster Switching program (see below) has significantly reduced switching times from up to 6 weeks to just 1 week.
Remember, however, that you cannot switch to a new utility power contract until your current contract expires. This means that if you secure a new tariff six months before your current contract ends, the change will only actually take effect six months later.
Still, it makes sense to agree a new contract as soon as possible. Customers who renew six months before their contract ends can save up to 20% compared to customers who renew just before their contract ends.
Changeover times may be affected by your business situation or conflicts with your current supplier. These objections can be for a variety of reasons, including:
If the current supplier is not terminated. A new supplier is given an incorrect contract start date.
If your provider blocks your switch, you have a legal obligation to tell them why as soon as possible.
If you decide to switch and the switchover time is more than 6 weeks he should write to the supplier and ask for an update on the progress.
The supplier must answer your question within her 14 days. If you don’t get a response within that period, try escalating the issue to the supplier’s CEO.
If you have a problem with your business energy provider or part of your switch, a business energy expert may be able to help. So it’s worth asking us for advice.
If a supplier is blocking a switch and you don’t think the reason is legitimate, try raising the issue with the Energy He Ombudsman. The Energy Ombudsman will examine the reasons for blocking the switch provided by your current provider and determine if they are considered justifiable before announcing the decision to all parties.
You can access the Energy Ombudsman in the following ways:
Phone – 0330 440 1624
Email – [email protected]
Twitter – @OmbudServices
Website – www.ombudsman-services.org/energy
Post Office – Energy Ombudsman, PO Box 966, Warrington, WA4 9DF
The rules for switching energies are changing. As part of Ofgem’s ‘Faster Switching’ project, the time required to switch energy suppliers will be reduced from his 18 days to just 5 days. Faster Switching is Ofgem’s initiative to make it easier and cheaper for homes and businesses to switch energy providers. Switching between energy suppliers should currently take five working days, and the rule applies to both residential and business energy switching.
The duration of switching depends on whether you switch within the 14-day cooling-off period. In this case, the switch will be completed within 5 business days, but you still have time to cancel. In this case, you will have to pay for the energy supplied by the supplier before canceling. Otherwise, the switch will take place within 5 days after the cooling-off period ends.
Utility Energy Switchover
Commercial energy contracts do not have a cooling-off period, so the switchover takes 5 business days from start to finish. If you choose a date other than these 5 days for your switchover (for example, if your current contract does not expire for several months), your new provider will start supplying your energy on the desired date.
Now you know the best time to switch energy suppliers. The quickest and easiest way to switch your company’s electricity or gas provider is to let Beta Energy Direct (BED)‘s tech-savvy team do the heavy lifting. A simple phone call is all it takes for our experts to find the best deals and negotiate special rates from our panel of trusted suppliers. This saves you time and money that you can invest in your business. To see how much you can save, enter your zip code in the box on the right or call our tech-savvy team on (0800) 999-1160.