There may be many reasons you want to switch energy suppliers, which is fine as long as you approach the task correctly. You never want to rush into a new contract, no matter how enticing it may look. As a small business owner, the most important thing you can do is take a step back and review all your options.
But first, you need to take a good hard look at yourself to make sure that switching your small business to a new energy supplier is a good move for you. Let’s take a look.
- Analyze Your Reason For Switching Energy Suppliers – Take a close look at your business needs and figure out why you want to change. If it is for a great reason, like horrible customer service, you may want to start looking immediately. If it is something like saving money, you will need to wait until your current contract is finished to avoid paying any penalties to your current energy supplier.
- Gather Your Small Business Information – You had already gone through this process once when you signed up for your current service, so you should already know what to have ready. The simplest way to have a majority of the information that the potential suppliers will ask for is to have a copy of your most current bill sitting in front of you before you move on to the next step.
- Compare Energy Supplier Contracts – Now for the fun part. You will want to go online to a comparison site, such as the one at iSelect, and let them do the leg work for you. That means you will input some data when you answer the questions on the site, and then the AI-driven platform will send you partner sites that would be willing to work with you.
- Read Through The Offers – Once you have some offers sent to you, it is time to find a quiet place to read them. You need to be able to concentrate on every detail of the contract to avoid any issues later on down the road. During this stage of the process, you will need to ignore the cost for the moment because the most critical part of the service is to ensure that it is adequate for what you need. If not, throw it out and keep the ones that are what you are looking for.
- Compare The Prices – By now, you should have some options in front of you, arranged from best to worst. You will now want to review the prices they are offering you and pick the one with the best value. As said before, the service’s details must come first. You will also want to check the fine print to see if there is a catch to the great price, such as a discount for the first month and then a price hike.
- Finalize The Switch – If you have found the one you want to go with, let them know that you would like them to get you hooked up. Never cancel the other service provider until the new contract is signed, sealed, and delivered. You do not want to get caught in the middle when neither company has energy going to your business location.
It truly is as simple as that. The most important thing is to analyze your current service provider’s dates and details and not do anything that may end up costing you more money. If there is still a contract you have to finish, it doesn’t hurt to ask them what they would charge if you cancel early, but for the most part, the best thing you can do is wait. Have everything set up and ready to switch with your new supplier before the current contract expires. That way, you can cancel the service when it is time to renew.