Switching business energy suppliers might sound like a daunting, time-consuming task—but more often than not, the biggest barrier isn’t the actual switch itself, but the myths surrounding it. These common misconceptions prevent many small and medium-sized enterprises (SMEs) from exploring better deals, lowering their bills, and improving overall energy efficiency.
In this guide, we’re busting the top three myths about switching business energy suppliers. If you’ve ever thought “switching is too much hassle” or “I won’t save enough to make it worth it,” this article is for you. Let’s set the record straight and help you take control of your energy costs, once and for all.
Why Understanding Energy Switching Matters
Before we dive into the myths, let’s clarify why this topic is so important. In today’s volatile UK energy market, businesses of all sizes face rising costs and tighter profit margins. With inflation, global supply issues, and increased environmental responsibility, every pound counts.
Energy is one of the biggest ongoing expenses for many businesses. Yet, millions of SMEs are unknowingly stuck in outdated contracts or on expensive rollover tariffs simply because they don’t take the time to review their options. Switching suppliers can save hundreds—or even thousands—each year with minimal effort.
Myth #1: Switching Suppliers Is Complicated and Time-Consuming
Let’s be real—running a business is already a juggling act. The idea of spending hours comparing tariffs, reading contracts, and dealing with paperwork sounds exhausting. But here’s the truth: switching energy suppliers is far easier than most people think.
Thanks to digital comparison tools and experienced energy brokers, you don’t need to do it all yourself. These platforms collect quotes from multiple suppliers, break down the costs clearly, and even handle the admin side of the switch. Once you’ve chosen your new supplier, they coordinate the changeover with your old provider, ensuring no disruption to your supply.
- No engineers will need to visit your premises.
- Your meter stays the same.
- You won’t experience any downtime or power outages.
In fact, most of the process is automated. You might need to provide a recent bill, agree to a contract, and sign some documents—but that’s it. If you’re working with a broker, they’ll usually handle all the supplier communication on your behalf. The switch typically takes 2 to 4 weeks, depending on the provider.
Bottom line? The process is simple, stress-free, and managed mostly behind the scenes. You just sit back and start saving.
Myth #2: The Savings Aren’t Worth the Trouble
Another huge misconception is that switching energy suppliers doesn’t result in meaningful savings—especially for small businesses. This is one of the most costly assumptions you can make.
The UK’s deregulated energy market means suppliers set their own prices, which creates wide differences between offers. Two businesses on the same street, using the same amount of energy, could be paying vastly different rates based solely on the supplier or contract.
Here’s what you might be missing out on by not switching:
- Introductory fixed tariffs for new customers
- Reduced standing charges
- Green energy incentives
- Bespoke pricing based on your consumption profile
Even a small business using just £5,000 of electricity per year can save 10–20% simply by moving to a better deal. That’s £500 to £1,000 saved—without cutting consumption, changing habits, or upgrading equipment.
For medium to large enterprises, the savings multiply quickly. And it’s not just about the raw cost. Many modern suppliers offer:
- Energy insights and dashboards
- Smart meter installation
- Customer service guarantees
- Flexible billing options
So yes, the savings are absolutely worth it, especially when switching is easy and free in most cases.
Myth #3: Switching Puts Your Energy Supply at Risk
This myth stems from a fear of change—what if my power cuts out? What if the new supplier is unreliable? What if I get caught in a loophole?
Here’s the reality: the physical supply of energy never changes. Your electricity and gas still come through the same pipes and wires, no matter who bills you for it. The infrastructure is managed by the National Grid and distribution networks, not your energy supplier.
That means when you switch:
- There’s zero risk of downtime
- Your supply is protected by Ofgem (the UK regulator)
- Emergency services (like outages or faults) remain available
Even in rare cases where a supplier collapses (like some did in 2021–2022), Ofgem’s Supplier of Last Resort (SoLR) scheme automatically moves customers to a new provider with no service interruption.
Switching is not only safe—it’s supported by consumer protections designed to keep the lights on and the gas flowing. The only thing that changes is your contract, rate, and who sends the invoice.
Don’t let fear stop you from saving. Your power won’t vanish just because you want a better deal.
The Risks of Not Switching
Now that we’ve busted the major myths, let’s flip the script. What happens if you don’t review your energy contract?
- You could fall onto expensive rollover rates—these are often 50–80% higher than negotiated tariffs.
- You might be missing out on green energy options, which can boost your brand’s reputation and reduce carbon emissions.
- You’ll continue to overpay while competitors reduce costs and become more efficient.
It’s like paying full price for a mobile plan when everyone else is getting unlimited data for half the cost. Doesn’t make sense, right?
How to Make the Switch Smoothly
Here’s a quick roadmap to switch with confidence:
- Check your current contract: Find your end date and any termination clauses.
- Gather your usage data: Your latest bill shows your kWh usage and current rates.
- Compare suppliers: Use a broker or comparison site that caters to businesses.
- Review the deal carefully: Look at unit rates, standing charges, contract length, and green credentials.
- Agree to the switch: Sign the new contract and let the new supplier take over the transition.
- Submit your final meter reading: Ensure accurate closing and opening bills.
Most of the time, that’s it! You’re now set up on a better rate, potentially saving hundreds or even thousands a year.
Green Energy and Net Zero: Another Reason to Switch
Sustainability is no longer a luxury—it’s a business necessity. Customers, investors, and government regulators are all demanding greener practices. Fortunately, switching suppliers gives you the perfect opportunity to align your operations with eco goals.
Many new suppliers offer:
- 100% renewable electricity tariffs
- Carbon offset gas options
- Energy-saving advice and audits
Choosing a green tariff is one of the simplest steps you can take toward net zero—and it often costs no more than a standard plan.
When Should You Switch Business Energy Suppliers?
Timing is everything. Ideally, you should begin looking for a new contract 3 to 6 months before your current one ends. That gives you time to compare the market and avoid being rolled into an expensive rate.
Avoid switching during peak demand periods (e.g., winter), when prices tend to rise. Brokers can help you time your switch to match market lows for maximum savings.
If you’re on a variable or deemed tariff right now, don’t wait—switching immediately can lead to instant savings.
Choosing the Right Energy Broker
Brokers can streamline the switching process, but choose wisely. Look for:
- FCA registration or industry certifications
- Transparent fee structures (ask if they’re paid by the supplier or you)
- Clear breakdowns of quotes
- Customer service reviews or testimonials
Avoid brokers who pressure you into signing or hide terms in the fine print. A good broker should be your partner, not a pushy salesperson.
Conclusion: Don’t Let Myths Cost You Money
Switching your business energy supplier doesn’t have to be scary, confusing, or risky. The myths we’ve discussed—complex processes, minimal savings, supply risks—are simply not true in today’s energy market. What is true? That switching can save you money, reduce your carbon footprint, and future-proof your business.
You’ve got nothing to lose and plenty to gain. So take a few minutes, check your contract, and explore your options. Your bottom line—and the planet—will thank you.
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