What is SME Energy?
Ofgem defines a Micro Business as;
Employs fewer than 10 employees (or their full time equivalent) and has an annual turnover or balance sheet no greater than €2 million; or uses no more than 100,000 kWh of electricity per year; or uses no more than 293,000 kWh of gas per year.
Source: Ofgem
The EU defines SME as;
“The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro.”
Source: Wikipedia
Any company that doesn’t meet this criteria is considered a Large Enterprise and as such would be considered Corporate in the energy market.
SME prices usually change on a month to month basis and are usually very stable. The prices generally change slowly, a few percent up or down each month. Contracts for SME prices are usually done in yearly intervals ranging from 1 year to 5 years.
How Can I Help?
Quotes From 23 Different Energy Suppliers
I work with 23 suppliers to get the full range of prices from the market. What sets me apart from other sales reps is the fact I deal with the problems and back-office side of things as well. I know how difficult some companies can be and how likely you’ll be satisfied with them. I’ll let you know that Supplier A is £40 a year cheaper than Supplier B, but Supplier A often comes with a ridiculous amount of headache or doesn’t accept quarterly payments. Not only are you getting the full range of prices available on the market from me, you’re also getting that personal advice from my experience of dealing directly with suppliers daily.
Advise You Concerning Which Contract Length Is Best
Most suppliers and brokers will say 3-5 years is best as prices are always going up. This is a lie to get more commission out of you. Generally speaking prices rise but in 1998, 2001, 2007, 2009, 2015 and 2018 prices fell massively. Those who went with 3-5 year contracts the year before that, lost out on huge amounts of money. No one can really time the market but I will be honest with you and tell you what has happened in recent months and if I think a 1 year contract would be best now or a 3 year would be better.
This is something you just won’t receive from suppliers and brokers hoping to hit their target for the month.
Let You Know How The Current Energy Climate Is
It’s common knowledge that prices rise but there are certain times they don’t, as already mentioned above. There are also certain times of the year that prices are better than at other times. A common example which applies to 80% of most years, is that summer time has cheaper rates than winter rates. Likewise prices often spike in October. If you work with me, I’ll let you know whens the best time to renew your contract and when’s the best time to hang back and wait.
What I need?
If everything sounds good to you so far, what I need from you is for you to get in touch with me and tell me how I can help you. I work with one man designers and builders, small cafe’s, large chains of takeaways and care homes. I’d need you to let me know when your current contract ends and who your current supplier is.
After you’ve let me know when your current contract ends and who currently supplies you, I’ll be able to get you prices from other suppliers and then ask your current supplier if they’d be willing to match the best price I got.
This is a very helpful tactic which usually results in getting amazing prices far cheaper than you would. Of course you could always call the 23 suppliers yourself but your time could be better spent on running your business. Plus you’d probably have all 23 suppliers calling you every month asking you to accept a new quote.
Get in touch with me and let me know when your current contract ends – 0208 050 5456 or hamed@hamed.energy
