Energylinx for Business News
October 15, 2018
An innovative switching service designed to automatically keep households on the best energy deal has launched today.
The new service, brought to you by GoCompare, is called weflip and could save customers hundreds of pounds on their gas and electricity bills every single year.
weflip has been created to take the hard work out of switching energy supplier.
How does weflip work
Customers provide their details then an algorithm identifies the right moment to switch their energy supplier by comparing thousands of tariffs and selecting the best deal.
weflip checks daily to see if there is a cheaper tariff available to customers - including any exit fees to leave their current deal.
Once there is a difference of £50 - including fees - it automatically moves them onto the new, cheaper deal.
Normally the process takes 21 days and customers can expect to be switched two or three times a year.
To sign-up to weflip, visit: www.weflip.com
Posted on October 15, 2018 at 01:48 PM
September 26, 2018
Between 1st October and 31st March, Energylinx for Business is offering all Broker Pro+ partners free pricing support.
This is an excellent opportunity to take the administrative hassle out of loading supplier prices and save up to £500 a month. We load your prices while you concentrate on selling!
As a Broker Pro+ Partner you will get access to our award-winning business energy comparison software.
Advantages of becoming a Broker Pro+ partner are that it gives you full control over the supplier prices shown, and the ability to adjust the uplifts and see real-time stats all within a modern account.
Features of our Broker Pro+
- Single-site Quoting
- Automatic Contact Generation
- Electronic Signature Solution
- Create Teams & Sub-Brokers
- Access to Real-Time Performance Stats
- Custom CSS / Colours Whitelabel Platform
- Costs £1000 per month
Benefits of our Broker Pro+
- Free Supplier Pricing Files Uploads from October 2018 to March 2019 (saving up to £500 per month)
- Give your customer instant access to pricing results via your own branded portal
- Retain 100% of the commission you make on energy transfers
- Access to a complete online/offline price comparison solution
- 24/7 service option (weekends/holidays/night)
Want to take advantage of this exciting offer?
If you aren't currently a partner on our Broker Pro+ package but are interested in this offer, you can sign up any time to receive it at https://brokers.energylinxforbusiness.co.uk/registration or contact Bruce Laird on email@example.com or call him on 01259 220175.
Posted on September 26, 2018 at 11:30 AM
August 28, 2018
Energylinx for Business is delighted to announce a new feature that will give our affiliate partners the freedom to decide what energy suppliers they sell through their white label. Effectively letting them behave more like brokers than a sub-broker.
You can select as many (or as few) energy suppliers to sell as you like. If there are energy suppliers that you or your customers have had a bad experience with or you feel don't pay enough commission or timeously, then you can remove them from the supplier panel on your white label.
The choice now is completely yours!
Energylinx for Business will continue to work with all energy suppliers that enter a commercial contract with us. At all times we will show every energy supplier that provides us with their price plans on our results page.
Not an affiliate partner yet? Now is the time to join. Energylinx for Business is constantly evolving and improving the services we provide our partners. You can find out more by visiting our https://brokers.energylinxforbusiness.co.uk/registration.
Posted on August 28, 2018 at 09:19 AM
June 14, 2018
Energylinx and Energylinx for Business have some very exciting news...
We will be an arm's length subsidiary of the GoCo Group, working from our Alloa location.
GoCompare is committed to helping us enhance our services so it will continue to be business as usual but with the massive added benefit of extra depth of technical and commercial expertise that GoCompare will add to Energylinx and Energylinx for Business allowing us to leverage the skills and experience we have.
Ken Geddes, CEO of Energylinx, said:
"I'm proud of what we've achieved at Energylinx in the 15 years since we launched. During that time, the energy market has gone through significant changes, and today consumers are faced with more choice than ever before.
"GoCompare has been a trailblazer in the use of technology to simplify choices and help people save time and money, and I'm excited to be working with them to help even more people switch to better energy deals."
Matthew Crummack, CEO of GoCompare, said:
"We are pleased to announce this acquisition, which marks yet another significant milestone for the Group as we continue to build services that work for both our customers and partners. Energylinx has an excellent reputation in the industry among energy suppliers and those who use its white-label services, and we will leverage our strong brand, tech and product capabilities to expand its reach and impact to help save even more people time and money.
"I am looking forward to welcoming Ken and the rest of the Energylinx team to the Group, and to working together to reduce hassle in the energy switching market."
To find out more about Energylinx for Business visit our website.
Posted on June 14, 2018 at 09:15 AM
November 15, 2017
On May 25th 2018, new European data laws are set to come into effect. Despite this looming deadline, only 1 in 4 businesses has started planning to ensure compliance.
The Information Commissioner's Office has released a 12 step checklist to help businesses get ready for The General Data Protection Regulation before the changes come into action in 6 months' time:
You should make sure that decision-makers and key people in your business are aware that the law is changing to the GDPR. They need to appreciate the impact it is likely to have.
2. Information you hold
You should document personal data that your business holds, where it came from and who you share it with. You may need to organise an information audit.
3. Communicating Privacy Information
You should review your current privacy notices and put a plan in place for making any necessary changes in time for GDPR implementation.
4. Individual Rights
You should check your procedures to ensure they cover all the rights individuals have, including how you would delete personal data or provide data electronically and in a commonly used format.
5. Subject access requests
You should update your procedures and plan how you will handle requests within the new timescales and provide any additional information.
6. Lawful basis for processing personal data
You should identify the lawful basis for your processing activity in the GDPR, document it and update your privacy notice to explain it.
You should review how you seek, record and manage consent and whether you need to make any changes. Refresh existing consents now if they do not meet the GDPR standard.
You should start thinking now about whether you need to put systems in place to verify an individual's age and to obtain parental or guardian consent for any data processing activity.
9. Data Breaches
You should make sure you have the right procedures in place to detect, report and investigate a personal data breach.
10. Data Protection by Design and Data Protection Impact Assessments
You should familiarise yourself now with the ICO's Code of Practice on Privacy Impact Assessments as well as the latest guidance from the Article 29 Working Party and work out how and when to implement them in your organisation.
11. Data Protection Officers
You should designate someone to take responsibility for data protection compliance and assess where this role will sit within your organisation's structure and governance arrangements. You should also consider whether you are required to designate a formal Data Protection Officer.
If your organisation operates in more than one EU member states (i.e you carry out cross-border processing), you should determine your lead data protection supervisory authority. Article 29 Working guidelines will help you do this.
It is important to remember that the GDPR is only a part of the overall data protection framework. The Government has confirmed its plans to introduce a Data Protection Bill into Parliament. This should become law in 2018 replacing the current Act.
Posted on November 15, 2017 at 03:50 PM
November 9, 2017
Exciting news from Energylinx for Business... we've been ranked third in Insider's 2017 Sprint100 list. A list that celebrates Scotland's fastest-growing small companies.
Over the last 3 years, Energylinx for Business has seen its turnover grow by almost 272%.
The Sprint100 companies have a turnover of between £10,000 and £8m in their current year. Insider ranks them by total percentage turnover growth over three years and they cannot be loss-making in their latest year.
In total in the Sprint100 index, there were 57 businesses that were new to the index this year with the remaining 43 having featured in 2016. Of those 43, 15 rose up the index and 28 fell.
The Top Ten and their 3 Year Turnover Growth
- W K Soudan + 446.60
- Dunedin Property Asset Management + 272.30
- Energylinx for Business + 271.96
- Gynogapod + 159.41
- 1st Safety Solutions + 134.06
- Midmar Capital + 113.28
- Lomond TPS + 89.66
- LTS International + 76.45
- Warranty Services + 73.42
- Culloden + 72.80
Posted on November 9, 2017 at 11:49 AM
November 7, 2017
CitySprint's fifth annual survey of over 1,000 decision makers and business owners at UK SMEs found a drop in confidence amongst UK SMEs. Worryingly, two-thirds (64%) have not made specific plans to prepare their business for Brexit.
The survey found that three quarters (77%) are as confident or more confident about the future of their business compared to 12 months ago. However, this figure is a substantial drop from the 85% figure recorded in the 2015 survey, indicating some signs of concern about the future.
Not surprising then, that a significant 43% said they lack confidence in the government's capability to safeguard their business from the impact of Brexit.
Despite concern about the future, UK SMEs have yet to feel any considerable impact on the bottom line from Brexit, with 87% reporting they are in the same or better shape financially compared to 12 months ago.
However, when asked what impact leaving the EU will have on their business, around one in five (19%) expect profit margins to decrease and one in six (17%) expect revenue to drop.
Patrick Gallagher, group CEO at CitySprint Group, comments,
'Whatever difficulties the future holds, it's 'business as unusual' for the UK's SMEs. They have more than weathered the economic ups and downs of recent years, and by working with each other, they will no doubt continue to adapt to the times. Smaller enterprises are both highly agile and deft at reinventing themselves and the way they work to suit the times. It's their biggest advantage.'
Despite the majority of small and medium-sized business failing to put secure plans in place to prepare their business for Brexit, they have taken some steps to future-proof their company since Article 50 was triggered in March 2017 with a third (32%) have upped business development activity, while more than a quarter have decreased their fixed and/or variable costs (27%) and a similar number have increased investment in capital goods or technology (25%). One in five (20%) say they have upped headcount in response.
The survey found that 30% of SMEs believe lower customer demand is the biggest obstacle for SMEs in the next 12 months. Brexit (28%) and inflation (21%) come in as second and third respectively. Significant numbers also reported growing competition (20%) and increased operating costs (20%).
What is the biggest worry for your business over the next 12 months? Energylinx for Business provides a service that means energy costs don't have to be one. We compare over 30 energy suppliers to find the right energy price plan for your business. You can do it online or by calling 01259 225400.
Posted on November 7, 2017 at 04:47 PM
October 17, 2017
A price cap on energy bills has been proposed by the Prime Minister, Theresa May. This is a welcome relief for many domestic customers stuck on expensive standard variable rate (SVR) tariffs, but little thought has been given to the five million small to medium businesses who aren't protected in the same way.
UK SMEs are the backbone of the British economy and last year's Competition and Markets Authority (CMA) highlighted the profit margin for selling electricity to small businesses is higher than to domestic customers (8% vs 3%) and that the SME gas sales generated a 10% profit.
In the last 3 months, wholesale electricity prices (one of the main drivers of tariff pricing for business contracts) have risen by 15%. The report by the CMA last year also highlighted that artificially high prices have allowed the "Big Six" energy suppliers to overcharge SMEs by £500m a year.
Just like domestic customers, small businesses are rolled onto products similar to SVR tariffs at the end of their fixed price deals and shockingly, in some cases, these tariffs can be between 50 - 100% higher than acquisition prices.
Currently, the business energy market isn't as regulated as the domestic and until the recommendations from the CMA report have been fully put in place, it will remain this way. However, recent changes to the industry mean that all business energy suppliers MUST make their current out of contract rates available on their websites.
The only way to stop your business being rolled over onto an unnecessarily expensive contract is by comparing what energy price plans are available for your business when you enter the last 120 days of your current contract. Once you find a supplier and price plan that you are happy with then you need to let your current supplier know in writing that you will be moving at the end of your current contract.
Energylinx for Business offers an impartial comparison and switching service. We compare over 30 energy suppliers so you can be sure you will find the right one for your business. You can arrange a transfer online or by calling 01259 225400.
Posted on October 17, 2017 at 03:40 PM
September 29, 2017
Due to time restraints, almost 60% of UK SMEs struggle to shop around for the best energy deal. This is according to new data from the energy supplier, Utilita.
Whilst the domestic energy market is seeing a significant number of customers switching suppliers for a better energy deal, the commercial market isn't. Despite the fact, the CMA's 2016 report into the energy market found that as much as 80% of the UK's small businesses are overpaying for their energy.
The findings, in an independent study commissioned by Utilita on the trials facing UK high street, reveals fewer than half of micro-businesses (46%) believe they are getting a fair deal with high tariff rates and excessive payment arrangements.
The survey reveals that only 41% of businesses review their energy at least once a year and a further 20% only review their deal every two to five years - with one in ten admitting they have never shopped around for a better deal!
The Competition and Markets Authority has enforced rules that energy suppliers have to stop locking businesses into expensive, automatic rollover contracts and need to make it simpler for them to compare the cheapest energy prices. The CMA believes that these changes could help micro-businesses save up to £180 million a year.
Do you have a small business? Energylinx for Business offers a free energy comparison service. If you find a cheaper deal for your energy supplier you can arrange a switch through our online platform or by calling one of our advisors on 01259 225400.
Posted on September 29, 2017 at 01:44 PM
September 6, 2017
Energylinx for Business is delighted to announce the launch of a new product from British Gas directed at micro-business customers, British Gas Lite.
The British Gas Lite product is ideal for customers that:
- Want to keep their costs low
- Would like instant help when they need it
- Desire an account managed entirely online
- Want accurate bills rather than estimated bills
British Gas developed Lite with owners of small businesses in mind and the view that it's important to keep energy spend to a minimum and bills low.
Lite can only be used by businesses with a smart meter. If you don't have a smart meter then British Gas Lite will fit one free of charge.
The smart meter will send British Gas Lite an accurate meter reading every month. This means customers get exact bills every time and will only have to give British Gas Lite a meter reading once when they open the account. British Gas Lite is only available to micro-businesses that opt to pay by direct debit.
To open a Lite account, Energylinx for Business will organise your transfer and confirm to British Gas Lite that you're working from a single site with a single meter.
British Gas Lite is now available on all of our online platforms. Use our free and impartial comparison service to find out how British Gas Lite ranks for your business. You can also get a quote for your business energy by calling one of our advisors on 01259 225400.
To find out more about British Gas Lite visit their website.
Posted on September 6, 2017 at 12:49 PM