Fixed Tariff at home (using my business) - what options now?

QrizB

macman said:

Why would you even do this, given that you were paying 20% VAT on a business account vs 5% on a residential account?

Micro businesses only pay 5% VAT.

Siggles

Robin9 said:

Siggles said:

Thank you everyone for your help and advice. I received an email today to say the contract is cancelled, without charge. I am relieved, especially after reading about about Positive Energy. It also means, as well as now getting the cap, I will get the £400 which I wouldnt have got with a commercial contract.

I used my business as it got me good rates in previous years and before now the broker has given sound advice and saved me a lot of money. But I'm not sure now I'll go down that route again for a while.

How have you managed to get your account converted to domestic ?  There have been several threads finding it very difficult.

It was already a domestic account with Shell. I was in the process of making it a business contract, through a broker. It would have swapped 1st October, but the new company agreed to cancel the contract.

Siggles

macman said:

Why would you even do this, given that you were paying 20% VAT on a business account vs 5% on a residential account?
Does your business involve the use of a high level of electricity?

My business is not VAT registered. The broker was able, or at least had been able to in the past, to get very good deals by using the business. TBH I'm not sure, after recent events that I'll do it this way again, but certainly the broker saved me money doing it this way in previous years.

MWT

Siggles said:

Robin9 said:

Siggles said:

Thank you everyone for your help and advice. I received an email today to say the contract is cancelled, without charge. I am relieved, especially after reading about about Positive Energy. It also means, as well as now getting the cap, I will get the £400 which I wouldnt have got with a commercial contract.

I used my business as it got me good rates in previous years and before now the broker has given sound advice and saved me a lot of money. But I'm not sure now I'll go down that route again for a while.

How have you managed to get your account converted to domestic ?  There have been several threads finding it very difficult.

It was already a domestic account with Shell. I was in the process of making it a business contract, through a broker. It would have swapped 1st October, but the new company agreed to cancel the contract.

Did the broker agree as well?

Siggles

MWT said:

Siggles said:

Robin9 said:

Siggles said:

Thank you everyone for your help and advice. I received an email today to say the contract is cancelled, without charge. I am relieved, especially after reading about about Positive Energy. It also means, as well as now getting the cap, I will get the £400 which I wouldnt have got with a commercial contract.

I used my business as it got me good rates in previous years and before now the broker has given sound advice and saved me a lot of money. But I'm not sure now I'll go down that route again for a while.

How have you managed to get your account converted to domestic ?  There have been several threads finding it very difficult.

It was already a domestic account with Shell. I was in the process of making it a business contract, through a broker. It would have swapped 1st October, but the new company agreed to cancel the contract.

Did the broker agree as well?

The broker helped me to cancel the contract. I didn't speak directly to the energy company, he did the communication for me. No doubt he lost out over the cancellation, but I think he felt guilty that he'd given advice that turned out might have cost me money.