UK SMEs gets new energy rules

New rules as devised by Ofgem for smallrules.
business energy market have been implementedAs per the new energy rules, small businesses will
recently in order to protect SMEs in the UK. Thenow have the right to prevent their contract
attempts made by the Office of the Gas andfrom being rolled-over by energy companies.
Electricity Markets in the UK to formulate theWhen small businesses sign a new energy deal
energy rules have been welcomed by industrythey can make the supplier aware that they are
representatives as well as small players. However,opting out of the deal, as a result of which they
there are fears that the rules will create confusionwill be put onto a 28-day notice rollover plan at
among small businesses and will put too much ofthe end of their contract, thereby leaving them
the obligation on SME owners.free to enter a better deal.
The new energy rules will be made applicable forAlthough rules are complicated, new energy rules
micro businesses in the UK, which will fulfil theare a step in the right direction and are expected
criteria as set by Ofgem. Companies thatto help several small businesses avoid getting
consume below 200,000 kilowatt hour (kWh) oftrapped into expensive ‘evergreen’
gas yearly and less than 55,000 kWh of electricityenergy contracts.
per annum will be able to avail the new energy