Landlords can compare gas and electric for all
their properties and have access to exclusive prices from a large panel of
suppliers. Compare energy suppliers now to see the latest deals.
Landlords who manage the utilities of their tenants can do
everything
in one single place.
A landlord can add any number of properties to their
account
and we
will handle duplicate address errors in the backend
All the billing is set up against one primary
billing
account
Landlord’s account will be the recipient of all
primary
communication
i.e. switch alerts.
Changing Energy Providers as a Landlord
It is critical for landlords to understand that they have special
responsibilities to their renters. You are legally responsible for keeping a commercial
or
residential property safe, ensuring that all gas and electrical equipment is properly
installed,
maintained, and certified, and determining how energy bills will be paid.
As a landlord, how do you manage energy for your tenants?
When you rent out a house, you can specify whether you or your renters
are
responsible for paying the property’s energy bills in the tenancy agreement.
If you prefer to be in charge of paying the energy bills, you will be in
charge
of choosing the property’s energy supplier and can ask your tenants to pay you directly.
This provides you the freedom to transfer your landlord’s energy
provider to the
most cost-effective gas and electricity prices. If you are a landlord who is responsible for
paying
the bills and you are renting out a commercial building, you can switch business energy. We
also
suggest that you compare comparable business utilities to verify that you are not spending
too much.
If you want to have your renters pay their energy bills directly,
tenants have
the option to move to a new energy provider if they wish, but they must notify you
beforehand. You
should specify this in the tenancy agreement so tenants are aware of their responsibilities.
It is recommended that you encourage your tenants to call your
property’s energy
provider and have the bills transferred to their names, as well as get a copy of the bill to
ensure
that this has been done.
Tariffs for Gas and Electricity
Make a comparison and start saving right away.
Landlords have a variety of energy meter alternatives.
As a landlord, one of the considerations you’ll have to make is which
meter to
install in your rental home.
Meters that accept prepayment
Prepayment meters are installed by many residential landlords so that
renters
can pay for the energy and gas they will use in advance, reducing the chances of being
stuck
with unpaid bills. However, the energy unit rate for tenants is extremely costly, which
can be
off-putting.
Meter for credit
Credit meters are the most cost-effective alternative for your tenants
since
they allow them to take advantage of the most cost-effective tariffs, such as fixed-rate
energy
tariffs, and pay a predetermined sum each month or quarter.
A meter that is smart
A smart meter provides the same benefits as a credit meter but does
not
require manual meter readings because it reads the meter and sends the information to
your
energy provider.
Meters that are updated every half hour
Half-hourly meters are a type of meter designed for large commercial
use that
takes automatic readings every 30 minutes so that your supplier can separate your
business’s
energy consumption into half-hourly blocks for accurate meter readings and
collation.
Advice for Landlords on Energy Conservation
There is now a law in place that requires landlords to provide a
minimum
standard for energy efficiency in both residential and commercial properties, and it is
the
legal responsibility of all landlords to comply.
We recommend landlords explore home insulation as this yields benefits
not
just in reduced energy prices but also in ensuring your house is not affected by
dampness and
mold which can be costly to fix.
There are numerous ways for commercial landlords or renters to reduce
business
electricity expenses within commercial buildings, especially when commercial property
rentals
have continued to grow in recent years. As a landlord, investing in innovative
technologies such
as electric vehicle charging stations may allow your energy investment to double as an
income
producer.
For HMO buildings, energy management is a must.
The same general restrictions apply to landlords who rent out HMO
properties. Many
HMO landlords may choose to keep responsibility for the property’s energy expenses because
arranging
individual agreements with tenants for their bills might be difficult.
That means you have a strong chance of switching your landlord’s energy
provider
to one that offers the best value for money. Providing minimal overhead expenses to your
renters
boosts your competition and makes it simpler to recruit occupants for HMO homes, who are
frequently
looking for the best bargain.
As a business landlord, how do you handle gas and electrical
supply?
Commercial landlords must adhere to the same legal criteria as residential
landlords, and they are nearly always responsible for Energy Performance Certificates, as
well as
the maintenance and safety of energy and water systems.
As a commercial landlord, you have the option of paying your property’s
energy
costs directly, allowing you to compare business energy that matches your needs.
If you stipulate in your tenancy agreement that the company renting your
property
is liable for the energy bills, they have the option to swap energy providers.
How to deal with electricity supply at the beginning or conclusion
of a
tenancy
Whether you have chosen to be responsible for paying your home’s energy
bills or
have delegated this obligation to your tenants, there are a few things you should do when
tenants
vacate your rental property or relocate.
Make sure you’re present with your tenants on the day they move out to
take a
meter reading so you can prove how much energy they consumed during their tenancy in case
there’s a
disagreement later. Give your tenant enough time to notify their energy provider that they
are
leaving.
Freequently Asked Questions
Who is responsible for paying the energy bills if I
rent out a property? Me or my tenant?
It depends, however as the landlord, you must specify in
the leasing agreement whether you or your renter will be responsible for
paying the costs.
Is it possible for me to transfer my tenant’s energy
provider?
If you are responsible for paying the bills, yes. If your
tenants are paying the bills they are entitled to switch supplier but they
need to inform you that they intend to do so.
What type of meter should I use for my rental
property or business?
It depends on the needs of your business, many landlords
prefer a prepayment meter but this is expensive for tenants and can be
off-putting.
SWITCH SQUID
Need Help?
Fullford House
Royal Leamington
Spa CV32 4EA
0192 694 2124 [email protected]
