Navigating High-Risk Industry Classifications: A Guide for Businesses
Imagine this scenario: You spend time looking around for a new energy supplier for your business, find a contract you like, and start the process to get it set up—only to discover that the supplier does not accept your business simply because of the type of business it is. Frustrating, right? This is a reality for many businesses classified as high-risk by energy suppliers.
What Are High-Risk Industries?
High-risk industries are sectors that energy suppliers view as having a higher potential for financial instability or higher energy consumption risks. This perception can result in fewer suppliers willing to offer contracts to businesses in these industries, leading to limited options and often higher costs.
E-ON Next's High-Risk Business List
E-ON Next, a prominent energy supplier, has outlined specific industries they classify as high-risk. These industries face significant challenges when trying to secure energy contracts. Below is a detailed list of these high-risk industries along with their respective SIC (Standard Industrial Classification) codes and descriptions:
High Risk Business Types
Manufacturing
2910 / 29100: Manufacture of motor vehicles
2920 / 29200 / 29201 / 29202 / 29203: Manufacture of bodies for motor vehicles, trailers, and semi-trailers
2931 / 29310: Manufacture of electrical and electronic equipment for motor vehicles
2932 / 29320: Manufacture of other parts and accessories for motor vehicles
Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles
Transportation and Storage
Accommodation and Food Service Activities
Arts, Entertainment and Recreation
Other Service Activities
The Broader Picture: Other Suppliers
While this example provides E-ON Next's high-risk business classifications, it's important to note that other suppliers have similar requirements. This often means that a business may find they have very limited options for renewals, generally leading to more expensive renewal options.
How The Smart Energy Company Can Help
At The Smart Energy Company, we understand the challenges faced by businesses in high-risk industries. Our mission is to provide competitive energy solutions regardless of your industry classification or credit score. Here’s why you should consider partnering with us:
Expert Guidance: Our team of experts has a deep understanding of the energy market and can help you navigate through your options effectively.
Competitive Suppliers: We work with over 20 trusted energy suppliers to ensure you get the best possible rates.
Tailored Solutions: We provide customized energy solutions that fit your specific business needs, helping you save significantly on energy costs.
Get Started Today
Curious about how much you could save on your energy bills? Reach out to us today to explore your options:
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By partnering with The Smart Energy Company, you can ensure that your business is getting the most out of your energy expenditure, regardless of your industry classification. Let’s work together to achieve significant savings and a more efficient energy solution for your business.
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