Energy procurement services: It’s time to search for a new business energy deal.
If you think you’re paying too much for your business energy, are unhappy with the service your energy company is providing or you are simply coming to the end of your current fixed-term contract and you want to avoid an expensive automatic renewal, it’s time to search for a new business energy deal.
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However, unlike the domestic energy market, getting out of a utility contract and switching to a new provider isn’t always straightforward when it comes to business rates. That’s why it’s important that as a business owner or an energy procurement officer you understand how the switching and renewals process works.
How do you end an energy contract?
Unlike typical domestic energy deals, commercial gas and electricity contracts are set for a fixed length of time that is usually set to renew automatically when the contract is coming to an end. For all intents and purposes, your business is tied into a contract until it expires or you formally make your provider aware you are not renewing your contract during your agreed notice period. This makes the process of getting out of or cancelling an energy contract and switching to a new provider tricky if you don’t know when you can switch tariffs without incurring a penalty fee.
Want to know more? Check out our energy procurement services.