But every year over one million small businesses miss out when they don’t negotiate their rates with providers—and this is costing them big time! You could be next—so call today for help renewing your contract before its too late.
Despite warnings like this, many businesses still allow their energy deals to simply roll over as there’s a lack of information on what they’re entitled to at the end. We help these companies get themselves out from under their energy supplier and into a better position.
Our service manages renewals for you so that all necessary paperwork gets filled up correctly before time runs out!
What are the rules on business energy renewals?
2Ofgem changed the rules around business energy renewals to make small businesses’ contracts more transparent. The maximum notice period for terminating a contract has now been reduced from 90 days down to just 30, giving suppliers an opportunity not only to inform their customers that it is time for them to switch over but also offer incentives in order to keep these clients happy while making sure everyone’s bills are lower!
To be classed a micro-business, a customer must one of the following criteria:
- Have fewer than 10 employees
- Consume less than 55,00 kWh of electricity a year
- Consume less than 200,000 kWh of gas a year
It’s crucial that you are aware of the end date for your contract with the supplier.
What happens if I don’t renegotiate my energy deal?
Some companies are still being rolled over onto more expensive rates at the end of their contract despite changes to business energy renewal rules.
This can see them paying 80% higher than negotiated ones.
Failing to renegotiate and getting moved on to a deemed supplier means you’ll be paying up for your gas or electricity out of contract – so make sure not to miss this opportunity!
What should I do when my contract is coming to end?
The best time to upgrade your business energy supplier is when they send out renewal letters. If you wait too long, the savings become harder and more difficult to achieve!
You should receive this renewal letter a few months before your commercial energy contract is due to expire. This signals the start of an opportunity for you for find the best deal for your new contracts.
How can I find the best business energy renewal deals?
If you are interested in saving money for your business, then taking advantage of business energy renewals really is a no-brainer.
On average, the prices in your renewal letter are around 30% higher than they would be if you shopped around, or simply used the Contract Renewal Team to take care of your switch. Why not give your company an advantage and find a renewal price that simply can’t be beaten today?
How can I switch with the Contract Renewal Team?
We take the leg work out of comparing business energy suppliers.
You can start your business energy comparison by simply providing us with your postcode and a few contact details. We will then provide you with a range of energy tariffs and prices from our wide panel of trusted suppliers.
Once you’ve selected the best deal for you, our energy experts can take care of the rest. We’ll work with your new and old supplier to ensure your switch runs as smoothly as possible. You’ll even be provided with your own dedicated account manager to keep you up to date and answer any questions you have on the switching process.
Remember – don’t leave it too late!
We know it’s easy to do, but don’t put your business energy renewal on the back burner. If you miss your golden window of opportunity, then you will just be rolled over with your current supplier and onto an overpriced fixed term tariff or worse still out of contract rates.
Not only will you be paying too much for your business gas and commercial electricity, but you may have to pay a fee to change suppliers before your contract ends.
To find out how much you could save with the Contract Renewal Team, simply email savemoney@contract-renewals.co.uk.