When energy contracts come to an end, they renew automatically and customers are placed on expensive rates that make them stuck with the same provider for at least one more year. If you want to avoid that happening to you, make sure you submit your contract termination on time.
Domestic customers can submit contract termination up to 49 days before the contract is due to expire, without having to worry about paying exit fees. The situation is more complicated for business customers as they are usually on fixed-term contracts and need to wait for them to finish.
Your energy supplier will reach out to you to notify you about your contract ending soon. When you receive this message don’t wait, react immediately and, if you want to change the supplier, prepare your termination notice.
When the process of ending your current energy contract is finalised, start looking for a new energy deal that offers more competitive prices and more flexible terms. If you want to ensure that you’re getting the best contract available, hire an energy broker!