Thinking about energy contracts and when to renew them? Or are you paying too much for your business energy? This guide will give you all the information needed for business contract renewals and ways you can avoid making mistakes.
How Do I End An Energy Contract?
If you aren’t aware of the process, you may incur fees.
When your contract is coming towards the completion date, you’ll need to contact your provider to let them know you’ll be leaving when it expires. It is important to note that contact must be made within your agreed notice period, which can be found on your contract.
When Can I Leave My Energy Contract Without Fees?
We all want to avoid fees, right?
Saving money is fun. But without knowing, you could easily walk into troublesome fines.
To escape any penalty fees when leaving your energy supplier, remember to speak to your provider during the window of the notice period, found in your contract.
If you’re looking for a new energy supplier, get a quote from Niccolo Gas today and find out how much money you can save, along with receiving the best customer service in the industry.
What If I Don’t Renew My Energy Contract In Time?
Ever heard of ‘out of contract rates’? They aren’t very welcoming.
Ofgem requires energy suppliers to notify you of your contract end date at least 42 days before its expiry. However, most companies don’t renew or contact in time, leading to the nightmare of “out of contract” rates.
Sucks right?
Especially when it is so easy to avoid this happening! It just shows how important renewing your energy contract early is.
It also shows why helpful energy companies like Niccolo Gas give you plenty of time to sort a new agreement out.
4 Mistakes To Avoid When Renewing Business Energy Contracts
- Just looking for whatever is cheapest.
- Thinking that it is too early to agree a new contract.
- Not checking your bills frequently.
- Keep renewing with the same supplier.
How Do I Find A New Energy Supplier?
If you just want the best deal with the best customer service, you may want to check out Niccolo Gas. You can get a quote from Niccolo Gas today.
Comparison websites such as Utility Bidder can help you explore the energy market for the best tariffs that suit your business.
What Are Energy Contract Exit Fees?
Exit fees are given by suppliers for anyone who tries to leave their business energy contract early, doesn’t give notice in the contract agreed window and doesn’t use the correct termination process. These exit fees are also dependant on the provider.
3 Tips For Perfect Energy Contract Timing
- Be aware of termination dates – you may end up on ‘out of contract’ rates.
- Be proactive – give yourself a guideline of what you’re willing to pay.
- Don’t be misled by contract renewal dates – prices can be locked in over 12 months in advance of your expiry date.
For more information, visit Contract Renewals