Many business owners usually don’t check how much money they are spending on their gas and electricity. In this article we share some Tips to Help You Have the Right Business Energy Contract.
The truth is that businesses can grow if they cut some costs. This is why it’s a good idea to check the market before you decide to sign any energy contract.
In this way, you can save a lot of money on energy costs to allow your business to thrive in this competitive market. This article discusses some tips to help you have the right business energy contract.
Table of Contents
Check the Expiry Date of Your Contract
Your energy supplier can offer the initial correspondence that has an expiry date of your energy contract. The end date can be on your bill, so make sure that you file all your energy bills.
But this is just the start because waiting for your energy contract to expire before you act can mean missing good chances to find great energy deals. The best way is to work back a couple of months from your energy contract and write a date in your diary. This can give you an adequate period to negotiate a better energy deal.
You Should Get a Renewal Letter
All energy suppliers need to send renewal letters to their customers. Remember that the arrival of a renewal letter can vary depending on your energy supplier. When you receive a renewal letter, it’s time to take action.
Successful businesses usually start searching for energy suppliers with great deals before the arrival of this renewal letter. This means they can do price comparisons using Utility Bidder, check the services energy suppliers are offering, and many more. The key is to be vigilant and act before the arrival of a renewal letter. You can also discuss with your energy broker to assess the entire market before choosing an energy supplier.
Get the Termination Notice Timely
There is always a chance that your energy supplier can automatically tie you into a new energy contract. You can avoid getting tied into a new contract by looking at the notice period, which is often between 28 and 120 days, and send your termination notice timely.
It’s also a good idea to check out the website of your energy supplier to make sure that you know all termination requirements. Some energy suppliers also offer ready-made termination letters that you can download.
While it’s important to send a termination letter to your energy supplier too late, you should also ensure that you don’t send it too early. The good news is that some energy suppliers don’t have the termination window, though they can have the latest date.
This is great for the customers, but you should still make sure that you send a termination notice through recorded delivery. And, for convenience, you can decide to send a termination letter via email. Keep in mind that a signed postal copy can make sure that your energy supplier has received and processed your request to allow you to switch energy suppliers at the end of the contract.
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