Numerous businesses are unaware of the practice of automatic contract renewal better known as being rolled over – most companies don’t realise the consequences that this can have on their energy expenditure.
If your business is approaching the end of its existing energy contract get in contract with us FAST!
If you don’t know your termination date again contact us and we will ensure we will deliver the information you required.
If a commercial business does not contact the existing energy supplier to terminate the current contract or renegotiate a new one deal, your business energy contract will be automatically renewed at a less favourable rate which will favour the supplier and not you as the existing customer.
Should your business not be on time and your company are one of the many businesses that are rolled over then your business will be paying a premium rate which won’t be good value for money and worst of all you’ll be stuck with it for at least a year.
By law business energy suppliers must send you written confirmation of the contract, within 10 days of the new contract or renewal contract being agreed. Suppliers have varying termination notice periods, ranging between 30 days and 120 days prior to your anniversary date.
There are typically two important questions that your business should know the answers to:
- When is your contract up for renewal?
- How many days termination notice do you have to give to your current supplier?
Press Group can manage this part on your companies behalf and will communicate when the time is right to search for the best commercial deal.
We are usually able to offer prices and terms with your existing supplier.
With so many different tasks to keep up with by running a business Gas and Electricity can be another job that’s usually overlooked but Is within the top 3 most expensive business overhead.