Business Utilities
Business energy contract ending? What to check first
When a business energy contract ends, many suppliers move you onto a different rate unless you agree a new deal. These out-of-contract or default rates can be higher than a fixed contract, so it is worth acting before your end date.
Check your current contract
- End date and notice window. Your contract sets when you can renegotiate or switch. Missing the window can roll you onto a new term or a different rate.
- Exit fees. Leaving early can carry charges.
- Meter and usage details. Accurate figures lead to more accurate quotes.
Compare quotes on more than the unit rate
Look at the contract length, the standing charge, whether the price is fixed, and any other fees. A lower unit rate with a higher standing charge may not cost less overall for your usage.
Ask how the broker is paid
Brokerage is often paid by the supplier through the rate. A good broker will tell you how they are paid when you ask.
This article is general information. Check your own contract and supplier terms before deciding.
Related service: Business Utilities. We introduce you to specialist partners, and a provider makes every decision.
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