Quick Guide To Business Energy Contract Renewals 

Top Tips For Simpler, Smarter Business Energy Renewals

Is it nearly time to for your business energy contract renewal? Commercial energy contract and tariffs are more complicated than domestic energy, with many intricacies to consider. There are many factors to weigh up to balance the challenges and changing needs of your business with market volatility and price fluctuations.  

Failing to take action could cost you but, with Smarter Business, it doesn’t need to be complicated. Read through our quick guide and get in touch to join our more than 40 000 satisfied customers to optimise your energy spend, save money, and build a smarter strategy. 

Get Ahead of Renewals 

Changing market (and business) conditions mean your existing contract may not necessarily serve you as your renewal approaches and into the future. Before your contract expires and during the renewal period, you need to assess and decide whether you are going to stay with your current contract or move suppliers. 

It is a good idea to start looking into this a few months in advance. This will give you adequate time to properly evaluate the options and make the choice that is offers the best terms and price for your business. 

How Do You Know When Your Business Energy Contract Is Coming Up For Renewal?  

If you are working with professional energy consultants like Smarter Business, your contract manager will contact you in advance of this to discuss the options. This is the fastest, easiest way to stay on top of your renewal dates and processes. 

What Happens if a Business Energy Contract Rolls Over on to a Deemed Tariff? 

If you don’t renegotiate your contract, your contract will roll over onto a deemed tariff. This results in being charged more for your usual energy consumption. Whether you are a SME or an energy intensive, large consumer, all businesses can ill afford to pay more than necessary for energy.  

Should I Stay Or Should I Go?

The best approach to business energy renewals is to do a thorough comparison of the market. Doing this properly involves: 

Understanding your consumption to determine how much and where energy is consumed in your operations. 

Knowing where and how much energy is consumed on your premises on a data level quickly highlights areas of potential saving and guides energy efficiency strategies. Energy monitoring platforms like SmarterView provide powerful real-time data insights from anywhere.  

Comparing tariffs and contract terms to find out if there is a contract more suitable to your needs.  

Working with professional energy consultants saves the time, effort, and cost of shopping the market. It also provides you with professionally negotiated quotes and expert insights on contract terms to ensure you understand the intricacies of the comparison process. 

Note changes to your needs – for example, the shift to renewable energy sources and sustainability goals.  

Whether you have a net zero plan in place or are looking to get started with a sustainability strategy, professional advice removes the risk of guesswork, downtime, and the cost of false starts. Data-driven expert advice sets benchmarks and plots a blueprint for attainable change over time – and the means to monitor return on investment.  

Evaluating the performance of your existing supplier when it comes to customer service.  

Let existing issues with your current supplier be a lightbulb when it comes to your energy strategy. Finding the supplier that is a match for your needs and expectations will transform queries, disputes, and long-term performance. 

Ensuring billing accuracy before the end of the contract term.  

Billing issues are frustrating and time-consuming to resolve. We take historical bill validation off your hands. However, the best practice is to ensure accurate billing in advance of your renewal period to simplify switching.  

Is There a Penalty For Leaving Your Existing Energy Supplier? 

Leaving your energy contract during the renewal period does not attract any penalties. When you enter a new contract, there are no cooling off periods. You will attract penalties if you switch suppliers during the contract term.   

The Smartest Approach To Comparing the Market 

Work with Smarter Business and Discover a Range of Benefits 

At Smarter Business, we contact our clients as their renewal period approaches to find out more about their consumption, challenges, and needs. We also discuss market conditions that affect their contracts and energy spend.  

  • -We provide preferential prices to long-standing customers when performing a market comparison.  
  • -Our quotes are independent and from a range of leading, trusted suppliers. 
  • -Price comparison tailored to your sustainability goals. 
  • -Exploration of fixed vs flexible contract terms.  
  • -Full transparency on current supplier offering on renegotiation, value added services, and fees.  
  • -We are on-hand to discuss contract terms and answer any questions you may have related to the comparison.  
  • -Flat fee options are available for low consumption users. 

Contact Smarter Business To Optimise Business Energy Renewals 

Contact us today for a premium, professional service around your business energy contract renewals.    

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