Unfortunately there is no one answer to ‘when is the best time to switch’, especially for businesses, as it all depends on numbers, meters and contract end dates. Despite this, however, it is important to stay on top of your business energy contract, as switching suppliers is one of the easiest ways to save money on your business energy bills.
Switching energy suppliers can be time consuming and confusing, and is often the last thing on your mind when you’re running a business. The Energy Desk (or TED), are here to help you save money on your energy bills!
Why is it important to stay on top of your energy contract?
There are many reasons why businesses fail to switch suppliers before the end of their contract. The most common reasons, however, are; not being given enough notice of your contracts end date by your supplier, or not having a dedicated person to manage your energy contact and suppliers.
It’s all too easy for a business to get trapped into a new contract, which could cost a small business a fortune. Using TED to help you switch energy supplier can help you avoid overpaying on your utilities.
Why is it important to switch energy supplier?
When it comes to suppliers, there is often no prize or discount for loyalty. In fact, the longer you stay with a supplier the higher your bills can become. Most companies give the best rates to new customers, in order to entice them in, and forget about their long standing customers. Which is why switching suppliers can be a great way of saving money on your energy bills.
The trick is choosing a supplier that can take care of all of your business energy needs, while offering you a little something extra. Suppliers change their offerings and prices yearly, so it is worth doing your research each time you’re looking to renew or change a contract.
A huge 1.2 million businesses are thought to be overpaying for their utilities – are you one of them?
Is switching the only way to save?
If you’re happy with your current supplier, the best thing to do is explore all of their different tariff options. If you’re unsure how to go about this, or how to know if the company really are giving you their best deals, talk to TED.
So, when is the best time to switch energy supplier?
There will be a specific window of opportunity that your business should utilise to find a new energy supplier. This can vary from supplier to supplier, but is usually around 2 months before your current contract is due to end.
You need to be aware of when your contract ends, as a business energy contract is a legally binding agreement between yourself and the supplier. Leaving a contact too early, or even too late, can result in your business facing charges. So it’s always best to wait for the renewal window.
Switch Supplier with TED
Are you ready to switch business energy supplier, or just after some more advice. Then contact The Energy Desk today. Our team can help you make well informed decisions that will have a positive impact on your business.
The Energy Desk also provide a wide range of cost saving alternative energy services.
If you would like to find out more about cost-effective, low-carbon energy sources for your business then get in touch with our expert team today on 0845 838 9830, or alternatively you can also contact us online and an adviser will get back to you at your earliest convenience.