Energy prices tend to change regularly, so the timing to switch energy suppliers can have a huge difference to the energy rates you pay. However, it can be hard for businesses to switch energy suppliers considering that the energy contract may not allow you to do it before its expiry date.
But the due date of the energy contract doesn’t need to determine when you should switch energy suppliers. This is the reason why you have to know how to switch business gas suppliers. This article discusses when you should decide to switch business gas suppliers.
When There Is A Switching Window
It’s worth noting that a switching window refers to the specific time that allows you to compare business energy suppliers and even find a new energy supplier. But the period of the switching window usually depends on the current energy supplier as well as your current type of energy deal. That said, a switching window can begin at least one to six months before the expiry of your current energy deal.
The good thing is that your energy supplier can inform you about the end of your current contract. The correspondence can also come with some information like the renewal offer of the energy supplier. At this point, the energy supplier may not offer you competitive rates. Therefore, it’s important to compare with the rates offered by other energy suppliers before accepting another energy deal.
When the current energy deal is in this switching window, you can contact energy brokers. In this way, they can help you to compare the available energy deals and even negotiate cheaper rates on your behalf. Remember that it’s impossible to switch energy suppliers at this point, though you can agree to have a new deal and even lock in the energy rates to avoid any price increases. It means this new energy deal can start once the old one ends. Also, doing this can prevent the current energy supplier rolling you over to more expensive rates.
You should also avoid relying on your energy supplier trying to contact you for the expiry of your contract. Some energy suppliers don’t bother contacting their customers because they want to roll you over to out-of-contract rates that are more expensive.
When You Relocate Your Business To New Premises
There are many things that you need to focus on when relocating your business to new premises, so switching energy suppliers may not be on your mind. However, this should be the first thing that you need to do before anything else. This is because energy suppliers usually place businesses on a contract called deemed rates. This is especially true when you decide to get a new place for your business, so these rates can be more expensive than the ones you can get from a negotiated energy deal.
Thankfully, you can still switch energy suppliers whether or not you are at deemed rates. You don’t need to give any notice period and there are no termination fees. Therefore, if you intend to move or you have moved into new premises, then you should switch energy suppliers.
