Here we outline the basic things you need to consider before switching energy suppliers, we also suggest you browse through our business energy tips page.
More than a third of small businesses miss out on finding a cheaper business energy supplier when their energy contract expires. Don't let this be you! Failing to act on time could mean you are automatically tied into a new premium priced contract for 12 months, which you can almost guarantee is not you best option.
You need to ascertain your switching window to make sure you don't try and switch too early or too late. Each suppliers terms vary so you will need to find this out yourself. Note, with business energy, gas and electricity contracts are always separate regardless if they are with the same supplier and each will have a different switching window. This information should be detailed in the contracts under 'Termination'. Typically the earliest you can switch is between 3 - 6 months before your contract end date. The latest you can switch is determined by your 'notice period end date', typically between 1 - 6 months before the contract end date.
It is down to you to terminate your existing supply contract and it is important that you send your contract termination notice on time. Failure to do so could result in you automatically renewing. Below we have provided downloadable templates for you to terminate your respective business gas and business electric contracts. Remember that your gas and electric contracts will be separate contracts even if they are provided by the same supplier. You will need to print these off and send them to your respective gas and electricity suppliers notifying them of the switch. These termination letters need to be in before the 'notice end period' dates from your current contracts to avoid your application being declined.