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COVID-19 WARNING TO ALL BUSINESS ENERGY USERS
updated 07th July
We've sadly been getting reports of businesses receiving calls from energy consultants offering way's to get through this period of uncertainty we're all facing by suggesting you agree to special new Covid-19 energy contracts - it's all BULL.
We urge you NOT to agree to anything over the phone, no matter how good it may sound if fact we'd never suggest you ever agree to an energy contract over the phone full stop, get a written copy and check everything before signing.
In the last week several energy suppliers including some of the big boys have stopped accepting acquisitions (new business) from certain business sectors, you've guessed it, all the sectors who are suffering the most already! This will result in less competition and potentially price rises but there's still plenty of suppliers out there who can look after you and offering great deals this week.
More concerning, I'm hearing on the grapevine that electricity suppliers are bracing themselves for all time high FiT costs, I won't get too boring but basically if they have to pay these costs it will reflect in your prices later on (especially if you have a Half Hour Meter) so if you can fix a contract now while prices are still low it may make sense.
Final point is to remind you to check when termination is due on your energy contract, miss these dates and you could get rolled onto an new expensive contract.
If you have any questions or need any assistance I am available 7 days a week to provide free, impartial advice without the bull.
We're all in this together, stay safe.
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If you use LPG either in bulk or cylinders we can now secure some fantastic rates for businesses. You could be looking at 10p per litre less than the big three.
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ENERGY CONTRACT TERMINATION
Something that catches out many businesses is submitting notice to terminate your contract in time.
Sounds simple enough but many suppliers only allow you a small window of time to notify them before the contract end date.
Example below from one supplier:
"Notice must be given 120-90 days before your CED" "Should you not terminate then your contract will renew as per statement of renewal rates for a period of 12 months"
If you don't terminate you could be rolled over onto a new contract as above and at much higher prices.
We will make sure this never happens to you.
VERBAL ENERGY CONTRACTS
A vast proportion of mis-sold over priced energy contracts originate from call centre style energy consultancies.
Never agree to an energy contract over the phone.
You'll receive written or electronic contracts from us giving you time to review everything.
PAYING TOO MUCH VAT