This will provide you with an opening offer for your next business energy contract. It is important that you don’t leave it too late so that your only option is to accept this offer, as inevitably it will not be a competitive one.

Presently if you don’t act on your renewal letter then you’ll automatically be tied into a new premium priced business energy contract for a period of twelve months, and we can almost guarantee that this will not be the best deal for you.

Don’t run the risk of getting tied into a new business energy contract automatically – make sure you check the notice period and submit your termination notice on time.

After you arrange a switch, send written notice to your current supplier, advising them you will be terminating your current business energy contract on the contracted end date.

You not only need to be careful not to be too late in sending your termination, but you also need to be careful not to send your termination notice too early!

There is absolutely no cooling off period available after signing up to a business energy contract – the only way out of it is moving properly. We can’t stress enough that you should do some homework before signing up to a business energy contract.

If you are offered a good business energy deal with a smaller supplier, then please take it. Don’t agonise about the size of the company or whether you’ve heard of them before. If they are offered on our platform then they can be trusted. The likes of Clear Business and Opus Energy and so on have become key players in the competitive market, shaking up the behaviours and offerings of the more traditional players.

It is very rare, but if your energy supplier was to go out of business – big or small - your supply will continue, and you’ll be looked after by the OFGEM under the Supplier of Last Resort scheme.