Unlike the residential market, it’s not straightforward to simply change to new energy rates in the business market. Every business tariff is for a fixed length of time for at least 12 months. Some contracts are for three years or more, and you’re tied to this agreement until it expires.
Unfortunately for business contracts, if you don’t terminate your existing agreement, your current supplier will extend it for another year.
If you don’t terminate your contract, you’ll see substantial increases in your unit price and standing charge.
- You only have a specific time to invoke the termination.
- If you don’t terminate, your contract will be rolled over for a further 12 months.
- An expired contract with no new agreement invokes “out of contract” rates.
If the termination goes ahead, but you haven’t signed a new contract. In these circumstances, you’re in no contract at all, and the energy companies have special rates that they will apply.
These are termed “out of contract” rates, and these are even higher than the rollover rates. These tariffs are the most expensive available and will be paid until you sign up for a new contract.
Most business and commercial customers have energy contracts for fixed periods lasting one year or longer. Within the contract wording, will be a specific period of time when you can invoke termination and switch to another supplier.
These terms are also shown in your renewal letter that is sent by some suppliers. If you miss these deadlines, you’ll be automatically rolled over for another year.
Applai Energy will find cheaper deals through our extended relationships, we understand which company offers the best prices for your profile. We manage the whole process on your behalf.
Why switch energy suppliers with Applai Energy?
- Simple process: provide your key details, receive quote and save
- Personal service: your own dedicated switcher
- Never lose out: we keep track of your contract renewal date so you always get the best deal
Our dedicated team of switchers is ready to do all the hard work for you, ensuring your energy bills are as cheap as possible.
Getting a quote from us is fast and easy: our switchers scour the market to find the cheapest commercial energy tariffs possible. If you’re happy with the money we could save you then your switcher will switch you to the cheaper energy supplier, taking care of all of the paperwork for you.
We’ll guide you through the process from start to finish, leaving you in control. We deal with the details so you can get on with doing what you do best: running your business.