Free guide
The Business Owner's Guide to Understanding Your Energy Contract
1. Know your contract type
Fixed contracts hold your unit rate for a set term. Variable contracts can change with the supplier's pricing. Deemed contracts apply when no agreement is in place and are often the most expensive.
2. Understand your rates
Your bill shows a unit rate (pence per kWh) and a daily standing charge. Together with non-energy charges, they make up your cost. Comparing only the unit rate can mislead.
3. Find your key dates
Note your contract end date and your notice window. Missing the window can roll you onto a new term automatically.
4. Check your usage
Compare this year's usage with last year's. Unexpected changes are worth investigating before you renew.
5. Ask before you sign
Ask how any adviser is paid, what the term and exit fees are, and what happens at the end. A good adviser answers without hesitation.
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