Energy · 5 min read
What happens when your business energy contract ends
Doing nothing can move you to a different rate. Knowing your dates is the first step.
Business energy contracts run for a fixed term. If nothing is arranged before the term ends, many suppliers move you onto a default or out-of-contract rate, which can be higher than the one you were on.
Three dates to find
- The contract end date.
- The notice period, if your contract has one, and how you must give it.
- Any early-termination charges if you want to leave before the end.
Put the end date in a calendar with a reminder well ahead of it. Terms differ between suppliers and contracts, so check yours, and ask in writing if anything is unclear.