5 Tips for renewing your business energy contract

Article posted

25th Apr 2023

Read time

4-8 min read


Mollie Pinnington

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In the fast-paced world of business, every penny counts. With the recent rise in energy costs, it is now more important than ever to find ways to cut down on expenses. By taking steps to reduce energy usage, your company can save a significant amount of money in the long term.

As one of the biggest expenses for businesses, it's understandable why many strive to cut their energy spending. However, it's surprising that despite this aim, only one one-third of businesses actively search for better deals before switching their energy provider. Even more concerning, many businesses simply allow their existing contracts to roll over without checking if they could be saving money elsewhere. With such a high potential for cost savings, it's concerning that businesses aren't doing more to improve their energy costs. It's time for your business to take a more proactive approach to lower its expenses and consider its options in the energy market.

Below we have put together some of our top tips to ensure your business does not overspend on its energy bills:


Keep on top of your contract coming to an end

We've all been there, so caught up in the hustle and bustle of daily life that we forget important dates. Unfortunately, forgetting your energy contract end date could end up being a costly mistake. It's essential to keep this date in mind as a reminder to switch your energy bills. Failing to do so could mean your contract ends up going over, leading to much higher bills. Don't let a simple oversight wreak havoc on your finances. Instead, mark your calendar and make sure to keep an eye on when your contract ends.


Look at prices before you renew with the same supplier

Do you ever feel like you're paying more than you should be for your business's energy bills? Well, it turns out many businesses aren't taking advantage of the options available to them when it comes to renewing their energy contracts. By simply staying on a rollover contract with your current supplier, you could be missing out on the opportunity to save money by finding lower rates from elsewhere. Don't get stuck with higher rates just because it's convenient. Taking the time to shop around for new contracts could lead to significant savings for your business.


Don't go on to a rollover contract

As a new business owner, finding the right energy supplier can make or break your budget. That's why suppliers tend to offer the most competitive rates when signing up new customers. However, the catch is that these rates may not be the same after the initial contract expires. In fact, if you opt for a rollover contract, chances are you'll be stuck with the supplier's highest rates. This is where loyalty doesn't always pay off. To avoid costly surprises, it's important to research and compare energy suppliers and to be aware of the terms and conditions of your contract.


Switch suppliers if you are moving

Moving into new premises can be the best time to switch to a better energy contract. Amidst all the changes you are going to have to deal with whilst moving don't ignore your energy bills. Don't rush off just yet because switching suppliers can be complicated, especially when moving to a new location. If done incorrectly, you may end up paying for energy for two premises. Therefore, take your time and research the new suppliers in your area to make an informed decision. A bit of legwork now will lead to significant savings in the future!


Let Resolve Energy save you money

Are you tired of spending hours researching different energy contracts? Well, you don't have to anymore. Let Resolve Energy do all the heavy lifting for you, while you focus on the more important aspects of your life. With our years of experience in the industry, we are committed to finding the best energy solutions for our clients. We understand that your time is valuable, which is why we take care of all the background work, so you don't have to. Trust us to find you the best energy contract that fits your needs and budget. Contact us today and let us help you.

If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.

Looking to pay less on your energy bills?

Get a free quote today