Running a business comes with plenty of responsibilities, and one that often gets overlooked until it’s too late is renewing your energy contract.
Timing your renewal right can save you hundreds, sometimes thousands (depending on the size of your business), on your energy bills each year.
Why Early Renewal Matters
Energy contracts don’t automatically switch to the best available rate when they end. If you don’t act in time, you could find yourself on a more costly contract than what is available elsewhere.
Lock in Better Rates
Starting early gives you more time to shop around, compare suppliers, and negotiate better deals. Energy prices also fluctuate due to market trends, so renewing when rates dip can lock in savings for the long term too.
And thanks to Advanced Procurement, you're able to secure any favourable rates on future contracts ahead of your renewal date - with some suppliers allowing this up to 12 months in advance.
Advanced Procurement won't replace your current contract, but will take effect once your existing contract ends.
When Should You Act?
As soon as your window allowing you to shop around comes into play.
By planning ahead, you can avoid costly surprises and take control of your business energy costs. Mark your calendar, compare your options, and don’t let your contract roll over into expensive territory.
Need help sourcing your new business energy deal? The team at Honest are here to help. Call us on 0191 7208 238 or request your free consultation today.
