Business energy: Don’t get caught out by rollover rates

As a busy business owner, you may feel there are not enough hours in the day to secure your next energy contract. You know you’ll get around to it, but when you’ll get around to it is another matter.

Posted by Inspired Energy

Fri 13th, Mar

As a busy business owner, you may feel there are not enough hours in the day to secure your next energy contract. You know you’ll get around to it, but when you’ll get around to it is another matter. But renewing your gas and electricity supply contracts is something you simply can’t afford to ignore. With rollover charges almost always being seriously poor value, early action is key to securing the best possible deal for your business. 

Lock in early to avoid overpaying

When renewing your energy contracts, suppliers will have you believe that you don’t need to do anything until your contract is almost up, often getting in touch with you to renew around 60 days before your end date. However, you can actually lock in your rates from around 12 months before, and the longer you leave it, the more likely you’ll drop into the variable rate. Plus, due to market increases, it’s in your best interests to get a quotation early in order to secure a lower unit rate. 

SMEs are missing out on price savings

The savings available when looking for a new energy contract can be substantial, so it’s essential to compare providers. While larger businesses tend to be savvy when it comes to finding price savings on their supply, many SMEs are put off from shopping around because the energy market is complex, time-consuming and at times frustrating for business owners. In fact, Ofgem report that over half of businesses have not engaged in the energy market for the past 12 months. *

Our energy experts can take the pressure off by searching the market for you. We work with the UK’s major energy suppliers - plus, because we have significant buying power, we can negotiate the best possible price. On average, we save SME clients around £500 on their renewal quotes.

 

Our experts will do the hard work for you. Get a quote today. Call 01772 689 250 or email partnerships@inspiredenergy.co.uk

www.inspired-referral.co.uk

Leave a comment

How to take back control of your water costs

Fri 13th, Mar

While most businesses already have a comprehensive strategy in place for their electricity and gas consumption, water management is often overlooked.

How to choose an energy consultancy

Fri 13th, Mar

Most business owners recognise the advantages of shopping around for the best energy deal, but without the time, resource and expertise to find the best tariff, it can be an almost impossible task.

Business energy: Don’t get caught out by rollover rates

Fri 13th, Mar

As a busy business owner, you may feel there are not enough hours in the day to secure your next energy contract. You know you’ll get around to it, but when you’ll get around to it is another matter.

Business water matters – Top 3 water saving tips

Fri 13th, Mar

Water is often referred to as ‘the forgotten utility’. While many large businesses are clearly focussed on their comprehensive energy strategies, it seems many are yet to implement a strategy around managing their water usage.

Know where your cloud data is stored or risk a GDPR fine

Thu 27th, Feb

For businesses who have chosen cloud-based data hosting services there’s a temptation to relax and think “great, we’re paying someone else to take care of our data, we don’t need to worry about it any more.”

Transparency plans could slow down region’s business growth

Thu 27th, Feb

Efforts by regional start-up initiatives that have led to Merseyside outperforming the rest of the UK when it comes to business growth could be hampered by new government proposals, a leading legal expert has claimed.

Backup or risk losing your business

Thu 13th, Feb

Maintaining a robust backup is hard work, it’s important to not only build the correct solution for your business and trust your IT support provider to look after it, but to also maintain a sense of urgency as a business owner to...

Information Destruction and Compliant Data Handling in the Education Sector

Thu 13th, Feb

Identity theft costs the UK economy £5.4 billion and a recent BSIA report showed 169,592 cases of identity fraud, representing an increase of 49% over the previous year.

Give Your Business Utilities a Refresh for 2020

Mon 20th, Jan

January is a time for reflection for most people and this includes business owners, with the new year bringing with it an opportunity to take stock of performance during the past 12 months, create goals for the year ahead, and ensure...

The Inspired Energy Journey: Building a Business to Meet Diverse Needs

Mon 20th, Jan

Since its inception back in 2000, Inspired Energy has been working tirelessly to build the most complete utilities management solution available – a solution that can meet the diverse needs of businesses of all sizes and across all sectors.