Member Article

Join The Campaign for Cheaper Bills

Businesses are falling into the rollover trap due to the assumption that the Renewal Date of their energy contracts is the last day they have to take action to get a better deal on their energy. The result being that businesses are being auto renewed for a further 12 months on rates that can be over 30% higher than alternatives available on the market. In recent times I have come across businesses rolled into prices as high as 16.7 pence per unit and stuck there for another year.

The reason being that many suppliers require a notice that customers intend to change upto a 120 days before the renewal, if they don’t get notified or receive a termination notice before this window you are under contract and simply cannot change. 4 months!! before your renewal date. Sounds crazy but it’s true and it is legal.

Billsmadecheaper urge businesses to check their renewal dates and terms and conditions to stop this happening, after all we all know the benefit of shopping around or letting a broker work the market for you. We automatically provide this service for our existing customer via our renewal reminder service and invite all businesses to do the same.

So don’t get rolled get a broker like Billsmadecheaper or at the very least speak to your supplier and get the dates in your diary. Contact Billsmadecheaper.com on 0800 156 0533 for free advice and or a quote today.

This was posted in Bdaily's Members' News section by Dave Sumner .