Your energy contract renewal checklist

Most businesses only think about their energy contract when a renewal letter lands. By then, the best options may have gone. Here's a simple checklist to work through.

The checklist

1. Know your end date and notice period. Many contracts need written notice, sometimes months in advance.
2. Start 6 to 12 months out. It gives you time to watch the market and fix a price when it suits you.
3. Look at your usage. Half-hourly data shows when you use power, which helps you pick the right contract and spot waste.
4. Choose fixed or flexible. Fixed gives budget certainty. Flexible can suit larger users happy to take some market risk.
5. Ask what your broker earns. You're entitled to know, and a good broker will tell you in writing.
6. Read the small print. Check standing charges, capacity charges and early exit terms, not just the unit rate.
7. Don't slip onto out-of-contract rates. If your contract ends without a new one in place, you can be moved onto rates that are much higher.
8. Check your bills while you're at it. Errors such as estimated readings or the wrong VAT rate are more common than you'd think.
9. Think beyond the contract. The cheapest unit of energy is the one you don't buy, so it's worth looking at solar, efficiency and monitoring too.

How we help

Send us a recent bill and your contract end date, and we'll check what you're paying, spot any errors and show you your options.

Find out more: Energy & water procurement