It’s a roll-over
Do you know when your current electricity and gas supply contracts end? Chances are, in the hustle and bustle of running your business, it’s slipped your mind. And if you’ve missed the 90-day period you need to give notice of termination, you’re likely to be rolled over into a new long-term contract at a higher tariff. That will mean another year, or more, of over-the-odds bills. It’s called assumptive renewal and it is absolutely legal – there’s absolutely nothing you can do once the deadline is passed. So, by giving notice of termination now, you’ll have suppliers fighting for your custom when your contract ends and also save yourself hundreds of pounds by avoiding a massive and automatic price increase.
Over the coming weeks C-Store will work to keep your energy bills as low as possible by: ● Explaining how you can reduce energy consumption through our ‘Protect your Profits’ features ● Challenging energy providers to demonstrate support for small shops ● Exposing suppliers’ poor service and questionable tactics ● Investigating your complaints against suppliers ● Alerting the authorities to your experiences of anti-competitive behaviour
● Check the termination terms of your current electricity and gas supply contracts ● Inform your supplier in writing that you do not wish to renew the contract ● Contact other suppliers to negotiate a new deal or use a price comparison service