Resist expensive energy contracts

Companies facing April renewals for their gas or electricity need to act now warns a Manchester based energy adviser, Utility Auditing.

Don't get locked into expensive energy contracts.

With rocketing energy prices, most businesses will want to shop around for the best deal when their contract renewal is due.

But some could find themselves locked into uncompetitive contracts.

Companies facing April renewals for their gas or electricity need to act now warns a Manchester based energy adviser.

"Energy suppliers require between 30 to 90 days' customer termination notice to switch contract," says Paul Backx, managing director of Utility Auditing.

"Many businesses don't realise this and are leaving it too late to find a more competitive alternative".

"Energy prices have virtually doubled in the past two years so there is a clear financial imperative to test the market in an attempt to mitigate the cost increases." Added Mr Backx: "Some companies are panicked by the prospect of terminating their contract in the belief that their supply will be prematurely cut off".

"We would advise them to serve notice while they consider their options, even if the best deal at the end of the day is to re-contract with their existing supplier".

"At least this gives them the time to test the market without fear of being locked into an expensive deal with an uncompetitive supplier".

Utility Auditing offers companies a free energy assessment to identify the most cost effective solutions for energy and gas and provides guidance on the right tariffs and supply capacity to suit a company's precise needs.

Eligible companies can also access government funded Carbon Trust surveys to help cut costs through improved energy efficiency.

For further information contact Utility Auditing.

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