The Week’s Top Energy News – Halloween edition
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Moving into new business premises can be stressful, so it’s easy to overlook tasks such as arranging a new energy contract for new site. Unfortunately, failing to do so can lead to you paying much more for your gas and electricity than is necessary. To help you avoid any unpleasant surprises, we’ve put together a short guide which outlines what you need to do about your business energy when you’re relocating.
Before you vacate your current premises, it’s important to let your current energy supplier know when you’re leaving. Try to give them a reasonable amount of notice – a month should be enough. This, along with taking your final meter readings on your last day at this address, will make it easier for your supplier to charge you accurately for your final energy bill.
Make sure you give your old supplier your new address in case they need to contact you about your final bill after you move. This bill may need to be paid after you’ve relocated, so if you were paying your bills by direct debit, it’s a good idea to avoid cancelling this until you’re sure you’ve settled any outstanding debts.
It’s advisable to arrange an energy contract for your new premises before the relocation takes place. If you don’t, you could end up paying deemed contract rates once your business has moved, as the previous occupant’s energy provider will most likely continue to supply energy to the premises. You’ll pay much more for this energy than you would if you’d negotiated a formal contact – perhaps even twice as much.
You may be able to carry your contract from your previous premises over to the new address. If you’d like to do this, ask your supplier about it when you let them know your business is moving.
Alternatively, a change of premises can be a great opportunity to shop around and find the cheapest energy tariffs available to your company. SwitchMyBusiness.com can help you find the best deal in the least time-consuming way possible. Why not start comparing prices using our free online quote tool, or call 0800 411 8830 to discuss your options with one of our experts?
When moving to new premises, there’s a small chance the site may not be connected to gas and electricity supplies. This is something you should check as soon as possible.
If you’re moving into previously occupied premises, the last tenant may have had their energy supply disconnected. If this is the case, you might need to pay reconnection fees before your supplier will provide you with gas and electricity.
Similarly, if you’re moving into brand new premises which have never had a business energy supply before, you may have to pay initial connection fees.
If neither of these issues arise, you simply need to make sure you take a meter reading as soon as you move into the new site and give this to your new supplier. This will ensure you don’t end up paying for any energy used by the previous tenant.
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