Most businesses are unaware that they can review their commercial supply contract up to
6 months
before their current contract end date.
The Importance Of Renewing Your Business Energy Contract
Lock in Savings: Energy prices fluctuate, but renewing early could secure a competitive rate, potentially saving you substantially over the contract term.
Uninterrupted Operations: Timely renewal ensures reliable energy supply, preventing operational disruptions and delays.
Budgeting Ease: Knowing your energy costs upfront allows accurate budgeting and resource allocation, avoiding financial strain.
Go Green: Explore renewable energy options that reduce your environmental impact while aligning with sustainability goals.
Avoid Default Hikes: Missing the renewal deadline often leads to exorbitant default rates from providers, spiking your energy expenses.
Leverage Expertise: Work with energy specialists who can analyse your usage patterns and negotiate the best rates and terms on your behalf.
WE ONLY WORK WITH ACCREDITED SUPPLIERS WHO WE TRUST TO PROVIDE A GREAT SERVICE
Renewing Your Business Energy Contract
Renewing your electric or gas contracts can help your business massively save on utility costs. Reshape Energy provides services that allow any business to quickly and easily renew contracts without the hassle.
We understand that businesses need to focus on their core activities, and energy management can be a time-consuming and complex task. That's why we offer a hassle-free service that takes care of everything from start to finish, so our clients can focus on what they do best.
DEDICATED ACCOUNT MANAGER
We're committed to providing personalised and seamless support every step of the way. When you partner with us, you'll be assigned a dedicated account manager who will be your go-to resource for all of your inquiries.
Your account manager is not just an expert in the field, but also your advocate, ensuring any questions, concerns, or adjustments you may require are met efficiently and effectively.
What are 'Out of Contract Rates?'
Not renewing your energy contract before it expires means going 'out of contract.' It's an easy thing to let slip through the cracks when you're juggling other business priorities.
Suppliers will notify you about your contract's expiration, but if a new contract isn't agreed upon in time, your pricing may automatically double or even triple.
Don't worry; you're not locked into these high rates. You have the freedom to enter a new contract, either with your existing supplier or a new one. Contact us, and we'll help you find a new, more favourable contract.
If you initially secured your contract through our services, we'll reach out when the renewal window opens, six months before your contract ends. If you're not ready to review your contracts yet, we'll schedule a follow-up call before the end date to ensure timely renewal.
What types of business electricity tariffs are available?
Fixed Rate Tarrif
With a fixed tariff, businesses pay a locked rate per kilowatt-hour (kWh) of electricity used throughout the contract duration, which can extend up to five years. This shields them from potential price increases during that period.
Flex Approach Tariff
With a bulk buying tariff, large businesses with high electricity consumption prepurchase their entire projected usage at wholesale market rates. This allows them to access more favorable rates by buying in bulk upfront.
Variable Rate Tariff
A variable rate tariff means businesses pay a unit rate tied to wholesale electricity prices, allowing them to benefit from price dips. However, this also exposes them to potential rate increases, as the amount charged per kWh fluctuates with the market.
Pass-Through Tariff
For these tariffs, your bill has two components: a fixed electricity unit rate for the contract duration, and variable charges like Transmission Network Use of System (TNUoS) fees. They benefit businesses that actively manage their electricity tariffs and costs.
Extended Tariff
If a new electricity contract isn't secured, businesses may be placed on a one-year legally binding extended contract, often with higher unit rates. This could potentially prevent them from switching to a cheaper deal during that period.
Deemed Rate Tariff
Failing to secure a contract with a supplier results in paying deemed rates, typically the market's highest. Locking in business electricity rates through a contract shields against these expensive out-of-contract rates.
Which is the best supplier for me?
Finding the best supplier for your business isn't always just about cost savings. At Reshape Energy, we take into consideration all of your requests and priorities.
When evaluating potential energy providers, our specialist team thoroughly compare environmental impact, price stability, customer service, and overall cost-effectiveness.
Our goal is to ensure that you are empowered to choose an energy supplier that meets your business needs and values.
3 SIMPLE STEPS TO SAVE
We understand the obstacles you can face when trying to the best energy deal for your business and have listened to your previous experiences with other providers.
We’ve streamlined these onerous processes to reduce quotation timescales. We are dedicated to providing exceptional customer service and take pride in our commitment to transparency and honesty.