Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

ENER-G plc

02 Mar 2012 02:03:21

Free guide helps businesses avoid costly mistakes on energy contract renewals



Mark Alston, General Manager, ENER-G Procurement
A free 'Quick Guide' has been launched by ENER-G Procurement, the independent energy broker of the ENER-G group, to help organisations avoid making costly mistakes on renewing energy contracts.

The guide advises organisations how to avoid falling foul of expensive 'out-of-contract' and 'deemed rates', which sting many businesses each year.

All business customers must either re-negotiate their contract or give adequate notice to terminate their services prior to a contract end date, serving up to 90 days' notice. Failure to do so can result in over-inflated, uncompetitive 'out-of-contract'’ or ‘extended/deemed rates’ until a new deal is struck.

With the busiest spring electricity renewal period fast approaching, ENER-G is advising organisations to act now to avoid financial penalties and the prospect of being locked in to an uncompetitive contract.

The Quick Guide explains how and why the penalty charges occur and how to correctly manage existing gas and electricity supply contracts to prevent being subject to over-inflated energy prices.

“Companies which have contracts renewing between April and July should act now to avoid potential penalties," said Mark Alston, General Manager for ENER-G Procurement.

He added: “Suppliers require between 30 to 90 days’ customer termination notice to switch contract. Many businesses don’t realise this and are leaving it too late. Most organisations faced a 20% increase in renewal costs last year and the upward trend continues, so there is a clear financial imperative to test the market in an attempt to mitigate potential cost increases.”

The ‘Quick Guide to Out-of-Contract and Deemed Contract Rates' is available free to download from: http://www.energ.co.uk/quick-guides


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

ENER-G plc Community



Linked Items From ENER-G plc


  1. Consumers can now reap the rewards of flexible energy purchasing with enhanced risk management...

    10 May 2011


Related Items From Everyone


  1. Payback in less than a year Sabien Technology boiler control system

  2. Just to continue my contrarian view of the world, I have listed the newest blog by Prof Philip...

  3. Windfarm to repower Low Carbon Blog

    A Cornwall wind farm is to treble its renewable energy output after planning permission was...

    12 Aug 2008
  4. Businesses looking to tackle climate change and integrate green technology will face higher taxes...

    15 Nov 2007
  5. The Guardian Green List has revealed that 48 firms classed in the FTSE 100 have published...

    07 Nov 2007



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.