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Is your fixed energy tariff ending? Learn essential steps to manage energy costs, avoid expenses, and secure the best new tariff for your business efficiently.
Energy costs are a significant part of any business’s overhead, and managing these expenses effectively is crucial.
If you find yourself in the position where your fixed energy tariff is ending, you might be wondering what steps to take next.
This blog post will guide you through the essential actions to ensure your business continues to manage energy costs efficiently and avoids any unnecessary expenses.
Simply put, a fixed energy tariff is an agreement between your business and your energy supplier that locks in the price you pay for energy for a specified period, usually ranging from one to three years.
This means that no matter how much the market prices fluctuate, your energy rates remain constant.
Fixed tariffs offer predictability, which is invaluable for budgeting and financial planning.
They protect your business from sudden spikes in energy prices, providing a stable cost structure that makes it easier to manage your finances.
If you are on a fixed energy tariff and your contract is about to end, what you do next can significantly impact your energy costs.
Here’s a step-by-step guide to help you navigate this transition smoothly:
When your fixed energy tariff is ending, taking proactive steps is essential to maintain control over your energy costs.
By reviewing your current contract, comparing new options, assessing your consumption, negotiating with suppliers and planning for the future, you can ensure that your business remains energy-efficient and cost-effective.
Remember, the goal is to find a tariff that provides the best balance of cost stability and flexibility for your business’s unique needs.
By following these steps, you can navigate the end of your fixed energy tariff with confidence and continue to manage your energy expenses effectively.
Navigating energy tariffs can be complex, and EIC Partnership is here to simplify the process for UK businesses.
As a leading energy and utility consultancy, EIC Partnership offers expert advice and comprehensive services to ensure your business secures the best energy deals.
We can help you find the most competitive tariffs, by leveraging our extensive supplier network. Afterwards, we handle contract renewals and negotiations, ensuring you always have favourable terms.
We will also carry out extensive energy consumption analysis—detailed insights into your energy usage to help you make informed decisions and identify savings opportunities.
Moreover, our expert team monitors the market continuously and keeps you updated ahead of industry changes.
EIC Partnership tailors its services to your business’s unique needs, whether you’re a small business or a large enterprise. Our expertise allows you to focus on your core operations while we manage your energy needs efficiently.
Partner with EIC Partnership to ensure a smooth transition when your fixed energy tariff ends and secure the best energy options for your business.
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Read MoreEIC stands out from other energy consultancies because we’re completely independent.
This independence allows us to offer supply options from a wide range of energy suppliers, all of whom are unrelated.
Our energy advice is unbiased, giving you the freedom to make informed decisions for your business.
We have a proven track record of skilfully negotiating cost-effective contracts, ensuring you consistently get the best energy prices when you partner with us.
If you’re already working with an energy consultancy, it’s a good idea to start exploring your options well in advance, preferably 18 to 24 months before your current supply contract expires.
It’s essential to distinguish between your energy supply contract and your energy consultancy agreement.
You have the flexibility to switch your energy consultancy while keeping your current energy supplier intact.
Our comprehensive account managed service provides our clients with peace of mind throughout the entire energy procurement process.
When you choose our fixed energy procurement service, we’ll assign an account manager to you, someone equipped with the expertise and abilities to provide a customised solution that aligns with your unique needs and requirements.
The professionals who make up our dedicated procurement team are well-versed in resolving inquiries and skilled in engaging with energy suppliers to negotiate contracts on your behalf.
The timing for transitioning to a new energy contract is flexible; you aren’t bound by a fixed schedule or renewal date.
Given the ongoing high volatility in the global energy market, it’s increasingly crucial to look beyond traditional renewal dates when contemplating a new contract.