When Should You Switch Business Energy Suppliers?
If you want to switch your business gas and electricity supplier, you can usually do this at any time. However, if you switch mid-contract, your energy supplier will expect you to pay a large penalty fee.
This means that the best time to find a new contract is during the switching window. This “window” refers to the period when you can start to compare business energy deals and sign up with a new provider without incurring penalty fees.
The duration of the switching window varies between contracts and providers. The first step is to check your business energy contract or speak to your supplier directly to find out when it begins. Generally, the window opens between one and six months before your contract end date.
If you sign up with a new energy supplier during the switching window, your current business energy contract will still be in place until it expires. At that point, your new contract will begin immediately. This prevents you from paying the default rate set by your old supplier.
All business energy contracts allow you to switch business energy supplier during the switching window. Your business energy supplier will usually let you know once you’ve entered the window, but this isn’t always the case. Double-check to confirm when the window starts for your current contract.