If you don’t act on your business renewal letter and source a deal that’s tailored for your business then you’re at risk of overpaying for your commercial energy.
Many businesses, regardless of size, often find that they’ve forgotten to renegotiate their business energy deal and have moved onto the variable rate. This means that the cost of energy per unit will rise unnecessarily.
At eyebright we engage regularly with our clients to ensure they’re never knowingly out of contract, ensuring we’re saving you time, hassle and money in the process.
Received your renewal offer?
You may have received your renewal offer from your current supplier and been surprised by just how much the cost has increased. This prompts many companies to reach out to eyebright for our expertise in sourcing a more affordable deal. Whilst energy prices regularly fluctuate, you don’t want to overpay for a service when you don’t have to.
Micro sized businesses are legally obligated to be informed when their contract is close to expiring, alongside their energy usage and the difference between their current rate and their renewal offer. However, there is no obligation for utility suppliers to offer the same service for medium to large organisations. That’s why some of our larger customers trust our expertise and technology to manage their energy contracts.
At eyebright we believe an energy tariff should be customised to the needs and demands of your organisation. Therefore, we consider the current market conditions and forecast what’s going to happen with prices, understand your short to medium term expectations and help to secure a rate that’s tailored to your business plan.
What should you do?
Once you receive your renewal offer it’s important to speak with an industry professional. Many websites will give you a price for your next energy deal, but there are more factors to consider, such as how long should you fix for? What’s your credit rating like? Would your business benefit from flexible energy solutions? If you don’t renegotiate your current contract then you could be paying up to 70% more for your energy in an out of contract rate. Generally, we are able to help businesses save 25%-35% on their renewal price.
You can start renegotiating your contract around 90 days before your current deal ends. For our existing customers we manage this process in advance, constantly considering market conditions and when the right time to agree a new deal will be.
As a new partner, the first step at eyebright is to have a 15 minute conversation with an eyebright energy consultant who will assess your needs, business objectives and request a copy of your renewal offer / recent bills. They will then begin sourcing energy tariffs that meet your expectations and report back their findings.
You can then consider your options, take advice from our experienced advisers and when you’re ready, instruct us to proceed on your behalf. This will save you time and effort liaising with your current and future supplier as well as saving you money on your next deal.
Throughout the term of your contract, we’re by your side to offer expert advice, market updates and support should there be any issues with your bills or service.
Take control of your business utilities
We empower our customers to take control of their business utilities through our experienced advisers and revolutionary technology.
For many customers we can monitor your energy consumption and help reduce your usage, as well as validate bills and provide a comprehensive end to end solution.
When it comes to renewing your energy contract, we will contact you ahead of time to discuss our recommendations and ensure you’re never overpaying for your business energy.
It’s difficult to find time to renegotiate your energy renewal but once you speak to an energy specialist at eyebright, the easier it will become. Let us manage the process on your behalf, source the best deals from the top suppliers in the market and report back to you. Our supplier panel comprises of over 30 commercial suppliers including all big six to ensure a robust methodology and procurement process has been followed. Our panel of suppliers is carefully selected and our experienced team of Directors assess the suitability of each, which is why of all the recent energy providers that ceased trading, we were only recommending one.
To find out how much time, money and hassle eyebright could save you, please complete our enquiry form below and one of our experienced advisers will be in touch to help assist you.