It pays to keep an eye on your energy contract end dates as thousands of gas and electricity customers run the risk of rolling onto dastardly out-of-contract rates at the end of April.
While most suppliers require 30 days notice to terminate a contract, some require a huge 90 days notice so you may already be looking at rollover rates if you don’t act fast. As numerous fixed-rate tariffs come to an end on 30th April, customers who don’t switch could be paying an average 9% premium on their annual energy bills.
That’s valuable cash you could be keeping in your own pocket if you’re savvy enough to shop around.
Yet the savings for businesses are many times higher.
Business Juice explains:
“Loyalty simply doesn’t pay when it comes to energy suppliers so take action. As soon as your renewal letter comes through, contact a reputable energy broker to ensure you get the best energy deals for you.”
With the average saving in 2015 of £2,110 and the current electricity and gas markets sitting at all time lows, the energy market is extremely competitive at the moment but only for those who seize the opportunity. So don’t line the suppliers pockets, line your own.