Moving in or out of a business premise can be a stressful time. Factoring in the energy contracts as well can feel time consuming however, our below guide will help streamline the process.
Moving out?
When you move out of a property your energy contracts end on the day you move.
On the day you move out, take a photo of the meter reading from both your old and new property and give them to your old and new suppliers. Providing the suppliers with meter readings will ensure the final bill at your old property is accurate and the contract at the new property commences on correct readings. You might be owed a credit at your old property if you’ve been overpaying on previous bills, providing accurate meter readings will ensure you receive any refund that you’re due.
Business energy contracts are linked to the supply point, when you move out your current deal doesn’t transfer with you to the new site. You can give your current supplier at most a month’s notice of your planned moving date to ensure everything goes smoothly when you do move out. However, the supplier will process the change of tenancy on the day you move out or when they receive your final meter reading, so they bill you accurately.
Moving in?
In some cases, the current supplier at your new property might need to see documentation that proves you are the new tenant. This can involve contacting the previous or new tenant to request proof of the move, this can be in the form of a lease agreement.
When moving into a new property you are not at the mercy of the current supplier at the site. You are flexible to do as you please, you can stay with that supplier, or move to a new one. Sometimes the current supplier at the new site isn’t always the best option for you, here at Utility Trade we can help determine that for you.
Deemed rates
When you move into a new property without signing a new energy contract, the supplier will move you onto deemed rates. These rates can be at least double the cost of a contracted rate, so in most cases they are exceptionally expensive for your business. It is extremely important that you act quickly with your new contract to ensure you are not hit with high bills.
If you need further assistance, contact one of our advisors today!
📞0116 366 7981
📩 [email protected]
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