Navigating the world of business electricity can be overwhelming, especially when it's time to switch providers. But don't worry, we're here to guide you through the process and ensure a smooth transition. Timing is Key. Your current supplier will send you a renewal notice, typically 30-45 days before your contract expires. However, it's wise to start shopping around for better deals 4-6 months before your expiration date. This gives you ample time to compare offers and secure the best business electricity prices. Remember, the market is competitive, and there are numerous suppliers vying for your business.
Credit Requirements for Business Electricity
When you sign up for business electricity, it’s like a “post-pay” agreement. You use the power first, then get billed later. Since the supplier is responsible for the cost of your electricity even if you don’t pay, most will run a credit check on your business.