If you don’t renew or renegotiate your energy deal during the renewal period - at the end of your business energy contract - you will be rolled over. Energy suppliers impose these contracts automatically. This means your company will be locked into an expensive renewal tariff for at least a year.
A minimum of two months before your current contract ends, your energy provider will contact you to let you know that a rollover contract will start if you take no action.
If you haven’t negotiated your tariff, you will likely be placed on a monthly rolling contract or a deemed rates contract. These rates are often much more expensive than negotiated rates.
The good news is that you can switch at any time with no exit fees. So, if you find that your energy contract has rolled over, you can compare the latest prices and start your switch today.