Your contract end date is important because it tells you when you can terminate your current contract and switch to a new deal.
If you fail to organise a contract renewal, termination or supplier switch before your contract ends, you could be placed on expensive out-of-contract rates or even be rolled over onto another contract for another term. Once your contract has been rolled over, it can be difficult to get out of it.
Many businesses face unnecessarily expensive energy bills due to failing to switch to a new energy tariff in time. Remembering your contract end date and the required notice period for termination could help you avoid overpaying for your business energy and help you save.
The best time to arrange a supplier switch is during your contract’s renewal window. This is the period when you are permitted by your supplier to terminate your contract and switch to a new energy provider.
Typically, your renewal period can be between one and six months before your contract’s end date, but you should check your original contract or contact your supplier to confirm.