What happens to my energy supply when my business changes premises
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Moving your business premises can be a stressful and time-consuming experience. With so many things to think about and organise, arranging new business energy contracts may not be at the top of your to-do list. However, failing to do anything could end up being a costly mistake. Here we will look at what happens to your energy supply when your business changes premises, and what you can do to avoid any problems, and ultimately save time and money.
Moving Out
Your current energy contract will end on the day you move out. In order to get an accurate final energy bill, you should give your supplier reasonable notice that you will be moving premises. Usually, you should tell them at least a month before you leave to ensure everything goes smoothly.
On the day you move out, you should make sure that you take a reading of your gas and electricity meter to show your supplier. This way you will receive a more accurate final bill. It is also a good idea to take a picture of your meter reading to use as evidence in case any disputes arise.
If you are renting your property, you should inform your landlord of your meter readings. It is also useful to help the next tenants by informing them which energy company you have been using. You can do this by leaving a note on the meter, or by telling your landlord or estate agent.
You also need to make sure that you give the address of your new premises to your old energy supplier. This way they can contact to you to finalise any outstanding bills, and you can be confident you won’t have anybody chasing you to settle any debts.
Moving In
If you choose to continue using your current supplier in your new premises, you need to let them know your new address and the date that your lease or ownership begins. This is so your energy supplier can check if they are already supplying your new premises or not, and make the changes accordingly. In some cases, you may need to show proof of the move to your supplier, such as a Premises Licence.
When you move into your new location, you may find that the previous tenants had disconnected their energy supply. This could be due to them cancelling their contract or failing to pay their bills. If it was disconnected due to debt, this could cause problems for your business. To reconnect, your supplier may ask for a reconnection fee and a deposit, and this may be used to cover the previous tenants’ debt.
In some cases, you may find that your new premises has not yet been connected at all. This is more common when moving to a newly built location. If this is the case, you will be charged a connection fee. You should check with your suppliers how much any fees would cost before moving.
Find the right energy contract quickly
You shouldn’t wait until you’ve moved into your new premises before starting to look for energy deals. If you don’t sort it out beforehand and you move into your new location without an energy contract, you will be charged deemed rates. These rates will almost always be higher than normal, and will apply until you set up a new contract.
You could also be faced with out-of-contract rates if you don’t set up a new energy deal quickly enough. These are even more expensive than deemed rates – you can sometimes be paying over twice as much for your energy bill. So to prevent yourself from being overcharged, try and find a cheap energy deal as quickly as possible and ideally have everything in place before you move in.
Ignore Cold Callers
When moving your business premises, many energy sales companies may try to contact you to secure a contract. This can be irritating, but it can also be tempting to listen to them to see what they can offer, especially if you haven’t yet chosen your new energy supplier. However, a lot of these calls have been found to be fraudulent, so you should only talk with suppliers that you trust and that you have contacted yourself.
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