Things To Know About Energy Contract Renewals

Energy contract renewals can be tricky for both domestic and commercial energy users. Before you can renew or extend your energy contract, it is important to ensure your energy supplier allows any such extension or renewal. If it is allowed, you have to follow the laid down procedure to renew your contract for the energy supplies. You may need some professional help to choose the right contract because now the utility companies offer different types of contracts to different groups of energy users. You will miss on some advantages if you apply under the wrong group.

You have a choice to not extend or renew your energy contract. Once you have decided to renew it, read all terms and conditions of a contract before proceeding to apply for it. At some places, the government’s energy departments do not regulate the energy contract prices. Utility companies are no longer allowed to renew the contract automatically without getting permission of their customer.

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