A new advice guide to business energy purchasing shows how business can be caught out when renewing their energy contracts because they leave it too late.
Salford, UK (PRWEB UK) 23 December 2013
The traditional frenzy of April electricity contract renewals may seem a long way off, but energy buyers who put off this vital task could cost their business dear. That’s the warning from independent energy purchasing and management consultancy ENER-G Procurement, which is urging companies to act now in order to avoid being hit by higher bills.
ENER-G has published a business energy purchasing buyer advice guide that sets out how organisations can plan ahead for contract renewals to ensure they get the best deal.
Mark Alston, Director of ENER-G Procurement, said: "Energy buying has become a hugely complex task. But, for large energy users, energy bills now constitute one of their highest overheads, behind labour costs. Electricity prices have doubled in the last 10 years and gas prices have almost tripled. So time is of the essence – put off exploring the options and the best deals may have disappeared. Worse still, your business could face being switched to expensive rollover tariffs if the contract expires."
Other factors to consider include the lead time involved in changing suppliers. This process can take up to seven months, to give sufficient time for comprehensive market research, termination notice periods, and so on.
Alston added: "Proactivity certainly pays; the earlier you act, the stronger position your business will be in. Armed with the right data and knowledge, buyers can promote their business as an attractive customer to the best supplier, while last-minute buyers will face limited choices."
Further information: http://www.energ.co.uk/procurement
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/12/prweb11444119.htm