Business Change of Tenancy
Moving to a new premises?
If your business is moving into new premises, it’s vital to ensure you’re on the right energy deal.
With so many tasks to handle during your move, it can be easy to forget about your energy supply. However, failing to switch to a new deal could leave your business facing expensive gas and electricity rates.
Here, we take a look at how you can stay on the right business energy deal during a change of tenancy.
How is my energy supplied when I move to a new building?
When you turn on the lights for the first time in your new premises, the previous tenant’s business energy supplier provides the electricity.
The previous tenant should have told their commercial electricity and gas supplier that they were moving. So, hopefully, they will know! But you should still contact them as soon as possible upon moving in and give them your meter readings. This will ensure you only pay for the electricity and gas you use.
The existing business energy contract stands until you change to a new business energy supplier. You will have access to gas and electricity, but as you are not in a contract, they will charge you very high ‘Out of Contract’ rates.
What are Out of Contract energy prices?
When you move into your new premises and you haven't got an energy contract sorted, you aren't stuck in the dark. The previous tenants energy supplier will still provide you with electricity and gas, but because you're not in a contract you'll be charged extremely high prices, known as an 'out of contract' rate. Now is your opportunity to find the best deal on the market and get the cheapest energy prices available, you're not restricted to the previous tenants supplier either.
Can I transfer my existing business energy tariff to my new premises?
This is often not possible but speak to your current business energy supplier to check. Most likely, you will need to take out a new contract.
You can do that with Love Energy Savings and compare business energy prices today. We search all the major business energy tariffs to find the best deal for your company.
Do I always pay more for energy when there’s a Change of Tenancy?
A change of tenancy doesn’t always mean you’ll pay outrageous prices. We can set up your new energy contract before you move in. Or if you get in touch on the day you move in, we can set you up with great gas and electricity prices quickly and easily.
By comparing energy prices with us before you move into your new premises, you can arrange for your energy deal to start from the day you move in. This can give you peace of mind that you will avoid any nasty surprises when you receive your business energy bill.
What details will I need to set up my new contract?
You just need the address of your new property and the day you are moving in and we can do the rest. It’ll make our job easier if you know your MPAN and MPRN, but you can still compare the latest business energy quotes without them.
How can we sort out my high Change of Tenancy energy prices?
If you’ve moved premises and you’re facing expensive energy bills, you should compare energy prices as quickly as possible. With Love Energy Savings, you can compare the latest prices online in as little as 60 seconds.
Once you’ve found the right tariff for your business, our experts will handle the rest. We’ll even be in touch with you towards the end of your contract to ensure you stay on the best tariff available.