Avoiding Costly Supplier 'Risk' Premiums:

The introduction of premiums added to energy contract renewals from suppliers could mean your business will be discriminated against simply for operating in an industry such as Food or Hospitality deemed as higher risk...

These extra charges act as an insurance policy for the supplier, while hugely inflating the proposed unit rates and/or standing charges within the contract!

Even well established firms could face added premiums, as many suppliers will decide whether to add one based on information held with Companies House, rather than look at the overall credit history of the business.

This then leads to energy suppliers offering varying rates to different industry sectors.

Basic Example:

Office Based I.T Companies = 19p/pkWh

Hairdressers = 19p/pkWh

Garages / MOT Centres = 19p/pkWh

Fast-Food Outlets | Restaurants | Pubs | Hotels = 22p/pkWh

Suppliers are not obliged to disclose whether their proposed contract renewal offer includes a risk premium, however if your existing provider is attempting to include one, you should look elsewhere!

Is your Business Energy account Optimised for Maximum Savings? Take our FREE Scorecard to find out: www.outofcontractutilities.co.uk/energyquiz

Thank you for reading!