When is the best time to move premises?
We understand there are many reasons why businesses move premises. From company growth to expiring leases, or even a change in circumstances. Whatever reason you have, moving premises, and energy suppliers, has never been easier.
On most energy supplier websites you will find a range of resources that will provide you with extensive information about your particular situation. With this guide, you will be prepared with the information you should acquire before you make any drastic decisions.
Many reasons for companies to move premises are out of their control, especially for changes in circumstances or rapid company growth. But we want to reassure you that, you will always be in charge of your energy supply, whatever the circumstances.
What happens to your energy contracts when moving business premises?
There are multiple ways your energy suppliers can move your contracts when you move business premises. You should see in your contract how much notice you need to give your supplier so they can make arrangements about moving your supply from one location to another or help you with the exit period of your contract.
If you haven’t made arrangements with who will be supplying your business when you move, you will typically take on the pre-existing supplier with the site’s rates. If you’re wanting to save money, it’s always best to avoid this because if it’s not a fixed-term contract, you may be paying for more than you need.
Depending on the notice period you give to your energy supplier, they may offer you the chance to nd your contract earlier than previously agreed. Those running businesses that have to relocate because of changes in their circumstances may benefit from this.
However, in some circumstances, energy suppliers are willing to help you move your supply to your new premises. If this is the case, they should provide you with a dedicated team that should help switch on the day to make sure it all goes smoothly. We cannot stress enough the importance of contacting your supplier when moving your business’ location in order to make sure you both know what is happening.
How can you prepare yourself for the move?
Being prepared for a move in any situation can benefit you hugely, making the whole process as smooth as possible. The first thing you should do is go through your energy contract so you know how your change will affect you.
As previously mentioned, you should contact your energy supplier so you can get any more crucial information, as well as let them know what will happen to your bill. Your contract should state either your contract changing period or the notice period you should give to your supplier. Knowing all of this information will help you make plans in time for the move so you can get the best deal.
Calling your supplier can also help clear up anything you may not fully understand in your contract. Even though they’ll be sad to see you go, it is also their job to help you as much as possible, so making contact will benefit you both.
Depending on whether you were happy with your energy supply during your contract, it may also be worth looking at energy provider comparison sites. The solution that works well for one of your locations may not work for the other, as many factors can affect your monthly bill, especially if you’re moving locations since postcodes can affect what you pay.
By making sure you’re best prepared for the move, you will save yourself not only lots of hassle but maybe some money as well!
What will you need to have when you move?
When moving premises, there are some things you need to keep at hand to keep everything accurate and running smoothly.
- Your energy account number
- Your final meter reading (sometimes you may have to provide one on the last day on the site)
- Your site’s lease’s contract termination date
- The address of your new premises
- Sometimes, you ma need to provide the details of the business or company owner moving into your old site
Moreover, when switching, your supplier should make you aware of what you need to help make the transition easier. These are some of the main aspects you should consider when moving to your new site. Whether you are at the beginning of your move or closer to the day, having the right information can go a long way.
Fees to look out for:
Despite there being many measures in place to protect company owners when moving sites and their energy supply, the process is not short of possible fees that may crop up that might give you unnecessary stress.
Here are some of the main fees you may encounter upon moving sites:
- Reconnection fees: if the previous tenant had their supply disconnected, you may need to pay a connection fee and a security deposit when you move.
- Connection fees: In the event that your new office has never been connected to business gas or electricity, for example, you might have to pay a connection fee.
- Early termination fees: You may be charged an early termination fee if you move into a new property before the contract at your current one has ended. Your contract will have the details about your energy supplier’s cancellation fees, so it’s best to get clued up before making any decisions.
Other questions: answered
- What if I’m a tenant?
It’s always best to read your lease contract to see who is in charge of your energy supply. In the event that your landlord has power over this, it is likely that you will have to set up your own connection for when you move to your new premises as you cannot carry over the connection. In an instance where you may still be at your premises, you may be able to negotiate with your landlord to come to an agreement on a better energy rate than your current one. If you are moving to a new property where the landlor is in charge of the energy supply, make sure you’re not paying energy for lighting for your business before signing anything.
- What if I’m based at home?
You shouldn’t be on any business energy tariff if you’re based from home and your energy supplier can give you the best information about moving to a business site and what that means for your company.
- What if my supplier goes bust?
Luckily, Ofgem have a system in place that helps businesses and homes who are affected by their energy supplier who has gone bust. If this is the case, you are moved to another supplier on their average rate, and are alerted via post when this happens. This gives you freedom to change supplier. As always, we advise that you take a look at your new supplier to see how you can move premises best.
Take a look here for more information about what support you can get:
How can Bright Utilities help you?
Sometimes moving business premises means that you are losing out on the best deals and you won’t realise until it’s happened.
At Bright Utilities, we can offer you extensive comparisons to give you the best value for money. Our experts have inside knowledge about the various ways you can save money through your energy bills.
Whether you are moving your business’ premises or not, we are committed to giving you the best prices for your energy needs that remain unmatched!
Remember that knowledge is power.