Renew energy supplier for businesses is made easy with Energy4

Renew energy Supplier involves the following;

 

Provide the following information to Energy4

• Provide your business address
• The current name of your Supplier
• Annual Consumption (kW)
• Business registration (Private Limited, Sole-trader, PLC)

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Complete Letter Of Authority (LOA)

Energy4 will provide a Letter Of Authority (LOA) for the business owner to complete, and return. Please complete and return to Energy4.

As mandated by Ofgem, due to the commercial, energy consumption, financial, and business implications involved, aN LOA is required.

 

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Contract End Date (CED)

Renew utility contracts or switch contracts requires the contract-end-date. Located on your business utility bill, your signed agreement, or from your utility provider when switch energy Supplier

 

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Termination notice period

Renew utility contracts or renewing contracts is possible with an application made before the Termination notice period. Changing energy supplier or renewed contracts when the termination notice period has been missed will result in a site being moved onto out-of-contract rates for the period specified below. Renew business sites to the same supplier, or switched.

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• HAVEN – 120 DAYS
• GAZPROM – 30 DAYS
• TOTAL – 90 DAYS
• CNG – 90 DAYS
• SCOTTISH POWER – 30 DAYS
• NPOWER – 60 DAYS
• CORONA ENERGY – 60 DAYS
• CROWN – 30 DAYS
• SSE – 30 DAYS
• EDF – 30 DAYS
• DONG ENERGY – 30 DAYS
• BG – 90 DAYS
• EON – 90 DAYS
• HUDSON – NO TERMINATION NEEDED
• OPUS – 90 DAYS
• DUAL ENERGY – 28 DAYS
• YGP – 90 DAYS

Energy quote from Energy4

Energy4 will provide a utility quote from the entire market, showing the best-priced utility down to the most expensive available.

Energy quote from Energy4 compares Suppliers, tariffs, from the lowest priced, customer satisfaction scores, to green energy tariffs, fixed deals, and exit fee requirements.

 

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Renew energy supplier or renew present supplier

Once the business owner has decided to renew the present Supplier or renew energy supplier, business credit reviewed as each Supplier has requirements. The contract confirmed with payment details provided.  Paying by Direct Debit can usually save money. 

Energy4 will then forward to the business owner a copy of the energy contract to be completed. Energy contract completed, and a copy returned to Energy4.

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Energy contract submitted

Completed energy contract is submitted to the selected utility provider.
Business owner retains the original energy contract.

Prices locked in, and contract processed.

 

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Energy contract processed

The energy Supplier will notify Energy4 of the processing of the energy contract.

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Previous energy supplier can reject the transfer

Previous energy supplier can reject the transfer by;

– Objection to the Letter of Authority

– Business owner is already in a contract and is not free to leave when the new energy Supplier is applying to take the supply

– Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply

– The new energy supplier is applying for the incorrect transfer date

– Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged.

 

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New energy supplier can reject the contract

New energy supplier can reject the contract by;

– Objection to the Letter of Authority
– Business owner is already in a contract and is not free to leave when the incoming Supplier is applying to take the supply
– Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply
– The new energy Supplier is applying for the incorrect transfer date
– Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged 

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Confirm renew of energy supplier

The Supplier will notify both the business owner and Energy4 of the renew, and activation of the new contract.

 

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Provide the following information to Energy4

Renew energy supplier or renew present supplier

Energy supplier can reject transfer

https://www.ofgem.gov.uk/consumers/business-gas-and-electricity-guide/understand-energy-contracts-businesses