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6 Points to Consider Before Negotiating the Right Deal with the Energy Supplier

As we know, most small and medium-sized companies use fixed energy contracts. In fixed energy contract, businesses pay a certain amount of money for energy that will remain the same for up to 5 years. Before renewal of the contract, renegotiation for fixed gas or electricity contract is required, else you will end up paying the non-competitive price for your contract. There is a termination window for each contract at the end of the contract period. You can negotiate with the same supplier or a new supplier during this time. Before signing up, you need to negotiate in such a way that you get the best deal at cheaper rates. Few tips to consider for energy contract negotiation.

  • Benchmark price

    Before starting negotiation, you need to set a benchmark after comparing many other offers. Electricity and gas prices vary every year so it would be ideal for you to compare the prices and finalize the benchmark price for your contract. Get the renewal quote from your existing supplier, speak to other suppliers and experts or brokers to get an idea of the estimated electricity and gas price. You can also take reference from the wholesale market to compare, it will give a clear picture where the bottom price level is.

  • More quotes

    The ideal solution for getting the best deal is to keep switching suppliers. You can contact many suppliers and then shortlist the best supplier as per tariff comparison. Business NRG brokers will help you get the best quotes as per your business requirements.

  • Let brokers do it

    If you are running out of time or not so good in negotiation, or you are looking for a big discount on your energy supply, let an energy broker help you. Business NRG is one of the best brokers who will guarantee you to negotiate on behalf of you and get the best deal on your energy supply.

  • Consider the same supplier for both electricity and gas

    You will get a big discount when you buy both fuels from the same supplier and additional services will be also an add-on.

  • Get the timing right

    If you start negotiating when your contract is about to end then it’s not the right time to negotiate as you will not be able to compare the deals at the last minute. It takes time to decide which deals are perfect for your business, so start negotiating energy contracts much in advance so that you get a lot of time to think, rethink and decide.

  • Stay calm

    You need to be prepared for a little hassle and not so easy going process while switching or negotiating. It needs time and patience. So stay calm and decide what you want.

At last but not least, scrutinize everything and decide. Business NRG will help you in deciding the right contract for your business energy.

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