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Knowing the end date of your energy contract is crucial, especially if you want to avoid unnecessary costs or are considering switching suppliers. For businesses on a fixed tariff, the contract end date is typically stated on the energy bill itself. You can usually find it on the first page of the bill, alongside other key contract information such as your tariff type, energy usage, and unit rates.
It may be listed under a section titled "Contract Summary" or "Key Information," which provides an overview of the terms and conditions of your current contract. If you’re using an online account to manage your energy bills, the end date is often displayed on the dashboard or in the contract details section.
If your business is on an out-of-contract rate or a variable tariff, finding a specific contract end date may be trickier since these rates don’t typically have a fixed contract period. In such cases, your bill might not show a formal contract end date because you're not tied into a long-term contract. However, it's important to note that out-of-contract rates can be more expensive, and knowing you are on one is a cue to start looking at other options. Understanding your contract's end date, whether you're on a fixed tariff or not, is vital because it impacts your ability to switch to a more favourable deal without incurring exit fees or penalties. Keeping track of this information ensures you can switch suppliers at the right time, potentially saving your business money and securing better energy rates.
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