Wednesday, 5 December 2012

Retail shake-up to bring big benefits for businesses energy customers


Most significantly, Ofgem is proposing to increase the number of businesses able to benefit from existing safeguards aimed at ensuring energy suppliers are fair when dealing with small businesses.

These rules specify that, before entering into a contract with a business, the supplier must explain key terms and conditions, and make clear the contract is binding. When the contract is due for renewal, the supplier must contact the business at least 60 days prior to its termination with details of its new offer. It must give the business at least 30 days to let it know if it wants to sign up, or to switch supplier once the current deal ends.

Extending the rules will mean 150,000 more businesses will benefit.

No comments:

Post a Comment