Energy costs remain one of the biggest expenses for businesses across Greater Manchester. With market fluctuations, contract renewals, and regulatory changes, failing to review your energy contract at the right time could mean paying more than you should. Whether your business is a small independent or a large organisation, taking a proactive approach to energy procurement can lead to substantial cost savings and long-term stability.
1. The Energy Market is Volatile
Energy prices are constantly shifting due to supply and demand, geopolitical factors, and regulatory changes. Many businesses that locked in contracts at higher rates during peak price periods could now be overpaying. Reviewing your contract ensures that you are getting the best deal available and not stuck on uncompetitive rates.
2. Fixed-Term Contracts Could Be Costing You More
Many businesses assume that a fixed-term contract means they are getting the best rate, but that’s not always the case. If your contract is due for renewal or you’re unsure whether your current terms are competitive, now is the time to assess your options.
3. Hidden Charges and Inefficiencies
Without a full review, your business may be subject to hidden charges such as pass-through costs, non-commodity charges, or incorrect tariff allocations. These can significantly impact your bottom line. By conducting an energy audit, businesses can uncover hidden inefficiencies and identify areas for improvement.
4. Access to Renewable and Sustainable Options
As businesses move towards net-zero commitments, reviewing your contract can also open up opportunities to switch to greener, more sustainable energy sources. Renewable energy contracts can not only reduce costs in the long term but also help businesses align with sustainability goals and government incentives.
5. Avoid Being Rolled Onto Expensive Default Rates
If your contract is close to expiring, failing to act could result in your business being automatically placed on an out-of-contract or default tariff, which is often significantly more expensive than negotiated rates. Reviewing your contract early ensures that you remain in control and avoid unnecessary cost increases.
How Enexus Energy Can Help
At Enexus Energy, we specialise in helping businesses secure the best energy contracts through strategic procurement, forensic audits, and expert market insights. Our tailored approach ensures that businesses in Greater Manchester are always on the most cost-effective and sustainable energy plans.
📩 Get in touch today for a free energy contract review and discover how much your business could save.