Dos and Don'ts of Renewing Your Energy contract

The energy industry is often criticised for prioritising profits over clients' needs, whereas we believe that transparency and fairness are paramount. As a company with roots in insurance broking, we understand the importance of these principles.

Our in-house energy team approaches the task of finding the best energy deals with the same commitment to integrity and client-centred service.

Here are our dos and don'ts for renewing your energy:

Dos:

Work with a Specialist Offering Market Tracking Services:

Choose a specialist who provides a market tracking service. Our analysts specialise in predicting energy market trends over the next few years. By leveraging this expertise, you can make informed decisions based on reliable insights into future market conditions.

Work with a Broker that Puts the Client First and Fully Discloses Non-Commodity Costs:

Partner with a broker that prioritises your interests and provides full disclosure of non-commodity costs in a clear fashion. Non-commodity costs, such as taxes, levies, and network charges, are often overlooked but can significantly impact your overall energy expenses. A broker who is committed to getting these costs as low as possible can help secure valuable cost savings for your business.

Use Analysis to Recommend the Right Contract Length:

Choose a specialist who can utilise market analysis to recommend the optimal contract length at the right time. By aligning your contract duration with market projections, you can secure favourable terms and avoid potential pitfalls associated with volatile energy prices.

Work with a Broker that Truly Helps the Care Sector:

Select a broker dedicated to supporting the care sector beyond providing quotes for insurance. We are committed to providing a fully managed service, actively working on your account, and offering timely recommendations. Our focus is on building long-term partnerships and ensuring that your energy needs are met with personalised care and attention.

When dealing with commodities, timing is crucial, we will help our clients to time the renewal as best as possible which has led to some clients saving 60% on their energy bills

Work with a broker that can see what’s gone wrong:

We have the complex industry knowledge and experience to put things right when you need us most, for instance we’ve helped some clients claim back overpayments and helped them to retrieve tens of thousands of pounds of capital for their business.

Don'ts:

Rush into Renewal Without Informed Analysis:

Avoid the temptation to renew your energy contract hastily or without thorough analysis. Blindly accepting renewal offers without considering market trends could result in missed opportunities for cost savings or unfavourable contract terms.

Overlook the Importance of Specialised Expertise:

Don't overlook the value of working with specialists who understand the nuances of the energy market. Generalist brokers may lack the specialised knowledge needed to navigate the complexities of energy procurement effectively.

To close

Navigating the energy market requires careful consideration and informed decision-making. By partnering with specialists who offer market tracking services and utilise data-driven analysis, you can optimise your energy procurement strategy to meet your business's needs effectively.

At Quality Care Group, we prioritise transparency, fairness, and client satisfaction in every aspect of our service, ensuring that your energy renewal process is guided by expertise and integrity.

Start the conversation!

Call our Business Efficiency Team on 01273 424904 today.