With many business energy contracts due for renewal in the Autumn window many will be shocked at how COVID-19 has reduced the options available to them when it comes to choosing both suppliers and contract terms. Although wholesale prices have fallen in the last 4 months suppliers have been looking to protect themselves from debt and risk sectors which is leaving many businesses wondering where to look for their next contract.
COVID-19 has seen many businesses struggle with cashflow and suppliers have been reporting a significant increase in their debt levels causing some to withdraw from specific sectors and increase the credit rating requirements for new businesses. As Business Renewals operate on a fully impartial basis we can still find exceptional deals for our clients even in these uncertain times.
The following is a small snapshot of what is (and is not) required/available from some of the UK’s business gas and business electricity supplier base
Eon – Currently not accepting the following business types:
- Manufacture of motor vehicles
- Manufacture of basic metals
- Air and water transport
- Accommodation and Food Service- such as hotels, restaurants, takeaways, cafes and coffee shops
- Arts, Entertainment and Recreation such as pubs, clubs, cinemas, theatres and Gyms
- Retail excluding Food- such as high street shops, Department stores.
EDF – Credit score policy for the following raised from 16 to 75
- Guest Houses
BG Lite – Currently not accepting the following business types
Total Gas and Power – Now implementing charges to contracts that fail to go live
Through our relationships Business Renewals can still gain access to market leading rates regardless of your credit score or business type and we would like to help.
Contact us for a discussion – unlike some others we don’t bite.