Confirm the end date
Check the contract end date and any notice requirements.
Business energy contract renewals
Business energy contract renewals for UK SMEs.
Check your electricity and gas contract dates, understand what happens at expiry and compare available supplier options with clear, personal support.
Renewal timelinePlan the next contract early.
- 01ConfirmEnd date and notice terms
- 02ReviewUsage, rates and supply details
- 03CompareAvailable price and contract options
- 04ApproveYour chosen option before it is arranged
Nothing is arranged until you approve the selected option.
No fee to pay DracoNo separate consultancy fee
English · Cantonese · MandarinClear communication
Ongoing personal supportHelp before, during and after your contract.
Plan around your contract
Know the dates before comparing the options.
Every supplier and contract can have different renewal and notice terms. Start by confirming what you already have, then review the available options in enough time to make an informed decision.
Review each supply
Electricity and gas may have different suppliers, meters and contract dates.
Gather recent details
A recent bill normally shows the usage, meter and payment information needed for a review.
Compare the full terms
Look beyond the unit rate to the standing charge, term, payment conditions and estimated annual cost.
When a contract ends
Understand which terms may apply next.
If a contract ends without a replacement, the next rate depends on the existing agreement and the supplier. The supply may continue on deemed, variable, rollover or out-of-contract terms.
These terms can be different from an agreed fixed contract. Check the supplier's current rates and the steps required to move to a new agreement.
Read Ofgem's business energy contract guidanceCompare annual cost
A lower unit rate is not always the lower-cost option.
The standing charge, expected usage and other applicable charges can change the overall result. Draco compares the available options using the same supply information so the differences are easier to understand.
See how Draco compares business energy contractsCompare the whole cost
How the full cost adds up.
| Cost item | Option A | Option B |
|---|---|---|
| Unit rate | 24p/kWh | 25p/kWh |
| Standing charge | 80p/day | 40p/day |
| Annual energy cost | £2,400 | £2,500 |
| Annual standing charge | £292 | £146 |
| Annual total | £2,692 | £2,646 |
A lower unit rate can still mean a higher annual cost.
How Draco supports your renewal
A clear route from the current bill to your chosen contract.
Where supplier information is needed, a limited Letter of Authority allows Draco and our intermediary to request contract or meter details. It does not allow a new contract to be agreed without your approval.
- 1
Send the current information
Provide a recent bill, renewal letter or contract details.
- 2
Review and compare
Draco checks the supply and explains available supplier options.
- 3
Choose with clear terms
Review the price, term and payment details before approval.
- 4
Stay supported
Draco helps with supplier onboarding and future renewal planning.
Contract renewal FAQs
Questions to answer before the current contract ends.
When should I review my business energy contract?
Start once you know the contract end date and any notice requirements. Reviewing early gives you time to confirm the supply details and understand available options without a rushed decision. The exact window depends on the supplier and contract terms.
Can I switch business energy supplier before my contract ends?
Most suppliers will not let a business switch before the current fixed term ends. A future contract may be agreed in advance to begin when the existing contract finishes, subject to the supplier's terms and acceptance.
What happens if my business energy contract expires?
Depending on the existing agreement and circumstances, the supply may continue on deemed, variable, rollover or out-of-contract terms. Check the current supplier's terms and rates before deciding the next step.
Do electricity and gas contracts renew together?
Not necessarily. Electricity and gas normally have separate supply details and may have different suppliers, end dates and renewal terms, even when they are reviewed together.
Is there a cooling-off period for a business energy contract?
Business energy contracts generally do not have a cooling-off period, including agreements made by phone. Review the price, contract length and terms before giving approval.
Does Draco charge me a service fee?
No service fee is charged to you by Draco. Draco receives commission from the supplier when an energy contract is successfully arranged. We explain how we are paid and provide commission information on request.
No fee to pay Draco
Get a free quoteReady to review your business energy?
Send us a recent bill or renewal letter. We will explain the next step in English, Cantonese or Mandarin.
0333 880 5233