Energy contracts aren’t a “set and forget” part of your utility operations. With market prices fluctuating, regulatory changes unfolding, and business needs evolving, regular energy contract reviews can be the difference between overspending and unlocking savings. 

So, how often should you review your energy contract? Here’s what we recommend at CES. 

Review at Least Annually 

At a minimum, we advise businesses to review their energy contracts once a year. Even if you’re locked into a fixed-rate deal, it’s important to stay ahead of: 

• Contract end dates to avoid being rolled into higher out-of-contract rates 
• New supplier offers that may be more competitive 
• Usage trends that could change your energy needs 
• Policy changes that affect your compliance obligations 

A yearly check-in helps you prepare and not panic when renewal season approaches. 

Start the Review Process 6 Months Before Your End Date 

It’s not enough to review your contract when it ends. Ideally, start the review process 4–6 months in advance or even earlier so you don’t miss on good buying opportunities. This gives you time to: 

• Benchmark prices across multiple suppliers 
• Negotiate better terms 
• Explore different contract types (e.g. fixed vs. flexible) 
• Flexibility to switch or renew based on your needs 

At CES, we secure better client rates simply because we start early and have good working relationships with over 20 suppliers.  

Review When Your Usage or Business Needs Change 

Energy contracts should reflect your actual usage. If your business: 

• Expanded operations 
• Added or closed sites 
• Changed working hours 
• Introduced new energy-efficient equipment 
• Investing in renewable energy solutions like solar panels 

…then your current contract might no longer be fit for purpose. A mid-contract review could identify opportunities to renegotiate or restructure your deal. 

Monitor the Market (or Let Us Do It for You) 

Energy markets are volatile. If wholesale prices drop significantly, it might make sense to revisit your contract sooner. However, staying on top of the market is time-consuming, so many of our clients rely on CES to monitor market trends and recommend action when the timing is right. 

Be Proactive, Not Reactive 

Too often, businesses leave energy contract decisions until the last minute, missing out on better prices. Reviewing your energy contract regularly is a simple but powerful way to cut costs, stay compliant, and stay in control. 

How Can CES Help? 

We know reviewing energy contracts isn’t at the top of your to-do list. That’s where we come in. 

Here’s what our energy contract review includes: 

• Full contract audit 
• Market comparison and risk analysis 
• Proactive Energy Procurement 
• Renewal timing strategy 
• Opportunities for cost reduction 
• Long-term energy strategy 

Whether you’re managing energy for a single or multiple sites, our energy consultants can help you take control of your energy costs. 

 Ready for a Review? 

 Book your free contract review at [email protected] or call us on 0203 157 1020 today for a consultation.