In these ‘Straightened Times’ the newly observed behaviour of Energy Suppliers is creating concern in many circles. Whilst there patently is an economic downturn, some behaviour can best be described as over enthusiastic. In most circumstances now all Energy Contract Renewals or Transfers are accompanied by a Credit Check on the business concerned, even when staying with your current supplier.

This new found paranoia has resulted in an exuberant application of the word ‘NO!’ . Whilst not wishing to be disparaging regarding the merits of such a process, businesses are failing, it is easy for the third party credit checking organisations to err ‘statistically on the side of caution’ and say no. continue

Make sure you read those Terms & Conditions or at least make sure that whoever is arranging your energy contracts ascertains exactly what is being signed. Whilst there are significant government backed efforts to support the pressures on Businesses at the moment, not everyone is being quite so supportive. Apparently the notion of ‘Limited Company’ status doesn’t wash with business energy supplier Scottish Power.

the director who signs the Agreement on your behalf…shall irrevocably and unconditionally be jointly and severally liable for any and all payments…’ so make sure the business pays those bills!

Even if the business is paying the bills, there are potentially draconian additional requirements.

at our (Scottish Power) sole discretion we may also require the said director within 7 days of request, to provide us with a personal guarantee…for an amount no greater than an amount equal to the previous quarter’s usage.

Let’s hope your energy costs aren’t large.