Business Electricity Termination Letter
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Business Electricity Termination Letter

The process of cancelling the business electricity contract is of utmost importance since virtually all contracts with energy supplier will automatically renew themselves after the initial term ends. If you have an annual contract you will be hedged into another year of service unless you follow the correct process of terminating your service contract. How you terminate your contract is just as important as how you enter into it.

This article provides basic information about the importance and structure of a business electricity termination letter. This is helpful to businesses that are concerned about the cost of their electricity contracts and want to know about terminating their contract when they want to change to a less costly supplier.

The purpose of a business electricity termination letter is to notify your supplier that you are terminating your electricity supply contract with them.

You can find several examples of a Business electricity termination letter online. Basically the letter needs to be direct and to the point. It should specify the intent to terminate the service and the date that the termination is to take effect. It is wise to include a request for acknowledgement of receipt of the letter. You should send this letter to the supplier at least 45 day's prior to the intended termination date and within 30 day's of your cancellation period. That way you can be certain that your account will not automatically roll over and you will be bound by a new contract.

The process of cancelling the contract is of utmost importance since virtually all contracts with an energy supplier will automatically renew themselves after the initial term ends. If you have an annual contract you will be hedged into another year of service unless you follow the correct process of terminating your service contract. How you terminate your contract is just as important as how you enter into it.

Remember it is not the suppliers responsibility to inform you that the contract term is ending. You will have to stay on top the dates and requirements necessary to terminate the contract. If you fail to follow procedure, You will find that your contract will be automatically renewed and it will more then likely be at an increase in price.

As with all contractual matters one deals with in business, it is imperative that you are aware of smallest details of the agreement. If you do not fully understand the contract do not sign it until you can have someone go through it and explain it to you. Many businesses have someone available that is well versed in contract language and law to handle this sort of task for them.

 You will be able to find a variety of  form letters online to use for the purpose of canceling your business electricity contract . there are several sites that offer free business form letters for your convienence. Any of the simple formats will sufice as long as you include your intent to cancel the contract and if the letter is received in ample time before the current contract comes to an end.

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