The importance of monitoring energy contracts
Here’s what usually happens
To lure a new client, a provider offers an attractive deal for a limited time. Once the deal expires, the contract renews automatically at the default rate and the customer is left facing what in all likelihood will be a shockingly expensive bill. So, to avoid risks to a company’s overall finances, it’s vital to plan carefully and take action ahead of time to sort out expiring contracts.
The first thing to do is to find a contract that meets your needs; then, automate the management process. That will avoid missing expiry dates or wasting time monitoring contracts.