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Electricity is most basic need of common masses. Any work without electricity is not possible. But before you start using it you need to make a contract on some specified terms. An electricity contract is such a trade that is dealt for some specific time period. Such business tariffs are fixed minimum for 1 year. It can be mainly for business purpose. All individuals also have to sign contract but for individuals there are different terms and conditions. Till the completion of specified time period you are tied with it. But sometimes you need to Cancel Electricity Contract. But cancelling an electricity contract is not an easy process.There is a certain important points that you should keep in mind before you cancel this contract. Small enterprises receive reminders set out by the controller from their present supplier. If you are not in the category micro business clauses then responsibility is on your business to manage the terms and conditions set. Whatever may be the conditions first of all Cancel Electricity Contract that you are currently holding. Unfortunately in these kinds of contracts untill you don’t terminate existing one your supplier considers it as extended for another year. It also results in increase in unit price and standing charges. Moreover if you terminate and don’t place any new contract you will be considered as out of contract. It can be worse scenario for you and like rollover your unit price and standing charges will increased. So you should also keep these points in mind. Cancel Electricity Contract requires you to keep in mind the notice period as well. This can be a period of 4 weeks to 3months. You have a special right of cancel your electricity contract If your service provider increases your tariff rates. This price increase will be provided in the rule together with the special termination notice. You should also ask your current provider a written confirmation of your cancellation and cancellation dates. You have Canceled Electricity Contract and company has not resolved issue you can contact government regulator in your locality and file a complaint. Then a communication is sent to company for a response with summary of your complaint.
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