Are there hidden fees businesses should watch out for?

While deregulated markets encourage competition, some electricity suppliers add fees that can surprise businesses. These can include early termination penalties, monthly service or administration fees, capacity and transmission pass-through charges, demand ratchet charges based on your highest peak usage, meter or equipment rental costs, broker commissions and late payment penalties. Always review the contract terms carefully to identify any pass-through clauses or hidden surcharges. Ask suppliers to provide a clear, itemized breakdown of all costs and confirm whether the quoted rate includes demand, capacity and transmission charges. Request fixed-price offers with no hidden fees and check if there are penalties for switching suppliers before the contract ends. Working with a reputable broker or consultant can also help you spot and avoid unexpected charges.