Uncover the latest Out of Contract rates with BES Utilities and learn how not renewing your contract can affect your business finances. We keep our blog updated with the most recent default rates to help you stay informed.
Out of Contract Rates: Are You Paying Too Much?
Prices accurate as of 20/10/2023
As a business owner, you might be familiar with the term "Out of Contract" rates. These are the rates energy suppliers, such as BES Utilities, charge when your fixed-rate contract has ended, and you haven’t secured a new deal. These rates often end up being substantially higher than negotiated contract rates, silently inflating your business overheads.
Suppliers like BES Utilities use Out of Contract rates to adjust their costs, usually to a much higher price point, which can vary unpredictably. This can lead to unexpected increases in your energy bills, affecting your financial planning.
Current BES Utilities Out of Contract Rates (subject to market changes):
ELECTRICITY
​ | Standing charges (pence per day) | Consumption (pence per kWh) |
Electricity PC 1-4 | 300 | 43.90 |
Electricity MD/HH | 500 | 40.70 |
GAS
AQ Band | Standing charges (pence per day) | Consumption (pence per kWh) |
0 - 73,200 kWh | 450 | 13.75 |
73,201 - 293,000 kWh | 600 | 13.75 |
293,001 Above | 850 | 13.75 |
What Does This Mean for Your Wallet?
Let’s consider a scenario: Your restaurant uses 50,000 kWh of electricity per year, and your contract with BES Utilities has ended. You’re now being billed at Out of Contract rates.
By securing a new fixed tariff in the current market, you could potentially save £10,326 annually! That's where The Smart Energy Company steps in.
Rate Type | Unit Rates | Standing Charge | ANNUAL COST |
Out of Contract | 43.90 | 300.00 | £23,045.00 |
Average Rates | 25.00 | 60.00 | £12,719.00 |
The Advantage of Fixed Rates
Opting for fixed rates gives your business the benefit of predictable billing, allowing for accurate budgeting and protection against market volatility. Fixed rates shield you from unexpected rate hikes and hidden charges often associated with Out of Contract rates.
How The Smart Energy Company Can Assist You
At The Smart Energy Company, we leverage our expertise to help you avoid the high costs associated with Out of Contract rates. We compare prices from over 20 suppliers, providing you with the best options tailored to your business's needs. Our commitment to transparency and market insights has earned us a 5-star rating on TrustPilot, with 95% of our customers returning for our services.
Our comprehensive suite includes energy procurement, contract negotiation, and ongoing account management. Our goal is to maximise your savings, optimising your energy expenses with our industry insights.
Ready to Make the Switch?
If your contract with BES Utilities or any provider is concluding, or if you find yourself on an Out of Contract rate, it's time to act. Use our 'Quote My Business' form on our website to begin the switch to more economical energy rates. Our team is ready to provide a detailed comparison of available savings for your business.
Our service is free and without obligation. Contact us today to see how much you could save:
0151 459 3388 | info@smart-energy.uk
Contact us for a bespoke energy quote and start saving now!
