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Avoid Overpaying: Navigate Corona Energy's Out of Contract Rates with Smart Energy Solutions

Navigating the complexities of energy supply is paramount for businesses aiming to manage costs effectively. At The Smart Energy Company, we're here to guide you through the intricacies of Out of Contract (OOC) rates, especially as they pertain to Corona Energy's latest tariffs. When a contract expires or is terminated without a new supplier in place, Corona Energy's OOC rates come into effect. Here, we break down these rates to help you understand their impact on your business's energy expenses.


Corona Energy

Prices accurate as of 05/02/2024


Corona Energy's Out of Contract Rates Explained:

Corona Energy's OOC rates are designed to cover various costs including third-party distribution, metering, and administration. These rates apply to both gas and electricity supply, with a specific focus on non-half-hourly and half-hourly electricity tariffs, as well as gas tariffs across different bands based on Annual Quantity (AQ).


Latest OOC Rates for Electricity and Gas:

To ensure clarity, we've summarised the most recent OOC rates from Corona Energy, effective from 1st January 2024.


Electricity Non Half-Hourly

Date

Unit Rate (p/kWh)

Standing Charge (£/day)

From 01/01/2024

31.34

4.05

Electricity Half-Hourly

Date

Unit Rate (p/kWh)

Standing Charge (£/day)

Additional Notes

From 01/01/2024

31.20

4.67

​*DUoS & TNUoS Fixed Charges, plus DUoS Capacity Charges are passed-through for HH meters and is not included in these rates

Gas

Band

Band

Unit Rate (p/kWh)

Standing Charge (£/day)

Band 1

<73,200

6.25

3.89

Band 2

73,201 - 300,000

6.25

7.08

Band 3

300,000 - 750,000

6.25

14.02

Band 4

750,001 - 1,450,000

6.25

19.61

Band 5

1,450.001 - 3,000,000

6.25

31.53

Band 6

>3,000,000

6.25

Site Specific

Implications for Your Business:

Understanding these rates is crucial for businesses looking to manage energy costs effectively, especially in periods between contracts. With the flexibility to leave by providing a 30-day notice, it's vital to consider whether the OOC rates are cost-effective for your short-term needs or if securing a new contract might be more beneficial.


How The Smart Energy Company Can Help:

With the latest rate changes from Corona Energy, it’s an opportune time to evaluate your energy strategy. The Smart Energy Company offers expert advice and support to navigate these rates and find the most cost-effective solutions for your business. Whether you're considering a new contract or need assistance understanding your current position, we're here to help.


Corona Energy's OOC rates are an important consideration for businesses managing their energy supply. As these rates are subject to change, staying informed and seeking expert guidance can significantly impact your energy expenditure. At The Smart Energy Company, we're committed to helping you navigate these changes and ensure your energy strategy aligns with your business goals.


Ready to make a change? Contact The Smart Energy Company today for a comprehensive review of your energy needs and tailored advice on managing your Out of Contract rates effectively.


 

0151 459 3388 | info@smart-energy.uk






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