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Writer's pictureTom McGlynn

Understanding Engie's Out of Contract Rates: A Guide for UK SMEs

Are you aware of the significant financial impact of being on out-of-contract (OOC) rates with Engie? Many businesses miss renewal quotes and consequently pay much higher rates. This blog emphasises the importance of securing a new energy contract and how Smart Energy can assist in reducing your costs.


Engie logo with the text to say Engie Out of Contract rates with the Smart energy Company logo on it

Understanding Engie’s Out of Contract Rates

When your fixed-term energy agreement with Engie ends, you automatically switch to their out-of-contract (OOC) rates. These rates are generally higher than your previous contract rates, leading to a notable rise in your energy expenses.


Engie’s Current Out of Contract Rates

Effective from 01 April 2024:

Effective from 00:00

Effective Until

Rates for ALL units

Standing Charge (p/Day)

01/01/2024

Until further notice

33.92p/kWh

399.00

For Half Hourly meters (profiles 00) prices are below:

Rate Effective From 00:00hrs on

Rate Effective to 23:59hrs on

TCR Tariff Band

Day (p/kWh)

Night (p/kWh)

Daily Standing Charge (£/kWh)



All LV & LV Sub

38.59

25.22

34.15

01/01/2024

Until Further Notice

HV Bands 3 & 4

38.59

25.22

490.72



Designated EHV Properties

38.59

25.22

6761.00


Gas Default Rates

Rates Effective from 00:00hrs on

Rates Effective to 23:59hrs on

Volume Band

Unit Rate (p/kWh)

Daily Standing Charge (£/day)



Less than 732,000 kWh

11.27

5.34

01/01/2024

Until Further Notice

732,000 to 58,599,999 kWh

11.27

60.25



58,6000,000 kWh or above

11.27

405.24


Remaining on OOC rates can result in a substantial increase in your energy expenses, potentially up to 70% more than your contracted rates. This unpredictability can be a significant burden for any business.


The Need to Act Quickly

Energy suppliers like Engie typically send renewal quotes three months before the end of a contract. Ignoring these can lead to automatic transitions to out-of-contract rates. Given Engie’s higher rates compared to standard tariffs, it is crucial to secure a new contract promptly.


How The Smart Energy Company Can Assist

We provide an effective solution to escape the high OOC rates. By comparing rates from over 20 suppliers, we find the most cost-efficient option for your business. Our tailored solutions ensure you receive competitive rates suited to your specific energy needs.


Why Choose The Smart Energy Company?

  • Cost Savings: We access base rates from multiple suppliers, enabling us to find cheaper contracts, whether you stay with your current supplier or switch.

  • Budget Predictability: Our fixed-rate contracts help in stabilising your budget.

  • Personalised Support: Our team offers tailored advice, ensuring you fully understand and benefit from your energy plan.


Simplifying the Switch

Switching from high OOC rates to a more affordable plan with us is straightforward. We handle everything from analysis to the switch-over, reducing your energy costs and maximising efficiency.


 

Ready to reduce your energy expenses? Contact us today for a free consultation and discover how much you can save with Smart Energy!





0151 459 3388 | info@smart-energy.uk



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