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

Has your energy contract with Engie recently ended, or is it due to conclude in the near future? 


It's crucial to be aware of the rates you will be subject to once your contract ends. This blog post outlines the Out-of-Contract (OOC) rates effective from 1st January 2024 and provides essential insights into how The Smart Energy Company can assist you in navigating these changes.


With the latest update in Engie's OOC rates, many businesses are finding themselves facing higher energy costs. Understanding these rates and knowing your options is key to managing your energy budget effectively.


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

Engie's OOC Rates Effective from 01/01/2024

When your fixed energy contract with Engie concludes, you automatically transition to their OOC rates. These rates are typically higher than contracted rates and can vary based on several factors, including your meter type and energy consumption patterns.


For Non-Half Hourly meters (profiles 01 - 08) prices are below:

Effective from 00:00

Effective Until

Rates for ALL units

Standing Charge (p/Day)

01/01/2024

Until further notice

33.92p/kWh

619.00

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

47.53

01/01/2024

Until Further Notice

HV Bands 3 & 4

38.59

25.22

763.52



Designated EHV Properties

38.59

25.22

2,651.75


For GAS meters prices are below:

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

4.80

01/01/2024

Until Further Notice

732,000 to 58,599,999 kWh

11.27

68.76



58,6000,000 kWh or above

11.27

400.00


Note:

  • Engie will pass through the cost of CCL / VAT on top of these rates.

  • For deemed and default customers, Engie will assign an AQ based on the formula year AQ data or 'SMP AQ' data if formula year AQ data is not available.


What This Means for Your Business

Transitioning to OOC rates can significantly impact your energy expenses. These rates are not only higher but also subject to market fluctuations, adding unpredictability to your energy costs.


How The Smart Energy Company Can Help

As experts in energy management, we at The Smart Energy Company specialise in finding cost-effective solutions for businesses facing high OOC rates. We offer a comprehensive comparison of rates from over 20 suppliers, aiming to provide you with the most economical and suitable energy plan.


Our Services Include:

  • Competitive Rates: We offer electricity and gas rates that are often more affordable than standard OOC rates.

  • Personalized Solutions: Tailored energy plans that align with your specific business needs.

  • Seamless Transition: Expert assistance in switching from OOC rates to a more advantageous contract.


Our Competitive Energy Rate Offers:

  • Electricity Rates: As low as 21 pence per kWh.

  • Gas Rates: Under 5 pence per kWh.

Our rates are not just competitive; they are tailored to your business’s specific energy needs.


Take Control of Your Energy Costs

Don't let the end of your contract with Engie lead to inflated energy bills. Contact The Smart Energy Company today for a free energy audit and learn how you can secure lower rates and better manage your energy expenses.






0151 459 3388 | info@smart-energy.uk



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    Energy procurement is the process of sourcing, negotiating, and securing energy contracts to meet the specific needs of a business. It involves analysing energy consumption patterns, understanding market trends, and negotiating with suppliers to obtain the best possible rates and contract terms.
  • Why is energy procurement important for my business?
    Energy procurement ensures that your business secures energy contracts that are both cost-effective and aligned with your operational needs. Proper energy procurement can lead to significant cost savings, budget predictability, and reduced risks associated with volatile energy markets.
  • How does The Smart Energy Company help with energy procurement?
    We specialise in analysing your energy consumption, understanding your specific needs, and leveraging our relationships with over 20 suppliers to negotiate the best possible contracts on your behalf. Our team ensures you get optimal rates, flexible terms, and contracts that align with your business goals.
  • How do you ensure I get the best energy rates?
    Our team continuously monitors the energy market, staying updated with trends, price fluctuations, and supplier offerings. Coupled with our in-depth analysis of your energy needs and consumption patterns, we negotiate with suppliers to secure rates that are both competitive and suited to your business.
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Very helpful, quick expert advice. We have been using Smart Energy for a while.

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