Understanding Opus Energy out of contract rates is crucial for businesses to manage their energy costs effectively. If you're currently with Opus Energy, it's essential to be aware of the latest out-of-contract rates to avoid unexpected expenses. As of 1st June 2024, Opus Energy has updated their electricity and gas rates, which we'll delve into here.
Detailed Breakdown of Opus Energy Out of Contract Electricity Rates
Overview of Opus Energy Out of Contract Electricity Rates
Opus Energy's electricity rates are segmented by profile classes and measurement classes, with distinct standing charges and unit rates. Below is a detailed breakdown of the new rates effective from 1st June 2024:
Opus Energy OOC Rates Effective From 1st June 2024:
Category | Standing charge (p/Day) | Unit Rate (p/kWh) | Day Rate (p/kWh) | Night Rate (p/kWh) | Availability (p/kVa/day) |
Profile Class 1 & 2 | 300 | 30.00 | ​ | ​ | ​ |
Profile Class 3 & 4 | 300 | 38.00 | ​ | ​ | ​ |
Profile Class 5 - 8 | 800 | 36.00 | ​ | ​ | ​ |
LVN/LVS & Measurement Class C & E | 1800* | ​ | 34.00 | 25.00 | 5.25* |
Measurement Class F & G | 600 | ​ | 33.00 | 24.00 | ​ |
High Voltage (HV/HVS/EHV) | 2000* | ​ | 33.00 | 24.00 | 6.25* |
*In addition to relevant TNUoS & DUoS charges.
Note: For Profile Classes 1-8, all Day and Eve/Weekend units will be charged at the ‘Unit Rate’ price. TNUoS rates vary by Distribution Network Operator (DNO) region. You can find your DNO region on the National Grid website.
Detailed Breakdown of Opus Energy Out of Contract Gas Rates
Opus Energy's gas rates are calculated based on the Annual Quantity (AQ) banding, which measures the amount of gas a site uses over 12 months. Below is a detailed breakdown of the new rates effective from 1st June 2024:
Band | Standing charge (p/Day) | Unit Rate (p/kWh) |
1 | 100 | 11 |
2 | 400 | 9 |
3 | 800 | 9 |
4 | 300 | 7 |
Impact of Opus Energy Out of Contract Rates on Your Business
Being out of contract typically results in higher rates compared to being in a negotiated contract. The increased unit rates and potentially higher standing charges can significantly affect your business's energy expenditure. Let’s examine the implications:
Electricity Rates Impact
Profile Class 1 & 2: Small businesses will face a standing charge of 300 p/day and a unit rate of 30 p/kWh. This can lead to a considerable increase in your electricity bills if you remain out of contract.
Profile Class 3 & 4: Medium-sized businesses will encounter a standing charge of 300 p/day and a higher unit rate of 38 p/kWh, increasing overall costs significantly.
Profile Class 5-8: Larger enterprises will face an 800 p/day standing charge and a 36 p/kWh unit rate. High consumption businesses must pay attention to these rates to manage costs effectively.
LVN/LVS & Measurement Classes: Businesses with half-hourly meters will face varying rates based on class, with substantial standing charges and different day and night rates, making precise energy management crucial.
High Voltage: These businesses will encounter the highest standing charges and significant day and night rates, necessitating careful cost management.
Impact of Opus Energy Out of Contract Gas Rates on Your Business
Band 1: Smaller gas consumers will face a standing charge of 100 p/day and a unit rate of 11 p/kWh, potentially increasing costs if out of contract.
Band 2: Medium gas consumers will encounter a standing charge of 400 p/day and a unit rate of 9 p/kWh.
Band 3: Larger gas consumers will face a standing charge of 800 p/day and a unit rate of 8 p/kWh, impacting overall gas expenses.
Band 4: Highest gas consumers will have a standing charge of 400 p/day and the lowest unit rate of 7 p/kWh.
How Smart Energy Company Can Help with Opus Energy Out of Contract Rates
Navigating Opus Energy out of contract rates can be daunting, but Smart Energy Company is here to assist. We specialise in helping businesses like yours to secure the best energy deals, ensuring you are not overpaying due to out-of-contract rates. Here’s how we can help:
Rate Comparison: We provide a comprehensive comparison of current and historical rates, enabling you to see the cost impact and potential savings.
Contract Negotiation: Our experts can negotiate on your behalf to secure favourable contract terms, often resulting in lower rates than the out-of-contract prices.
Energy Management Solutions: Beyond securing better rates, we offer energy management solutions to help reduce overall consumption, further lowering your energy costs.
Ongoing Support: We offer continuous support and monitoring to ensure you remain on the best available rates and avoid falling into out-of-contract statuses in the future.
Conclusion
Remaining informed about Opus Energy out of contract rates is vital for managing your business's energy expenses. With the new rates effective from 1st June 2024, businesses need to act promptly to avoid financial strain. Partnering with Smart Energy Company can provide you with the tools and expertise to secure optimal energy rates and ensure cost efficiency. Contact us today to learn more about how we can assist you in navigating the energy market effectively.
📞 0151 459 3388 | 📧 info@smart-energy.uk
