Are you suddenly faced with a spike in your business energy bills? It's possible you've entered the realm of out-of-contract rates – a situation no company wants to find itself in. With Utilita's rates effective as of 01/01/2024, we're here to help you understand what these rates are, why they matter, and how you can navigate them effectively.
What Are Out-of-Contract Rates?
Out-of-contract rates are charged by energy suppliers when a business's fixed energy contract ends, and no new contract has been agreed upon. These rates are typically higher than contracted rates and can substantially increase energy expenses. They're the energy market's equivalent of a rolling month-to-month tenancy, often without the competitive pricing that a fixed-term contract affords.
When Are You Charged Out-of-Contract Rates?
Businesses face out-of-contract rates in several situations:
When the fixed-term energy contract expires without renewal.
If you move into a new property and begin consuming energy without a set contract.
Following the expiry or termination of a pricing agreement that isn't renewed.
If you're supplied under a 'supplier of last resort' arrangement by Ofgem.
The Switching Process Explained
The landscape of energy switching has undergone a significant transformation, thanks to the Faster More Reliable Switching Service implemented by Ofgem. Gone are the days when suppliers could roll your business over onto out-of-contract rates for an extended period – from 28 days up to a year – leaving you with little recourse.
Now, with The Smart Energy Company, you can transition from out-of-contract rates to a more favourable contract in just 2-5 working days. This recent change is all about empowerment and ensuring that your business can benefit from better deals promptly and with minimal fuss. For more on the FMRS, dive into the details here.
Utilita Energy Latest Out of Contract Rates
Let’s delve into Utilita Energy's latest out-of-contract rates effective from 1st January 2024. Below you’ll find a comprehensive table detailing the costs your business might incur if you're not on a fixed contract. These are the rates that could apply to your non-half hourly electricity and gas supplies, broken down by region and time band, excluding VAT:
The rates information provided above is sourced from Utilita Energy Limited's official rate card. For the complete, detailed schedule of Utilita's out-of-contract rates and to view their terms and conditions, please visit their Business Variable Rates document.
Why The Smart Energy Company Can Help
At The Smart Energy Company, we're committed to streamlining energy costs. With a focus on SMEs, we understand the importance of managing these expenses. We can help negotiate a contract that suits your unique needs, potentially reducing your bills by up to 70%.
How to Get a Quote
To find out how much you could save by switching from Utilita's out-of-contract rates, get in touch with us for a bespoke quote. We'll analyse your specific energy usage and needs to find the best possible rates. Reach out to us through our online quote form or give us a call.
Wrapping Up
Don't let out-of-contract rates be a thorn in your side. With The Smart Energy Company, switching to a better energy deal is straightforward, quick, and could lead to substantial savings. Visit our website for more information or to get started on finding your ideal energy solution today
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