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Managing Utilita Energy's Out of Contract Rates: Saving Money with Smart Energy Company

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.


blog banner with Utilita logo on there and text to sat Discover Utilita's Out of Contract Rates

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:

  1. When the fixed-term energy contract expires without renewal.

  2. If you move into a new property and begin consuming energy without a set contract.

  3. Following the expiry or termination of a pricing agreement that isn't renewed.

  4. 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:


A comprehensive table showing out-of-contract rates for electricity and gas from Utilita Energy Limited, broken down by region and tariff type including Unrestricted, 2 Rate (Day & Night), and 3 Rate (Day, Night & Evening/Weekend) for electricity, and Unrestricted for gas, with corresponding standing charges and unit rates per kWh, effective from 1st January 2024.

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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Have More Questions?

  • Is it possible to change multiple business utilities at the same time?
    Our switching service allows you to switch multiple utilities simultaneously. We have successfully assisted multiple businesses in the UK by helping them save on various services such as energy and water with savings within 2023 already over the £2 Million mark.
  • How much can I save on my business utility bills?
    The amount you can save on your business utility bills will depend on various factors such as your current usage, the rates offered by different providers, and the specific deals available in your location. However, our switching service is designed to help you find the best deals and save as much as possible. By comparing multiple suppliers and negotiating competitive rates, we aim to maximise your potential savings. Get in touch with us to discuss your specific needs and get personalised information on potential cost savings for your business utility bills.
  • How does switching business utilities work?
    Switching business utilities involves a straightforward process. Here's a general overview of how it works: Evaluation: Start by assessing your current utility bills and usage patterns. This will give you an idea of your current costs and help identify areas where savings can be made. Comparison: Use a switching service like ours to compare different utility providers in your area. We provide you with quotes from multiple suppliers, allowing you to compare prices, contract terms, and services offered. Selection: Based on the comparison results, choose the utility provider that best meets your needs and budget. Consider factors such as price, customer reviews, contract terms, and any additional services or benefits offered. Contract Negotiation: Once you've chosen a new provider, our team can help negotiate the contract terms and rates on your behalf. Switching Process: The switching service will coordinate the transition with your current supplier and the new provider. This may involve submitting termination notices, arranging meter readings, and scheduling the activation of new services. Enjoy the Savings: After the switch, you'll start receiving services from your new provider, typically at the agreed-upon rates. You will notice savings on your utility bills, providing you with cost advantages for your business. Remember, the exact process may vary depending on the type of utility you are switching, but our switching service aims to simplify the process and assist you at every step.
  • Who are the cheapest business utility providers?
    As market conditions and prices fluctuate regularly, it's challenging to provide an up-to-date and definitive list of the cheapest business utility providers. The prices we provide you are valid and available on the day of the quote and will provide most current and competitive deals available. Our switching service helps you compare prices and offers from multiple suppliers, ensuring you have the most accurate and relevant information to make an informed decision about your business utility provider.
  • What is energy procurement?
    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.
  • Are there any hidden fees associated with your energy procurement services?
    Transparency is a core value at The Smart Energy Company. We provide a clear breakdown of any commission we earn as a company when you come to agree any new energy contract. This is typically included as an uplift in your unit rate and paid to us by the supplier you chose to go to. Our primary goal is to secure the best energy deals for you, with no hidden costs.
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At The Smart Energy Company, we're committed to offering tailored solutions that fit your energy needs perfectly. By staying ahead of market trends, we ensure you're always equipped with the most efficient and sustainable energy options. We take pride in our client-driven approach, where your feedback shapes our continuous improvement.

 

Why not schedule a complimentary consultation with one of our energy experts today? Let's find the perfect energy solution tailored 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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Ian Hughes

Operation Manager

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