DEEMED CONTRACTS/OUT OF CONTRACT RATES – VALID FROM 1ST OCTOBER 2023
Current market conditions are seeing wholesale commodity costs increase, therefore our rates have increased as of 1st October 2023 to reflect these market changes.
The following rates apply to all meter types situated in any network operator area:
Unit rate – 32.9 p/kwh (0.329 £/kwh)
Standing charge – £3.49 /day
Each rate is applied per meter and excludes VAT and Climate Change Levy (CCL) where applicable. For half hourly settled meters, these rates also exclude Metering Costs, Reactive Power and Capacity Charges which will be passed through at cost.
ENERGY BILLS DISCOUNT SCHEME
If you are on deemed or out of contract rates, you will be eligible for the Energy Bills Discount Scheme (EBDS) baseline discount, however the discount looks likely to be set at zero at present.
The Government will update the discount quarterly and you can see the recently published discount rates on their website, here. To learn more about the EBDS scheme, you can also read our range of FAQs, here.
STANDING CHARGE FOR HIGH VOLTAGE METERS
There is an uplift to our standing charge for any customers with high voltage meters, with the uplift based on the geographical location of the meter. This is due to changes implemented following the Targeted Charging Review (TCR). You can read more about the TCR here and can view the standing rate charges below.
|Product add-on (£/day)|
|HV Band 1||HV Band 2||HV Band 3||HV Band 4|
WHAT ARE DEEMED CONTRACTS?
A Deemed Contract is the contract you will be placed on if you become liable for a property which we already supply. Unless you agree a new contract with us, or change to another energy supplier, we will begin billing you on our Deemed Rates on a monthly basis, and you will need to make a full payment within 14 days of the date on the bill.
WHAT ARE OUT OF CONTRACT RATES?
Out of Contract Rates are the rates you will be placed on if your previously agreed contract prices have ended and you have not yet renewed with us nor agreed a contract with a new supplier. Following the end of your original contract prices, we’ll begin billing you on Out of Contract Rates, which are likely to be higher rates than your existing contract prices.
FINDING THE BEST CHOICE FOR YOUR BUSINESSES
Deemed and Out of Contract rates are often higher than contracted ones, and we always encourage customers to choose a contract and tariff that suits their business requirements.
To move off these rates easily at any time, you can switch to a new supplier* or get in touch with us to find out what we may be able to offer.
*Any debt associated with your account is expected to be settled before switching supplier.