quote
menu

Deemed Contract Rates


What are Deemed Contracts?

A Deemed Contract is an informal agreement which may be entered into should your business move into new premises whilst the previous occupant’s chosen energy supplier still provides power to the property.

Alternatively, deemed contract rates may also be imposed if you come to the end of your current business energy contract without renewing and your supplier does not clearly state what will happen after contract termination.

For example, a supplier may state that unless you renew your contract before your business’s energy contract has finished, your business gas and electricity supply will be moved onto Out-of-Contract rates in your official agreement. If there is no disclosure of your supplier’s intended actions, your business energy is likely to be moved onto a deemed contract.

On average, deemed contract rates are 80% more expensive than those within a negotiated contract. If your business doesn’t organise another energy contract before moving into new premises, you could end up paying almost double for your business gas and electricity.

To avoid deemed rates, we highly recommend that you organise a new business energy contract at least 30 days before moving business premises. SwitchMyBusiness.com will happily help you when moving business premises! We’ll find great energy quotes so you get the best business gas and electricity deal for your usage.

Get in touch today to ensure a smooth transition from your current energy tariff to the next one! Simply enter your details into our easy online comparison service, or give us a call on 0800 411 8830 to get cheaper energy rates now!

Related Articles

Moving Premises and Business Energy

We know that moving into new businesses premises can be stressful and important tasks, such as organising your...

Read More

Deemed Contract Rates

What are Deemed Contracts? A Deemed Contract is an informal agreement which may be entered into should your bu...

Read More

Out-of-Contract Rates

Out-of-Contract rates Out-of-Contract rates are applied by business energy suppliers when customers have come ...

Read More
Excellent, 9.7 / 10

So helpful

"So helpful, especially as I found the contract renewal on my new half hourly meter quite baffling (KVA charges, MOP contracts and other "extras" all had me scratching my head). Arron took great care to explain everything clearly and told me everything I needed to know in order to be able to compare prices from all avenues on a level field. He didn't pester me endlessly for a decision did exactly as I asked in terms of call backs and quotations. Such a refreshing change to deal with someone who listens. Arron has helped me renew my contract next month through switchmybusiness in a very straightforward and painless way on an excellent rate. Fabulous service, thank you Arron."

This review was posted by Louise on the 18th of January 2018

A lovely lady called Bhavni phoned me …

"A lovely lady called Bhavni phoned me very quickly after I went online. She couldn't have been more helpful, explaining all the different rates for me. She managed to save me a huge amount per year - gave me her direct phone number if I needed to phone again - like gold-dust! even gave me a termination letter to send to my supplier. Couldn't have been easier and will definitely use again - and hope I get to speak to Bhavni again. Thanks again"

This review was posted by Julie Dickie on the 17th of January 2018

Excellent service and hassle free

"Excellent service and hassle free, Jessica Purnell handled everything for me and got us a great deal, even giving advice on how to cancel the previous contract. Thank You"

This review was posted by Neville Blenkinsopp on the 17th of January 2018

Brilliant service

"Brilliant service - very quick to the point and explained everything very well! Would recommend to anyone who is looking to change their electricity supplier."

This review was posted by Jess on the 17th of January 2018

Excellent service straight to the point …

"Excellent service straight to the point and the process was painless!"

This review was posted by Nick K on the 16th of January 2018