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

The UK Retail Landscape

The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a ...

Read More

UK Energy’s Getting Greener

There are a growing number of energy suppliers that offer 100% renewable energy tariffs to domestic and busine...

Read More

The Rise of UK Veganism

2020 feels like the year of the vegan. Over the last few years veganism has been creeping steadily into the ma...

Read More
Excellent, / 10

Jack Coyle was very helpful and…

"Jack Coyle was very helpful and efficient. Thank you"

This review was posted by Krista Tutin on the 21st of October 2020

the best service agent for switching…

"the best service agent for switching electricity"

This review was posted by Ultimate Craft on the 21st of October 2020

Big saving everyone

"Big saving everyone. I recommend this company 100%. A big thank you to Cheryl my business manager she’s amazing."

This review was posted by HARMEET SINGH on the 20th of October 2020

Awesome service

"Awesome service. Potentially saved my business over 4k over the next 3years! Brilliant."

This review was posted by Kat Banks on the 16th of October 2020

5 star service

"My account manager is Cheryl and she has made switching utilities so much easier. I never feel rushed to making a decision or feel any pressure. She offers great advice and explains everything so I completely understand. I first used Switch My Business a few months ago and because of the service I received, they were the first call for my current renewal. I highly recommend them."

This review was posted by Kerri on the 13th of October 2020