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
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!
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