DCP228 and Business Electricity
What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...Read More
Out-of-Contract rates are applied by business energy suppliers when customers have come to the end of their negotiated contracts. They are usually applied when a business’s gas or electricity contract ends and is automatically renewed by the energy supplier.
Automatically renewing a business gas or electricity contract is a common practice amongst business energy suppliers. Although it may seem convenient that the service is automatically renewed for your business, it comes with a pretty hefty price tag.
Rather than being renewed with similar business energy rates to those which you were paying during your contract, your business will be charged much higher Out-of-Contract rates. These higher rates can be a massive sting to any company, especially small businesses carefully planning their expenditure.
If your business experiences Out-of-Contract rates have you decide to cancel this, you may be even face additional penalties for ending the renewed contract early. In some cases, your supplier may even reject your cancellation request and this will mean your business is stuck paying astronomical prices for gas and electricity.
However, business energy suppliers are not allowed to enforce Out-of-Contract rates without warning you. At least 60 days before the date on which your current business energy contract is due to end, you should be contacted with a statement of the renewal terms and a reminder to renew.
To avoid being hit by staggering Out-of-Contract rates, be sure to shop around for new energy deals for your business as early as possible – we’d recommend that you start comparing business energy tariffs up to six months before your current contract’s end date.
SwitchMyBusiness.com works directly with energy suppliers to offer great deals and we’ll even handle all the paperwork for you! We know that changing energy contracts can be hard work so our service is quick, easy and dedicated to making your switch effortless.
To find cheaper business energy prices today, simply enter your details with our online comparison service or get in touch on 0800 411 8830.
Good polite service!
"Had a lovely chat with Pamwan Johnson, so helpful & helped me understand everything he was telling me! Totally recommend this guy to talk with when it comes to matter like this!"This review was posted by Mr COE on the 15th of June 2018
I have just used Switch My Business…
"I have just used Switch My Business today to switch our gas supplier c/o Account Manager Mark Weeks - who offered an excellent service. I found the whole process very simple, quick and efficient, whilst also saving us money. Talking to an actual human person (Mark - who was concise, informative and had personality and humour!) on the end of the phone, and having all my questions answered was refreshing in this modern era of live chat and emails and mindless individuals!! I highly recommend you to switch your business now with Switch My Business."This review was posted by gemma Cammidge on the 15th of June 2018
Renewal has never been so easy!
"Carl rang to discuss our renewal for the Electricity. This is the second time we have renewed via Switch My Business after they arranged the initial transfer. As ever the options were clearly stated and the best deal agreed upon with no pressure."This review was posted by Steve M on the 14th of June 2018
Helpful and Patient
"Sharon was helpful and patient while we decided on the best new electricity supplier for our Club. She was able to offer us a fixed 3-year deal for only a few pounds more than we've been paying our current supplier (and much less than we were going to have to pay in future). I'm very grateful for her help."This review was posted by Alan B on the 13th of June 2018
Our church electricty
"Paying a silly amount for our church electricity. Went through Switch My Business website and came back with some better quotes. Janis rang straight away to discuss our options and found us a much better deal.She set it all up and provided the template to give notice to our previous supplier. Very straightforward and we are going to save at least £150 per annum. Great service"This review was posted by Bev from Cumbria on the 13th of June 2018