When your business’s energy contract with British Gas ends without a new agreement in place, your account is automatically moved onto their out-of-contract rates (also referred to as Standard Variable Rates). These rates are typically higher than those available under fixed-term contracts, which can lead to significantly increased energy costs for your business.
One important factor to note is that electricity rates vary depending on where your business is located and which Distribution Network Operator (DNO) serves your area. Different regions in the UK can have different standing charges and unit rates.
Below is a breakdown of the current out-of-contract rates for both electricity and gas.
British Gas Electricity Out-of-Contract Rates (Effective 15th October 2024)
Profile Class | Standing Charge (p/day) | Unit Rate (p/kWh) |
01-04 Profile | 332.00 | 25.04 - 27.50 |
05-08 Profile & Half-Hourly | 685.00 | 25.95 - 28.30 |
Unmetered Supply (UMS) | 0.00 | 26.79 - 29.00 |
Note: The exact rate you pay for electricity will depend on the DNO that serves your area. To check your DNO region, refer to your electricity invoice or contact Smart Energy Company for assistance.
British Gas - Gas Out-of-Contract Rates (Effective 15th October 2024)
Meter Type | Standing Charge (p/day) | Unit Rate (p/kWh) |
Small Non-Daily Meter | 424.00 | 4.92 |
Large Non-Daily Meter | 4722.00 | 4.83 |
Daily Meter | 40738.00 | 4.83 |
Gas prices vary based on the type of meter you have and the size of your business’s annual gas usage.
Why It’s Important to Act Quickly
Remaining on British Gas’s out-of-contract rates can lead to significantly higher energy costs for your business. With electricity unit rates ranging up to 28.30 p/kWh depending on your location, and gas rates at 4.92 p/kWh, these costs are far higher than what you'd pay with a fixed-term contract.
By securing a fixed-term contract, your business can avoid further price increases and ensure stable pricing. Locking in a new contract now will help you gain certainty over your energy costs and potentially save your business a substantial amount.
How to Avoid Higher Rates with British Gas
At Smart Energy Company, we help businesses avoid these high out-of-contract rates by securing competitive energy deals. Whether you want to stay with British Gas or explore other suppliers, we offer tailored quotes that fit your energy needs.
Our Services Include:
Tailored Quotes: We compare rates from over 20 trusted suppliers, including British Gas.
Hassle-Free Switching: We manage the entire switching process for you, ensuring a smooth transition to a new contract.
Expert Advice: Stay up-to-date on energy market trends and lock in the best rates at the right time.
Compare British Gas with Other Suppliers
Curious to see how British Gas compares to other suppliers? Visit our supplier comparison page to explore rates and services from other energy providers. Learn more about British Gas by visiting their dedicated page here.
Contact Us:
Phone: 0151 459 3388
Email: info@smart-energy.uk
Or get an instant quote or bespoke quote on our website: Smart Energy Quotes
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