If your contract with Drax Energy has expired or is coming to an end, your business could be facing significantly higher out-of-contract (OOC) rates. These rates are not fixed and can change at any time, meaning you could be overpaying compared to businesses on fixed-term agreements.
๏ปฟWhen a contract ends and no new deal is arranged, suppliers move businesses onto out-of-contract rates, which are:
Let’s examine Drax Energy’s latest out-of-contract rates and how they compare to previous rates.
Date Range | Day Rate (p/kWh) | Standing Charge (p/day) | % Increase (Day Rate) | % Increase (Standing Charge) |
---|---|---|---|---|
01 October 2024 - 31 Dec 2024 | 37.28 | 300 | - | - |
01 Jan 2025 | 37.79 | 250 | +1.37% | -16.67% |
Date Range | Day Rate (p/kWh) | Standing Charge (p/day) | % Increase (Day Rate) |
---|---|---|---|
01 Oct 2024 - 31 Dec 2024 | 29.26 | See Notes*** | - |
01 Jan 2025 | 31.53 | See Notes*** | +7.76% |
๐ Note: Half-hourly metered customers also pay additional pass-through charges for Metering, Data Aggregation (DA), Data Collection (DC), Half-Hourly Availability Charge (HHAC), and Reactive Power at cost.
Drax Energy’s latest OOC electricity rates have increased, with the half-hourly rate rising by 7.76%. This means businesses could see a sharp increase in their energy bills if they do not secure a fixed contract.
These rates can change at any time, with no prior warning. Remaining on OOC rates leaves your business exposed to unpredictable cost increases.
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Always renew or switch before your contract ends to avoid being moved onto OOC rates.
Suppliers often send renewal offers, but these may not always be the best rates available. Compare these quotes before committing.
Fixed-term rates are almost always cheaper than OOC pricing. We compare 25+ suppliers to secure the best deal for your business.
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Remember: If you do nothing, you could end up paying significantly more than the standard published rates.
If you don’t renew or switch, your contract will move to Drax’s Variable Rates. These are higher than fixed-term rates and less predictable, as they can change at any time.
Yes, you can switch suppliers at any time while on Variable Rates without providing notice. However, you’ll need to settle any outstanding balance before switching.
Pass-through charges include DUoS, TNUoS, HHAC, and other costs incurred for maintaining the distribution and transmission networks. These charges are applied at cost and vary depending on your meter type and usage.
Contact us before your contract ends to explore fixed-term contract options or switch to a supplier offering more competitive rates.
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Call: 0151 459 3388
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Email:
info@smart-energy.uk
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Get a Quote:
smart-energy.uk/free-business-energy-quote
๐จ Act now if your contract has ended or is expiring soon – avoid overpaying on Drax Energy’s out-of-contract rates.
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