Introduction
Did you know that falling into out-of-contract rates with Drax can significantly increase your energy costs? Many businesses miss their renewal opportunities and end up paying much higher rates. This blog highlights the importance of securing a new energy contract and how Smart Energy can help you find savings.
Understanding Drax’s Out of Contract Rates
When your fixed energy contract with Drax ends, you automatically move to their out-of-contract (OOC) rates. These rates are higher than your contracted rates and can fluctuate, leading to increased energy expenses.
What are Drax’s Current Out of Contract Rates?
Effective from 1st July 2024:
Profile Class | Day Rate (p/kWh) | Standing Charge (p/Day) | Other costs |
1,2,3,4 | 31.84 | 300.00 | |
5,6,7,8 | 31.84 | 400.00 | |
0 (Half Hourly) | 26.36 +TNUos and DUoS* | 2500* | Metering / DA / DC / Reactive Power at cost |
*HHAC + TNUoS and DUoS to be added on
For Profile Classes 1-8, all Day and Eve/Weekend units will be charged at the ‘Day Rate’ price. For Profile Class 0 (Half Hourly), all units will be charged at the ‘Day Rate’ price, plus additional pass-through costs.
Sticking to OOC rates can lead to substantial increases in your energy expenditure, often up to 70% more than contracted rates. This unpredictability in costs can be a significant burden for any business.
The Urgency to Act
Energy suppliers like Drax typically send renewal quotes three months before the end of a contract. Ignoring these can lead to automatic switches to out-of-contract rates. With Drax’s higher rates compared to standard tariffs, it is crucial to secure a new contract promptly.
How The Smart Energy Company Can Assist
We provide an effective solution to escape the high OOC rates. By comparing rates from over 20 suppliers, we find the most cost-efficient option for your business. Our tailored solutions ensure you receive competitive rates suited to your specific energy needs.
Why Choose The Smart Energy Company?
Cost Savings: We access base rates from multiple suppliers, enabling us to find cheaper contracts, whether you stay with your current supplier or switch.
Budget Predictability: Our fixed-rate contracts help in stabilising your budget.
Personalised Support: Our team offers tailored advice, ensuring you fully understand and benefit from your energy plan.
Simplifying the Switch
Switching from high OOC rates to a more affordable plan with us is straightforward. We handle everything from analysis to the switch-over, reducing your energy costs and maximising efficiency.
Don’t let Drax’s high out-of-contract rates affect your business’s finances. Partner with The Smart Energy Company to discover a pathway to reduced energy costs and better budget management.
Ready to reduce your energy expenses? Contact us today for a free consultation and discover how much you can save with Smart Energy!
0151 459 3388 | info@smart-energy.uk
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