Out-of-Contract Rates with Dyce Energy: Why They Matter for Your Business
When your energy contract with Dyce Energy ends and you haven’t secured a new agreement, you’ll automatically be placed on their out-of-contract rates. These rates are usually higher than those offered in fixed-term contracts, making it important to understand the potential impact on your energy expenses.
With Dyce Energy’s recent partnership with Yü Energy, there are some changes in billing processes, but the out-of-contract rates remain crucial for businesses to consider. For more details on how this partnership might affect your billing and service, you can read our dedicated blog here.
Current Out-of-Contract Rates for October 2024
Electricity Out-of-Contract Rates
Rate Type | Standing Charge (p/day) | Unit Rate (p/kWh) |
Non-Half Hourly (NHH) | 649 | 44 |
Gas Out-of-Contract Rates
Band | AQ Range (kWh) | Standing Charge (p/day) | Unit Rate (p/kWh) |
1 | 0 - 73,200 | 499 | 14 |
2 | 73,201 - 732,000 | 499 | 14 |
3 | > 732,000 | 2,285* | 14 |
*Note: The Band 3 standing charge is a minimum, and additional fixed costs will be passed through.
These rates reflect the minimum standing charges and unit rates that businesses may face if they are placed on out-of-contract terms with Dyce Energy.
Why It’s Important to Avoid Out-of-Contract Rates
Being placed on out-of-contract rates means your business could face higher energy costs than those available through a fixed-term contract. Here’s what you need to consider:
Higher Costs: Out-of-contract rates are typically more than double the rates of competitive fixed-term contracts. This can have a significant impact on your bottom line, especially for businesses with high energy usage.
Variable Standing Charges: For businesses consuming more than 732,000 kWh of gas annually, the site-specific standing charge can further increase costs, making it important to explore more stable contract options.
No Price Stability: Out-of-contract rates can fluctuate, leading to unpredictable energy bills and complicating your budgeting process.
How to Avoid Paying Higher Rates with Dyce Energy
At Smart Energy Company, we specialise in helping businesses secure the best energy deals before their contracts expire. If your business is currently facing out-of-contract rates with Dyce Energy, our team can help you explore more affordable options, including fixed-term contracts with Dyce Energy or other leading suppliers.
Our Services Include:
Customised Quotes: We compare rates from over 20 trusted suppliers, ensuring you get the best deal for your business.
Smooth Switching Process: Thanks to our expertise, transitioning from out-of-contract rates to a new plan is quick and hassle-free.
Market Insights: Our regular updates help you stay informed about market trends and ensure you lock in a contract at the right time.
See How Dyce Energy Stacks Up Against Other Suppliers
Curious to see how Dyce Energy compares with other energy providers? Explore our comprehensive supplier reviews to find the best option for your business.
Compare suppliers now and learn more about Dyce Energy to make an informed decision.
Final Thoughts: Is Staying on Out-of-Contract Rates the Right Choice for Your Business?
While out-of-contract rates with Dyce Energy provide flexibility, they often come at a premium. Understanding the difference between these temporary rates and a fixed-term contract can help your business avoid unnecessary expenses.
At Smart Energy Company, we can guide you through finding the most cost-effective solution, whether that means locking in a new contract with Dyce Energy or exploring options from other suppliers. Don’t pay more than you need to—get in touch today for a free quote.
0151 459 3388 | info@smart-energy.uk
Comments