When your fixed-term energy contract with Engie comes to an end, and you haven’t renewed or switched to another supplier, your account automatically moves onto Engie’s Out of Contract rates. These rates, also referred to as default energy rates, ensure continued supply but are significantly more expensive than fixed-term tariffs.
In this blog, we’ll outline Engie’s current out-of-contract rates, their potential impact on your business, and how The Smart Energy Company can help you save on energy costs by switching to a better deal.
Out of contract rates apply to customers who haven’t renewed their fixed-term agreements or switched suppliers after their contracts end. These rates are higher than standard contracted prices and include:
TCR Tariff Band | Day Rate (p/kWh) | Night Rate (p/kWh) | Standing Charge (£/day) |
---|---|---|---|
All LV & LV Sub Tariffs | 38.59 | 25.22 | 34.15 |
HV Bands 3 & 4 | 38.59 | 25.22 | 490.72 |
Designated EHV Properties | 38.59 | 25.22 | 6,761.00 |
Rate Type | Unit Rate (p/kWh) | Standing Charge (p/day) |
---|---|---|
All Units | 33.92 | 399.00 |
Volume Band | Unit Rate (p/kWh) | Standing Charge (p/day) |
---|---|---|
Less than 732,000 kWh | 11.27 | 534.00 |
732,000 - 58,599,999 kWh inclusive | 11.27 | 6025.00 |
58,600,000 kWh or above | 11.27 | 40,524.00 |
Remaining on Smartest Energy's out-of-contract rates can lead to:
At The Smart Energy Company, we specialise in helping businesses avoid excessive out-of-contract rates by securing the best deals available.
Here’s how we assist:
Out of Contract rates, also known as default energy rates, are the charges applied when your fixed-term contract has ended, and you haven’t renewed or switched suppliers. These rates are typically much higher than those of fixed-term contracts.
These rates apply from the day after your fixed-term contract ends or is terminated unless you have agreed to a new contract or switched suppliers.
Out of Contract rates are set higher to encourage customers to commit to a new fixed-term contract. They also reflect the increased risks and administrative costs associated with customers on these flexible arrangements.
Yes, you can switch suppliers or renew your contract at any time while on Out of Contract rates. Switching to a fixed-term deal can help you reduce your energy costs significantly.
We can compare the best energy deals available for your business, help you switch suppliers seamlessly, and ensure you’re never caught on Out of Contract rates again with our proactive contract management services.
Don't let high out-of-contract rates impact your business's bottom line. Contact The Smart Energy Company today for a free, no-obligation quote.
Contact us today for a free, no-obligation quote:
Call us: 0151 459 3388
Email us: info@smart-energy.uk
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