Opus Energy Ceased Trading in September 2024: What Happens Next?

What Does Opus Energy Ceasing Trading Mean for Your Energy Contract?

As of September 2024, Opus Energy ceased trading, and your contract has now been transferred to EDF Energy. This change might leave you wondering what impact it will have on your rates and what your next steps should be.



At The Smart Energy Company, we’re here to help you understand this transition and plan your next move to ensure you're not overpaying for energy. Here’s everything you need to know about the switch and what you can do to protect your business.

Your Energy Supply Is Safe, But What About Your Contract?

Your energy supply remains intact, but your Opus Energy contract is now under EDF Energy’s management. Depending on whether you were on a fixed or variable tariff, your contract details might have changed:

Fixed-Term Contracts:

• If you were on a fixed-term contract with Opus Energy, the good news is that your rates, terms, and conditions will stay the same until the contract ends. However, once your contract is up for renewal, you may face different rates, especially given the current state of the energy market.

Variable Tariff Contracts:

• For customers on a variable tariff, the situation is a bit different. Your tariff has been moved to the closest EDF Energy equivalent, which could mean new prices and terms. This could result in higher bills, so it’s essential to review your new contract carefully.

Can You Switch Suppliers After Opus Energy Ceased Trading?

Now that Opus Energy has ceased trading, you might be considering switching to a different supplier. Here's what you need to know:

• Fixed Contracts: If your contract was fixed, EDF will continue to honour it until the end of the term. While you can’t switch during the contract, now is the time to start planning for your next deal. You don’t want to be stuck with out-of-contract rates once your term ends.



• Variable Contracts: If you were on a variable tariff with Opus Energy, you have the freedom to switch suppliers right away. This might be a smart move, especially if EDF’s rates aren’t as competitive as other suppliers.

Why You Should Review Your Rates Now

With Opus Energy’s exit from the market and the volatility in energy prices, it’s more important than ever to review your rates and explore your options. Failing to act could result in rolling onto out-of-contract rates, which are typically much higher.



If your contract is nearing its end, this is the perfect time to compare live rates across different suppliers. Locking in a fixed rate could shield your business from future price hikes.

What Should You Do Next?

1. Review Your Current Contract:

Your contract has now transferred to EDF Energy, but are the rates still competitive? Review your new contract and determine whether switching to a different supplier might offer better savings.

2. Compare Market Rates:

The energy market is constantly shifting. We recommend comparing rates now to avoid rolling onto more expensive tariffs. Our team at The Smart Energy Company can help you access live market rates from over 20 suppliers, so you can lock in the best deal.

3. Plan Ahead to Avoid Future Price Rises:

If you’re on a fixed contract, start planning for your next renewal now. This way, you can avoid being caught off guard by out-of-contract rates and ensure you get the most competitive pricing when it’s time to switch.

Our Expertise Can Help You Secure a Better Deal

At The Smart Energy Company, we specialise in helping businesses navigate complex transitions like this one. Whether you’re considering a switch from EDF Energy or looking to lock in a new deal for the future, our team is here to guide you.

Here’s How We Can Help:

• Free contract reviews: We’ll help you assess your current contract and determine if you can save by switching.

• Live market comparisons: Get access to the most competitive rates from a wide range of suppliers.



• Proactive planning: Even if your contract isn’t up for renewal yet, we’ll help you stay ahead of the market and avoid price hikes.

Act Now to Secure Your Energy Savings