Ruby Energy (Formerly BES Utilities) Out-of-Contract Rates: What You Need to Know
Don’t Get Stuck Paying Higher Rates: A Guide to Ruby Energy’s Default Contract Prices
If your business energy contract with Ruby Energy (formerly BES Utilities) has ended, and you haven’t agreed on a new deal or switched suppliers, you’ll be placed on their Default Contract. These are effectively out-of-contract prices, and like most suppliers, Ruby Energy’s default rates are significantly higher than their in-contract tariffs.
In this blog, we’ll break down Ruby Energy’s current Default Contract prices for electricity and gas, explain the impact on your business, and show you how The Smart Energy Company can help you avoid these higher rates and secure a better deal.
What Are Ruby Energy’s Default Contract Prices?
Ruby Energy’s Default Contract rates are applied when a previous contract has ended without renewal or if you’ve not yet switched to a new supplier. The rates, which include standing charges and unit rates, are as follows:
Gas Default Contract Rates
| Annual Consumption (AQ Band) | Standing Charge (p/day) | Unit Rates (p/kWh) |
|---|---|---|
| 0 - 73,200 kWh | 450 | 11.96 |
| 73,201 - 293,000 kWh | 600 | 7.86 |
| 293,001 kWh and above | 850 | 7.86 |
Note: These rates are exclusive of VAT and the Climate Change Levy (CCL).
Electricity Default Contract Rates
| Meter Type | Standing Charge (p/day) | Unit Rate (p/kWh) |
|---|---|---|
| Non-Half-Hourly (PC 01-08) | 300 | 46.20 |
| Half-Hourly (PC 00) | 500 | 42.70 |
Why Are Ruby Energy’s Default Contract Prices So High?
Like most energy suppliers, Ruby Energy’s default prices are designed to encourage customers to either renew their contracts or switch to a new supplier. While these rates ensure continued supply, they are typically 30% to 50% higher than standard in-contract tariffs.
Additionally, the high standing charges and unit rates can significantly inflate your business’s energy bills, especially if you have high consumption needs.
How Out-of-Contract Rates Impact Your Business
Remaining on Ruby Energy’s Default Contract can lead to:
- Higher Costs:
- Electricity rates for Non-Half-Hourly meters are as high as 46.2p/kWh, while gas rates for smaller consumption bands can reach 11.96p/kWh.
- Standing charges of up to 850p/day for gas can further increase your energy costs.
- Unpredictable Expenses:
- Default prices can change with limited notice, making budgeting and financial forecasting difficult.
- Missed Savings Opportunities:
- Tailored in-contract tariffs often offer lower unit rates and additional benefits, such as access to green energy options.
How The Smart Energy Company Can Help
The Smart Energy Company specialises in helping businesses like yours avoid the pitfalls of default or out-of-contract energy rates. Here’s how we can assist:
- Competitive Deals
We’ll find the best in-contract rates from leading suppliers, tailored to your business’s energy needs and consumption patterns.
- Hassle-Free Switching
We handle all the paperwork and liaise with suppliers to ensure a smooth transition to your new contract.
- Proactive Contract Management
We monitor your contract end dates and notify you well in advance, so you’ll never fall onto default rates again.
- Expert Advice
Whether you’re looking to save on costs or switch to renewable energy, we’ll provide transparent and practical guidance.
Why Act Now?
Every day spent on Ruby Energy’s Default Contract prices costs your business more than necessary. By switching to an in-contract deal, you can:
- Reduce Your Costs: Significantly reduce your energy costs by accessing competitive tariffs.
- Lock in Price Stability: Lock in fixed or flexible pricing for better control over your energy budget.
- Focus on Growth: Let us handle the heavy lifting so you can focus on running your business.
FAQs About British Gas's Out of Contract Rates
How do I know if I’m on out-of-contract rates?
You’re likely on out-of-contract rates if your energy bill shows higher standing charges and unit rates than your previous contract. You will also notice there will be no contract end date on your bills. Contact us, and we’ll help confirm your status and explore your options.
Can I switch suppliers while on out-of-contract rates?
Yes! Businesses on OOC rates can switch suppliers at any time without penalties. It now only takes 2 - 5 days to switch suppliers too. The Smart Energy Company can guide you through the process quickly and easily.
What happens if I don’t renew my contract?
You’ll remain on Ruby Energy’s Default Contract prices, which are much higher than competitive in-contract rates.
Take Action Today
Don’t let Ruby Energy’s Default Contract prices drain your business finances. Let The Smart Energy Company help you secure a better deal and save money.
Contact us today for a free, no-obligation quote:
Call us: 0151 459 3388
Email us: info@smart-energy.uk
Get a quote online:
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