Understanding TotalEnergies’ Standard Variable Tariff
TotalEnergies Gas & Power offers a Standard Variable Tariff (SVT) for both gas and electricity, providing flexibility for businesses that don’t wish to commit to a fixed-term contract. Their website states they allow businesses to leave by giving a 30-day notice, offering more freedom than fixed-term agreements. However, it’s important to note that, in reality, it no longer takes 30 days to change suppliers, and businesses are not required to serve a formal termination notice to switch providers.
Below, we break down the current SVT rates and explain how they could impact your energy costs.
Gas Standard Variable Tariff Rates
Energy Type | Rate | Notes |
Gas | 9.57 p/kWh | Plus a daily charge of £1.99/day*. |
*If your AQ (Annual Quantity) is higher than 732,000 kWh, a site-specific daily standing charge may apply.
Electricity Standard Variable Tariff Rates
Rate Type | Rate (p/kWh) | Notes |
Day | 36.16 p/kWh | Applies during peak usage hours. |
Night | 26.10 p/kWh | Applies during off-peak hours, ideal for businesses with overnight operations. |
Single | 33.92 p/kWh | For businesses on a single-rate meter. |
Standing Charges: These charges are passed-through and tailored to each individual meter, which means the daily charge can vary depending on the specific site and its consumption pattern.
What Does This Mean for Your Business?
While TotalEnergies’ Standard Variable Tariff offers some flexibility, there are a few key considerations to keep in mind:
Higher Costs Compared to Fixed-Term Contracts: Standard Variable Tariffs typically come with higher unit rates, which can lead to increased costs over time, especially for businesses with higher energy consumption.
No Termination Requirement: Despite TotalEnergies' claim of a 30-day notice period, the Flexible Market Regulation System (FMRS) allows you to switch suppliers more quickly and without serving a formal termination notice.
Uncertainty with Rate Changes: TotalEnergies provides a 30-day notice before any changes to SVT rates. This is beneficial for planning, but businesses can still face unexpected cost increases if they remain on a variable rate for too long.
How to Avoid Paying More with TotalEnergies
At Smart Energy Company, we specialise in helping businesses find the best energy deals and avoid the pitfalls of remaining on higher-cost tariffs like SVTs. Our expertise allows us to compare rates from over 20 suppliers, including TotalEnergies, ensuring that you get a tailored quote that fits your business’s needs.
Our Services Include:
Customised Quotes: Find out how much you could save compared to TotalEnergies’ Standard Variable Tariff.
Expert Guidance: We’ll help you understand your options and choose the best contract type for your business.
Smooth Switching: Thanks to the FMRS, switching suppliers is quicker than ever—no need to worry about long notice periods.
Final Thoughts: Is TotalEnergies’ Standard Variable Tariff Right for Your Business?
While the Standard Variable Tariff from TotalEnergies offers flexibility, it often comes at a higher price. Understanding the difference between a variable rate and a fixed-term contract can help your business avoid unexpected costs and ensure more stable energy expenses.
If you’re currently on TotalEnergies’ Standard Variable Tariff, let Smart Energy Company help you explore more competitive options. With our tailored advice, you can lock in better rates and avoid paying more than necessary.
0151 459 3388 | info@smart-energy.uk
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