What Happens if You Don’t Renew Your Energy Contract?
If your energy contract with Clear Business ends and you don’t take action by renewing or switching to a new supplier, your business will automatically be placed on out-of-contract (OOC) rates. These rates, also referred to as "standard variable rates," are significantly higher than those you would pay under a fixed-term contract. Here’s everything you need to know about Clear Business’s OOC rates and how to avoid paying these higher prices.
Clear Business Out-of-Contract Rates (Effective from July 2024)
Electricity:
Meter Type | Profile Class | Standing Charge (p/Day) | All (p/kWh) | Day (p/kWh) | Night (p/kWh) | Weekday (p/kWh) | Evening & Weekend (p/kWh) | Off Peak (p/kWh) |
Unrestricted | | 250 | 54.00 | | | | | |
Day/Night | | 250 | | 55.80 | 49.50 | | | |
Day /EWE | 01-04 | 250 | | 55.80 | | 55.80 | 52.20 | |
Off Peak | | 250 | | | | | | 49.50 |
Unrestricted | 05-08 | 500 | 54.00 | | | | | |
Day/Night | | 500 | | 55.80 | 49.50 | | | |
Unrestricted | 00 | 500 | 54.00 | | | | | |
Day/Night | | 500 | | 55.80 | 49.50 | | | |
Gas:
AQ Band (kWh) | Standing Charge (p/Day) | All (p/kWh) |
0 - 73,200 | 250 | 17.55 |
73,201 - 293,000 | 370 | 17.55 |
293,001 - 732,600 | 450 | 17.55 |
Note: If you pay by Direct Debit, you’ll receive a 20% discount on the rates displayed above.
Why You Should Act Now to Avoid Higher Costs
Out-of-contract rates are not designed to be permanent and are significantly more expensive than fixed-term contracts. Businesses placed on Clear Business’s OOC rates could see their energy costs rise sharply, sometimes by 40% or more. These higher costs can strain your business, especially when energy consumption is high.
To avoid this, it’s essential to either renew your contract or switch suppliers as soon as possible. Delaying the decision can result in unnecessary expenses that are easily avoidable.
How to Avoid Clear Business Out-of-Contract Rates
Smart Energy Company can help your business avoid paying these higher rates by securing a competitive energy deal. Whether you wish to stay with Clear Business or explore options from other suppliers, we’ll work on your behalf to find the best rates available.
How We Help:
Tailored Quotes: We provide quotes from over 20 trusted suppliers, ensuring your business gets the best rate based on your specific energy needs.
Personal Account Managers: Our team handles everything from negotiating rates to managing your contract renewal, so you can focus on running your business.
Hassle-Free Process: Simply provide us with a recent energy bill, and we’ll compare the market for you, making it easy to secure a better rate.
Compare Clear Business with Other Suppliers
If you're unsure whether Clear Business offers the best deal, we can help you compare their rates with other suppliers. By exploring multiple options, you’ll be able to make an informed decision and secure the most competitive rates for your business.
Visit our Clear Business supplier page for more information on their offerings and how they compare to other suppliers.
Why Choose Smart Energy Company?
Tailored Solutions: We find energy deals that are personalised to your business’s unique needs.
Transparent Pricing: With no hidden fees, you know exactly what you’re paying for.
Dedicated Support: Our account managers provide personalised service, from getting your quote to contract renewal.
Market Insights: Stay informed with regular updates on energy trends, helping you renew or switch at the best possible time.
Frequently Asked Questions
Q: What happens if I don’t renew my Clear Business contract?
A: If your contract ends and you don’t renew or switch, you’ll be automatically placed on Clear Business’s out-of-contract rates. These are higher than standard contract rates and will increase your energy costs.
Q: Can I stay with Clear Business but get a better rate?
A: Yes, we can negotiate on your behalf to secure a lower rate from Clear Business, or provide quotes from other suppliers so you can compare.
Q: How do I know if I’m on out-of-contract rates?
A: If your contract has expired and you haven’t taken action, you’re likely on Clear Business’s out-of-contract rates. Contact us for a quick review to confirm your current rate and explore savings.
Start Saving Today
There’s no need to overpay for energy. Get in touch with Smart Energy Company today for a free, no-obligation quote and discover how much you could save by switching or renewing your contract.
0151 459 3388 | info@smart-energy.uk
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