Standard Rates
What happens at the end of my fixed-price period?
Your energy supply won’t switch off immediately, but if you haven’t renewed with us or if you don’t have a new supplier in place by this date, you will be charged what is known as a Standard Rate. We don’t want you to be caught off guard, so please make sure you read on to learn more about how it all works.
What's a Standard Rate?
This is the default rate that covers the continuation of electricity supply to your business address, while you’re in between suppliers. It covers things such as meter charges as well as a standard unit rate of electricity. You should know upfront that a Standard Rate rate is much higher than the RED price you’re used to, because once your fixed-price period ends you’re no longer being matched with our renewable generators - you’re getting your energy through the wholesale market.
When else would Standard Rates apply?
If you’ve recently changed tenancy or taken on a new business premise there may be a Standard Rate applied to that meter. Don’t leave it too long before you sign a new energy contract. Joining tem with a RED contract will ensure you’re matched with our network of renewable generators at a fair, affordable price.
Can I get a breakdown of Standard Rates?
Absolutely. If you are on a half-hour meter, you will be charged a unit rate of 29p/KWh applied to each actual or estimated unit of electricity supplied. There are also fixed industry charges that are passed directly through to you, including:
A standing charge, which covers distribution costs of energy and supporting government schemes
A charge for the maintenance of the transmission system of electricity (also known
as Transmission Network Use of System)A capacity charge
Other charges that you would have seen in your RED price including The Climate Change Levy, reactive power, excess capacity and meter charges
If you are on a non-half-hour meter, you will be charged a unit rate of 32.68p/KWh applied to each actual or estimated unit of electricity supplied as above. There are
a few differences on the fixed industry charges passed directly through to you, including:
a standing charge, which covers distribution costs of energy and supporting government schemes
an additional daily standing charge (£3.54/day) to cover third party distribution charges, metering costs and administration costs;
a charge for the maintenance of the transmission system of electricity
(also known as Transmission Network Use of System)The Climate Change Levy is also passed through to you
And if you’re unsure what meter system you’re on, check your contract or latest invoice.
How can I avoid Standard Rates?
Get a jumpstart on things, well before your fixed-price period ends. You can renew with us anytime before your fixed-price period end date to avoid paying a Standard Rate. When you renew you’ll be matched across our network of renewable generators to unlock a fair and affordable price for your energy, without being hit with wholesale fees. Just ask us how on our Get in Touch page.