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Energy Glossary

Deemed Rates

The expensive variable rates you're charged when you haven't signed a contract.

What are Deemed Rates?

Deemed rates (also called "out of contract rates") are variable energy prices that apply when you don't have an active contract with a supplier. They're typically 30-50% more expensive than negotiated contract rates.

When do deemed rates apply?

You'll be on deemed rates if:

  • You've just moved into a new property

    • Your previous contract has expired

      • You haven't signed a new contract with any supplier

        • There's debt from a previous tenant blocking your account

          Why are they so expensive?

          Deemed rates are essentially a penalty for not being on a contract:

          • Suppliers have no guarantee of your custom

            • They hedge energy at higher rates

              • There's less administrative efficiency

                How we help

                This is exactly what SwitchAdmin fixes. Many businesses moving into new premises get trapped on deemed rates because of previous tenant debt or administrative delays. We:

                1. Clear any debt blocking your account 2. Register the Change of Tenancy 3. Get you onto a competitive fixed contract

                All for free.

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