Important Contract Prices
The prices presented within this report do not include any VAT or Green Deal unless otherwise stated.
Please note that transferring suppliers can take up to 28 days.
If you decide to change suppliers, and your contract expires within the next 28 days, then you may be charged higher rates for the period between your old contract ending, and the contract with your new supplier starting. This potential increase is known as out of contract rates.
If you currently have a smart meter and you move energy suppliers, there is a possibility your new supplier will be unable to automatically read the meter. This is because not all smart meters are compatible with all energy suppliers. Your meter will operate as a traditional meter and will need to be read to produce an invoice based on actual readings.
Climate Change Levy (CCL)
In this contract comparison report we use the current CCL rate which started from April 26 within our calculations. The CCL charge is added to Gas and Electricity invoices for each kWh used, with the following exceptions.
If your meter uses less than an average, per billing period, of 33 kWh of Electricity per day, or 145 kWh of gas per day, or the supply for domestic or non-business charity use, then you would be exempt from paying CCL.
Third Party Charges – Changes
From April 2023 Ofgem are proposing a change to how some third-party charges are recovered. It is possible Fixed price contracts, from this point may be reviewed by your energy supplier, specifically Electricity Transmission and Balancing charges.
Additionally, there is the potential for changes to Electricity Distribution costs in 2026. If you have any queries regarding this, then please ask your Energy Contract Enthusiast.
Third Party Charges
The cost of your energy is made up of many different factors, one of which is Third Party Charges. These external charges are not controlled by the energy supplier and include the cost of transporting the energy to your property, your meter(s), government taxes and environmental initiatives.
At times over the past few years Third Party Charges have seen an unprecedented and unexpected increase. Due to the level of increase some energy suppliers cannot absorb the additional cost and we have seen them enact clauses within their contracts allowing them to review the contract and Pass On these increases.
For more information on please speak to your Energy Contract Enthusiast here.
What This Means To You & Things to Consider
If your supplier decides to conduct a mid-contract review this can change your price. It is possible for increases to occur during an existing fixed term contract.
Our Contract Comparison Report compares the current price offered by each supplier. However, if your chosen supplier conducts a mid-contract review then this can have an effect on your price during your contract.
We endeavour to present our report in a fair and transparent manner. If you are unsure about which new contract option is best for your organisation please ask me for more information, as we can provide guidance on
- Which suppliers are currently conducting mid-contract price reviews
- What Fully Fixed Priced Contract options are available to you
- The impact that a Pass Through Contract could have on your organisation