Utilita business electricity rates and tariffs
Electricity tariffs vary across Britain depending on the region, the energy supply costs, and the energy company that supplies your business. In most cases, you will pay a fixed rate tariff or a variable rate tariff - a PAYG tariff is not as common.
Utilita is primarily a PAYG energy company meaning you can top up your electricity as and when it's required, this means the company has a slightly different approach to tariffs than the big six energy providers.
Businesses might be sceptical of a PAYG tariff because it seems less reliable; however, there are some clear advantages. A PAYG tariff allows a business to closely monitor its energy usage and pare down its costs - this also contributes to zero-carbon efforts.
The majority of contracts offered by Utilita are pay-as-you-go contracts with no exit fee.
The price you pay for your unit rate electricity in the duration of the PAYG top-up contract might vary based on the supply costs and the market conditions, but you won't have a fixed-term contract to manage.
That said, fixed-term contracts exist with Utilita, mainly for business customers. A fixed-term contract can be cancelled with 30 days notice, but a termination fee needs to be paid.
Most of Utilita's contracts don't have any exit fees, there's no need for those because the supply simply ends if the power is not topped up.
Utilita's variable-rate contract is called the Smart Energy Tariff. This uses a threshold system to help customers spread the cost of their energy across the month.
After the customer crosses the monthly unit rate energy usage threshold -currently 2kWh - they switch from unit rate 1 to unit rate 2 and pay a bit more for their electricity in the PAYG top-up model.
Deemed or out of contract rates
Since the majority of tariffs offered by Utilita are PAYG, there is no need for out of contract rates. The energy supply simply stops. That's not always the case with other suppliers.
Deemed rates exist for businesses that don't have a pre-arranged contract with Utilita. These rates are charged daily as a standing charge, but with a different night rate and a different rate for evenings and weekends.