A deemed business energy bill usually costs a lot more than an agreed business energy tariff, and can even be up to 80% more expensive. Approximately 10% of microbusinesses in the UK are currently being charged for their energy usage via deemed bills, which means they are being hugely overcharged for their gas and electricity.
The reason for a deemed energy contract being more costly is because there has been no negotiation regarding energy demands or rate. The energy supplier is, therefore, able to charge the business their fixed deemed rate, and the business has no chance to broker it.
If you are unsure whether or not your business is on a deemed tariff, we advise checking immediately. These tariffs are some of the most expensive and uncompetitive on the market and should be avoided if possible.