At Corona Energy, deemed rates apply if you move into premises it supplies and have never had a contract with it. If your contract ends without a new one, you pay its out-of-contract rates instead. Corona publishes both on one page, for electricity and gas, and says they may be more expensive than contract rates.
Corona Energy deemed and out-of-contract rates
What Corona calls them:
- Deemed tariff rates, for anyone who moves into a property Corona supplies and has never had a contract with it. You stay on them until you sign a contract, switch supplier or move out.
- Out-of-contract rates, which apply if your contract has expired or been terminated and you haven't moved to a new supplier.
Where Corona publishes its rates: on its deemed rates page (opens in a new tab), in tables set out by date and meter type for half-hourly electricity, non-half-hourly electricity and gas. Corona notes that part of the charge covers industry costs that apply even when no energy is used.
How to move off them: Corona suggests moving off deemed rates as quickly as you can. Its sales team can give you a quote, or you can get quotes from other suppliers.
Are you on them?
Have a look at your latest bill. You're probably on deemed or out-of-contract rates if:
- it says "deemed", "out of contract", "variable" or "default";
- it shows no contract end date, or one that has passed;
- you moved into the premises and never agreed a contract;
- your rates went up sharply around the date your contract was due to end.
Our guide to deemed and out-of-contract rates explains the difference between the two, and your rights.
On Corona Energy deemed or out-of-contract rates? Our free check compares your rates, standing charges and contract terms with today's market. A specialist will then ring to talk you through it, with no obligation. You don't need a bill to start.
What the rules say
Ofgem, the energy regulator, requires suppliers to take all reasonable steps to make sure their deemed contract terms aren't "unduly onerous", and to keep their deemed rates easy to find. Deemed rates can still cost more than a contract, because your supplier can't buy your energy in advance.
There's no fixed term on deemed rates, so you can move onto a contract whenever you're ready. If you're a microbusiness on out-of-contract rates, you don't have to give notice or pay a termination fee to leave them. Larger businesses should check their old contract for a notice period. For a microbusiness on a rolling (evergreen) contract, the notice can't be longer than 30 days.
You can usually move onto a new contract at any time, so it's worth comparing business electricity and gas prices.
Ready to get off deemed rates? Our free check compares your rates, standing charges and contract terms with today's market. A specialist will then ring to talk you through it, with no obligation. You don't need a bill to start.
Questions about Corona Energy deemed rates
What are Corona Energy out-of-contract rates?
Corona Energy charges out-of-contract rates if your contract has expired or been terminated and you haven't moved to a new supplier. It lists them on its deemed rates page, separately from its deemed tariff rates, which are for new occupants who've never had a contract with Corona.
Does Corona Energy supply electricity as well as gas?
Yes. Its deemed rates page covers half-hourly and non-half-hourly electricity as well as gas.
Why do I pay a Corona deemed charge when I use no energy?
Corona says part of its deemed charge covers industry and infrastructure costs, which apply even when no energy is used.
Can I switch supplier while I'm on deemed rates?
Yes. Deemed rates have no fixed term, so you can agree a contract with your current supplier or switch to another one. You'll stay on deemed rates until the switch goes through, which can take a few weeks.
Are deemed rates the same as out-of-contract rates?
Not always. Deemed rates apply when you use energy with no contract in place, such as after moving in, while out-of-contract rates apply when your contract ends without a new one. Some suppliers charge the same for both.
Sources
- Corona Energy, deemed rates page (opens in a new tab)
- Ofgem, guidance on deemed contracts
- Ofgem, get a business energy contract
- Ofgem, electricity supply standard licence conditions: condition 7A, including leaving out-of-contract rates without notice or a termination fee (7A.13B).
Energybench isn't connected with Corona Energy. This page is based on Corona Energy's own published information and Ofgem's rules.