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Landlord imposed sub meter rate - help..

We have purchased a business run from a small rented unit where the landlord has installed sub meters for electricity and informed us the rate we will be paying is 20p per kilowatt hour.
We have not yet signed tenancy agreement and need to know more about rights on this - are they allowed to make a profit selling on electricity like this? What is a competitive business rate for lecky anyone please? Do we have right of access to see this meter - is not in our actual unit...help!

Comments

  • amcg100
    amcg100 Posts: 281 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    a good rate would be 14p - 15p for a small consumer. There are maximum reselling rates but not sure what they are.
    If a man does not keep pace with his companions, then perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away. thoreau
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    amcg100 wrote: »
    a good rate would be 14p - 15p for a small consumer. There are maximum reselling rates but not sure what they are.


    Its a business unit, different rates of contract and standing charges
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Taiko
    Taiko Posts: 2,729 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    http://www.decc.gov.uk/assets/decc/statistics/source/prices/qep341.xls

    That might provide you with an idea if you know likely consumption.
  • JC_Derby
    JC_Derby Posts: 823 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    We have purchased a business run from a small rented unit where the landlord has installed sub meters for electricity and informed us the rate we will be paying is 20p per kilowatt hour.
    We have not yet signed tenancy agreement and need to know more about rights on this - are they allowed to make a profit selling on electricity like this? What is a competitive business rate for lecky anyone please? Do we have right of access to see this meter - is not in our actual unit...help!
    They can charge you what they want i believe. you should have access to the meter though
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