Landlord imposed sub meter rate - help..

palescottishperson

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!

amcg100

a good rate would be 14p - 15p for a small consumer. There are maximum reselling rates but not sure what they are.

chanz4

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

Taiko

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

palescottishperson wrote: »

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