Deemed energy contracts are a supplier’s most basic tariff and are often much more expensive
New research from the University of Law suggests that millions of people are at risk of being caught out and overspending on bills by not checking their contracts as they renew. The study showed some 82 per cent of respondents admitted they don’t always check updated terms and conditions for rolling contracts or those which auto-renew, of which 36 per cent said they ‘hardly or never’ check the small print.
Professor Verma continued: “If anything were to go awry or you wanted to challenge something implemented by the supplier, a price increase for example, you’ll find it very difficult to do so if you have agreed to it in your contract’s terms and conditions. Deemed energy contract Dealing specifically with energy contracts, this is when your existing contract comes to an end, but your supplier continues to supply you. This happens when no renewal has been set up, or nothing has been arranged with another supplier.
Implied and Express Terms Implied terms relate to any terms of contract that may not be provided in writing or verbally, but are implied by law, practice or custom. Pro Rata Like many legal terms, Pro Rata is a Latin phrase, which means ‘for the rate’. This will often crop up when setting up a payment and means you will pay an amount for the fraction of the period according to its share of the whole cost.
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