What are ‘out of contract’ or deemed rates? 

Out of contract rates refer to the default charge a business is levied with when their contract ends and no new alternative is put in place, i.e. renewing the supply agreement with the existing supplier or entering into a supply agreement with a new supplier. These can be expensive, so you should always remember to arrange a new contract before the out of contract rates come into effect.  

Deemed rates are charged when there was never a contract in place, as with when a new tenant moves into an existing site.