This is an important letter that you can use to inform your customers of an upcoming increase in prices or fees. The letter will contain details about the reason for the increase, the new rates or fees, and the effective date of the change. Note that most people who use this template are companies in industries such as utilities, insurance, and subscription services to communicate changes in pricing to their customers. This template can be customized to suit the specific change you wish to communicate.
Sample 1: Price Increase Notification Letter to a Client
This is used to inform customers of an upcoming increase in prices. It includes details such as the percentage increase, start date, previous and current amounts, and reason for the increase. It also reassures the customers that prices are still competitive and invites them to reach out with questions or inquiries.
Suggested Subject: Notice of Rate Increase
Dear (Client’s name),
I’m writing to inform you that our prices will increase by (percentage increase) with effect from (start date). For you, this means an increase from (the previous amount) to (the current amount). This price update takes effect from (the date the increase starts).
(State the reason for the increase)
To continue to provide you with great service, we have to increase our prices to (restate reason for increase). We are confident that our prices are competitive in this market.
Please do not hesitate to contact us if you have any questions or inquiries.
Yours Sincerely,
(Your name and position.)
Sample 2: Cost Increase Notification Letter to a Loyal Customer
This is a letter from a company to a client, informing them that the company will increase their rates by a certain percentage. The letter explains that the decision to increase rates was not made lightly and was necessary to continue providing great service to the client. The letter also includes the date the new rates will take effect and encourages the client to contact the company with further questions or concerns.
Suggested Subject: Rate Adjustment Announcement”
Dear (name of client),
After much consideration, we at (name of company) have decided to increase our rates by (percentage increase). This means your new rate starts from (include date of increase).
This decision was not taken lightly as it was the only way to continue to provide you with great service given the (state reason for price increase). We believe increasing our rates is the only course of action we can take to continue providing you with great service.
Thank you for your continued patronage and trust. Please do not hesitate to contact us for further clarifications or inquiries.
Sincerely,
(Your name and Position)
Sample 3: Rate Increase Letter
This letter informs a specific client that the company’s prices will increase by 20% starting in July. It includes the previous amount and the expected amount. The sample also outlined the reason for the expected increase. You can modify this for your personal use.
Suggested Subject: Adjustment to Service Fees
Dear Jason Todd,
I’m writing to inform you that our prices will increase by 20% with effect from July. For you, this means an increase from $500 monthly to $600. For you, this price update will come into effect from the August invoice.
The reason for this price update is the rising cost of living in my city. This greatly impacts my work, and I believe the only action plan is increasing my rates.
To continue to provide you with the great service you’ve been getting, this is the decision we must take as a company. We are confident that our prices are competitive in this market.
Please do not hesitate to contact us if you have any questions or inquiries.
Yours Sincerely,
Benjamin Affleck
Head of Client Relations
Sample 4: Rate Increase Letter
In this sample, the letter is written on behalf of the company. You can use this sample to inform your customers of increased rates.
Suggested Subject: Important Changes to Your Billing Rates
Dear Ryan Wilson,
After much consideration, we at Woculus Inc. have decided to increase our rates by 10%. This means our new fee starting from June will be $990, from the previous fee of $900.
This decision was not taken lightly, as it was the only way to continue to provide you with great service given the increasing cost of the price of the tools we use. We believe that increasing our rates is the only course of action we can take to continue providing you with great service.
Thank you for your continued patronage and trust. Please do not hesitate to contact us for further clarifications or inquiries.
Sincerely,
Reynolds Wade
Head of Operations Woculus
Sample 5: Rate Increase Letter
This is a formal notice to inform the client about the rate increase of a particular product or service. The email clearly explains the increase and emphasizes the company’s commitment to providing quality products or services. The tone is professional and polite.
Suggested Subject: Notice of Rate Increase
Dear [Client],
We would like to inform you that effective [Date], our rates for [Service/Product] will increase by [Percentage/Amount]. This decision was not made lightly, but due to [reasons for the increase, such as inflation or increased production costs], we must adjust our pricing.
We understand that this may cause some inconvenience for you, but we want to assure you that we are committed to providing high-quality [Service/Product] and believe that our new rates are still competitive within the market.
If you have any questions or concerns, please don’t hesitate to contact us. We value your business and appreciate your understanding.
Best regards,
[Your Name]
Sample 6: Rate Increase Letter
This is a promotional email that informs the client about a limited-time offer before the rate increase.
Suggested Subject: Limited Time Offer
Dear [Client],
We wanted to let you know that we are offering a special promotion on our [Service/Product] for a limited time. Take advantage of this opportunity to lock in our current rates before they increase on [Date].
Our [Service/Product] has been popular among our clients, and we believe that the value it provides is worth the investment. By taking advantage of this promotion, you can continue to enjoy the benefits of our [Service/Product] at a lower rate.
Don’t wait too long to act on this offer. Contact us today to learn more.
Best regards,
[Your Name]