What Does Grid Mix Fixed-rate Price Mean

This guide was largely written before the current energy market challenges that take seen switching go virtually obsolete for most customers. The information in it regarding switching volition still exist valid when switching returns.

What is a stock-still price energy tariff?

How do fixed energy tariffs piece of work?

Fixed price gas and electricity tariffs guarantee that the price of your energy will not become upward for a set amount of fourth dimension. The near common fixed charge per unit tariffs last for 12 months. If you lot shop effectually you might besides be able to find two or even 3 year fixed energy deals, which give you peace of heed for fifty-fifty longer.

It is important to note that selecting a stock-still price energy plan does not hateful y'all volition be paying the same corporeality for your energy bill each calendar month. Your energy unit rates are frozen, so if you lot are on a stock-still plan and you use more energy one month than some other, the bills you will receive will differ accordingly. Nevertheless, the charge per unit you lot pay for each unit of energy volition exist frozen for the duration of the contract.

Fixed price energy deals offer the protection of fixed prices and competitive market rates. They often appeal to those looking for a medium or short term solution to avoiding free energy price rises and offering great value.

On the other hand, fixed price energy can as well be more expensive than the cheapestonline free energy tariffs, particularly if you are considering a long term deal. Fixed price plans also sometimes include an early exit fee, which you volition take to pay if you decide to switch tariff before the stop of your contract.

If you lot're because switching to a long term deal, i.eastward. i that fixes your unit rates for at least xviii months, selecting a fixed price gas and electricity tariff might be a risk. If free energy prices ascension yous stand to make some big savings, but if they don't, you could stop up paying over the odds and faced with an early on leave fee should you decide to switch.

Why exercise I need to know when my fixed price program ends?

The engagement your fixed price energy plan ends should certainly exist one that'southward marked in your diary, for a whole host of reasons. Our video explains why.

What should I do when my fixed price plan ends?

When your stock-still program is virtually to end, the kickoff thing to do is notice out which plan your supplier volition be moving you to. This may exist your supplier'south 'Standard' program, although some suppliers may offer you the run a risk to fix your prices once more.

Standard energy plans are among the almost expensive in the market and there are usually cheaper plans available. If you're offered the adventure to fix your prices again, you may wish to accept it, if you are willing to pay above-average prices in return for security against potential price rises in the time to come.

Once you know what free energy program you're being moved to:

Compare all available energy plans online and notice out how your new plan compares to other deals.
Switch your gas and electricity supplier if you find that you could be saving money with some other energy supplier.

For an updated listing of fixed cost plans coming to an end in the coming weeks, visit ourfixed rate plans guide and scroll to the bottom of the page.

Should I prepare my energy prices?

Information technology's up to yous whether to cull fixed toll energy or not. Fixed price energy tariffs are ordinarily a fantastic option, offering security at the very to the lowest degree, and big savings when you switch at the right time.

However, the energy market has been a volatile one since about September 2021. Wholesale free energy prices have massively increased, which has meant that suppliers have pulled almost all stock-still deals - those that are available as of June 2022 are pretty much just offered to existing customers who are on standard variable tariffs. If you are eligible for one of these fixed deals, you may desire to take it in guild to be sure about the toll you'll pay and protect yourself against future cost cap rises, but in that location are some caveats to be enlightened of - check out our dos and don'ts of fixing your energy bargain here.

If y'all use our online tool to find a fixed price tariff, it'southward possible it could cost more than your current variable program. Many fixed price energy plans offering amend value, and fifty-fifty the slightly more expensive options will salvage you coin if free energy prices rise in the near future.

Example study "Thank you to a friend's suggestion I first used Uswitch to switch my free energy provider terminal year. I was pleasantly surprised by how uncomplicated the process was. I loved that all I had to do was pick the deal I wanted and everything else would be taken care of. There was no disruption in service, and I was paying almost £20 less every month on a fixed plan."

Charles, Uswitch customer

How else can I control my energy prices?

The simplest way to ensure your free energy costs don't get up, whether you choose fixed price free energy or not, is to command your usage. Whether prices become up or down, if you can reduce your usage you volition always exist in control of your free energy bills.

The simplest changes tin can be fabricated around the dwelling house. Checking for draughts around windows and doors is simple, and installing draught proofing is cheap and easy to practise. It will besides save you a lot of money, with an estimated xxx% of heat in the home lost through draughts. The almost common culprits are effectually doors and windows, simply you should also check floorboards, loft hatches and letterboxes.

Other uncomplicated changes include dropping the thermostat by just one degree and checking your timers are accurately set up, particularly after the clocks go forward or backward. We have a handy choice of energy saving guideshere.

You could besides consider purchasing asmart thermostat. These devices allow you to control your heating remotely and in some cases fifty-fifty adapt your home'due south temperature to best suit your needs, without yous having to lift a finger. The data a smart thermostat provides should likewise enable you to work out the virtually energy efficient way to heat your home also every bit salvage coin.

Another way to cut your usage is to generate your own energy. Solar panels or air current turbines permit you to generate your own free energy which y'all tin can then use, reducing your overall energy consumption.