Fixed tariffs

Fixed price energy plans are often the best deals, but now might not be the best time to switch.

As I am sure you have all seen in the news the energy market has gone a bit crazy with the price of gas increasing and many smaller energy suppliers ceasing trading.

Normally if your fixed plan is about to come to an end it would be time to look around and switch to another fixed deal rather than being rolled onto a  standard variable plan which is usually more expensive..

However, with the price cap that has been introduced by Ofgem the standard variable plans are working out to be cheaper at the moment then any fixed deals, and there are not many fixed deals on offer as most energy suppliers have stopped offering these while the wholesale gas price remains high..

The price cap is  therefore currently acting like a short term fixed plan until April 2022 when the price cap will be reviewed and likely to result in standard variable plans going up.

For now the best advice is to stay with your current supplier and if your fixed deal is ending go onto their standard variable tariff for now and review things about a month before the next price cap price increase in April.  Hopefully the energy market and gas prices will have stablilised and there will be better deals which you can switch to.

In the meantime  there are a few things you can do to reduce your energy bills:

  • check to see if you are eligible for the Warm Home Discount which is a one off annual payment to help with heating costs.
  • There are lots of energy saving tips that can help save money and reduce your energy bills - some of these can be found  on our Smart Energy Saving Tips page!
  • look to see if  you are eligible for funding for measures such as loft and wall insulation to make your home more energy efficient.

Need further help with your energy bills  and how to make your home more energy efficient? Contact us today to see how we can help

 

 

 

 

 

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