A fixed rate energy tariff could save you money and give you the peace of mind that the cost of your energy will stay the same for a set period of time.
Use our comparison to find the best fixed rate tariff for you, by thinking about:
Price: You should check a recent bill to see how much you currently pay for gas and electricity, and then look at deals that can offer you the biggest annual saving.
Tariff: You can get a fixed rate deal on dual fuel energy, green energy, and paperless billing. Here is a guide to gas and electricity tariffs.
Supplier: Enter your postcode to narrow down companies that supply energy where you live. You can also check customer reviews of different suppliers here.
How long are tariffs fixed for?
Usually between 12 months and two years, but this varies based on which deal you choose so check terms with the individual supplier.
The longer a tariff is fixed for, the higher the initial cost may be. Fixing the rate of your energy also means that, if energy prices drop, your rate will stay the same.
Can you switch before your fixed tariff ends?
Yes, but you may have to pay an exit fee of around £30 per fuel if you leave your contract more than 42 days before it ends.
This means if you have both gas and electricity with the same supplier, you will pay £60 to leave your contract early.
You do not always have to pay a cancellation fee to leave a fixed contract early, so use this comparison to look for deals where no exit fee applies.
What happens when your fixed rate ends?
Your energy company will automatically put you on a variable rate tariff, which means you may have to pay a higher rate for your gas and electricity.
You can speak to your supplier about moving to another tariff, and you can also switch supplier without charge if you have less than 42 days left on your fixed contract.
Use our comparison to shop around to find the best energy deal when your fixed tariff ends.
Fixed rate tariffs FAQs
Will my bill always stay the same on a fixed rate tariff?
No, the price you pay for your energy will stay the same but your bill is based on how much energy you use, so this could change.
What happens if the price of energy falls?
If you are on a fixed rate tariff, the price you pay for your energy will not change.
How long will my energy rate be fixed for?
It varies, but usually energy companies do not fix their rates for more than two years.
What is paperless billing?
It is a type of energy tariff that offers you discount for managing your energy account online.
Can I get a dual fuel tariff on a fixed rate?
Yes, you can compare dual fuel tariffs here.