Tariffs

There are many types of energy tariff available to choose from, all with different benefits. To find out which tariff is likely to be the cheapest for you, use an Ofgem Code of Confidence price comparison website.

Tariffs are made up of a unit cost, measured in pence per kWh, and a standing charge measured in pence per day or week. Some tariffs have no standing charge which maybe beneficial to those who are low energy users.

Standard

This is often your supplier's basic tariff. It is usually a variable tariff where your supplier can increase or decrease your unit rates. Your supplier will normally change you onto this tariff if your current tariff ends. It is worth remembering that while this tariff often has no exit fees, it can be one of the more expensive tariffs because they dont have any discounts.

Fixed

These tariffs will be set for a fixed period of time where the price of a unit of energy will stay the same for the length of the deal. These can work out cheaper in the long term if the cost of energy goes up however if the cost of energy goes down, you may be stuck with a higher unit cost and need to pay an exit fee to join a new cheaper tariff. These tariffs are not available for all payment methods.

Variable

These tariffs offer unit rates that can go both up or down. Sometimes these tariffs will track at a certain percentage lower than the standard variable tariff for the length of the deal. These tariffs may only be available with certain payment methods.

Paperless

Paperless tariffs, particularly if you pay by direct debit, are often the cheapest. You can monitor and manage your account online and submit readings. You must have access to a computer and be able to take regular meter readings as you will no longer receive a paper bill.

Dual Fuel

This is where you pay for your gas and electricity together through the same supplier. These tariffs can be cheaper and you often get a discount by having both fuels with the same supplier.