We search beyond the big six energy suppliers.
Our goal is to make switching energy suppliers not only quick and painless, but also cost effective too. Sometimes that means looking at smaller energy companies that may give you the cheapest energy quote in your location.
Fixed vs variable energy deals
When it comes to switching energy supplier, you’ll typically be given the choice between two different types of tariffs. An energy provider will give you the choice between a fixed rate tariff and a variable one, and depending on your circumstance, one may suit you more than the other.
The most stable option is to go with a fixed tariff. If you like to know exactly how much your energy bills will be each month, then this will likely be the best option. If gas and electricity prices go up, then you could save some money over the length of your contract.
The price of gas and electricity fluctuates over the course of the year – it can go up just as easily it can go down. If you opt for a variable energy tariff as opposed to a fixed one, your gas and electricity prices will change according to its cost. This can end up being cheaper, but it’s not a guarantee.
Which energy tariff is best?
So, which should you opt for? Well, we usually say that if you’re looking for the very cheapest deal, opt for a fixed tariff. You’re guaranteed to pay the same amount via direct debit over the course of the year, and you won’t be in for any shock price hikes.
The good thing about a variable rate is that there’s often no exit fees, so you can switch energy supplier at any point.