Fixed Rate Energy Tariffs Energy Tariffs

Fixed Rate Energy Tariffs

Fixed-rate energy tariffs, also known as fixed-price or capped tariffs, are designed to protect homeowners from increasing energy prices. How do they work? They work by guaranteeing that the price you pay per unit of energy will remain fixed at an amount agreed between the customer and supplier for a set amount of time. This means that even if gas and electricity prices across the rest of the market rise over the next two or three years. The typical time that a fixed-rate tariff lasts - you will have peace of mind knowing that this wont affect the amount you pay each month or quarter. Knowing how much your energy will cost for...
Online Energy Tariff Energy Tariffs

Online Energy Tariff

Online-only tariffs give you the ability to manage your energy account over the internet, and come with some of the most competitive prices on the market. What are the benefits of an online tariff? With this type of tariff, you can access your energy account whenever you want, edit payment details at any time, and enter your own meter readings. The latter is particular beneficial as it makes you more conscious of the amount of energy you’re using each month. It also means you won’t have to wait around for a meter reader to call, and eliminates the risk of being over charged on an estimated bill and then having to wait weeks for a...
Green Energy Tariffs Energy Tariffs

Green Energy Tariffs

Green, or environmentally-friendly, energy tariffs are designed to give homeowners the chance to offset some of the environmental damage caused by their gas and electricity by getting their energy supply from renewable sources. How do they work? When you take out a green tariff, your energy provider will match your energy consumption with energy from renewable sources that don’t burn fossil fuels or create carbon emissions, such as wind, solar and wave energy. This green energy will be put back into the national grid, which in turn will then supply your home with gas and electricity. In addition to supplying green energy, most...
Market Tracker Energy Tariff Energy Tariffs

Market Tracker Energy Tariff

With a market tracker energy tariff, the cost of your gas and electricity fluctuates roughly in line with changes in the wholesale market. This means that when wholesale energy prices rise or fall, the cost of your energy will also increase or fall by more or less the same amount. Your gas and electricity prices are reviewed every three months and any price changes are linked to the Heren Energy Report, which is used to represent industry wholesale prices. Is this tariff suitable for me? Market tracking tariffs are recommended for people who prefer the risk of fluctuating energy prices, as opposed to fixed or capped energy...
Social Tariffs Energy Tariffs

Social Tariffs

Social tariffs are energy plans specially designed for vulnerable customers - homeowners who are struggling to cope with the cost of their gas and electricity. These tariffs are either the cheapest, or equal to the cheapest deals on the market. Some companies offer vulnerable customers their lowest standard gas and electricity prices, while others offer discounts on their standard tariffs, as well as money off energy efficiency and safety gadgets such as energy saving light bulbs. Who provides them? The following energy companies offer social tariffs to their most vulnerable customers: British Gas E.ON EDF npower ...
Economy 7 Tariff Energy Tariffs

Economy 7 Tariff

An Economy 7 energy tariff is designed to help homeowners save money by encouraging them to use more electricity during the ‘off-peak’ hours of the night. How does it work? This type of tariff charges one price for electricity used during the day and a cheaper price for electricity usage during the night - normally the 7 hours from 1am until 8am, hence the name ‘Economy 7’. Using energy over this period helps ease pressure on the national grid during the day when most people are using their electrical appliances. The amount of electricity used during the day and at night is measured using a two-tier meter system and...