How can I make sure I’m on the right tariff for my needs?
You’ll need to think about what you want from your energy supplier – standard tariffs for example will give you maximum flexibility as you can leave at any time without incurring exit charges – but you won’t get the supplier’s most competitive price.
Fixed rate tariffs set the amount of money you pay per kWh so while your bills will vary according to how much you use, the basic unit price of energy won’t change. So if your usage is pretty steady then your bills will be too. The drawback is that you won’t benefit from any reductions in wholesale energy prices for the fixed period you’ve agreed to.
Some providers will also offer what’s termed Economy 7/0 tariffs, which give you a certain number of hours ‘off-peak’ energy (usually at night or early morning). If you’re not around during the day and end up doing all your household jobs at night, this could work for you.
There’s pretty much a tariff for everyone – some online, which could be appealing to you, or even eco tariffs which do their bit for the environment. It’s important to decide what your priorities are and then look for your ideal tariff.