Fixed rate plans

Fixed rate plans

With gas and electricity price rises a hot topic, many people are wondering: 'Should I switch to a fixed price energy tariff?'

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A “fixed price” energy tariff means that your unit rates stay at one price for the duration of the plan, usually about 12 months.

If your supplier announces a price rise, your rate will not change. They are 'fixed' regardless of price cuts or rises.

These days, most of the cheapest plans are fixed rate tariffs.

The pros and cons of fixed price energy plans

If you’re still unsure about switching to a fixed price plan, check out our quick list of pros and cons of fixed rate energy:


  • Saving money in the long term, and peace of mind that price rises won’t affect your household
  • Having options — fixed rate energy plans have become so popular that you have your choice for cheapest, longest fix, and with or without an early exit fee.
  • Choice of supplier — nearly all energy suppliers offer a fixed rate plan now, and you can quickly compare fixed rate plans from one supplier to the next
  • Still getting a competitively priced energy plan — nearly all of the cheapest energy plans are fixed rate plans


  • A price decrease announcement, meaning your paying over the odds. (However, you can find fixed plans that do not have a cancellation fee, so you’re free to switch plans if prices drop)
  • Early exit / cancellations fees. These can range between £25 - £50 for switching away before your tariff ends

Should I get a fixed price energy plan?

Still not sure if you want to take the gamble? It might boil down to how you feel about your current financial situation, and how often you anticipate being able to compare the energy market for better deals.

If you are comfortable in paying a slight premium on your energy now for protection in the future, then you should compare fixed rate plans.

You can always run an energy plan comparison to see all the plans out there that offer savings on your current plan. Then check which of those plans are fixed rate plans.

Fixed plans currently available

So you know the pros and cons of fixed price energy, but kind of plans are currently on the market? Below is a table of fixed plans currently available, with the date the plan is fixed to and any early exit fees.

Supplier Plan Name Price
extra energy Fresh Fixed Price Dec 2016 £831 Compare now
First Utility iSave Fixed December 2016 £832 Compare now
npower Online Price Fix Dec 2016 £834 Compare now
flow energy Connect 3 £836 Compare now

This table's average bill sizes are based on a medium energy user paying monthly by direct debit, with bill sizes averaged across all regions. Does not include energy tariffs available solely through private initiatives such as collective switching schemes.

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What should I do when my fixed price plan ends?

It's important to know that when your fixed plan ends and you do not proactively switch to a new plan, your supplier will roll you on to their standard tariff. This tariff is their most expensive.

To avoid your energy costs going up, compare all available energy plans online. You can do this up to 49 days before your fixed plan ends, even if you have an early exit fee.

To learn more, read our energy tariff ending guide.

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