Fixed rate tariffs are a great way to both cut your energy bills and protect against price hikes, but when your fixed deal ends you’ll most likely be rolled onto a standard tariff, which will see you paying your suppliers’ most expensive rate.
If your current energy deal is due to expire, you need to take action by comparing quotes and switching to a cheaper tariff – if not, you’ll end up paying over the odds for your gas and electricity.
If you start shopping around for a new energy deal about two weeks before your current contract expires, you should have no trouble finding a deal that saves you money, at least compared to your supplier’s standard rate.
But you can actually switch up to seven weeks before your contract ends, as Ofgem regulations require all suppliers to send you notice of your tariff end date between 42 and 49 days before it expires.
Once you receive this letter, you can safely switch without fear of incurring a penalty, even if your tariff carries an early exit or cancellation fee. This rule is in place to give you time find a new plan and make the switch before you’re rolled onto a more expensive standard rate tariff.
It’s worth keeping in mind that this letter will only alert you to cheaper plans offered by your current supplier, so to get the very best deal available always compare the whole market and switch with UK Power.
Here is complete run down of every energy deal that’s due to expire in the next couple of months – if yours is on there, start comparing quotes now and get ready to make the switch.
|Supplier||Tariff||Tariff end date|
|HomeEnergy Protect May 2018||31/05/2018||Compare|
|HomeEnergy Fix May 2018||31/05/2018||Compare|
|Home Services Fixed May 2018 v4 Full Service||31/05/2018||Compare|
|First Fixed May 2018 v7 Electricity Only||31/05/2018||Compare|
|First Fixed May 2018 v7||31/05/2018||Compare|
|Fixed Price May 2018||31/05/2018||Compare|
|First Fixed May 2018 v6||31/05/2018||Compare|
|Fixed Until May 2018||31/05/2018||Compare|
|Fixed Price May 2018 (pre 04/05/2017)||31/05/2018||Compare|
|BIue+Price Protection May18 v2||31/05/2018||Compare|
|Postal Fixed 1 - May 18||31/05/2018||Compare|
|Online Fixed 1 – May 18||31/05/2018||Compare|
|BIue+Price Protection May18||31/05/2018||Compare|
|Flow Fixed June 2018||31/05/2018||Compare|
|Online Price Fix May 2018||31/05/2018||Compare|
|Home Services Fixed May 2018 v3 Full Service||31/05/2018||Compare|
|First Fixed May 2018 v5 Online||31/05/2018||Compare|
|Home Services Fixed May 2018 v2 Full Service||31/05/2018||Compare|
|First Fixed May 2018 v3 plus Online||31/05/2018||Compare|
|First Fixed May 2018 v4 Online||31/05/2018||Compare|
|GB Online May 2018 Paper Bills||31/05/2018||Compare|
|GB Online May 2018||31/05/2018||Compare|
|Home Services Fixed May 2018 Full Service||31/05/2018||Compare|
|Home Services Fixed May 2018 Online||31/05/2018||Compare|
|Fix and Reward May 2018||31/05/2018||Compare|
|Co-op Online Exclusive May 2018||31/05/2018||Compare|
|Co-op Online May 2018 Paper Bills||31/05/2018||Compare|
|HomeEnergy FreeTime (Sun) May 2018||31/05/2018||Compare|
|HomeEnergy FreeTime (Sat) May 2018||31/05/2018||Compare|
|HomeEnergy Capped May 2018||31/05/2018||Compare|
|First Fixed May 2018 v2 electricity only||31/05/2018||Compare|
|First Fixed May 2018 v2||31/05/2018||Compare|
|Co-op Online May 2018||31/05/2018||Compare|
|Supplier||Tariff||Tariff end date|
|Spark Protected (June 2018) (pre 09/10/2017)||30/06/2018||Compare|
|Together - June 2018 - fixed 51 (Paper Billing)||30/06/2018||Compare|
|Together - June 2018 - fixed 51 (Paperless Billing)||30/06/2018||Compare|
|Home Services Fixed June 2018 Full Services v2||30/06/2018||Compare|
|Together - June 2018 - fixed 50 (Paper Billing)||30/06/2018||Compare|
|Together - June 2018 - fixed 50 (Paperless Billing)||30/06/2018||Compare|
|Home Services Fixed June 2018 Online v2||30/06/2018||Compare|
|Fixed Price June 2018||30/06/2018||Compare|
|Online Saver Jun18v2||30/06/2018||Compare|
|GnERGY Fixed June 2018 v2||30/06/2018||Compare|
|Fixed Price June 2018 (pre 13/06/2017)||30/06/2018||Compare|
|Fixed Until June 2018||30/06/2018||Compare|
|Online Saver Jun18||30/06/2018||Compare|
|Home Services Fixed June 2018 Full Services||30/06/2018||Compare|
|Home Services Fixed June 2018 Online||30/06/2018||Compare|
|Fixed Price June 2018 (pre 31052017)||30/06/2018||Compare|
|Postal Fixed 1 - June 18||30/06/2018||Compare|
|BIue+Price Protection Jun18||30/06/2018||Compare|
|Flow Fixed July 2018||30/06/2018||Compare|
|Online Fix and Save June 2018||30/06/2018||Compare|
|Online Fixed Saver June 2018||30/06/2018||Compare|
|Online Fixed Price Energy June 2018 v3||30/06/2018||Compare|
|HomeEnergy Fixed June 2018||30/06/2018||Compare|
|Blue+Fixed Price June 2018||30/06/2018||Compare|
|Blue+Fixed Prepay June 2018||30/06/2018||Compare|
|Together - June 2018 - fixed 48 (Paper Billing)||30/06/2018||Compare|
|Together - June 2018 - fixed 48 (Paperless Billing)||30/06/2018||Compare|
|Together - June 2018 - fixed 47 (Paper Billing)||30/06/2018||Compare|
|Together - June 2018 - fixed 47 (Paperless Billing)||30/06/2018||Compare|
|ENGIE Green Fixed June 18 V2 Paper Billing||30/06/2018||Compare|
|ENGIE Green Fixed June 18 V2 Paperless Billing||30/06/2018||Compare|
|ENGIE Fixed June 18 V2 Paper Billing||30/06/2018||Compare|
|ENGIE Fixed June 18 V2 Paperless Billing||30/06/2018||Compare|
|Spark Protected (June 2018) (pre 27/06/2017)||30/06/2018||Compare|
|ENGIE Green Fixed June 18 Paper Billing||30/06/2018||Compare|
|ENGIE Green Fixed June 18 Paperless Billing||30/06/2018||Compare|
|ENGIE Fixed June 18 Paper Billing||30/06/2018||Compare|
|ENGIE Fixed June 18 Paperless Billing||30/06/2018||Compare|
|First Fixed June 2018 v5 plus electricity only||30/06/2018||Compare|
|First Fixed June 2018 v5 plus||30/06/2018||Compare|
|BIue+Price Protection Jun18v2||30/06/2018||Compare|
|Online Fixed 1 – June 18||30/06/2018||Compare|
Once you find a tariff you’re happy with and agree to change supplier, it should take no longer than 17 days for the switch to complete. This includes a 14-day cooling-off period, in which time you can back out of the switch without penalty.
There’s no need for any digging or drilling inside or outside your property – there’s no difference in how the gas and electricity gets in, just a change in the company supplying it - and your new supplier will handle all the paperwork.
If you’ve run an energy comparison but can’t find a deal that’s cheaper than the one you’re currently on, you should still switch to the cheapest new deal on offer - staying with your current supplier will see your contract rolled onto its most expensive rate, which means you’ll end up paying more for your gas and electricity.
On the face of it, the cheapest energy deal best one to switch to, but you should also consider things like customer service and bill accuracy – Ofgem figures show that billing problems are the biggest cause of complaints among both domestic and business energy customers in the UK, a problem that will only be exacerbated by poor customer service.
Switching energy provider is a quick and easy way to save money on your monthly gas and electricity bills. Make the switch with UK Power now.
It’s always a good idea to switch to a fixed price energy deal to protect against price rises – the benefits are usually two-fold as they offer cheaper rates than standard plans and protect against price hikes for the duration of the contract.
On the downside, many fixed-rate deals come with a penalty fee for terminating your deal before its scheduled end date. This early exit fee is charged per fuel, and can offset any savings you might make by switching, so always do your sums before committing to any new deal. But there are fixed-rate deals out there that don’t carry an early exit fee, so always check the terms and conditions of any plan before you agree to switch.