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|
|Postal Fixed 2 – May 19||31/05/2019||Compare|
|Online Fixed 2 - May 19||31/05/2019||Compare|
|Double Gold Fixed 15||31/05/2019||Compare|
|iFix 12-Month Direct May19||31/05/2019||Compare|
|First Festive May 2019||31/05/2019||Compare|
|My GB Lite Online May 19 v2||31/05/2019||Compare|
|First Home Response May 2019||31/05/2019||Compare|
|GB Community Power May 19||31/05/2019||Compare|
|Feel Good Fix May 2019||31/05/2019||Compare|
|Fixed Until May 2019||31/05/2019||Compare|
|My Co-Op Lite Online May 19 v2||31/05/2019||Compare|
|Co-op Fixed Green Energy May 19 v2||31/05/2019||Compare|
|First HomeCare May 2019 v2||31/05/2019||Compare|
|iFix 12-Month Jade May19||31/05/2019||Compare|
|Co-op Community Power May 19||31/05/2019||Compare|
|First Home Response June 2019||31/05/2019||Compare|
|Supplier||Tariff||Tariff end date|
|Online Fixed 2 - June 19||30/06/2019||Compare|
|ENGIE Green Fixed June 19||30/06/2019||Compare|
|Everything Online Green Jun 19||30/06/2019||Compare|
|Help Beat Cancer Fixed Price Energy June 2019||30/06/2019||Compare|
|Flow Daisy Green July 2019||30/06/2019||Compare|
|First June 2019 Online||30/06/2019||Compare|
|Help Beat Cancer Fixed Saver June 2019||30/06/2019||Compare|
|First Fixed June 2019 v5 Electricity Only||30/06/2019||Compare|
|Online Broker Fix June 2019||30/06/2019||Compare|
|Flow Daisy July 2019||30/06/2019||Compare|
|Help Beat Cancer Fix and Save June 2019 Online||30/06/2019||Compare|
|Super Saver June 2019||30/06/2019||Compare|
|Postal Fixed 2 – June 19||30/06/2019||Compare|
|Postal Fixed 1 – Jun 19||30/06/2019||Compare|
|HomeEnergy Fix Jun 2019||30/06/2019||Compare|
|Blue+Price Protection Jun19||30/06/2019||Compare|
|First Fixed June 2019 v5||30/06/2019||Compare|
|Online Fixed 1 – Jun 19||30/06/2019||Compare|
|Everything Online Jun 2019||30/06/2019||Compare|
|Fixed Until June 2019||30/06/2019||Compare|
|ENGIE Fixed June 19 v2 Paper Billing||30/06/2019||Compare|
|Help Beat Cancer Fixed Price Energy June 2019 Online||30/06/2019||Compare|
|ENGIE Fixed June 19 v2 Paperless Billing||30/06/2019||Compare|
|Help Beat Cancer Fixed Saver June 2019 Online||30/06/2019||Compare|
|Secure Saver June 2019||30/06/2019||Compare|
|Help Beat Cancer Fix and Save June 2019||30/06/2019||Compare|
|ENGIE Green Fixed June 19 v2||30/06/2019||Compare|
|Price Fix June 2019||30/06/2019||Compare|
|ENGIE Fixed June 19 v5||30/06/2019||Compare|
|Online Reward 2 – Jun 20||30/06/2019||Compare|
|ENGIE Fixed June 19 v4 Paper Billing||30/06/2019||Compare|
|ENGIE Fixed June 19 v4 Paperless Billing||30/06/2019||Compare|
|Together - June 2019 - fixed E1||30/06/2019||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.