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Going it alone when searching for cheap energy deals can be incredibly time-consuming, and you may miss out on the best available deals. Energy comparison sites allow you to see a wide range of tariffs from trusted energy suppliers in no time.
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BUSINESS TARIFFS SIMPLIFIED
Energy Tariff Comparison - Choosing The Right Tariff
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Fixed Rate Tariffs
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Variable Rate Tariff
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Green Energy Tariffs
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Prepayment Meter Tariff
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Economy 7 Tariff
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Dual Fuel Tariff
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No Standing Charge Tariff
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Feed-in Tariff
Fixed rate tariffs lock in the price you pay per unit of energy (kWh) for a certain period of time, protecting you from wholesale energy price hikes. This offers you certainty and means you don’t have to worry about price increases during your contract.
Standard variable tariffs are also known as default tariffs and are often the deal your energy supplier puts you on if you haven’t specified your preferred energy deal. Your unit rate will vary depending on the current wholesale costs throughout the duration of your contract.
Green energy tariffs have become increasingly popular as we put more focus on our environmental impact. Some suppliers will offer 100% renewable electricity, putting naturally sourced energy back into the grid. A renewable tariff may also include carbon-offsetting. This involves your supplier funding projects that help tackle carbon emissions to offset the gas customers use.
Prepayment meters are installed in your home, allowing you to become a ‘pay as you go’ energy customer. Prepayment meters are powered by a ‘key’ or smart card that is topped up and inserted into the meter to power it. Whereas credit meters allow you to spread energy costs evenly over the year, prepayment meters require you to pay for your exact usage.
An Economy 7 tariff aims to provide cheap energy deals by giving you cheaper energy rates for a seven-hour window during the night. The off-peak hours and the discount offered will vary from supplier to supplier. It’s worth bearing in mind that Economy 7 peak rates tend to be much higher than regular energy tariffs.
A dual fuel tariff means that you can purchase both your gas and electricity from the same supplier with the same energy tariff. Suppliers will often offer a discount for taking out a dual fuel tariff with them.
Dual fuel tariffs are only available to homeowners and are not offered on energy deals.
Your standing charge is a daily fee which covers the cost of maintaining your energy supply. A no standing charge tariff sets this daily fee to zero. This can be beneficial for properties where most of your energy is used seasonally or for only a few days a week. Unit rates on a no standing charge tariff can be higher than those on standard tariffs.
This type of energy deal is a product of the Feed-in Tariffs (FIT) government scheme designed to promote and encourage the implementation of renewable and low-carbon electricity generation technologies. A feed-in tariff is available for anyone who has installed their own method of renewable energy generation, such as solar panels.
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