Compare Energy Tariffs For the Best Deal

electricity and gas

Energy tariffs are the way you pay for the energy you consume. Energy suppliers will often offer several different tariffs that charge consumers differently, such as standard and variable rates. Additionally there are dual fuel tariffs which provide both electricity and gas, and more environmentally-friendly “green” tariffs. In this article we will take a quick look at some of the main issues concerning energy tariffs and why they matter.

Firstly, when looking to compare energy tariffs, it is important to understand what each type of tariff applies to. The most common tariffs are standard variable rate tariffs (SVR) – also known as base pricing, which apply to a large number of customers. While SVRs are set by the government, they are also regulated by the electricity supplier of England and Wales (EE). This means that SVRs are typically more predictable than basic pricing, but as with any pricing which you are presented with, you need to read the small print. In addition, in most cases you can expect that the majority of suppliers now have integrated gas and electric meters into their systems, to ensure that you do not have inaccurate billing.

form of standard energy tariffs

Fixed tariffs are another form of standard energy tariffs, which allow you to benefit from a lower cost of energy, whilst still ensuring a regulated level of pricing which cannot be affected by rises in wholesale gas or electricity prices. It is usually these types of tariffs that most people find appealing; after all, if you switch to a new supplier, it does not cost you anything extra to take your tariffs with them, meaning that you can start to save money immediately. However, this type of energy tariff is only available for certain timescales, such as on an annual basis or during a specified period of time. For example, if you choose to take a fixed tariff over a four-year period you will have to pay a higher rate at the end of that period, unless you wish to change to a variable tariff.

As mentioned previously, wholesale gas and Electricity tariffs are regulated by the Energy Performance Authority (Epa). This is a highly responsible body set up by the UK government to set the Standards for British Gas and Electricity. They do this by licensing energy suppliers to supply gas and Electricity to homes and businesses in the UK, and by setting out the rates that suppliers are expected to charge for the services provided. Although these are generally the same as the basic rates for standard tariffs, EPA rates are subject to vary slightly year on year, taking into account recent trends in wholesale gas and Electricity prices.

energy suppliers offer flexible gas

The majority of energy suppliers offer flexible gas and electricity tariffs, which mean you can choose to switch when you get a new supplier. However, not all suppliers will automatically match your current tariff; and if they do not, it may cost you more to switch. Before you switch, you should always check with your supplier and confirm what their current minimum default tariffs are. You should also find out how much of your regular gas or electricity usage is covered by your tariff, how much extra you will need to pay, and what savings you can make.

If you want to be absolutely sure that you are getting the best deal possible, then you should always get an online tariff quote. Tariff quotes are readily available from a number of different energy suppliers – all you need to do is provide your contact details and they will send you a quote. Although Energy Tariffs are important, the more time you spend comparing them, the more chance you have of finding the best deal possible. And as an added bonus, the more time and effort you put into researching your options, the more chance you have of saving money. It really couldn’t be easier.

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