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My capped/fixed tariff is coming to an end - what should I do?

Whether trying to beat price rises or wanting to control energy costs, millions have switched their energy to capped or fixed price tariffs.  Now with many of these tariffs coming to the end of their fixed terms and suppliers offering these customers a bewildering range of tariff options to move onto, many have been wondering whether they’re still getting a good deal.

Our partner offers the UK's longest fixed price energy tariff, with no price rises guaranteed until August 2018.

Capped Tariffs


What about cancellation penalties?

Unfortunately, some tariffs incur cancellation penalties if you leave before the term expires.  With tariffs that have more than a couple of months left to go, it may still make sense to switch now and incur the penalty if it is small and your potential savings are big, especially as there have been recent price cuts and new cheaper products introduced.

With tariffs with less than 42 days to go, cancellation fees aren’t a problem.  Under Ofgem rules your current supplier can’t charge you a cancellation fee if you switch away once you’ve received a renewal letter from them, which they are obliged to send you when you have at least 42 days to go before the end of your capped or fixed tariff.

You could also qualify for up to £200 cashback to cover any cancellation fees incurred.

Want to see whether switching from a capped or fixed tariff makes sense?

Click here to start an energy price quote
 to start a price quote

If you’re unsure when your tariff comes to an end and whether it has cancellation fees or not, click on the relevant supplier link below for more information:
British Gas
SSE (Scottish Hydro, Southern Electric, Swalec)

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