With energy bills soaring the way they are, many people are looking to save on their household bills. Many people have been hit by British Gas raising their prices by 35%, and its Electricity prices by 9%!
One way for consumers to save on their bills is with fixed price energy tariffs. With fixed price energy deals the unit price is fixed, and will not raise above the agreed price for the agreed period.
Usually the fixed period is either 1 or 2 yrs.
Fixed price Energy
The rise of energy prices in recent times has made fixed price deals much more appealing to the average energy customer.
Things To Be Aware Of With Fixed Price Energy Deals
There are 2 important points to consider when trying to compare fixed price energy deals.
1. With some energy suppliers, if there is a general drop in their standard energy unit prices, they will reduce your fixed rate for you. Others may not, so make sure you know what the deal is with the companies you are considering going with.
2. Make sure you completely understand when the fixed rate deal ends, because you may need to prepare yourself for a bit of a price hike when it does!
One of the main benefits of fixed price energy deals is knowing exactly how much you will be charged for a unit of energy for the next year or so, which allows you to plan your finances much better.
Of course, it is not just British Gas or EDF energy that have recently increased their prices… Pretty much all of the major suppliers of energy will be doing the same in the up coming weeks.
It seems that their has never been a better time to go for a fixed price energy deal.
