My fixed energy tariff is ending: what should I do?

When your fixed energy tariff approaches its end, it marks a pivotal moment for your household budget. Rather than seeing this as a problem, consider it an opportunity to make an informed 'power play' and take control of your energy future. Understanding your options and making a proactive decision can empower you.

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Understanding your fixed tariff expiry

The end of a fixed energy deal can feel daunting, but knowing what happens next is the first step to making a smart choice.

What happens when your fixed deal ends?

When your fixed energy tariff comes to an end, your energy supplier will typically move you onto their Standard Variable Tariff (SVT) if you do not actively choose a new deal. This ensures continuity of supply, so you won't suddenly be without gas or electricity. However, SVTs can often be more expensive than fixed deals, potentially leading to an increase in your energy bills. Your supplier should notify you as your fixed tariff approaches its end date, giving you time to consider your options.

The role of the Standard Variable Tariff (SVT)

A SVT is your energy supplier's default offering. Unlike fixed-rate deals, the unit rate you pay for electricity and gas, along with the daily standing charge, can change. These tariffs are designed to be flexible, reflecting the wholesale cost of energy. While SVTs offer flexibility, as there are typically no exit fees, allowing you to switch at any time, their rates can fluctuate quarterly.

The energy price cap explained

The energy price cap is set by Ofgem, the energy regulator for Great Britain. It limits the maximum amount suppliers can charge per unit of energy and for the daily standing charge on SVTs. It's crucial to understand that the price cap is not a limit on your total energy bill; rather, it caps the unit rates and standing charges, meaning your final bill will still depend on how much energy you use. Ofgem reviews and updates the energy price cap quarterly, with price changes typically taking place in January, April, July, and October.

Your options when your tariff ends

As your fixed tariff concludes, you essentially have two main paths: staying on the SVT or opting for a new fixed-rate deal.

Sticking with the Standard Variable Tariff

Choosing to remain on your supplier's SVT offers flexibility, as you won't be tied into a long-term contract and typically won't face exit fees. This means you can switch to a different tariff or supplier at any time without penalty if a better deal emerges. However, the rates on an SVT are subject to the energy price cap, which can change every three months, making your monthly outgoings less predictable.

Choosing a new fixed-rate deal

A new fixed-rate deal locks in your unit rates and standing charges for a set period, usually between 12 and 18 months. This provides predictability, protecting you from potential price cap increases during your contract term. This can be particularly appealing if market forecasts suggest energy prices are likely to rise. However, if energy prices fall, you might miss out on cheaper variable rates, and you could face exit fees if you decide to switch again before your new fixed term ends.

Why switching suppliers can be a 'power play'

Switching energy suppliers isn't just about finding a cheaper deal; it's about making an active choice that puts you in control. It's a 'power play' that allows you to align your energy supply with your preferences, whether that's for price certainty, better customer service, or a more digitally-focused experience. By proactively exploring the market, you avoid passively accepting a default tariff and instead choose a deal that best suits your needs.

How to compare energy deals effectively

To make the best decision, you need to compare deals thoroughly. This involves looking beyond just the headline figures.

Checking your current usage

Understanding your personal energy consumption is crucial for an accurate comparison. The average UK home uses around 2,500 kWh of electricity and 9,500 kWh of gas per year, according to Ofgem's updated Typical Domestic Consumption Values (TDCVs) from 1 July 2026. Knowing your actual usage, which you can find on a recent bill or through your smart meter data, allows you to compare tariffs based on your specific consumption patterns, rather than relying on average figures. Considering energy-efficient upgrades, such as an air source heat pump, can also significantly impact your consumption.

Understanding unit rates and standing charges

When comparing tariffs, pay close attention to both the unit rate (the cost per kilowatt-hour, kWh) and the daily standing charge. The unit rate is what you pay for each unit of energy you consume, while the standing charge is a fixed daily fee you pay regardless of how much energy you use. Different tariffs may have varying balances between these two components, so consider which one will benefit you most based on your usage habits.

Looking out for exit fees

Fixed tariffs often include exit fees if you leave before the contract ends. These fees are tariff-specific and can vary between suppliers and tariffs. However, you can typically switch without incurring exit fees if you do so within the last 49 days of your contract. Always check the terms of your current contract to understand any potential charges.

Factors to consider before making a decision

Making an informed choice requires weighing up various factors, from market trends to your own consumption habits.

Current market trends and forecasts

The decision to fix often depends on predictions about the direction of energy prices. While specific predictions for future energy price cap levels or market movements are not guaranteed, general trends and expert forecasts can provide valuable insights. If forecasts suggest the energy price cap is likely to rise, fixing now could protect you from higher costs. Conversely, if prices are predicted to fall, a variable tariff might be more beneficial.

Your personal energy consumption

Your household's energy usage patterns play a significant role in determining which tariff is most cost-effective. If you have high and consistent energy consumption, a fixed tariff might offer greater budget certainty. If your usage fluctuates significantly or you anticipate it changing (e.g., due to new appliances or lifestyle changes), the flexibility of a variable tariff or a time-of-use tariff might be more suitable. For example, understanding air source heat pump efficiency can help you gauge its impact on your overall energy use.

The benefits of 24/7 human support

Navigating the complexities of energy tariffs and market changes can be challenging. Having access to 24/7 human customer support can be a significant advantage. This ensures you have expert guidance available whenever you need it, helping you understand your options, compare deals, and make decisions with confidence. It transforms a potentially overwhelming process into an empowering one.

Making your informed energy choice

Once you've gathered all the information, it's time to make your decision and take action.

When to act

Your energy supplier should notify you before your fixed plan ends, giving you time to find a new deal. It's advisable to start looking at your options within the last 49 days of your contract, as this is typically when you can switch without incurring any exit fees. Delaying action until after your fixed tariff has already ended means you'll automatically roll onto an SVT, which might be more expensive.

The switching process

Switching energy suppliers is generally a straightforward process. Once you've chosen a new tariff or supplier, they will handle most of the transfer for you. You'll need to provide some basic information, such as your address and current meter readings. The new supplier will then communicate with your old supplier to manage the switch, which usually takes a few weeks.

Taking control with Fuse Energy

The end of your fixed energy tariff is not a moment to feel powerless, but an opportunity to make a strategic decision. With Fuse Energy, you gain control and transparency over your energy choices. Fuse's digital-first approach provides clear information, helping you understand your options and avoid passive decisions. Coupled with 24/7 human customer support, Fuse empowers you to make an informed 'power play' for your energy future.

Ready to take control of your energy? Click here to switch to Fuse Energy today and start your journey towards smarter energy management. Find out more about our mission to make energy abundant by clicking here.