When your fixed energy tariff ends, you face a choice: roll onto a variable tariff, or find a new fixed deal. Making an informed decision now can prevent higher bills and give you more control over your energy costs.
When your fixed energy tariff is coming to an end, it's the perfect time to explore your options. Fuse Energy offers clear pricing and easy switching, helping you take control of your energy bills. Click here to switch to Fuse Energy today.
Your current fixed energy tariff provides stable unit rates and standing charges for a set period. As this period draws to a close, it's crucial to understand its terms and what happens next.
Checking your end date and terms
The first step is to locate your current energy contract. This document, usually available through your supplier's online portal or on a recent bill, will clearly state your tariff's end date and any associated exit fees. Fixed energy tariffs typically run for between 12 and 18 months.
What happens when your fixed deal ends?
If you do nothing, your supplier will automatically move you onto their Standard Variable Tariff (SVT) once your fixed deal concludes. While SVTs offer flexibility with no exit fees, their rates fluctuate quarterly in line with the Ofgem energy price cap, and they can often be more expensive than fixed deals. This automatic switch can lead to an unexpected increase in your energy bills.
Choosing between a fixed and variable tariff depends on your priorities regarding price stability and flexibility.
The benefits and risks of fixed tariffs
Fixed tariffs offer predictable unit rates and standing charges for the duration of your contract, typically 12 to 18 months. This stability can be appealing if you prefer consistent budgeting and want to protect yourself from potential price rises. However, fixed tariffs usually include exit fees if you decide to leave the contract early.
How variable tariffs work with the energy price cap
Variable tariffs, on the other hand, have rates that can change. These tariffs are regulated by the Ofgem energy price cap, which updates quarterly on 1 January, 1 April, 1 July, and 1 October. The main benefit of a variable tariff is the absence of exit fees, giving you the freedom to switch at any time.
The energy price cap is a crucial factor for anyone on a variable tariff or considering one.
How the energy price cap affects your bills
The energy price cap sets a maximum amount suppliers can charge for each unit of electricity and gas, as well as the daily standing charge. It's important to remember that this is a cap on unit rates, not on your total bill; your final cost still depends on how much energy you use.
Quarterly updates and their impact
Ofgem reviews and updates the energy price cap every three months. For example, the energy price cap will rise by 13% from 1 July 2026, primarily driven by wholesale gas prices. These quarterly changes mean that variable tariff rates can go up or down, directly impacting your energy costs.
To ensure you're getting the best value, comparing energy deals is essential before your fixed tariff ends.
Using comparison websites effectively
Comparison websites can help you quickly survey the market for available tariffs from various suppliers. These platforms allow you to input your usage details and postcode to see personalised quotes. Remember to check both fixed and variable options.
Key factors to consider beyond unit rates
While unit rates are important, don't overlook the daily standing charge, which can significantly affect your overall bill. Also, consider the contract length, any exit fees, and the supplier's customer service reputation. The average UK home uses around 2,500 kWh of electricity per year1, so understanding your own consumption helps you compare deals more accurately.
Switching energy suppliers is a straightforward process, especially if you act within the designated window.
Understanding exit fees and the 49-day window
Most fixed tariffs include exit fees if you leave the contract early. However, UK energy customers can switch from a fixed tariff without exit fees if their contract ends within 49 days. This regulatory window is designed to give you ample time to find a new deal without penalty. If you're moving home and plan to take your Fuse tariff with you to the new property, no exit fee applies, and your fixed tariff carries over.
The switching process explained
Once you've chosen a new tariff, your new supplier will handle most of the switching process. This typically involves notifying your old supplier and arranging the transfer of your energy supply. The switch usually takes around 21 days, during which your supply will not be interrupted.
The end of a fixed tariff is an opportunity to re-evaluate your energy needs and make choices that put you in control.
Taking control with smart energy management
Modern energy management tools can empower you to optimise your usage and costs. Smart meters, for instance, provide detailed insights into your energy consumption, helping you identify areas for efficiency. If you have solar panels, an export tariff can even pay you for the electricity you send back to the grid. Fuse pays customers 13p per kWh for electricity exported to the grid under its export tariff.
Support and tools to empower your choice
Managing your energy bills should be clear and easy to understand. Fuse Energy focuses on straightforward pricing, so you can see exactly what you're paying without unnecessary complexity. If you have a smart meter, you can view detailed usage data through the app or website, helping you understand how you can lower your bills. If you don't have a smart meter, Fuse Energy can upgrade your non-smart meter, completely for free. This can make it easier to track spending and make informed decisions about your energy use. Our 24/7 human support team is always on hand with fast response times whenever you need help. Click here to switch to Fuse Energy today. Find out about our mission by clicking here.
