If you’ve been asking yourself should I fix my energy this year, you’re definitely not alone. With rising bills, fluctuating wholesale costs, and regular changes to the energy price cap, it’s understandable that many small households are looking for clarity. Is it best to lock in a rate now, or ride out a standard variable tariff and hope for prices to drop?
This guide will walk you through all the essentials—whether you’re better off with a fixed rate energy deal, when to consider switching, and what a fixed tariff actually means.
What does fixed tariff mean?
Featured Snippet Answer (under 100 words):
A fixed tariff means your unit rate and daily standing charge for gas and electricity remain the same throughout the contract period. These typically last 12 or 24 months, offering budgeting certainty. However, your monthly bill may still vary based on usage.
Fixed rate energy tariffs are deals that lock in your energy unit prices for a set period. With fixed electricity tariffs, you're protected against price rises—but you might also miss out if costs fall.
Here are the common features of fixed rate electricity:
So, is now a good time to fix energy prices? That depends on a few factors:
Should I fix my energy prices? If you value predictability and can find a fixed deal close to (or below) the current standard variable rate energy—it may be worth locking in.
The debate between fixed or variable energy deals has grown louder with recent price hikes. Here’s how they compare:
Choosing between a fixed tariff and a variable energy tariff depends on whether you prefer price protection or flexibility.
If you're asking is it worth fixing energy or is it better to fix energy prices now, here’s a quick guide:
Ultimately, should I fix my energy bills is about finding the right balance between certainty and flexibility.
Is it best to fix gas and electric now? It might be, especially if:
While variable options may drop, they can also increase quickly. Compare offers and check if any fixed rate energy tariffs offer better value than the standard variable tariff.
Many new households are asking, should I get a fixed energy tariff? The short answer: if you find a deal with competitive rates and no large exit fee, it could be a safe option heading into colder months.
Use trusted comparison tools to check:
The standard variable rate energy or standard variable tariff is usually your supplier’s default plan. It tracks the price cap set by Ofgem and changes quarterly.
It may suit you if:
If your current deal is ending or if you're on a standard variable tariff, should I switch to a fixed energy tariff becomes a timely question.
Check if:
Should I fix my gas and electric? Yes—if you want stability and find a good offer now. No—if you’re happy to wait and see if market rates dip. Compare offers and know your usage.
In uncertain times, fixing your tariff can be a smart way to protect yourself. But it’s not a one-size-fits-all answer. If you value predictability, low exit fees, and want to avoid surprises, a fixed electricity tariff could give you peace of mind.
But if you’re okay with some risk and want to see how the market plays out, sticking with a variable tariff might work better for now.
So—should you fix your energy? Only you can make that call, but now you’ve got the info to decide wisely.
Ready to compare? Grab your latest bill, check your usage, and run a few comparisons. The right deal might be just a few clicks away.
