Energy bills: What is a fixed rate?

If you sign up to a fixed rate energy tariffs, exactly what and how will it work?

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A fixed price deal is where your daily standing charge and each unit rate is fixed until a set date in the future.

This does not mean that your annual bill or your monthly direct debits will be fixed.
What is fixed is the price you pay for each unit that you use.

Many people agree to pay a set monthly payment based on the last year’s usage, but this will rarely if ever match your costs exactly. Meaning that a catch up payment or a repayment by the energy company will sometimes be necessary.

If you are still not sure call me and my colleagues now on 0800 170 1931.

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