Top 10 fixed energy tariffs to fight the price rises

by Marghaid Howie on 02 March 2011  |  3 comments
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If money is tight, fixing your energy tariff might be the way to go.

It seems that everything is going up in price lately, heaping more and more pressure on our household budgets.

With the final price rise coming into effect this week, all of the major gas and electricity suppliers have raised their prices, so we may finally be starting to figure out where we stand, even if the answer is “in a tight spot”!

However, with wholesale oil prices hitting record highs, a second round of energy price rises in the coming months isn’t an impossibility, despite the regulator’s investigations.

But there is a neat little trick to protect yourself from the effects of inflation – at least on your energy bill, anyway. Suppliers have been quietly releasing relatively cheap fixed tariffs whilst all the attention has been on the cheapest online deals versus expensive standard rates.

Fixed tariffs are usually recommended in late summer, when prices have normally dropped and are expected to rise for the winter, but in the current climate they may be a great option.

Atlantic Energy has just released the cheapest fixed tariff on the market and, at an average of £952 a year, it’s not only the cheapest fixed tariff but also the fifth cheapest tariff around.

Fixed tariffs from EDF and Ovo also regularly feature in our Top Tariffs Table, and these all guarantee that your price won’t increase for at least 12 months.

You can even fix your prices for up to four years for a lower price than you might currently be paying on a volatile standard tariff. Considering that energy prices have risen by around 40% in the last three years, this might be a great way of locking in peace of mind!

Ten cheapest fixed tariffs

UK average across all regions: payment by monthly Direct Debit, dual fuel, based on 16,500kWh Gas and 3,300kWh Electricity usage.

Please note that some fixed tariffs are subject to cancellation fees if you switch away from that tariff before the end of the fixed period.

Compare energy tariffs at lovemoney.com