Switching from your supplier's standard variable rate tariff to a cheaper fixed rate energy deal is a quick and easy way to cut the cost of your gas and electricity bills, but to make the most of the best-priced energy deals out there, you need to regularly compare energy prices and switch.
When you switch to a fixed rate energy deal, you agree to pay a set amount for each unit of energy you use for the length of the deal - remember, it's only the unit rate that is fixed, so the more energy you use, the higher your bills will be.
Fixed rate deals usually last for 12 months, although some allow you to lock in your rates for longer, and when the contract reaches its end date, your supplier will automatically roll you onto its more expensive standard variable rate.
Although you won't be tied down to your supplier's variable rate deal, meaning you can switch at any time, to avoid overpaying for your energy, you should switch to a new deal before your current one expires.
The trouble is, many fixed rate deals come with an early exit fee, which is a penalty charge for backing out of your deal early.
These fees are usually charged per fuel, meaning that if you're on a dual fuel energy deal, you'll be charged two fees - one for gas and one for electricity - and the combined cost might add up to more than you'll save by switching, so always bear this in mind when comparing energy prices.
The good news is that not all fixed rate energy tariffs include this fee, and there is actually a way around paying it even on those deals that do.
The most obvious way around paying an early exit fee is to sign up to an energy deal that doesn't have one.
If your energy deal does come with a penalty fee for cutting your contract short, then you can avoid paying it by making sure you only switch once your deal has 49 days or fewer left to run. This is because rules from Ofgem, the UK energy regulator, mean that your supplier can't charge you any exit fees if you switch within 49 days of the end of your current tariff.
The end date of a fixed rate energy contract probably isn't an anniversary you'll commit to memory, but there are a number simple ways to find out if your energy deal is ending.
You can find out its end date by doing any one of the following:
Compare prices and switch, is the simple answer.
If your energy deal comes with an exit fee attached, you should start comparing prices as soon as it enters its last 49 days - although you can compare prices and switch online in minutes, the actual switching process can take up to 21 days, so it makes sense to arrange your transfer to a new supplier as soon as possible.
If your energy deal doesn't charge an early exit fee, it makes sense to compare prices every month, to see if you can get a cheaper deal elsewhere. Although this might sound like an unnecessary hassle, it only takes a few minutes to run an energy price comparison with The Energy Shop and, once you decide on a deal you like, we'll handle the whole switch for you.
If you don't switch before your current deal ends, your supplier will simply roll you onto its standard variable rate tariff - although this means you'll still have gas and electricity to power your property, it also means you'll be paying more than you need to for energy.
And while the government's energy price cap puts a maximum on the amount suppliers can charge on their standard variable rate deals, you can save a lot more money by switching to a better-priced fixed rate energy deal.
If you are rolled onto your supplier's standard variable rate tariff, you can switch away from this at any time, without being charged a penalty.
The simplest way to switch energy supplier is to run a price comparison with The Energy Shop - we'll instantly compare the best deals from across the market, so you can see how much you could save by switching.
All you have to do is find a deal you like and let us know you want to switch by clicking the 'Proceed' button. We'll then handle the rest of the switch from there, by informing your current supplier that you'll be leaving and letting your new one know you're joining.
You'll be with your new supplier and saving money within 21 days.
To start your energy price comparison, simply enter your postcode in the box on the right of the page.
Here is a dynamic list of the energy tariffs for all energy suppliers due to expire this month
|Supplier||Tariff Name||Expiry Date|
|E.ON||E.ON EHL Collective Fixed 2 Year October 2018||24/10/2020||Compare Now >|
|E.ON||Fix Online Exclusive v13||25/10/2020||Compare Now >|
|E.ON||Fix Online Exclusive v14||30/10/2020||Compare Now >|
|E.ON||Fix 1 Year Exclusive v7||30/10/2020||Compare Now >|
|British Gas||Energy and Boiler Cover Green Oct 2020v2||31/10/2020||Compare Now >|
|Shell Energy||First Fixed October 2020||31/10/2020||Compare Now >|
|Shell Energy||First Fixed October 2020 v3||31/10/2020||Compare Now >|
|Shell Energy||First Fixed October 2020 v4||31/10/2020||Compare Now >|
|Utility Point||Just Up 19 Wk16||31/10/2020||Compare Now >|
|Utility Point||Just Up Wk 25 Direct||31/10/2020||Compare Now >|
|Utility Point||Dash Up Direct||31/10/2020||Compare Now >|
|Utility Point||Speak Up Direct||31/10/2020||Compare Now >|
|EDF Energy||Simply Online 1 Year Fix Oct20v2||31/10/2020||Compare Now >|
|EDF Energy||Simply Online 1 Year Fix Oct20v3||31/10/2020||Compare Now >|
|EDF Energy||Simply Online 1 Year Fix Oct20v4||31/10/2020||Compare Now >|
|Shell Energy||Fixed October 2020 plus Google Home Mini||31/10/2020||Compare Now >|
|So Energy||So Wolf - Green||31/10/2020||Compare Now >|
|Shell Energy||Fixed October 2020 plus Smart||31/10/2020||Compare Now >|
|People's Energy||People's Energy Fixed Tariff August 2019||31/10/2020||Compare Now >|
|So Energy||So Wombat - Green||31/10/2020||Compare Now >|
|EBICo||Ebico Zero Green Fixed v3||31/10/2020||Compare Now >|
|Bristol Energy||My Green Plus 1 Year Fix Issue 18||31/10/2020||Compare Now >|
|Bristol Energy||My Green Plus 1 Year Fix Issue 18 Paperless Billing||31/10/2020||Compare Now >|
|TOTO Energy||Autumn Super Saver||31/10/2020||Compare Now >|
|EDF Energy||Together Online 1 Year Fix Oct20||31/10/2020||Compare Now >|
|E.ON||E.ON EHL Collective Fixed 2 Year September 2018||31/10/2020||Compare Now >|
|E.ON||Fix 1 Year Summer 2019 v3||31/10/2020||Compare Now >|
|British Gas||HomeEnergy Fix Green Oct 2020||31/10/2020||Compare Now >|
|British Gas||Energy Plus Boiler Cover Green Oct 2020||31/10/2020||Compare Now >|
|extraenergy||Clear Fixed Price Oct 2020 v1||31/10/2020||Compare Now >|
|Together Energy||Together 25 July2020||31/10/2020||Compare Now >|
|OVO energy||2 Year Fixed Energy 7 September 2018||31/10/2020||Compare Now >|
|OVO energy||2 Year Fixed Energy (all online) 7 September 2018||31/10/2020||Compare Now >|
|EDF Energy||BIue+Heating Protect Oct20||31/10/2020||Compare Now >|
|OVO energy||2 Year Fixed Energy 1 October 2018||31/10/2020||Compare Now >|
|OVO energy||2 Year Fixed Energy (all online) 1 October 2018||31/10/2020||Compare Now >|
|isupplyenergy||iFix 24-Month Direct Nov20||31/10/2020||Compare Now >|
|isupplyenergy||iFix 24-Month Jade Oct20v4||31/10/2020||Compare Now >|
|Green Star Energy||Fixed 24m Amazon Echo + Perks 1808||31/10/2020||Compare Now >|
|Green Star Energy||Fixed 24m Amazon Echo + Perks 1808 (paperless billing)||31/10/2020||Compare Now >|
|Powershop||Baseline 2019 Version 2||31/10/2020||Compare Now >|
|Powershop||Fixed Default 2019 Version 1||31/10/2020||Compare Now >|
|Tonik Energy||Go Green (19 months)||31/10/2020||Compare Now >|
|Green Star Energy||Fix for Longer 18M v2||31/10/2020||Compare Now >|
|EDF Energy||Simply Online 1 Year Fix Oct20||31/10/2020||Compare Now >|
|OVO energy||Better Energy 27 September 2019||31/10/2020||Compare Now >|
|Together Energy||Together Fixed April20||31/10/2020||Compare Now >|
|OVO energy||Better Energy 8 October 2019||31/10/2020||Compare Now >|
|isupplyenergy||Discover Green 12 months 08v1||31/10/2020||Compare Now >|
|Spark Energy||Fixed Saver Oct 2020||31/10/2020||Compare Now >|
|ESB Energy||Brighter Future 12 v1||31/10/2020||Compare Now >|
|EDF Energy||Blue+Heating Protect Oct20||31/10/2020||Compare Now >|
|EDF Energy||Easy Online Exclusive Oct20||31/10/2020||Compare Now >|
|Yorkshire Energy||Green Dragon - Fixed Until 31st October 2020||31/10/2020||Compare Now >|
|E.ON||Fix Online v31||31/10/2020||Compare Now >|
|British Gas||Energy Plus Protection Green Oct 2020||31/10/2020||Compare Now >|
|British Gas||Energy Plus Boiler Cover Green October 2020||31/10/2020||Compare Now >|