25 Jun 2016

A question about : Fixed or Frozen?

I'm with sainsbugs on the fixed to March 2015 tariff.

Just phoned to chat about alternative tariffs - the cheap energy club advised I switched to the fixed to feb 2016 offering, but wanted to check my average usage and the like with someone at the company - I prefer talking to people.

I was recommended, due to being a low user (an average of Ј400/500 per year on duel fuel), to go for the feb 2016 frozen to 2016 tariff - as its a lower standing charge, but slightly higher pkwh.

Am I right in thinking that Fixed Feb 2016 will drop if the prices drop again?

Does anyone know if its the same for Frozen, and if not, would you suggest I'd be better going for fixed over frozen?

I'm just not sure what the difference/benefits are of the two.

Thank you for any advice (I hate switching time of year)

Best answers:

  • It's highly unlikely that the Fixed Feb 2016 tariff will drop in price.
    It will just join the hundreds of other discontinued tariffs when they bring out their Fixed Mar 2016 to take it's place which will remain until they decide to close that in favour of the Fixed Apr2016 or whatever. Just look at the ever growing lists of tariff names that all the suppliers have issued.
    The only tariffs that vary without you actually initiating the change are the Standard Variable Tariff (it's in the name!)
    To make sure you are on the best tariff you must keep on your toes and track all these changes swapping to the best one when you can if there are no exit penalties.
  • I have never seen a tariff called 'frozen' but that is what is meant by a 'fixed' tariff.
    There used to 'capped' tariffs, which meant the price could fall but wouldn't increase. I don't know if those tariffs are still marketed.
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