My fixed energy tariff is ending what should I do?

Key takeaways

• As your fixed-rate tariff nears its end, compare other tariffs to see whether you could get a lower price, better customer service or a greener deal.

• If you do nothing after your fixed deal ends, you will usually move onto your supplier’s standard variable tariff.

• The current energy price cap^{^} for typical households paying by direct debit is £1,641^{^} . The cap limits the rates suppliers can charge on standard variable and prepayment tariffs, but it does not cap your total bill.

• If you switch before your fixed term ends, check whether exit fees apply first. Those fees are often around £25 to £50 per fuel, and you can usually switch without exit fees in the last 49 days of a fixed contract.

How do I find out when my energy tariff ends?

Your tariff end date should be shown on your latest bill or in your online account. Look for your tariff name, contract end date and account number.

If it is not clear, contact your supplier and ask for the exact end date. It is better to check early than wait until your deal has already ended.

What should I do when my tariff is ending?

Start comparing your options before your fixed deal runs out. Look at price first, but do not stop there. Customer service, contract length and whether the tariff supports renewable energy may also matter.

If you find a fixed tariff that is cheaper than your supplier’s standard variable rate or the current price cap, it may save you money over the contract term.

What happens if I do not switch after my tariff end date?

If you do nothing, you will usually be moved onto your supplier’s standard variable tariff. That is not always the worst option, but it can be more expensive or less predictable than a fixed deal.

The price cap limits what suppliers can charge on standard variable tariffs, but it does not limit your total bill. Your final cost still depends on how much energy you use and how you pay.

Related: What is the energy price cap?

Can I switch energy providers before my tariff end date?

Yes, you can switch early. The main thing to watch out for is an exit fee. Some suppliers charge this if you leave before the end of your fixed term, and it is often charged per fuel.

If you want to stay with the same supplier, you can also ask whether they can move you onto a different tariff. They may agree, but they do not have to.

Before switching, check whether the savings from the new deal are enough to outweigh any fees.

What if my business energy tariff is ending?

Business energy contracts work differently from domestic tariffs, so the rules are not always the same.

In most cases, you need to act within your switching window before the contract ends. If you leave it too late, you may be moved onto a more expensive out-of-contract or rollover rate.

If you run a business, compare business energy deals early so you have time to secure a new contract before the current one ends.

🚩 If your energy tariff is ending soon, don't leave it until the last minute. Check your end date, compare what is available and decide whether to switch, stay put or ask your supplier for a better deal.