What is a fixed energy tariff?

Fixed energy tariffs guarantee a certain unit price for gas or electricity for a set period of time.

But this means that you won't benefit from any price cuts your energy supplier makes during the fixed period. These tariffs may also charge an exit fee if you choose to leave before the fixed tariff period expires.

Fixed price tariffs give peace of mind to those worried about future energy price rises. However, they can be up to 20% more expensive than non-fixed tariffs.