Looking to avoid being hit by energy price rises? We reveal the five longest-lasting fixed-price energy deals available.
Following Labour leader Ed Miliband’s promise last month to freeze energy prices if his party wins the next general election, two energy providers – EDF Energy and First Utility – have launched new fixed-price packages.
But they’re not the only providers offering long-lasting fixed energy tariffs: Npower and Scottish Power have also got deals that allow you to fix prices for at least the next three years.
To find the cheapest gas and electricity options for you, compare energy prices using Which? Switch.
Longest fixed-price energy tariffs
According to Which? Switch, the five longest-lasting fixed-price energy tariffs based on average consumption are:
- Npower Price Protector March 2017 (fixed until 31 March 2017) – £1,341.36
- EDF Blue+ Price Freeeeze March 2017 (fixed until 31 March 2017) – £1,339.70
- Scottish Power Help Beat Cancer Fixed Price Energy January 2017 (fixed until 31 December 2016) – £1,339.72
- Npower Price Fix September 2016 (fixed until 30 September 2016) – £1,317.58
- First Utility iSave v10 January 2016 (fixed until 31 January 2016) – £1,274.05
But price isn’t the only factor to think about when choosing an energy supplier – customer service, accuracy and clarity of bills, energy-saving help and complaints procedures are also important. Find out how different providers compare by checking out our energy companies satisfaction survey.
Fixed energy tariffs: pros and cons
There are advantages and disadvantages to choosing a fixed energy tariff.
On the plus side, you know exactly how much your energy will cost per unit for the duration of your deal. This can make it easier to predict your bills and also mean that you avoid energy price rises.
A downside of fixed energy tariffs can be that you will sometimes end up paying more for your energy than those on variable packages (although this is less often the case now than it used to be). You also won’t benefit if energy prices drop.
To find out more about the different types of packages on offer, read energy tariffs explained.