Understanding your bill

Fixed term contracts

You should consider if there are any possible early termination fees if you are on a fixed term contract with your current energy supplier. These should not apply in the last 49 days of your contract.

Standard tariffs

Many suppliers have increased their standard tariffs in the last few months, so now is a good time to see how much you can save. These are their ‘standard variable tariffs’. Suppliers will put you on this if you haven’t switched before or if your fixed term contract has ended. Seven out of ten households are on a standard tariff, which means they could save the most by switching.

Fixed contract

If your fixed period is coming to an end in the next month or so, you should be able to switch without penalty, some fixed contracts come with exit fees (or early termination fees). These should not apply in the last 49 days of your fixed term contract.