Tariffs

Tariffs are what defines unit prices for electricity and gas. They can be variable, fixed, green, prepaid, online, etc. The following information should make electricity and gas tariffs easier to understand.

Electricity and gas tariffs in a nutshell

  • If you want as much flexibility as possible, you will probably opt for a standard tariff.
  • If you do not wish to worry about energy market price changes, fixed-rate tariffs are interesting.
  • If you want the same supplier for electricity and gas, dual-fuel tariffs are attractive.
  • If you are happy managing your account online, online energy tariffs will interest you.
  • If you want energy that is green or renewable, green energy tariffs will appeal to you.
  • If you have a prepaid meter, your only option is a prepaid energy tariff.
  • If you have solar panels, you will want to find out about feed-in tariffs.

Standard tariffs

Standard tariffs are the most popular tariffs and are offered by most electricity and gas suppliers:

  • Standard tariff prices can change with the electricity and gas market.
  • There are no contracts or early exit fees with standard tariffs.
  • Standard tariffs include few constraints, such as online account management.

Find out more about standard tariffs.

Fixed-price tariffs

Fixed-price tariffs are the second most popular types of tariffs:

  • Fixed-price tariffs lock in electricity and gas prices between one and three years.
  • Fixed-price tariffs require entering into a contractual agreement with an energy supplier.
  • Fixed-price tariffs often involve early exit fees that apply to customers who switch before a certain date.

Find out more about fixed-price tariffs.

Economy 7 tariffs

Economy 7 tariffs only apply to electricity customers with meters that distinguish between daytime and nighttime electricity consumption. Like Standard tariffs, Economy 7 tariffs:

  • have variable prices depending on electricity market changes;
  • do not involve contracts or impose early exit fees on customers;
  • are flexible insofar as most payment and management options are available.

Find out more about Economy 7 tariffs.

Dual-fuel tariffs

Dual-fuel tariffs only apply to customers buying both electricity and gas from the same energy supplier:

  • Dual-fuel tariffs can rest on both variable and fixed prices.
  • Dual-fuel tariffs often include a discount for combining electricity and gas with one supplier.
  • Dual-fuel tariffs tend to be more expensive than separate electricity and gas tariffs.

Find out more about dual-fuel tariffs.

Online energy tariffs

Online energy tariffs involve energy suppliers offering a discount for customers who accept to manage their account online:

  • Online energy tariffs are convenient for people who are happy to manage bills and submit meter reading online.
  • Online energy tariffs may be offered on both variable and fixed pricing plans, for single or dual-fuel customers.
  • Online energy tariffs are not convenient for people who like receiving paper bills and dislike interacting with customer services over the Internet.

Find out more about online energy tariffs.

Prepaid energy tariffs

Prepaid energy tariffs only apply to customers with prepaid meters:

  • Prepaid energy tariffs are attractive to customers who want to manage their energy bills in advance.
  • Prepaid energy tariffs tend to be slightly more expensive than standard or fixed-rate tariffs.
  • Prepaid energy tariffs may be offered to variable and fixed pricing plans, and single or dual-fuel customers.

Find out more about prepaid energy tariffs.

Green energy tariffs

Green tariffs are tariffs offered by electricity and gas suppliers who promote green or renewable energy:

  • Suppliers offering green tariffs often have a greener or more renewable fuel mix.
  • Green tariffs can apply to standard or Economy 7 meters.
  • Green tariffs can have fixed or variable prices depending on suppliers.
  • Green tariffs are often more expensive than non-green tariffs.

Find out more about green energy tariffs.

Feed-in tariffs

Feed-in tariffs are relatively rare: they apply to customers with solar feed-in panels only. These customers produce electricity through their solar panels, which they sell back to their electricity supplier at a certain price.

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What is the difference between standard, fixed-rate, online, green, solar, economy 7 or prepaid tariffs? We explain everything!