Standard variable tariffs are the most expensive tariffs offered by the gas supplying company. Typically they track the market, so you benefit when prices go down but lose when they go up. Currently prices are on the up, with all of the big six already having increased prices. To protect your household from future price rises be sure to select a fix deal.
A fixed deal allows you to lock the price you pay for your gas consumption, typically for a fixed period of 1 to 2 years. Naturally the idea is that you stay on the contract for the full period, hence some energy suppliers charge an exit fee should you wish to leave – the fee amount is around £30 per fuel
A dual fuel tariff is when both your gas and electricity energy supplier are the same. Often dual tariffs have discounts applied but that does not mean it is cheapest option in the market, sometimes it is worth having separate suppliers for both types of energy.
Monthly direct debit is the cheapest payment option when compared against cash or cheque. Usually there is a set monthly direct debit you need to pay over the year whereby you build a budget surplus in the summer (because your gas consumption is low) and a budget deficit in the winter (when your gas consumption is high due to heating etc). The idea is to smooth the payments over the year allowing you to better manage household expenses.
Many suppliers give cheaper gas deals if you choose to be environmentally friendly by managing your account online.
The biggest saving you can make from your gas bills is also the easiest one to implement. By simply comparing and switching suppliers you can easily save up to £468* off your energy bills.
Switching to a cheaper energy deal is very easy with FreePriceCompare; you can actually compare and select the cheapest supplier from our results page in 5 minutes.
Once selected, FreePriceCompare will handle the whole process for you, including letting your previous supplier know that you would like to switch energy suppliers. The whole process takes around 21 days and you are guaranteed to be never left without gas or electricity supply.
Please note if you are in a contract, you can be subjected to exit fees so you can either wait for the contract to come up for renewal or you can switch now if the savings are significant. Remember tariffs can go up in price, so if you can save a lot of money by paying the exit fees then it is worth a serious consideration.