The variable rate (the Price Cap) is the safest bet right now. It’s not a bargain, but it’s regulated. No nasty surprises.
Plus, energy prices are predicted to fall next winter. If that happens? Being on a variable tariff is like winning a slow, boring lottery. You save money automatically.
Martin Lewis Explains What You Should Do After Energy Price Cap Rise
But what if prices spike again? Stuck on variable, you’ll feel the sting. It’s a gamble, and your radiators are the chips.
The trap you must avoid
Never, ever take a fixed deal with high exit fees. Those penalties can be brutal. Imagine paying £60 to leave a bad party. No thanks.
Read the small print. Yes, the tiny, eye-straining bit. It might hide a sneaky “early exit” charge that ruins your day.
