Fixed Deals versus Variable

Tomsrunning

Apart from keeping monthly payments the same is there any advantage in having a fixed deal for energy? We submit a reading when we join a company and when we leave. I presume that if we have used more than we paid for because we were on a low fix then when we leave we have to pay the difference. So whether on a low or a variable deal - overall we still pay in total the same amount?

molerat

You are obviously misunderstanding the basics. Fixed refers to the unit and standing charge prices not the amount you pay each month. A variable tariff can increase those unit and standing charges, recently increases in the region of 20 - 30% have occurred which you are protected from on a fixed tariff.

Tomsrunning

Thanks. That's helpful.