A Fixed Term Tariff is an energy plan where, unlike a variable tariff, prices are set for a defined period of time.
A Fixed Term Tariff is a good option if you want the security of knowing that the amount you pay for each unit of energy will not change over the life of the contract. When you sign up to a Fixed Term Tariff, you will have to agree to a sign a fixed-term contract, these can range anywhere from 12 months to up to 3 years.
With Fixed Term Tariffs, there may be an exit penalty to pay if you decided to leave before the tariff end date.
Although the unit rate and standing charge on Fixed Term Tariffs remain the same, please remember that the actual amount you pay will depend on how much
energy you use.