Energy UK's statement on standard variable tariffs
Energy UK issued a statement on the differences between fixed deals and standard variable tariffs.
Lawrence Slade, chief executive of Energy UK, said:
“Fixed deals frequently offer better prices than standard deals as they take advantage of short term changes in costs. They also provide more certainty for suppliers as they are offered to a set number of people at one time. Standard variable tariff numbers consistently fluctuate making it harder for suppliers to budget for.
“Almost 4 million people switched electricity supplier in 2015 showing competition is driving prices down. People should be taking advantage of the deals out there. With almost 50 deals under £1,000 compared to only a handful this time last year, there are a range of deals £130 cheaper.”