What are fixed or capped price plans?
Fixed or capped price plans are one way of protecting yourself against future price rises. These contracts set your rate per unit for a certain period, for example two years. You will continue to pay for what you use, so that your bills will vary depending on your consumption. However, the rate per unit that you pay will stay the same. Typically, suppliers charge a premium on their standard rate for these kinds of tariffs, so you should choose them only if you believe prices will rise in the future. A fixed plan freezes the price you pay for each unit of gas or electricity at a certain amount. This means that your rate won’t go up if prices rise; however, it will not drop either when prices go down. Capped plans put a an upper limit on the price you pay for each unit of gas or electricity. If prices rise, you will never pay more per unit than the upper limit set by the contract. If prices fall, your price per unit of electricity or gas may fall too. SuperSwitcher’s tariff comparison se
