What does fixed tarrif mean

[Beautifulkitty]

Does fixed tariff mean i can use as much gas and electricity as I want and I pay the same each month?

If not what does it mean

No, it means the rate you pay for each unit is fixed and won’t change for the length of time you’ve signed up for (usually 6 months or a year). You still get billed for the amount you use - use more, pay more. But you know each unit want go up (or down) in price as the price cap changes.

No I think it means that the price you pay for every unit of gas or electricity you use is fixed. Your bill still depends on how much you use. There are never deals which fix your final bill I’m afraid.

It's basically means you pay the same for each unit of energy used.

Let's say it's 2p a unit. On a fixed tariff that doesn't change.

If you use 10 units it'll cost you 20p.

If you use 100 units it'll cost you £2.

In fact, this is why you should always be wary when switching suppliers on the basis they have told you that your monthly cost will be lower. It might well be - but they might also set up a deliberately low direct debit to begin with to make you think you’re saving money, which will then be raised to reflect actual usage later. When this happens, people often think they’ve been ripped off - not so, the energy would always have cost the same amount, but you have been misled to get you to switch. Sneaky tactics but I’ve still seen them used by less scrupulous suppliers.

It means the unit price is fixed, not the overall bill. You still pay for however much you use, use more it will cost more.
I'm on a flexible tariff which means the unit price varies, sometimes that is more, sometimes less than a fixed tariff.
With fixed tariff you're taking a gamble that the flexible price won't be lower than the fixed for however long you fix for.

Fixed tariff means the price per kwh and standing charge is fixed. This means if you use more you pay more as its the underlying rates that are fixed. These are my current prices:

It means that the tariff is the price per unit is fixed for the period that you've signed up for

Tariff and cost in £££ are different things

Mine is saying this . I don't know if i should change or leave it as it is. The more expensive one is the one I'm on now.

No one can say for sure what will happen over the next 18 months, I'd suggest reading up on Martin Lewis for some factors to consider and to make sure you understand how energy costs work

I don't understand Martin lewis at all.

You need to compare the unit price and daily standing charge price with what you pay now .I fixed my electric yesterday because the daily standing charge was 5p less than my current one and the unit price more or less the same .

So how much do you know?

The basics that you pay for the number of units used times the price per unit plus the daily standing charge for each fuel?

And you can choose for that price per unit to fluctuate every 3 months with the market or fix it in advance and effectively gamble on whether you will pay more or less than not fixing?

He's very good at explaining things, have you tried to watch any of his programmes? Maybe the money saving expert website would be simpler for you?

Imagine you are buying bananas.

On a fixed tariff, you are basically saying that you are happy to pay a price for bananas for the next year that will never change. People who are not on a fixed tariff could see the price they pay go up - or go down. You however know that the price you pay will be the same.

You need to know roughly how many bananas you'll be using in that year.

There is also a daily charge - and that's a similar idea.